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Finance News
EIB agrees finance for third tranche of Antwerp ring road
EIB agrees finance for third tranche of Antwerp ring road The European Investment Bank (EIB) and the Flemish Government in Belgium have signed the third tranche of a lending facility in support of the...
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AfDB Fund finances $116m to upgrade southern road corridor in Tanzania
AfDB Fund finances $116m to upgrade southern road corridor in Tanzania The Board of Directors of the African Development Fund approved a loan of around $116 million to the Tanzanian government to upgr...
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Sacyr wins LatinFinance Award for Montes de María roadway financing in Colombia
Sacyr wins LatinFinance Award for Montes de María roadway financing in Colombia Sacyr Concesiones has won the LatinFinance award in the category to best financing in local currency for the social bond...
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EBRD finances €23.5m to upgrade railways on Moldova
EBRD finances €23.5m to upgrade railways on Moldova The European Bank for Reconstruction and Development (EBRD) is providing Moldova’s national railway operator Calea Ferată din Moldova with an additi...
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Inti Punku consortium wins terminal contract at Jorge Chávez International Airport
Inti Punku consortium wins terminal contract at Jorge Chávez International Airport The operating company for the Jorge Chávez International Airport, Lima Airport Partners (LAP) has awarded the Inti Pu...
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Vanuatu boosts Transport Projects with $5m ADB grant
Vanuatu boosts Transport Projects with $5m ADB grant The Asian Development Bank (ADB) and the Government of Vanuatu today signed a $5 million grant to help fund the preparation of ADB-supported land,...
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ACWA Power wins first competitive procurement for wind power plant in Uzbekistan
ACWA Power wins first competitive procurement for wind power plant in Uzbekistan ACWA Power has bid the lowest tariff for the construction and operation of a 100 MW wind power project in Uzbekistan, w...
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L Lynch Plant Hire invests for the future with 80 new Caterpillar machines
L Lynch Plant Hire invests for the future with 80 new Caterpillar machines As part of its commitment to sustainable construction, L Lynch Plant Hire & Haulage has invested in 80 Cat machines so fa...
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Bengaluru Metro Rail Network in India set for 56Km $500m expansion
Bengaluru Metro Rail Network in India set for 56Km $500m expansion The Asian Development Bank and the Government of India on 19 November signed a $500 million loan to expand the metro rail network in...
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ADB funds $235m expansion of 222km Pakistan National Highway 55
ADB funds $235m expansion of 222km Pakistan National Highway 55 The Asian Development Bank has approved a loan of $235 million to further upgrade National Highway 55 in Pakistan, which is crucial to t...
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Avoid the Headache of Construction Delays with Good Project Management
Avoid the Headache of Construction Delays with Good Project Management When compared with other industries, construction has been slow to adopt digital technology. However, contractors and clients ali...
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All Traffic Products starts-up with Santander UK funding
All Traffic Products starts-up with Santander UK funding All Traffic Products, based in Willenhall in the West Midlands, is a start-up business supplying steel tubes, brackets and road signage fitting...
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Cortical.io launches Contract Intelligence 4.5 document processing software
Cortical.io launches Contract Intelligence 4.5 document processing software Cortical.io today announced the release of Contract Intelligence 4.5, an artificial intelligence software that automatically...
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Jo Bamford launches FUZE asset finance solution for zero-emission bus funding
Jo Bamford launches FUZE asset finance solution for zero-emission bus funding Green pioneer and Wrightbus owner Jo Bamford today launched FUZE, a unique asset finance company offering the complete sol...
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Ritchie Bros. acquires Euro Auctions for $1.08 billion to expand international reach
Ritchie Bros. acquires Euro Auctions for $1.08 billion to expand international reach Ritchie Bros., a leading global asset management, disposition, and services company; and Europe’s leading pla...
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Project funds 200 solar-powered water desalination units in Kenya
Project funds 200 solar-powered water desalination units in Kenya Climate Fund Managers (CFM) has agreed to co-finance and co-develop a portfolio of solar-powered desalination installations, turning b...
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Econ expands with new £7m Engineering facility to manufacture Gritters
Econ expands with new £7m Engineering facility to manufacture Gritters Gritter manufacturer, Econ, is to expand its North Yorkshire operation further with the development of a new £7m engineering faci...
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Ferrovial sells its Environmental Services business in Spain and Portugal to PreZero
Ferrovial sells its Environmental Services business in Spain and Portugal to PreZero Ferrovial has reached an agreement to sell its Environmental Services business in Spain and Portugal to PreZero, an...
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EIB launches public consultation to redefine their transport lending priorities
EIB launches public consultation to redefine their transport lending priorities The European Investment Bank (EIB), as one of the largest financiers of European transport infrastructure and mobility s...
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The World Bank commits to support resilient recovery in Jamaica
The World Bank commits to support resilient recovery in Jamaica The World Bank’s Regional Vice President for Latin America and the Caribbean, Carlos Felipe Jaramillo, completed a three-day visit to Ja...
