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Finance News
Japanese funded Jakarta Mass Rapid Transit Subway opens
Japanese funded Jakarta Mass Rapid Transit Subway opens In March the opening ceremony for the Jakarta Mass Rapid Transit (Jakarta MRT South-North Line), the first subway in Indonesia, was held in Jaka...
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Asian Infrastructure Investment Bank approves first road project in Lao PDR
Asian Infrastructure Investment BankΒ approves first road project in Lao PDR The Asian Infrastructure Investment Bankβs (AIIB) Board of Directors has approved a loan of US$40 million to improve a criti...
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Modernisation of Tamale Airport in Ghana financed by KfW IPEX-Bank
Modernisation of Tamale Airport in Ghana financed by KfW IPEX-Bank KfW IPEX-Bank is supporting the expansion of Tamale Airport in northern Ghana with a loan of US$80 million. The loan is covered by go...
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City regeneration to drive UK investment and infrastructure
City regeneration to drive UK investment and infrastructure UK High Streets have reached a βtipping pointβ. That was the view of a recently published parliamentary inquiry report on UK high streets. T...
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JCB Finance has one billion reasons to celebrate
JCB Finance has one billion reasons to celebrate One of the biggest lenders to the construction and agricultural industry in the UK, JCB Finance, is celebrating the milestone news that total lending h...
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European Investment Bank welcomes opening of Lucknow metro one year ahead of schedule
European Investment Bank welcomes opening of Lucknow metro one year ahead of schedule The Lucknow metro, financed by a β¬450 million (Rs.33 billion) long-term loan from the European Investment Bank, is...
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EU supports rebuilding the road connection between Eritrea and Ethiopia
EU supports rebuilding the road connection between Eritrea and Ethiopia Commissioner for International Cooperation and Development Neven Mimica is visiting Eritrea, where he has launched an initial β¬2...
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ADB finances $75 million to upgrade the Mardan to Swabi Road in Khyber Pakhtunkhwa
ADB finances $75 million to upgrade the Mardan to Swabi Road in Khyber Pakhtunkhwa The Asian Development Bank (ADB) and the Government of Pakistan have signed a loan agreement for $75 million to widen...
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The 4th Africa Road Infrastructure and Investment Congress 2019
The 4th Africa Road Infrastructure and Investment Congress 2019 The 4th Africa Road Infrastructure and Investment Congress 2019 is the African continentβs most prominent event, which brings together t...
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ADB and India sign record US$926m loan for two new Mumbai Metro Lines
ADB and India sign record US$926m loan for two new Mumbai Metro Lines The Asian Development Bank (ADB) and the Government of India have signed a $926 million loan to operationalize two lines for the M...
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EBRD looks at working together for greener cities to help save the planet
EBRD looks at working together for greener cities to help save the planet Urban rivers choked with plastic, exhaust fumes hazing up the sunset over traffic jams, industrial chimney stacks belching smo...
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The demise of PFI – gone but not forgotten
The demise of PFI – gone but not forgotten During the course of his Budget speech on 29 October 2018 the Chancellor, Philip Hammond, said: “I have never signed off a PFI contract as Chance...
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AfDB and ECOWAS sign study agreement for Abidjan to Lagos Corridor Highway
AfDB and ECOWAS sign study agreement for Abidjan to Lagos Corridor Highway The African Development Bank and the Economic Community Of West African States Commission (ECOWAS) have signed an agreement f...
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VINCI UK Foundation calls for applications from charities to fight social exclusion
VINCI UK Foundation calls for applications from charities to fight social exclusion VINCI businesses across the UK and the Republic of Ireland are once again calling for funding applications from proj...
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EIB approves β¬4.8 billion of transport, business, urban and energy financing
EIB approves β¬4.8 billion of transport, business, urban and energy financing The European Investment Bank – EIB on Tuesday approved a total of β¬4.8 billion of new financing for private sector, t...
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EIB funds 2 new β¬155m cruise ferries for Irish Continental Group
EIB funds 2 newΒ β¬155m cruise ferries for Irish Continental Group The European Investment Bank is providing β¬155 million to finance two new passenger and vehicle ships for the ICG subsidiary Irish Ferr...
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EBRD sets ambitious 2019 goals as it steps up support for 2030 global development agenda
EBRD sets ambitious 2019 goals as it steps up support for 2030 global development agenda The European Bank for Reconstruction and Development (EBRD) has set ambitious goals for 2019 in support of the...
