Moldova Solid Waste Project

disbursing

A sovereign loan of up to EUR 25 million to the Republic of Moldova. The proposed investment (the "Project") will finance priority investments to improve solid waste management services across the country, establish integrated solid waste management systems in three participating Waste Management Zones, in line with Moldova's National Waste Management Strategy (the "NWMS") and the country's undertakings under the Association Agreement with the EU. The Project is an important step towards sustainable solid waste management services in Moldova. The loan will be provided in four tranches. Tranche I will be committed at loan signing and will co-finance investments in Waste Management Zone 5, which includes Ungheni, Nisporeni and Calarasi Rayons ("WMZ 5"). Tranche IV will be committed at loan signing and will finance Project Implementation Unit ("PIU") staffing and special account audit costs. Subsequent Tranches II and III will finance WMZ 8 (includes Briceni, Edinet, Ocnita and Donduseni Rayons) and WMZ 1 (includes Cahul, Cantemir, Taraclia Rayons, as well as Vulcanesti, Ceadir-Lunga and Comrat Rayons from Autonomous Territorial Unit Gagauzia) respectively, as requested by the Government of Moldova and upon validation by feasibility studies.