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Finance News
Asian Development Bank invests $31m to improve roads in Papua New Guinea
Asian Development Bank invests $31m to improve roads in Papua New Guinea The Asian Development Bank has approved a $31 million loan to expand and improve the road network in Papua New Guinea. The Tran...
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EBRD and KfW IPEX-Bank invest in electric car industry in Poland
EBRD and KfW IPEX-Bank invest in electric car industry in Poland Two leading European banks are promoting the electric car industry with an investment in a new plant in central Poland run by global ch...
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North American Development Bank finances Mexican border-wide transportation project
North American Development Bank finances Mexican border-wide transportation project The North American Development Bank (NADB) signed an initial loan agreement for up to $155.4 million pesos with Valu...
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Don’t miss out on the unbeatable Mecalac Buy Now Pay Later finance package
Don’t miss out on the unbeatable Mecalac Buy Now Pay Later finance package Time is running out for construction professionals nationwide to take advantage of Mecalacโs Buy Now… Pay Later f...
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EBRD finances $7m flood-protection scheme in Erdenet, Mongolia
EBRD finances $7m flood-protection scheme in Erdenet, Mongolia More than 15,000 people will directly benefit from sustainable infrastructure designed to protect them from seasonal flooding, thanks to...
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ADB and BOCFL finance $80m for Sustainable Urban Transport in China
ADB and BOCFL finance $80m for Sustainable Urban Transport in China The Asian Development Bank (ADB) has signed an $80 million loan with Bank of Communications Financial Leasing Co. Ltd. (BOCFL) to fu...
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African Development Bank finances $1.2m study for Ethiopia to Sudan railway
African Development Bank finances $1.2m study for Ethiopia to Sudan railway The African Development Bankโs Board of Directors has approved a $1.2 million grant to Ethiopiaโs government to finance a fe...
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KfW IPEX-Bank financing the eco-friendly expansion of Schiphol Airport
KfW IPEX-Bank financing the eco-friendly expansion of Schiphol Airport The project includes a new passenger terminal, a new aircraft pier and additional infrastructure. Construction of the new pier is...
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Mecalac announces unbeatable finance package for UK customers
Mecalac announces unbeatable finance package for UK customers Working in conjunction with Mecalac Financial Solutions, Mecalac Construction Equipment UK has launched an unbeatable Buy Now… Pay L...
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Mozambique and African Development Bank finance Mueda-Negomano road phase II
Mozambique and African Development Bank finance Mueda-Negomano road phase II The Government of Mozambique and the African Development Bank have signed a protocol agreement for a $34 million grant for...
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ADB finances $177m for road construction in Maharashtra State
ADB finances $177m for road construction in Maharashtra State The Asian Development Bank (ADB) has approved a $177 million loan to India to upgrade 450 kilometers (km) of state highways and major dist...
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Nordic Investment Bank finances โฌ70m for hydropower in Sweden and Finland
Nordic Investment Bank finances โฌ70m for hydropower in Sweden and Finland NIB has signed a ten-year loan agreement of โฌ70 million with Fortum Oyj to finance the refurbishment of two hydropower plants...
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EBRD finances โฌ75m for modernisation of Tbilisi metro in Georgia
EBRD finances โฌ75m for modernisation of Tbilisi metro in Georgia Residents of Georgiaโs capital Tbilisi will benefit from a โฌ75 million sovereign loan, with โฌ65 million provided by the EBRD and โฌ10 mi...
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KfW IPEX-Bank and MEAG financing A3 motorway expansion in northern Bavaria
KfW IPEX-Bank and MEAG financing A3 motorway expansion in northern Bavaria As part of an international consortium, KfW IPEX-Bank and MEAG are financing the six-lane expansion of federal motorway 3 (A3...
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AIIB finances $404m to improve 56km of Bangladesh’s National Highway N2
AIIB finances $404m to improve 56km of Bangladesh’s National Highway N2 The Asian Infrastructure Investment Bank (AIIB) has approved a US$404-million loan to improve Bangladeshโs intercity trave...
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NIB finances โฌ68m port of Klaipฤda expansion in Lithuania
NIB finances โฌ68m port of Klaipฤda expansion in Lithuania The Nordic Investment Bank (NIB) and the Klaipฤda State Seaport Authority have signed a 19-year credit facility agreement for infrastructure i...
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Nordic Investment Bank finances new tram line for Helsinki
Nordic Investment Bank finances new tram line for Helsinki The Nordic Investment Bank (NIB) and the City of Espoo have signed a 25-year loan of EUR 65.6 million to finance the construction of the new...
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EIB and leading road safety NGOs partner to halve road deaths by 2030
EIB and leading road safety NGOs partner to halve road deaths by 2030 The European Investment Bank (EIB) today entered a partnership with the three NGOs leading Road Assessment Programmes (RAP) as par...