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Mindtech raises $3.25m for AI Vision Synthetic Data Training Platform
Mindtech raises $3.25m for AI Vision Synthetic Data Training Platform Mindtech Global, developer of the world’s leading end-to-end synthetic data creation platform for training AI vision systems...
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Abu Dhabi Fund for Development supports road infrastructure development in Rwanda
Abu Dhabi Fund for Development supports road infrastructure development in Rwanda Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, signed an agreement with th...
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HSBC arranges Green Guarantee for Gammon and Hong Kong Airport works
HSBC arranges Green Guarantee for Gammon and Hong Kong Airport works Gammon Construction Limited and HSBC announced an agreement to implement a green guarantee of HKD258 million to support the develop...
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EIB provides financing for Kekava bypass PPP project in Latvia
EIB provides financing for Kekava bypass PPP project in Latvia The European Investment Bank (EIB) has signed up to finance the Public-Private-Partnership (PPP) that will design, build, finance and mai...
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Accra interchange project completed to boost trade and incomes in Ghana
Accra interchange project completed to boost trade and incomes in Ghana A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes th...
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EIB supports Road Safety in Cyprus with €362m financing
EIB supports Road Safety in Cyprus with €362m financing Werner Hoyer, President of the European Investment Bank and Alain Godard, Chief Executive of the European Investment Fund, today visited Cyprus...
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World Bank $50m grant supports Urban Development in Sierra Leone
World Bank $50m grant supports Urban Development in Sierra Leone The World Bank Board of Executive Directors approved a $50 million grant from the International Development Association (IDA) for the R...
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Ulaanbaatar to get sustainable urban transport in Outer Mongolia
Ulaanbaatar to get sustainable urban transport in Outer Mongolia The World Bank Board of Directors approved a $100 million loan to support the Ulaanbaatar Sustainable Urban Transport Project, which wi...
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Ukraine to benefit from $212m finance for Power Infrastructure Integration
Ukraine to benefit from $212m finance for Power Infrastructure Integration The World Bank’s Board of Executive Directors approved a $212 million financing package, including a $177 million Internation...
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Turkmenistan Investment and Development Forum 2021
Turkmenistan Investment and Development Forum 2021 This year Turkmenistan celebrates their 30th anniversary of independence. To mark the occasion they will be bringing together leading international c...
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Generation Bitcoin demands new construction equipment ownership models
Generation Bitcoin demands new construction equipment ownership models With new ways of doing business, features-as-a-service and a more direct relationship with manufacturers all in the mix, a once-s...
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ADB loans $150m for Solomon Islands Land and Maritime Connectivity Project
ADB loans $150m for Solomon Islands Land and Maritime Connectivity Project The Asian Development Bank (ADB) has approved support of almost $150 million to boost land and maritime connectivity in Solom...
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ADB finances $100m Bangladesh Rural Road Network expansion
ADB finances $100m Bangladesh Rural Road Network expansion The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project...
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AIIB finances $260m for high-tech Bridge Construction in Bangladesh
AIIB finances $260m for high-tech Bridge Construction in Bangladesh The Asian Infrastructure Investment Bank (AIIB) has approved a USD260-million loan to Bangladesh for the construction of a bridge th...
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EIB looks at public-private infrastructure investment to accelerate sustainable recovery
EIB looks at public-private infrastructure investment to accelerate sustainable recovery Werner Hoyer, President of the European Investment Bank and chair of the D20 Long-Term Investors Club (D20-LTIC...
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ADB funds US$300m Balakot Hydropower Project in Pakistan
ADB funds US$300m Balakot Hydropower Project in Pakistan The Asian Development Bank (ADB) and the Government of Pakistan signed a $300 million loan to finance the construction of a 300-megawatt hydrop...
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Rural road connectivity in Sri Lanka supported by ADB
Rural road connectivity in Sri Lanka supported by ADB The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $200 million loan agreement for the Second Integrated Road Investm...
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ADB agrees $173m green loan financing for 144MW Wind Farms in Vietnam
ADB agrees $116m green loan financing for 144MW Wind Farms in Vietnam The Asian Development Bank (ADB) signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong H...
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Scotland’s TA400 Terex Trucks perfect for US large-scale projects
Scotland’s TA400 Terex Trucks perfect for US large-scale projects As the US construction sector is recovering from the Covid-19 pandemic, President Biden is working on a major infrastructure bil...
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EIB reports €10 billion investment gap in AI and blockchain in the EU
EIB reports €10 billion investment gap in AI and blockchain in the EU Today, the European Investment Bank (EIB) and European Commission published a new study on the state of play in artificial intelli...
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Ferrovial Airports appoints new CEO Luke Bugeja
Ferrovial Airports appoints new CEO Luke Bugeja The Board of Directors of Ferrovial today appointed Luke Bugeja as CEO of Ferrovial Airports, in place of Jorge Gil, who has held that position since De...