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ADB President meets Samoa Prime Minister to discusses infrastructure development
ADB President meets Samoa Prime Minister to discusses infrastructure development Asian Development Bank (ADB) President Mr. Takehiko Nakao and Samoa Prime Minister Tuilaepa Lupesoliai Sailele Malieleg...
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EIB approves β¬3.8 billion in financing for transport, energy, business and water supply
EIB approves β¬3.8 billion in financing for transport, energy, business and water supply During the COP24 global climate conference in Katowice, the Board of the European Investment Bank (EIB) has appr...
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Venice Airport receives β¬150 million from EIB to finance expansion
Venice Airport receives β¬150 million from EIB to finance expansion With a β¬150 million loan, the European Investment Bank (EIB) supports the development of the Venice Airport, the third busiest intern...
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CABEI invests US$44m to improve Tegucigalpa’s Southern Highway in Honduras
CABEI invests US$44m to improve Tegucigalpa’s Southern Highway in Honduras The financing is aimed at improving the southern access to the City of Tegucigalpa, achieving a more efficient connecti...
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BOAD finances interchange, viaduct and 10km of urban roads in Mali
BOAD finances interchange, viaduct and 10km of urban roads in Mali Mr. Christian Adovelande, President of the West African Development Bank (BOAD), and Dr. Boubou CissΓ©, Minister of Economy and Financ...
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Bangladesh signs China PPP Contract for Dhaka Bypass
Bangladesh signs China PPP Contract for Dhaka Bypass A consortium of companies from the Peopleβs Republic of ChinaβSichuan Road and Bridge Group, Shamim Enterprise Ltd., and UDC Construction Limitedβh...
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EU enhances support for transport connectivity in Ukraine through EIB agreements
EU enhances support for transport connectivity in Ukraine through EIB agreements At the EU-Ukraine Association Council meeting held today in Brussels, the European Investment Bank (EIB) agreed with th...
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Investment Plan for Europe supports expansion of Budapest Liszt Ferenc International Airport
Investment Plan for Europe supports expansion of Budapest Liszt Ferenc International Airport Continued expansion and upgrades of Hungary`s main international airport are at the core of the β¬200 millio...
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EBRD partners with EU for Macedonian Railway Corridor VIII
EBRD partners with EU for Macedonian Railway Corridor VIII The modernisation of FYR Macedoniaβs railway infrastructure is progressing, with the signing in Skopje today of a grant agreement for a furth...
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The European Investment Bank provides β¬229 million to support infrastructure in Egypt
The European Investment BankΒ provides β¬229 million to support infrastructure in Egypt The European Investment Bank (EIB) has signed two financing agreements for a total amount of β¬229m to support sani...
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EIB supports transport infrastructure in Slovakia
EIB supports transport infrastructure in Slovakia The European Investment Bank (EIB) is lending EUR 320m to the Slovak government for transport infrastructure in Slovakia. The EIB funds will co-financ...
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EIB supports the upgrading and expansion of the Ports of Rome and Lazio in Italy
EIB supports the upgrading and expansion of the Ports of Rome and Lazio in Italy The European Investment Bank (EIB) is supporting the development of the Ports of Rome and Lazio (Civitavecchia, Fiumici...
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European Investment Bank loan for Krakow tramways foster clean and green transport
European Investment BankΒ loan for Krakow tramways foster clean and green transport The European Investment Bank (EIB) and the Krakow bus and tram services operator MPK (Miejskie PrzedsiΔbiorstwo Komun...
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African Development Bank approves β¬17.96 million Ring-Road project in Cameroon
African Development Bank approves β¬17.96 million Ring-Road project inΒ Cameroon The African Development Bank has approved a β¬17.96 million loan to the Republic of Cameroon to finance the construction o...
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The European Investment bank finances better roads in Montenegro
The European Investment bankΒ finances better roads in Montenegro The European Investment bank (EIB) and the Montenegro Government have signed today a β¬40 million loan for the rehabilitation and upgrad...
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EU bank confirms support for first line of BogotΓ‘ metro with US$480m in financing
EU bank confirms support for first line of BogotΓ‘ metro with US$480m in financing The European Investment Bank (EIB) today reiterated its commitment to finance the first line of BogotΓ‘ metro, a projec...
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ADB provides $78m to improve regional road links in Kyrgyz Republic
ADB provides $78m to improve regional road links in Kyrgyz Republic The Asian Development Bankβs (ADB) Board of Directors has approved a total of $78 million to complete the rehabilitation of a road t...
