The raised funds are planned to be used for construction and rehabilitation of road infrastructure.
Adrian Lupusor, Executive Director of Expert-Grup, said that Ungheni joins the number of municipalities that are already using this mechanism to attract investments. According to him, municipal bonds are becoming one of the key instruments for local authorities in Moldova to finance infrastructure projects.
Ungheni Mayor Vitalie Vrabie said that the issuance of the bonds will allow speeding up the implementation of infrastructure projects without excessive burden on the local budget and will help diversify the sources of financing.
It should be noted that Chisinau, Ceadir-Lunga, Singera, Sirec and Costesti have previously issued municipal bonds under the same project.