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Sacyr and Fininc opens 35km section of new Pedemontana-Veneta Highway in Italy
Sacyr and Fininc opens 35km section of new Pedemontana-Veneta Highway in Italy Today, the SIS consortium, consisting of Fininc (51%) and Sacyr (49%), has put the fourth section of the Pedemontana-Vene...
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Cat announces new 980 and 982 medium Wheel Loaders
Cat announces new 980 and 982 medium Wheel Loaders Offering premium performance in the 9- to 11-tonne (10- to 12-ton) wheel loader class, the new Cat® 980 and 982 medium wheel loaders are up to 10% mo...
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RSP UK launches the Breaker Boom suction excavator to transform plant hire
RSP UK launches the Breaker Boom suction excavator to transform plant hire RSP UK were thrilled to announce a world first with the release of their suction excavator that will transform the plant hire...
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CCC Waste Recycling partners with CDE to deliver UK’s largest waste recycling plant
CCC Waste Recycling partners with CDE to deliver UK’s largest waste recycling plant CCC, a family-owned business based in Liverpool, has announced a major investment in a new waste recycling pla...
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Sustainable Financing and Fintech could boost ESG activity
Sustainable Financing and Fintech could boost ESG activity An increasing number of businesses are focusing on how to embed ESG (Environment, Social, and Governance) goals into their strategies. As the...
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Buckhurst Plant Hire invests £2.5m into new Hyundai Excavator Fleet
Buckhurst Plant Hire invests £2.5m into new Hyundai Excavator Fleet Hyundai dealer, Taylor & Braithwaite has recently supplied a brand-new fleet of Hyundai Excavators, to long-term customer Buckhu...
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Robot Exchange secures £500k funding to drive Robotic Process Automation
Robot Exchange secures £500k funding to drive Robotic Process Automation The Robot Exchange has secured a significant £500k investment from leading private equity investment firm, Foresight Group, thr...
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Target Group expands with funding from the Metro Bank
Target Group expands with funding from the Metro Bank A boom in the construction industry created unprecedented demand for the Target Group which specialises in digger, dumper and access platform hire...
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Construction equipment rental market growth trends
Construction equipment rental market growth trends The construction equipment rental market will be prominently driven by the robust adoption of technologically integrated equipment in rental fleets....
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Begbies Traynor Group acquires leading finance broker MAF Finance Group
Begbies Traynor Group acquires leading finance broker MAF Finance Group National professional services consultancy, Begbies Traynor Group has acquired leading finance broker, MAF Finance Group, an exp...
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Total Eren Solar Power Plant starts €87.4m construction in Uzbekistan
Total Eren Solar Power Plant starts €87.4m construction in Uzbekistan The government of Uzbekistan’s plans to develop 8 GW of solar and wind capacity by 2030 have received a major boost following the...
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Mecalac launches new site dumpers in the UK
Mecalac launches new site dumpers in the UK Earlier this month, Mecalac Construction Equipment UK launched a suite of new site dumper models at an exclusive event at its Warwickshire demo ground. The...
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Two more compact Volvo excavators head for Tilsley Plant Hire
Two more compact Volvo excavators head for Tilsley Plant Hire Following the impressive performance of a previously purchased ECR58D, Tilsley Plant Hire has recently taken delivery of a brand new Volvo...
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Paving the longest rail tunnels in Germany needs VÖGELE Super Paver power
Paving the longest rail tunnels in Germany needs VÖGELE Super Paver power Road construction projects in rail tunnels are particularly demanding. On the one hand, the cramped job site situation require...
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Eagle Crusher launches a range of new products and a new website
Eagle Crusher launches a range of new products and a new website Eagle Crusher Company consistently leads the industry in new product innovations, and the legacy continues, not just with new product i...
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Valmont acquiring Agritech AI and Machine Learning company Prospera Technologies
Valmont acquiring Agritech AI and Machine Learning company Prospera Technologies Valmont Industries, Inc., a leading global provider of engineered products and services for infrastructure and irrigati...
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D4 motorway project in the Czech Republic PPP finance includes KfW IPEX-Bank
D4 motorway project in the Czech Republic PPP finance includes KfW IPEX-Bank The consortium consisting of VINCI Highways and Meridiam (50/50) achieved successful financial close on the PPP project for...
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VolvoCE North America names 2020 Dealer of the Year and Uptime Dealer of the Year
VolvoCE North America names 2020 Dealer of the Year and Uptime Dealer of the Year Volvo Construction Equipment has named Alta Equipment Company its 2020 Dealer of the Year in North America. It also re...
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Recycling meets its match with the BENNINGHOVEN BA RPP 4000 asphalt plant
Recycling meets its match with the BENNINGHOVEN BA RPP 4000 asphalt plant Producing asphalt in the right quality and quantity at the right time is in itself a challenge that requires perfectly aligned...
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