Barcelona to get new fleet less polluting alternative buses with finance from EIB The European Investment Bank (EIB) is financing the modernisation of the Barcelona fleet of city buses, by granting a €73.5m loan helping Transports Metropolitans de Barcelona (TMB) put 254 new, safer, less polluting and m...
ADB approves $2.75 Billion to Support the Malolos-Clark Railway in Philippines The Asian Development Bank (ADB) has approved financing of up to $2.75 billion for the construction of 53.1 kilometres (km) of a passenger railway connecting Malolos, a suburb north of Manila, to Clark economic zone and Clark...
EIB fund €200m Danish rail network link to Fehmarn tunnel The European Investment Bank (EIB) has signed a loan agreement with A/S Femern Landanlaeg, the company managing the Danish contribution to building of the “Fehmarn Belt” railway connection between southern Denmark and Hamburg in Germany. The €200...
EIB funds €80m to reduce congestion in Greater Casablanca The European Investment Bank (EIB) and Société Nationale des Autoroutes du Maroc (ADM) announced an €80m financing agreement today. This agreement aims to finance third-lane works on a 57.5 km section of the Casablanca motorway in order to reduce...
EU creates €200m CEF Transport Blending Facility for sustainable transport In March the European Commission (EC) together with the European Investment Bank (EIB) launched the new CEF Transport Blending Facility, an innovative financial instrument to support projects contributing to the environmental sus...
Japanese funded Jakarta Mass Rapid Transit Subway opens In March the opening ceremony for the Jakarta Mass Rapid Transit (Jakarta MRT South-North Line), the first subway in Indonesia, was held in Jakarta, the capital city of Indonesia, and its operation began from the following day. Attendees representi...
Asian Infrastructure Investment Bank approves first road project in Lao PDR The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of US$40 million to improve a critical section of National Road 13 in the Lao People’s Democratic Republic ( Lao PDR ). This is AIIB’s firs...
Modernisation of Tamale Airport in Ghana financed by KfW IPEX-Bank KfW IPEX-Bank is supporting the expansion of Tamale Airport in northern Ghana with a loan of US$80 million. The loan is covered by government export credit insurance of the UK Export Finance (UKEF) agency. The contractor is the British s...
City regeneration to drive UK investment and infrastructure UK High Streets have reached a ‘tipping point’. That was the view of a recently published parliamentary inquiry report on UK high streets. The shift to online sales (now accounting for 20% of all retail sales); the upward revaluation of busines...
JCB Finance has one billion reasons to celebrate One of the biggest lenders to the construction and agricultural industry in the UK, JCB Finance, is celebrating the milestone news that total lending has reached an all-time high. For the first time in its history the amount currently being lent to fund t...
European Investment Bank welcomes opening of Lucknow metro one year ahead of schedule The Lucknow metro, financed by a €450 million (Rs.33 billion) long-term loan from the European Investment Bank, is ready for its first passengers. The construction of the 23km long new metro line and purchase of a flee...
EU supports rebuilding the road connection between Eritrea and Ethiopia Commissioner for International Cooperation and Development Neven Mimica is visiting Eritrea, where he has launched an initial €20 million project to rebuild the road connection between the Ethiopian border and Eritrean ports. During...
ADB finances $75 million to upgrade the Mardan to Swabi Road in Khyber Pakhtunkhwa The Asian Development Bank (ADB) and the Government of Pakistan have signed a loan agreement for $75 million to widen and upgrade 42 kilometres (km) of the busy Mardan–Swabi road in the Khyber Pakhtunkhwa province in Paki...
The 4th Africa Road Infrastructure and Investment Congress 2019 The 4th Africa Road Infrastructure and Investment Congress 2019 is the African continent’s most prominent event, which brings together the key financiers, investors, multilateral investment institutions, Government ministries, regulators, p...
ADB and India sign record US$926m loan for two new Mumbai Metro Lines The Asian Development Bank (ADB) and the Government of India have signed a $926 million loan to operationalize two lines for the Mumbai Metro Rail System that will ease the distress of millions of commuters each day and help provide a...
EBRD looks at working together for greener cities to help save the planet Urban rivers choked with plastic, exhaust fumes hazing up the sunset over traffic jams, industrial chimney stacks belching smoke, or decrepit old housing leaking heat into the sky. Cities are the source of 70% of energy use and 80...
The demise of PFI – gone but not forgotten During the course of his Budget speech on 29 October 2018 the Chancellor, Philip Hammond, said: “I have never signed off a PFI contract as Chancellor and I can confirm today that I never will”. It might be nit-picking to point out that PFI as...
AfDB and ECOWAS sign study agreement for Abidjan to Lagos Corridor Highway The African Development Bank and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement for a study into a 1,000 kilometre highway linking Cote d’Ivoire’s commercial capital Abidjan, to Lagos i...
VINCI UK Foundation calls for applications from charities to fight social exclusion VINCI businesses across the UK and the Republic of Ireland are once again calling for funding applications from projects that help people suffering from social exclusion by improving their access to employment, mobility...
EIB approves €4.8 billion of transport, business, urban and energy financing The European Investment Bank – EIB on Tuesday approved a total of €4.8 billion of new financing for private sector, transport, energy, housing and water investment. This included €864 million support for investment outsid...
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