Finance News from Highways.Today

ADB finances US$380m road improvements in Mindanao, Philippines

ADB finances US$380m road improvements in Mindanao, Philippines

ADB finances US$380m road improvements in Mindanao, Philippines The Asian Development Bank’s (ADB) Board of Directors has approved a $380 million loan to help the Philippine government strengthen the road network and spur economic development in Mindanao, the country’s second largest island with about 2...
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ADB finances urban and transport improvements in Pakistan

ADB finances urban and transport improvements in Pakistan

ADB finances urban and transport improvements in Pakistan The Asian Development Bank (ADB) and the Government of Pakistan today signed two loans totalling $380 million for projects to help improve the country’s urban and transport sectors. The agreements were signed by Xiaohong Yang, ADB Country Directo...
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AfDB approves US$153m to improve road and rail transportation in Namibia

AfDB approves US$153m to improve road and rail transportation in Namibia

AfDB approves US$153m to improve road and rail transportation in Namibia To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of ZAR 2,000 million (US$ 153 million) to the Government of Namibia to upgrade a 210km stretch of railway in the w...
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New EIB €8.9 billion financing to support climate, water, transport, enterprise and education

New EIB €8.9 billion financing to support climate, water, transport, enterprise and education

New EIB €8.9 billion financing to support climate, water, transport, enterprise and education The December board meeting of the European Investment Bank (EIB) yesterday approved a total of €8.9 billion of new financing for 55 projects across Europe and in Asia, Africa, Latin America and the Middle East....
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ADB approves US$400m to modernise Azerbaijan's North-South Railway Corridor

ADB approves US$400m to modernise Azerbaijan’s North-South Railway Corridor

ADB approves US$400m to modernise Azerbaijan’s North-South Railway Corridor The Asian Development Bank’s (ADB) Board of Directors has approved two loans totalling $400 million to help strengthen Azerbaijan’s railway sector and modernize and rehabilitate the Sumgayit-Yalama rail line, a key link in...
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EIB supports modernisation in Poland with €650 million for the Railways

EIB supports modernisation in Poland with €650 million for the Railways

EIB supports modernisation in Poland with €650 million for the Railways From Gdańsk to Katowice, over 1,000 kilometres of Polish railways will be modernized and upgraded with the help of a EUR 650-million loan from the European Investment Bank (EIB) announced today. EIB funds will help finance 15 differ...
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EIB finances tolling infrastructure in Slovenia

EIB finances tolling infrastructure in Slovenia

EIB finances tolling infrastructure in Slovenia The European Investment Bank (EIB) is lending €51 million to Slovenia’s motorway company DARS to finance the introduction of an electronic tolling system for vehicles above 3.5 tonnes using the country’s motorway network. This is the EIB’s first direct tra...
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EIB agrees €9.2b financing for rail, climate action, broadband and business

EIB agrees €9.2b financing for rail, climate action, broadband and business

EIB agrees €9.2b financing for rail, climate action, broadband and business Meeting in Luxembourg earlier today the board of the European Investment Bank approved a total of €9.2 billion of new financing for 38 projects in 16 European Union countries and around the world in Africa, Asia and Latin Americ...
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Florida's 21 mile, $2.3 billion, Interstate 4 reconstruction supported by VolvoCE

Florida’s 21 mile, $2.3 billion, Interstate 4 reconstruction supported by VolvoCE

Florida’s 21 mile, $2.3 billion, Interstate 4 reconstruction supported by VolvoCE Florida’s I-4 Ultimate Improvement Project is at the forefront of several global trends in infrastructure design, management, financing and community enhancement. The I-4 Ultimate megaproject serves as a great exampl...
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AfDF paves way for Guinea-Sierra Leone road reconstruction with €48 million

AfDF paves way for Guinea-Sierra Leone road reconstruction with €48 million

AfDF paves way for Guinea-Sierra Leone road reconstruction with €48 million The Boards of the African Development Bank Group have approved funding of €48 million from the African Development Fund (ADF) for the reconstruction of the border road from Guinea to Sierra Leone. The project, jointly funded by...
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Infrastructure upgrade essential for Asia to continue growth

Infrastructure upgrade essential for Asia to continue growth

Infrastructure upgrade essential for Asia to continue growth Infrastructure is essential for development. Roads, railways, ports and power supplies have helped drive Asia’s growth, allowing its people to get to work and its products to reach markets. For this momentum to continue, the region’s existing...
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EIB finances €600m

EIB finances €600m “Y Vasca” high-speed rail line in Spain

EIB finances €600m “Y Vasca” high-speed rail line in Spain Minister of Public Works and Transport Íñigo de la Serna attended the signing of a €600m loan granted by the European Investment Bank (EIB) to Adif Alta Velocidad. This loan is the first tranche of €1.03bn in financing approved by th...
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ADB provides US$900 Million financing to upgrade Sri Lanka's rural road network

ADB provides US$900 Million financing to upgrade Sri Lanka’s rural road network

ADB provides US$900 Million financing to upgrade Sri Lanka’s rural road network The Asian Development Bank’s (ADB) Board of Directors has approved financing of up to US$900 million for a program that will upgrade the Sri Lanka road network to connect vast rural populations to jobs and services. “I...
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EU Bank supports first tramway line in Tampere, Finland with €150m loan

EU Bank supports first tramway line in Tampere, Finland with €150m loan

EU Bank supports first tramway line in Tampere, Finland with €150m loan To meet the needs of the growing city and urban area, a modern tramline system has been designed for Tampere. Fostering sustainable transport projects, the European Investment Bank (EIB) has provided a EUR 150m loan to the City of T...
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Balfour Beatty wins £36m extension to operate and maintain UK M1-A1 Link Road

Balfour Beatty wins £36m extension to operate and maintain UK M1-A1 Link Road

Balfour Beatty wins £36m extension to operate and maintain UK M1-A1 Link Road Balfour Beatty, the international infrastructure group, has been awarded a £36 million contract extension to its existing Managing Agent Contract (MAC) for the M1-A1 Link Road (Lofthouse to Bramham) on behalf of Connect Roads,...
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