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Finance News
EU commits to boosting economy by investing in efficient transport
EU commits to boosting economy by investing in efficient transport On Monday 8 July at the seat of the European institutions in Madrid, the European Commission, European Investment Bank (EIB) and Inst...
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Queensland’s 5.4bn Cross River Rail to go ahead
Queensland’s 5.4bn Cross River Rail to go ahead Cross River Rail means more trains, more often across the whole of South East Queensland. It doesnโt matter whether you catch the train from Robin...
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EIB improving the highway of the seas between Sweden and Finland
EIB improving the highway of the seas between Sweden and Finland The European Investment Bank has signed a โฌ70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municip...
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KfW IPEX-Bank finances โฌ50 million expansion of Norwegian railway industry
KfW IPEX-Bank finances โฌ50 million expansion of Norwegian railway industry KfW IPEX-Bank is providing the Norwegian Bane NOR Eiendom AS (BNE) with funds equivalent to around โฌ50 million (NOK 500 milli...
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Stockholm Arlanda Airport development financed by KfW IPEX-Bank
Stockholm Arlanda Airport development financed by KfW IPEX-Bank KfW IPEX-Bank and Swedavia have signed a โฌ190 million loan agreement for the overall financing and development of the Swedish state owne...
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ADB funded roads in Fiji helping to revive their rural economy
ADB funded roads inย Fiji helping to revive their rural economy The Fiji road network is being repaired and upgraded to improve mobility, safety, and climate change resilience. ADB is helping to finan...
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Helsinki Airport modernisation financed by KfW IPEX-Bank
Helsinki Airport modernisation financed by KfW IPEX-Bank KfW IPEX-Bank is participating in the financing to expand and modernise Helsinki Airport, some 17 km north of Finland’s capital. The tota...
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ADB $350m loan to upgrade Chhattisgarh state and district roads in India
ADB $350m loan to upgrade Chhattisgarh state and district roads in India The Asian Development Bank (ADB) has approved a $350 million loan to rehabilitate and upgrade state highways and major district...
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Barcelona to get new fleet less polluting alternative buses with finance from EIB
Barcelona to get new fleet less polluting alternative buses with finance from EIB The European Investment Bank (EIB) is financing the modernisation of the Barcelona fleet of city buses, by granting a...
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ADB approves $2.75 Billion to Support the Malolos-Clark Railway in Philippines
ADB approves $2.75 Billion to Support the Malolos-Clark Railway in Philippines The Asian Development Bank (ADB) has approved financing of up to $2.75 billion for the construction of 53.1 kilometres (k...
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EIB fund โฌ200m Danish rail network link to Fehmarn tunnel
EIB fund โฌ200m Danish rail network link to Fehmarn tunnel The European Investment Bank (EIB) has signed a loan agreement with A/S Femern Landanlaeg, the company managing the Danish contribution to bui...
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EIB funds โฌ80m to reduce congestion in Greater Casablanca
EIB funds โฌ80m to reduce congestion in Greater Casablanca The European Investment Bank (EIB) and Sociรฉtรฉ Nationale des Autoroutes du Maroc (ADM) announced an โฌ80m financing agreement today. This agree...
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EU creates โฌ200m CEF Transport Blending Facility for sustainable transport
EU creates โฌ200m CEF Transport Blending Facility for sustainable transport In March the European Commission (EC) together with the European Investment Bank (EIB) launched the new CEF Transport Blendin...
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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 Bankย approves first road project in Lao PDR The Asian Infrastructure Investment Bankโs (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 โtipping pointโ. 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 โฌ450 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 โฌ2...
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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 continentโs 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 โฌ4.8 billion of transport, business, urban and energy financing
EIB approves โฌ4.8 billion of transport, business, urban and energy financing The European Investment Bank – EIB on Tuesday approved a total of โฌ4.8 billion of new financing for private sector, t...
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EIB funds 2 new โฌ155m cruise ferries for Irish Continental Group
EIB funds 2 newย โฌ155m cruise ferries for Irish Continental Group The European Investment Bank is providing โฌ155 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 โฌ3.8 billion in financing for transport, energy, business and water supply
EIB approves โฌ3.8 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 โฌ150 million from EIB to finance expansion
Venice Airport receives โฌ150 million from EIB to finance expansion With a โฌ150 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 Cissรฉ, 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 Peopleโs Republic of ChinaโSichuan Road and Bridge Group, Shamim Enterprise Ltd., and UDC Construction Limitedโh...
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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 โฌ200 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 Macedoniaโs 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 โฌ229 million to support infrastructure in Egypt
The European Investment Bankย provides โฌ229 million to support infrastructure in Egypt The European Investment Bank (EIB) has signed two financing agreements for a total amount of โฌ229m 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 Bankย loan for Krakow tramways foster clean and green transport The European Investment Bank (EIB) and the Krakow bus and tram services operator MPK (Miejskie Przedsiฤbiorstwo Komun...
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African Development Bank approves โฌ17.96 million Ring-Road project in Cameroon
African Development Bank approves โฌ17.96 million Ring-Road project inย Cameroon The African Development Bank has approved a โฌ17.96 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 bankย finances better roads in Montenegro The European Investment bank (EIB) and the Montenegro Government have signed today a โฌ40 million loan for the rehabilitation and upgrad...
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EU bank confirms support for first line of Bogotรก metro with US$480m in financing
EU bank confirms support for first line of Bogotรก metro with US$480m in financing The European Investment Bank (EIB) today reiterated its commitment to finance the first line of Bogotรก 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 Bankโs (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 โฌ330 million traffic upgrades at Port of Rotterdam
EIB supports โฌ330 million traffic upgrades at Port of Rotterdam The European Investment Bank has agreed to provide ca. โฌ330 million to support the construction of the so-called โBlankenburg 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 newย reportย byย internationalย Developmentย Financeย Institutionsย (DFIs) shows for the first time the scale ofย 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 Nepalโs...
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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 Bankโs (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 Norwayย 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 Bankย supports The Great North Road for Zambians The European Investment Bank (EIB) has signed a โฌ110 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 โฌ205 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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