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Solomon Islands signs ADB grant to improve transport projects
Solomon Islands signs ADB grant to improve transport projects The Asian Development Bank (ADB) and the Government of Solomon Islands today signed a grant agreement to fund a new facility which will fi...
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EIB supports β¬330 million traffic upgrades at Port of Rotterdam
EIB supports β¬330 million traffic upgrades at Port of Rotterdam The European Investment Bank has agreed to provide ca. β¬330 million to support the construction of the so-called βBlankenburg connection...
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Multilateral banks reaffirm pledge to support technology-driven sustainable infrastructure
Multilateral banks reaffirm pledge to support technology-driven sustainable infrastructure The heads of the leading multilateral development banks (MDBs) meeting at the 2018 Global Infrastructure Foru...
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EBRD and other Development Finance Institutions increase use of blended finance
EBRD and other Development Finance Institutions increase use of blended finance A newΒ reportΒ byΒ internationalΒ DevelopmentΒ FinanceΒ InstitutionsΒ (DFIs) shows for the first time the scale ofΒ concessional...
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Nordic Development Fund to co-finance improvements to the busiest road in Laos
Nordic Development Fund to co-finance improvements to the busiest road in Laos The project will showcase best-practice climate-resilient road infrastructure for the most heavily trafficked road sectio...
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Rural population of Andhra Pradesh to benefit from AIIB investment
Rural population of Andhra Pradesh to benefit from AIIB investment More than two million people living in rural areas of Andhra Pradesh, India, stand to benefit from an improved road network connectin...
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ADB providing US$180 Million to Improve Nepal’s Mahendra Highway
ADB providing US$180 Million to Improve Nepal’s Mahendra Highway The Board of Directors of the Asian Development Bank (ADB) has approved a loan of $180 million to support improvements to Nepalβs...
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ADB supports Elevated Highway in Sri Lanka to improve connectivity and trade
ADB supports Elevated Highway in Sri Lanka to improve connectivity and trade The Asian Development Bankβs (ADB) Board of Directors has approved a US$300 million loan to help in the construction of abo...
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Nordic Investment Bank finances new section of E18 motorway in Norway
Nordic Investment Bank finances new section of E18 motorway in Norway The Nordic Investment Bank finances new section of E18 motorway in NorwayΒ and the Norwegian toll-road operator Ferde AS have signe...
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European Investment Bank supports The Great North Road for Zambians
European Investment BankΒ supports The Great North Road for Zambians The European Investment Bank (EIB) has signed a β¬110 million (ZMK 1.27 billion) concessional loan with the Zambian Ministry of Finan...
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EBRD finances rehabilitation of Cairo Metro Line 1
EBRD finances rehabilitation of Cairo Metro Line 1 Millions of commuters will benefit from a β¬205 million loan provided by the European Bank for Reconstruction and Development (EBRD) to support the Eg...
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Bhutan receives World Bank support to reform the mining sector
Bhutan receives World Bank support to reform the mining sector The Royal Government of Bhutan today received a $300,000 grant from the Work Bank-led Extractives Global Programmatic Support (EGPS) mult...
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Metro de Madrid to upgrade and improve its network with EIB financing
Metro de Madrid to upgrade and improve its network with EIB financing The Madrid metro is set to offer improved levels of efficiency, safety and comfort. The European Investment Bank (EIB) has provide...
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India and World Bank sign $500m deal for all-weather rural roads using green technologies
India and World Bank sign $500m deal for all-weather rural roads using green technologies The Government of India and the World Bank today signed a $500 million loan agreement to provide additional fi...
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European Investment Bank supports upgrade of energy and road infrastructure in Ukraine
European Investment BankΒ supports upgrade of energy and road infrastructure in Ukraine The European Investment Bank (EIB) is lending β¬136m to Ukraineβs National Power Company Ukrenergo in support of a...
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EIB provides β¬150m for pan-European motorway through Bosnia and Herzegovina
EIB provides β¬150m for pan-European motorway through Bosnia and Herzegovina During an official visit by the President of the European Council, Donald Tusk, to Bosnia and Herzegovina, the EIB today sig...
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European Investment Bank funds Seychelles main harbour expansion
European Investment Bank funds Seychelles main harbour expansion During a public ceremony held in the presence of H.E. Danny Faure, President of the Republic of the Seychelles, agreements were signed...
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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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