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Finance News
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...
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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 To meet the needs of the growing city and urban area, a modern tramline system has been designed for Tampere. Fostering sustaina...
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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, the international infrastructure group, has been awarded a £36 million contract extension to its existing...
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IDB funds General San Martin metropolitan area railway line US$400m improvements in Argentina
IDB funds General San Martin metropolitan area railway line US$400m improvements in Argentina A railway improve project in Argentina has been funded for the section between Retiro Station in downtown...
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Ghana targets 5 million passengers yearly with AfDB funded international airport expansion
Ghana targets 5 million passengers yearly with AfDB funded international airport expansion The construction of a new terminal at Ghana’s flagship airport, Kotoka International Airport, is expected to...
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Emerging Africa Investment Fund backs expansion at two Madagascar airports
Emerging Africa Investment Fund backs expansion at two Madagascar airports Two airports in Madagascar are to have their runways, passenger terminal facilities and allied infrastructure upgraded and ex...
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EIB lends €1bn to co-finance Romania’s transport infrastructure projects
EIB lends €1bn to co-finance Romania’s transport infrastructure projects The European Investment Bank (EIB) is lending EUR 1bn to co-finance with European Structural and Investment Funds priorit...
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ASTALDI wins € 82 million railway contract in Poland
ASTALDI wins € 82 million railway contract in Poland The Astaldi Group has been awarded the works to updgrade a section of the E-59 Warsaw-Poznań railway line (Lot IV). The contract amounts to EUR 82...
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Spain receives €217m loan from EIB for growth, transport and employment in the Junta de Andalucía region
Spain receives €217m loan from EIB for growth, transport and employment in the Junta de Andalucía region The European Investment Bank (EIB) has granted the Junta de Andalucía a EUR 217 million loan fo...
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20 million Africans benefit from transport and ICT projects financed by AfDB in 2016
20 million Africans benefit from transport and ICT projects financed by AfDB in 2016 Transport and information and communication technology (ICT) projects financed by the African Development Bank (AfD...
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European Investment Bank signs €80m loan to finance research into environmentally friendly refuse lorries
European Investment Bank signs €80m loan to finance research into environmentally friendly refuse lorries The European Investment Bank (EIB) will grant EUR 80m in financing to Urbaser for its investme...
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African Development Bank funds US$829 Million for Songwe River Basin Program in Malawi and Tanzania
African Development Bank funds US$829 Million for Songwe River Basin Program in Malawi and Tanzania Malawi and Tanzania have agreed to work together for the development of the Songwe River Basin Progr...
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China pledges US$122 billion for China to UK Silk Road Rail Route
China pledges US$122 billion for China to UK Silk Road Rail Route Chinese President Xi Jinping pledged an extra $122bn for international infrastructure schemes as part of China’s grand “On...
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ASTALDI GROUP win €171 million railway contract in Poland
ASTALDI GROUP win €171 million railway contract in Poland The Astaldi Group has been awarded, in a joint venture, a contract to upgrade a section of the N-7 Warsaw Wschodnia Osobowa-Dorohusk railway l...
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European Investment Bank lends Nicaragua US$136 million for construction of rapid transit bus line in Managua
European Investment Bank lends Nicaragua US$136 million for construction of rapid transit bus line in Managua The European Investment Bank (EIB) is providing USD 136 million to finance the constructio...
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Africa and Europe Development grants approved for study into the 1,028 km Abidjan to Lagos Corridor Highway
Africa and Europe Development grants approved for study into the 1,028 km Abidjan to Lagos Corridor Highway The Economic Community of West Africa (ECOWAS) has released a General Procurement Notice for...
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World Bank approves US$200 Million for rural roads in Zambia
World Bank approves US$200 Million for rural roads in Zambia The World Bank’s Board of Executive Directors today approved a $ 200 million International Development Association (IDA) credit under...
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Kuwait funds 81 km upgrade of the Gbarnga-Salayae Road in Liberia
Kuwait funds 81 km upgrade of the Gbarnga-Salayae Road in Liberia The Governments of Liberia is soliciting funding from the Arab Bank for Economic Development in Africa (BADEA) and four...
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European Investment Bank finances €75 million upgrade for Port of Barcelona
European Investment Bank finances €75 million upgrade for Port of Barcelona The logistics zone (ZAL Port) of the Port of Barcelona is receiving a loan from the European Investment Bank (EIB) to financ...
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FCC Construcción awarded €1.634 Billion contract for three new railway sections in Romania
FCC Construcción awarded €1.634 Billion contract for three new railway sections in Romania The Romanian National Railway Company (CFR) has awarded FCC Construcción a contract for the rehabilitation of...
