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Finance News
Emerging Africa Infrastructure Fund celebrates successful 2017
Emerging Africa Infrastructure Fund celebrates successful 2017 The Emerging Africa Infrastructure Fund (EAIF) ended 2017 with ten transactions signed and all its key performance indicators achieved. T...
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EIB provides β¬30m for renewal of Palma de Mallorcaβs urban bus fleet
EIB provides β¬30m for renewal of Palma de Mallorcaβs urban bus fleet Palma de Mallorcaβs urban buses will start being replaced this year with new, more modern, safer, more comfortable and less polluti...
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ADB finances three Infrastructure Projects in Cambodia
ADB finances three Infrastructure Projects in Cambodia The Asian Development Bank (ADB) today signed three project loan agreements with the Government of Cambodia to provide infrastructure support for...
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ADB finances US$380m road improvements in Mindanao, Philippines
ADB finances US$380m road improvements in Mindanao, Philippines The Asian Development Bankβs (ADB) Board of Directors has approved a $380 million loan to help the Philippine government strengthen the...
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BAM wins German PPP road project A10 / A24 Neuruppin to Pankow
BAM wins German PPP road project A10 / A24 Neuruppin to Pankow The consortium consisting of BAM-PGGM and HABAU, has been appointed preferred bidder for the project Availability Model A10 / A24 AS Neur...
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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...
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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 To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of ZAR 2,0...
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New EIB β¬8.9 billion financing to support climate, water, transport, enterprise and education
New EIB β¬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 β¬8.9 billio...
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EIB supports upgrade of Kharkiv Metro in Ukraine
EIB supports upgrade of Kharkiv Metro in Ukraine The European Investment Bank (EIB) is lending EUR 160m to finance improvements to the public transport system in Ukraineβs second largest city. EIB fun...
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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 The Asian Development Bankβs (ADB) Board of Directors has approved two loans totalling $400 million to help strengthen...
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AfDB approves β¬122m loan for Tunisia Road Improvement Project
AfDB approves β¬122m loan for Tunisia Road Improvement Project The Board of the African Development Bank Group (AfDB) has approved a loan of β¬112 million to help finance the North-East Road Connectivit...
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EIB supports modernisation in Poland with β¬650 million for the Railways
EIB supports modernisation in Poland with β¬650 million for the Railways From GdaΕsk to Katowice, over 1,000 kilometres of Polish railways will be modernized and upgraded with the help of a EUR 650-mil...
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EIB finances tolling infrastructure in Slovenia
EIB finances tolling infrastructure in Slovenia The European Investment Bank (EIB) is lending β¬51 million to Sloveniaβs motorway company DARS to finance the introduction of an electronic tolling syste...
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EIB agrees β¬9.2b financing for rail, climate action, broadband and business
EIB agrees β¬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 β¬9.2 billion of new financ...
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EIB finances new 17km suburban rapid transit system in Tunis
EIB finances new 17km suburban rapid transit system in Tunis The European Investment Bank (EIB) is strengthening its support for the development of efficient and sustainable urban transport infrastruc...
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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 Floridaβs I-4 Ultimate Improvement Project is at the forefront of several global trends in infrastructure design...
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AfDF paves way for Guinea-Sierra Leone road reconstruction with β¬48 million
AfDF paves way for Guinea-Sierra Leone road reconstruction with β¬48 million The Boards of the African Development Bank Group have approved funding of β¬48 million from the African Development Fund (ADF...
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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 Asiaβs growth, allowing its people...
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EIB finances β¬600m “Y Vasca” high-speed rail line in Spain
EIB finances β¬600m “Y Vasca” high-speed rail line in Spain Minister of Public Works and Transport ΓΓ±igo de la Serna attended the signing of a β¬600m loan granted by the European Investment...
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Record β¬500m EIB loan for India’s Bangalore Metro
Record β¬500m EIB loan for India’s Bangalore Metro The European Investment Bank (EIB) will provide EUR 500 million to support the construction of a new 18 station Rapid Transit line in Bangalore...