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Eurasian Development Bank finances US$95m for Big Almaty Ring Road in Kazakhstan
Eurasian Development Bank finances US$95m for Big Almaty Ring Road in Kazakhstan The Eurasian Development Bank (EDB) signed an agreement on the general terms and conditions for financing the construct...
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EIB invests โฌ1.2m for Technical Assistance to support upgrade of Cairo Metro Line 2
EIB invests โฌ1.2m for Technical Assistance to support upgrade of Cairo Metro Line 2 The European Investment Bank (EIB) has signed a โฌ1.2 million Technical Assistance agreement with the Egyptian Nation...
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EIB invests โฌ1.5m to upgrade of Tanta to EL Mansoura to Damietta railway in Egypt
EIB invests โฌ1.5m to upgrade of Tanta to EL Mansoura to Damietta railway in Egypt The European Investment Bank (EIB) and the Egyptian Ministry of International Cooperation (MOIC) have signed a coopera...
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EBRD investment to double capacity of 202km road connecting Ulaanbaatar and Darkhan
EBRD investment to double capacity of 202km road connecting Ulaanbaatar and Darkhan The European Bank for Reconstruction and Development (EBRD) is investing to improve the regional integration and int...
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EBRD investing US$150m in Tajikistan for infrastructure development
EBRD investing US$150m in Tajikistan for infrastructure development The people of the Rasht Valley in eastern Tajikistan will soon benefit from better regional transport links, connectivity, and new e...
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IFC boosting modernization of Ukraine’s urban infrastructure
IFC boosting modernization of Ukraine’s urban infrastructure The International Finance Corporation (IFC), a member of the World Bank Group, and the Mayorโs Office of the city of Kryvyi Rih today...
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EIB funds โฌ47m in Volรกn for eco-friendly buses
EIB funds โฌ47m in Volรกn for eco-friendly buses Commuters in Hungary will enjoy new, faster, safer and more eco-friendly buses on regional and city lines across Hungary as a result of a โฌ47m loan the E...
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EIB funding โฌ180m for new Heraklion airport in Greece
EIB funding โฌ180m for new Heraklion airport in Greece The European Investment Bank (EIB) has agreed to provide a โฌ180 million loan to support construction of the New Heraklion International Airport on...
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World Bank financing new Bus Rapid Transit Corridor in Ho Chi Minh City
World Bank financing new Bus Rapid Transit Corridor in Ho Chi Minh City The World Bank and the Ministry of Finance today signed a financing agreement for a grant worth US$10.5 million to promote integ...
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EIB finances new trains for Naples Circumvesuviana network
EIB finances new trains for Naples Circumvesuviana network A new fleet of 40 electric trains for the railway network serving Naples and the province of Naples, the Circumvesuviana, to help significant...
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EIB funds โฌ185m for modernising rail in Berlin under the Investment Plan for Europe
EIB funds โฌ185m for modernising rail in Berlin under the Investment Plan for Europe The EIB (European Investment Bank) is providing โฌ185m for modernising regional rail in Greater Berlin. DAL Deutsche...
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EBRD finances$12m to upgrade Asyaport in Turkey
EBRD finances$12m to upgrade Asyaport in Turkey Turkeyโs key trans-shipment hub Asyaport will increase its capacity and improve efficiency with a new US$ 12 million loan by the EBRD. The International...
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AfDB funds $272m for construction of Msalato International Airport in Tanzania
AfDB funds $272m for construction of Msalato International Airport in Tanzania The Board of Directors of the AfDB (African Development Bank) has approved a $272.12 million loan to Tanzania for the con...
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EBRD finances Montenegro main road upgrade
EBRD finances Montenegro main road upgrade As part of its effort to improve regional integration in the Western Balkans, the EBRD is extending โฌ15 million for the reconstruction and upgrade of the roa...
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EIB finances US$50m rebuild of hurricane damaged Sint Maarten International Airport
EIB finances US$50m rebuild of hurricane damaged Sint Maarten International Airport The European Investment Bank (EIB) is agreeing finance, enabling the reconstruction of Princess Juliana Internationa...
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EBRD finances โฌ17m for 175 new buses for six cities in Georgia
EBRD finances โฌ17m for 175 new buses for six cities in Georgia The EBRD is extending a โฌ17 million sovereign loan to Georgia that will be on-lent to the Municipal Development Fund of Georgia (MDF) to...
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KfW IPEX-Bank supports PPP financing of Silvertown Tunnel project in London
KfW IPEX-Bank supports PPP financing of Silvertown Tunnel project in London KfW IPEX-Bank has joined forces with numerous other international banks and institutional investors to finance the Silvertow...