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Apesika Abom Feeder, the story of an AfDB-financed feeder road in Ghana that changed the everyday lives of rural households
Apesika Abom Feeder, the story of an AfDB-financed feeder road in Ghana that changed the everyday lives of rural households In many African countries, food security and nutrition continue to be a chal...
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Cameroon invites Expressions of Interest for Consultant Services for 241km Road Rehabilitation
Cameroon invites Expressions of Interest for Consultant Services for 241km Road Rehabilitation The Republic of Cameroon’s Ministry of Public Works has announced a Notice of Interest for Consulti...
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Kenya releases procurement notice for services on the LAPSSET Corridor Project – Lamu Port Development
Kenya releases procurement notice for services on the LAPSSET Corridor Project – Lamu Port Development The Lapsset Corridor Development Authority in Kenya has received a grant from the African Develop...
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Uganda to Kenya town bypass roads project opens for bidding
Uganda to Kenya town bypass roads project opens for bidding The Government of Kenya has received a loan from the African Development Bank to finance the Multinational Uganda – Kenya: Kapchorwa t...
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European Investment Bank co-finances construction of a section of the A7 motorway in Germany
European Investment Bank co-finances construction of a section of the A7 motorway in Germany An international consortium consisting of the European Investment Bank (EIB), KfW IPEX-Bank, DZ BANK AG, DB...
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Two large VINCI Concessions motorway projects open to traffic in Greece
Two large VINCI Concessions motorway projects open to traffic in Greece 360 km of new or revamped motorways to improve interregional connections Meeting the highest international quality and safety st...
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African Development Bank funds Kenya to Uganda upgrades and construction of new roads to connect the two countries
African Development Bank funds Kenya to Uganda upgrades and construction of new roads to connect the two countries The African Development Bank Group (AfDB) approved USD 253.0 million of loans to the...
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The Asian Development Bank approves US$114 million loan for Georgia’s Batumi bypass road project
The Asian Development Bank (ADB) has approved a US$114 million loan for Georgia’s Batumi bypass road project. ADB is also expected to manage and administer up to US$114 million in additional financing...
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European Investment Bank supports Volvo Group’s research for fuel efficiency and safety in trucks, buses, and construction equipment
European Investment Bank supports Volvo Group’s research for fuel efficiency and safety in trucks, buses, and construction equipment On Thursday, the European Investment Bank (EIB) and Volvo Treasury...
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World Bank helping Tanzania to transform Dar es Salaam’s road transport to reduce traffic
World Bank helping Tanzania to transform Dar es Salaam’s road transport to reduce traffic World Bank Group President Jim Yong Kim and Tanzanian President John Magufuli unveiled the foundation stone fo...
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European Investment Bank lends EURO 280 million to upgrade 14 regional Greek airports
European Investment Bank lends EUR) 280 million to upgrade 14 regional Greek airports The European Investment Bank (EIB) has signed two loan agreements worth EURO 280 million in total with Fraport Gre...
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European Investment Bank pledges extensive support for Kenyan energy and transport projects
European Investment Bank pledges extensive support for Kenyan energy and transport projects During an official visit to Kenya, the European Investment Bank (EIB) has pledged new support for projects i...
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World Bank Rural and Urban Access Improvement Project will benefit more than half a million Nicaraguans
World Bank Rural and Urban Access Improvement Project will benefit more than half a million Nicaraguans Nicaraguan farmers, ranchers, transport and micro entrepreneurs, 51 percent of them women, will...
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China finances US$1.5 Billion for 156km Lagos to Ibadan Rail link in Nigeria
China finances US$1.5 Billion for 156km Lagos to Ibadan Rail link in Nigeria Construction work on the Lagos to Ibadan Rail Link was signed on 6th March 2017 for the 156km railway line from the coastal...
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EIB and BGK finance construction of Kraków bypass in Poland under Juncker Plan
EIB and BGK finance construction of Kraków bypass in Poland under Juncker Plan The European Investment Bank (EIB) and the Bank Gospodarstwa Krajowego (BGK) Polish development bank today announced the...
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Chinese Contractor finances US$13 Billion for 600km Malaysia East Coast Rail Link
Chinese Contractor finances US$13Billion for 600km Malaysia East Coast Rail Link The Malaysia government have just published the proposed route for the Chinese-financed 600km East Coast Rail Link. The...
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Development Bank of Southern Africa finances 580km of road reconstruction in Kenya
Development Bank of Southern Africa finances 580km of road reconstruction in Kenya The Development Bank of Southern Africa (DBSA) has agreed with the Kenya Ministry of Transport to finance reconstruct...
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The European Investment Bank loans €175m for Schiphol Airport extension
The European Investment Bank loans €175m for Schiphol Airport expansion The European Investment Bank (EIB) and N.V. Schiphol Airport have signed a loan agreement of Euro 175 million, the first instalm...
