EIB funding €115 million for electric buses in Rotterdam and the Hague The European Investment Bank (EIB) has signed a loan agreement worth €115 million with public transport provider RET of Rotterdam and the Metropole-region Rotterdam-The Hague (MRDH). RET will use the financing to acquire new electric...
EIB investing €151 million for better and safer road networks in Lebanon The European Investment Bank (EIB) and the Council for Development and Reconstruction (CDR) signed a financing agreement of €151 million for the rehabilitation and safety improvements of 900 km of existing primary, secondary and te...
EIB investments support Poland’s trains of the future Better trains on better railways for a better travel experience. The European Investment Bank (EIB) has signed an agreement with PKP Intercity to finance the long-term investment programme of the main railway operator in Poland. A PLN 1bn (€233...
ADB President pledges $12 Billion for new flagship initiatives in India Asian Development Bank (ADB) President Mr. Takehiko Nakao met with India’s Prime Minister Mr. Narendra Modi for the third time since Mr. Modi became Prime Minister and pledged to support the government’s new flagship initiatives led...
India signs $350m ADB loan for road improvements in Chhattisgarh The Asian Development Bank (ADB) and the Government of India on Tuesday signed a $350 million loan to rehabilitate and upgrade about 850 kilometers (km) of state highways and major district roads in Chhattisgarh, which will improve transpo...
AfDB signs $28.8m grant with Somalia for road and water projects The African Development Bank Group on 27 August 2019 signed two grants for $28.8 million for road and water supply projects to improve livelihoods in Somalia and boost resilience. The grants, approved by the Bank’s Board on 19 July 2019, c...
ADB supports $150m infrastructure development in 2 Growing Bangladesh cities The Asian Development Bank (ADB) has approved loans totaling $150 million to finance crucial infrastructure such as roads and drains and build capacity in two densely populated and fast-growing city regions of Bangladesh, Dhaka...
Ferrovial to build and operate $910m extension to North Tarrant Express in Texas Ferrovial, through a consortium led by its toll road subsidiary Cintra Infraestructuras, is to build and operate a new extension (segment 3C) to the North Tarrant Express in Texas, worth USD 910 million, equivalent to €813...
AfDB and Ethiopia sign $98m grant for first phase of Ethiopia-Djibouti transport corridor The government of Ethiopia and the African Development Bank Group (AfDB) have signed a $98 million grant agreement from the African Development Fund (ADF) to help finance phase one of the Ethiopia-Djibouti Road Tra...
World Bank supports Rajasthan state highway network with $250m The Government of India, Government of Rajasthan and the World Bank today signed a US$250 million loan agreement for the Rajasthan State Highways Development Program II Project to build the state’s capacity to better manage its highway...
ADF supports Eastern Corridor Development Programme in Ghana with $81.7m loan The African Development Fund (ADF) has approved an $81.67 million loan to co-finance sections of the 695-km Eastern Corridor Development Road Programme in Ghana, linking the capital, Accra with the northern hinterland and acro...
ADB supports Bus Rapid Transit System in Karachi to improve public transport The Asian Development Bank (ADB) has approved a $235 million loan to help develop a bus rapid transit (BRT) system with innovative energy and climate resilience features that will enhance access to quality public transport for...
EU commits to boosting economy by investing in efficient transport On Monday 8 July at the seat of the European institutions in Madrid, the European Commission, European Investment Bank (EIB) and Instituto de Crédito Oficial (ICO) explained one of the Investment Plan for Europe’s key priorities: i...
Queensland’s 5.4bn Cross River Rail to go ahead Cross River Rail means more trains, more often across the whole of South East Queensland. It doesn’t matter whether you catch the train from Robina, Nambour, Springfield or Cleveland, Cross River Rail enables a turn up and go network for all South Ea...
EIB improving the highway of the seas between Sweden and Finland The European Investment Bank has signed a €70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municipalities of Umeå in Sweden and Vaasa in Finland, to acquire a new ferry to create a highway of the seas,...
KfW IPEX-Bank finances €50 million expansion of Norwegian railway industry KfW IPEX-Bank is providing the Norwegian Bane NOR Eiendom AS (BNE) with funds equivalent to around €50 million (NOK 500 million) to finance the expansion of the Norwegian railway related properties. The loan will be disbursed in...
Stockholm Arlanda Airport development financed by KfW IPEX-Bank KfW IPEX-Bank and Swedavia have signed a €190 million loan agreement for the overall financing and development of the Swedish state owned company’s airports, mainly its largest airport Stockholm Arlanda Airport. Swedavia is investing...
ADB funded roads in Fiji helping to revive their rural economy The Fiji road network is being repaired and upgraded to improve mobility, safety, and climate change resilience. ADB is helping to finance work that is boosting trade, tourism, and education. Apisai Ketenilagi of the Fiji Road Authority sai...
Helsinki Airport modernisation financed by KfW IPEX-Bank KfW IPEX-Bank is participating in the financing to expand and modernise Helsinki Airport, some 17 km north of Finland’s capital. The total investment volume adds up to approximately €1 billion, with KfW IPEX-Bank providing a loan of €95 mill...
ADB $350m loan to upgrade Chhattisgarh state and district roads in India The Asian Development Bank (ADB) has approved a $350 million loan to rehabilitate and upgrade state highways and major district roads in Chhattisgarh, which will improve connectivity and access to basic services and livelihood oppo...
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