This paper presents findings of a study concerning the influence of binder type on the mechanical properties of road base in the cold recycling technology. The principal aim of this investigation was to evaluate the mixes in scope of susceptibility to moisture and low-temperatures. In the comparative research foamed bitumen and bitumen emulsion were used in four different concentrations (2.0%, 2.5%, 3.0%, 3.5%). The materials used in the study were reclaimed from an existing road construction layers: reclaimed aggregate from the road base and reclaimed asphalt pavement obtained by milling the surface and binder course. Portland cement in 2.0% concentration was used as a hydraulic binder. The evaluated parameters were: indirect tensile strengths, tensile strength retained and indirect tensile stiffness modulus at 25 °C. These tests were complemented by an evaluation of susceptibility to moisture and frost according to modified procedures implemented by American researchers: Tunnicliff, Root and Lottman. Moreover, tests for low-temperature cracking were conducted according to Finnish standard. The investigations showed that the use of foamed bitumen for road base layer produced in the cold recycling technology results in better mechanical properties and resistance to moisture and frost compared to using bitumen emulsion. The use of 2.5% of foamed bitumen and 2.0% of Portland cement in the recycled road base allowed to meet the established criteria.