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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 The Asian Development Bankβs (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 β¬150m loan
EU Bank supports first tramway line in Tampere, Finland with β¬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 Β£36m extension to operate and maintain UK M1-A1 Link Road
Balfour Beatty wins Β£36m extension to operate and maintain UK M1-A1 Link Road Balfour Beatty, the international infrastructure group, has been awarded a Β£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 Ghanaβs 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 β¬1bn to co-finance Romania’s transport infrastructure projects
EIB lends β¬1bn to co-finance Romania’s transport infrastructure projects The European Investment Bank (EIB) is lending EUR 1bn toΒ co-finance with European Structural and Investment FundsΒ priorit...
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ASTALDI winsΒ β¬ 82 million railway contract in Poland
ASTALDI winsΒ β¬ 82 million railway contract in Poland The Astaldi Group has been awarded the works to updgrade a section of the E-59 Warsaw-PoznaΕ railway line (Lot IV). The contract amounts to EUR 82...
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Spain receives β¬217m loan from EIB for growth, transport and employment in the Junta de AndalucΓa region
Spain receives β¬217m loan from EIB for growth, transport and employment in the Junta de AndalucΓa region The European Investment Bank (EIB) has granted the Junta de AndalucΓa a EURΒ 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 β¬80m loan to finance research into environmentally friendly refuse lorries
European Investment Bank signs β¬80m loan to finance research into environmentally friendly refuse lorries The European Investment Bank (EIB) will grant EURΒ 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 β¬171 million railway contract in PolandΒ
ASTALDI GROUP win β¬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 kmΒ Abidjan to Lagos Corridor Highway
Africa and Europe Development grants approved for study into the 1,028 kmΒ 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 β¬75 million upgrade for Port of Barcelona
European Investment Bank finances β¬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 ConstrucciΓ³n awarded β¬1.634 Billion contract for three new railway sections in Romania
FCC ConstrucciΓ³n awarded β¬1.634 Billion contract for three new railway sections in Romania The Romanian National Railway Company (CFR) has awarded FCC ConstrucciΓ³n a contract for the rehabilitation of...
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Apesika Abom Feeder, the story of an AfDB-financed feeder road in GhanaΒ that changed the everyday lives of rural households
Apesika Abom Feeder, the story of an AfDB-financed feeder road in GhanaΒ 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 InterestΒ for Consultant Services for 241km Road Rehabilitation
Cameroon invites Expressions of InterestΒ for Consultant Services for 241km Road Rehabilitation The Republic of Cameroon’s Ministry of Public WorksΒ has announced a Notice of Interest for Consulti...
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Kenya releases procurement notice for servicesΒ on the LAPSSET Corridor Project β Lamu Port Development
Kenya releases procurement notice for servicesΒ on the LAPSSET Corridor Project β Lamu Port Development The LapssetΒ 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 Georgiaβs Batumi bypass road project
The Asian Development Bank (ADB) has approved a US$114 million loan for Georgiaβs 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 BankΒ supports Volvo Groupβs research for fuel efficiency and safety in trucks, buses, and construction equipment
European Investment BankΒ supports Volvo Groupβs 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 Salaamβs road transport to reduceΒ traffic
World Bank helping Tanzania to transform Dar es Salaamβs road transport to reduceΒ 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 KrakΓ³w bypass in PolandΒ under Juncker Plan
EIB and BGK finance construction of KrakΓ³w bypass in PolandΒ 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 AfricaΒ financesΒ 580km of road reconstructionΒ in KenyaΒ
Development Bank of Southern AfricaΒ financesΒ 580km of road reconstructionΒ 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 BankΒ loans β¬175mΒ for Schiphol Airport extension
The European Investment BankΒ loans β¬175mΒ for Schiphol Airport expansion The European Investment Bank (EIB)Β 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 ΕwinoujΕcie seaports in Poland
EIB finances modernisation of Szczecin and ΕwinoujΕcie seaports in Poland The European Investment Bank (EIB) has provided aΒ Euro 38 million loan to Szczecin and ΕwinoujΕcie Seaports Authority for inve...
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European Investment BankΒ 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 βthe voices of the most vulnerable countries to climate...
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