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World Bank approves major road upgrade for Timor-Leste
World Bank approves major road upgradeย for Timor-Leste The World Bankโs Board of Executive Directors has approved a US$59 million credit to begin rehabilitating the 44.3km road corridor from Gleno to...
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CABEI approves US$245.8m for road infrastructure in El Salvador
CABEI approves US$245.8m for road infrastructure in El Salvador CABEI, the Central American Bank for Economic Integration has approved a loan for US$245.8 million to the Republic of El Salvador for th...
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Western Australia receives $940m funding to improve Infrastructure
Western Australia receives $940m funding to improve Infrastructure The Western Australia economy will receive a $940 million boost from additional Federal and State infrastructure funding over the nex...
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CEB loans reach โฌ4 billion in 2019 to support construction and social projects
CEB loans reach โฌ4 billion in 2019 to support construction and social projects The Administrative Council of the CEB (Council of Europe Development Bank) approved eight new project loans totalling โฌ40...
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EIB supporting โฌ450m Ukraine road infrastructure upgrade
EIB supporting โฌ450m Ukraine road infrastructure upgrade The EIB (European Investment Bank) has agreed to provide a loan of โฌ450m to finance new road construction and road network rehabilitation along...
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EIB supports โฌ139m rehabilitation of Malawi transport network
EIB supports โฌ139m rehabilitation of Malawi transport network The European Investment Bank (EIB) and European Union have confirmed support for refurbishing the principal road across landlocked Malawi...
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EIB funding Helsinki Airport โฌ150 million expansion plans
EIB funding Helsinki Airport โฌ150 million expansion plans Finavia Corporation, a Finnish airport company, and the European Investment Bank (EIB) have signed a loan agreement of โฌ150 million in Helsink...
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EU Commission approves โฌ22m to promote rail transport operability in the Netherlands
EU Commission approves โฌ22m to promote rail transport operability in the Netherlands The European Commission has approved โฌ22.2 million of public support to upgrade the traffic management equipment on...
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EIB invests โฌ100 million for environmentally friendly transport in Graz, Austria
EIB invests โฌ100 million for environmentally friendly transport in Graz, Austria The European Investment Bank (EIB) is lending โฌ100 million to the City of Graz to finance the modernisation and expansi...
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ADB finances $490m in India to Upgrade Madhya Pradesh Roads
ADB finances $490m in India to Upgrade Madhya Pradesh Roads The Asian Development Bank (ADB) has approved a $490 million loan as part of a $904 million publicโprivate partnership (PPP) project to impr...
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Africa Investment Forum is transforming the approach to infrastructure projects
Africa Investment Forum is transforming the approach to infrastructure projects Thanks to the Africa Investment Forum, for the first time in over half a century, traders and everyday commuters could t...
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Barcelona buys 42 high-tech trains to modernise metro with โฌ268m EIB support
Barcelona buys 42 high-tech trains to modernise metro with โฌ268m EIB support A โฌ268m operation to replace the 42 oldest trains running on the Barcelona metro was finalised with the signature of the co...
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EIB provides โฌ200m to support clean urban transport in Spain
EIB provides โฌ200m to support clean urban transport in Spain The European Investment Bank (EIB) has provided almost โฌ200m for clean urban transport to cut the polluting emissions produced by buses in...
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EIB funding โฌ115 million for electric buses in Rotterdam and the Hague
EIB funding โฌ115 million for electric buses in Rotterdam and the Hague The European Investment Bank (EIB) has signed a loan agreement worth โฌ115 million with public transport provider RET of Rotterdam...
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EIB investing โฌ151 million for better and safer road networks in Lebanon
EIB investing โฌ151 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 โฌ15...
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EIB investments support Poland’s trains of the future
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 Interci...
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ADB President pledges $12 Billion for new flagship initiatives in India
ADB President pledges $12 Billion for new flagship initiatives in India Asian Development Bank (ADB) President Mr. Takehiko Nakao met with Indiaโs Prime Minister Mr. Narendra Modi for the third time s...
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India signs $350m ADB loan for road improvements in Chhattisgarh
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 85...
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AfDB signs $28.8m grant with Somalia for road and water projects
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...
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ADB supports $150m infrastructure development in 2 Growing Bangladesh cities
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 a...
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Ferrovial to build and operate $910m extension to North Tarrant Express in Texas
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...
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AfDB and Ethiopia sign $98m grant for first phase of Ethiopia-Djibouti transport corridor
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 agree...
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World Bank supports Rajasthan state highway network with $250m
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...
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ADF supports Eastern Corridor Development Programme in Ghana with $81.7m loan
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 Corrid...
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ADB supports Bus Rapid Transit System in Karachi to improve public transport
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 inn...
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