On October 20, the Chișinău Municipal Council approved the loan contract between the Municipal Sanitation Enterprise “Autosalubritate” and the European Bank for Reconstruction and Development (EBRD), amounting to €9 million and a grant of €5 million for the implementation of the “Solid Waste Chișinău” Project.
The repayment term of the loan is 12 years, including a three-year grace period.
According to Chisinau City Hall officials, the financing source for the repayment of the bank loan, interest, and fees will be ensured by the annual adjustment of tariffs for waste collection and transportation by individuals and legal entities.
The General Financing Plan of the Project foresees an EBRD loan for € 9 million and an EIB (European Investment Bank) loan – € 9 million. The payments will benefit the Chișinău local public authorities (APL), as a non-repayable loan and as an integral part of the Country Waste Management Project.
The Municipality’s contribution to supporting the Project is €7.96 million, of which 1.5 million have already been invested, according to the City Hall representatives.
Based on the support offered by the two European banking institutions within the “Solid Waste Chișinău” Project, works will be carried out on the recultivation of the temporary landfill from to key-districts, following EU standards. The money will be invested in the modernization of the car park, the infrastructure for waste transportation from the City, and installation of a manual sorting line for separately collected recyclable waste.