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EIB finances modernisation of Szczecin and Świnoujście seaports in Poland
EIB finances modernisation of Szczecin and Świnoujście seaports in Poland The European Investment Bank (EIB) has provided a Euro 38 million loan to Szczecin and Świnoujście Seaports Authority for inve...
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European Investment Bank supports vulnerable islands around the world
Salaheddine Mezouar, president of the UN climate treaties conference COP22, said the event, which took place in Morocco in November, would allow “the voices of the most vulnerable countries to climate...
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Chinese built and funded Djibouti-Ethiopia railway opens for business
Chinese built and funded Djibouti-Ethiopia railway opens for business Africa’s first electrified standard gauge railway entered service yesterday between the suburbs of Addis Ababa and its coastal nei...
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China funds Jamaica’s US$348 million South-East coastal highway project
China funds Jamaica’s US$348 million South-East coastal highway project Jamaican Finance and Public Service Minister Audley Shaw will travel to the People’s Republic of China next week to sign a...
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Construction starts at Ghana’s new US$1.5 billion Container Terminal Port
Construction starts at Ghana’s new US$1.5 billion Container Terminal Port Construction work began at the Port of Tema in Ghana in January 2017 on a new US$1.5 billion container terminal near the...
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Antigua and Barbuda announce US$17.5 Million road rehabilitation project
Antigua and Barbuda announce US$17.5 Million road rehabilitation project On Thursday, 9th February 2017, the Government of Antigua and Barbuda officially launched a road rehabilitation project to upgr...
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AfDB funds US$40.8 million for Benin and Togo coastal road upgrade
The Board of Directors of the African Development Bank (AfDB) have approved a US$40.8 Million loan on Friday 16th December 2016 to the Republics of Benin and Togo to finance the upgrading of a 30-kilo...
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AfDB loans US$245m for Uganda to Rwanda Transport Project
The African Development Bank (AfDB) approved US$ 245 million in loans and grants to the Governments of Uganda and Rwanda to finance a transport project that will boost regional trade and decongest tra...
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Serbia receives US$290m for 1,100km of Road Rehabilitation and Safety Projects
Serbia receives US$290m for 1,100km of Road Rehabilitation and Safety Projects The project will support the rehabilitation and safety of about 1,100 km of Serbia’s major roads over the next five years...
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World Bank gives Laos US$25m to strengthen and climate-proof rural roads
The World Bank’s Board of Executive Directors approved a US$25 million credit from the International Development Association (IDA) to help Laos (Lao Peoples Democratic Republic) to strengthen its road...
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ADB finances Bhutan Northern Bypass Road
The Kingdom of Bhutan has received a grant from Asian Development Bank (ADB) towards the cost of South Asia Sub-Regional Economic Cooperation (SASEC) Road Connectivity Project. Part of this grant will...
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African Development Bank funding major road developments in Cameroon
Development of the Mintom-Lele-Ntam-Mbalam Road (Congo border) and facilitation of the Yaoundé – Brazzaville Transport Corridor The Republic of Cameroon has received a loan from the African Deve...
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US$74.9m Highway upgrade to connect Mozambique and Tanzania
US$ 74.9M Highway upgrade to connect Mozambique and Tanzania The African Development Bank (AfDB) approved US$ 71.8M grant and USD 3.1M loan to the Government of Mozambique for the construction of a 70...
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AfDB commits US$92.9m to open up access to Southern Ethiopia
AfDB commits US$92.9m to open up access to Southern Ethiopia On Wednesday 7th December of 2016 in Abidjan, the Board of Directors of the African Development Bank Group (AfDB) approved USD 57.6M grant...
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Kyrgyz Republic Sign Agreement for North-South Alternate Road Corridor Rehabilitation
The Asian Development Bank (ADB) and the Government of the Kyrgyz Republic today signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road C...
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ADB approves loan for 160km of road projects in Nepal
The Asian Development Bank (ADB) has approved a $186.8 million loan to upgrade 160 kilometres (km) of Nepal’s strategic road network and improve the country’s domestic and regional transport connectiv...
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European Investment Bank loans Poland 70m Euros for 40km Road Upgrade
European Investment Bank loans Poland 70m Euros for 40km Road Upgrade Loan agreed with the European Investment Bank (EIB) to lend Euro 70M towards the upgrading of a section of the S7 highway between...
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Funding Approved for the Dili to Baucau Highway Project, East Timor
Timor-Leste (East Timor) 16th November 2016 Funding Approved for the Dili to Baucau Highway Project The project is consistent with the Timor-Leste Strategic Development Plan (SDP) 2011-2030, which set...
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AfDB approves US$3m grant for feasibility studies for Central Africa roads & bridges
The African Development Bank (AfDB) on Monday, November 1, 2016, approved a US $3.04-million grant to assist the Economic Community of Central African States (ECCAS) to undertake studies for the Kribi...
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