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Finance News
AIIB approves $1 billion for Disaster Recovery in China
AIIB approves $1 billion for Disaster Recovery in China The Asian Infrastructure Investment Bank (AIIB) has approved USD1 billion for the Henan Flood Emergency Rehabilitation and Recovery Project in C...
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Vivacity Labs look at the future of our roads with 3 predictions for 2022
Vivacity Labs look at the future of our roads with 3 predictions for 2022 2022 will be a defining year for the future of travel. The last two years have seen travel modes and patterns shifting and flu...
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How Machine Learning actually works
How Machine Learning actually works Over the last few years, machine learning has gained traction at an increasing rate, with more and more businesses adopting machine learning into their day-to-day p...
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EIB supporting two bus rapid transit systems in Indonesia
EIB supporting two bus rapid transit systems in Indonesia The European Investment Bank (EIB), the climate bank of the European Union, has announced its plans to finance two bus rapid transit systems (...
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A new regional Truck Museum has been inaugurated in the Czech Republic
A new regional Truck Museum has been inaugurated in the Czech Republic The new Truck Museum is inaugurated in Kopřivnice in the Czech Republic, will feature eighty commercial vehicles. Visitors will a...
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Boat owners measuring coastal Plastic Pollution globally with DJI drones
Boat owners measuring coastal Plastic Pollution globally with DJI drones DJI, AnimaMundi Ocean Data Solutions and Lagoon are using drones to build the world’s first comprehensive database of pla...
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Inaugural COP26 Decarbonisation Summit facilitated commitment to deliver Net Zero
Inaugural COP26 Decarbonisation Summit facilitated commitment to deliver Net Zero The inaugural Decarbonisation Summit held in Glasgow on 9th/10th November, during COP26 boasted an impressive array of...
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EU funds extra €5m for Počitelj-Zvirovići subsection in Bosnia and Herzegovina
EU funds extra €5m for Počitelj-Zvirovići subsection in Bosnia and Herzegovina The European Investment Bank (EIB) and the Ministry of Finance of Bosnia and Herzegovina signed an agreement for a €5 mil...
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VolvoCE tests tele-operated high-lift wheel-loader using 5G
VolvoCE tests tele-operated high-lift wheel-loader using 5G Volvo Construction Equipment is the first in the world to trial a remote-controlled High-lift wheel loader over a 5G network in a complex fo...
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New UK strategy to boost exports to £1 trillion – Made in the UK – Sold to the World
New UK strategy to boost exports to £1 trillion – Made in the UK – Sold to the World The Government today launches an ambitious new ‘Made in the UK, Sold to the World’ plan to help busines...
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EBRD finances €150m construction of railway from Istanbul to Bulgaria
EBRD finances €150m construction of railway from Istanbul to Bulgaria The European Bank for Reconstruction and Development (EBRD) is extending a €150 million loan to the Turkish government for the con...
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Insights on the US Infrastructure Bill’s impact on the Highways Industry
Insights on the US Infrastructure Bill’s impact on the Highways Industry 2021 has been a year of widely variable business conditions, particularly for the heavy highway and civil contractor indu...
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Industry leaders comment on COP26
Industry leaders comment on COP26 As COP26 draws to a close, key industry leaders have shared their reactions and comments with Highways.Today: Nano One Nano One is a technology company with a patente...
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ADB finances $135m Presidente Nicolau Lobato Airport expansion in Timor-Leste
ADB finances $135m Presidente Nicolau Lobato Airport expansion in Timor-Leste The Asian Development Bank (ADB) and the Government of Timor-Leste today signed a $135 million loan to help Timor-Leste ex...
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Hitachi Construction Machinery appoints Walbrook Asset Finance for UK plant finance
Hitachi Construction Machinery appoints Walbrook Asset Finance for UK plant finance Hitachi Construction Machinery UK (HCMUK), a leading name in the construction, quarrying and demolition equipment ma...
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East End Crossing Partners in Ohio refinances via $528m Green Bonds offering
East End Crossing Partners in Ohio refinances via $528m Green Bonds offering East End Crossing Partners, the company that operates the cable stayed Lewis and Clark Bridge across the Ohio River, succes...
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European Alternative Fuels Infrastructure gets boost from EIB and European Commission
European Alternative Fuels Infrastructure gets boost from EIB and European Commission Today, the European Investment Bank (EIB) and the European Commission signed an agreement that will make it possib...
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EIB agrees finance for third tranche of Antwerp ring road
EIB agrees finance for third tranche of Antwerp ring road The European Investment Bank (EIB) and the Flemish Government in Belgium have signed the third tranche of a lending facility in support of the...
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AfDB Fund finances $116m to upgrade southern road corridor in Tanzania
AfDB Fund finances $116m to upgrade southern road corridor in Tanzania The Board of Directors of the African Development Fund approved a loan of around $116 million to the Tanzanian government to upgr...
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Sacyr wins LatinFinance Award for Montes de María roadway financing in Colombia
Sacyr wins LatinFinance Award for Montes de María roadway financing in Colombia Sacyr Concesiones has won the LatinFinance award in the category to best financing in local currency for the social bond...
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EBRD finances €23.5m to upgrade railways on Moldova
EBRD finances €23.5m to upgrade railways on Moldova The European Bank for Reconstruction and Development (EBRD) is providing Moldova’s national railway operator Calea Ferată din Moldova with an additi...
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Inti Punku consortium wins terminal contract at Jorge Chávez International Airport
Inti Punku consortium wins terminal contract at Jorge Chávez International Airport The operating company for the Jorge Chávez International Airport, Lima Airport Partners (LAP) has awarded the Inti Pu...
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Vanuatu boosts Transport Projects with $5m ADB grant
Vanuatu boosts Transport Projects with $5m ADB grant The Asian Development Bank (ADB) and the Government of Vanuatu today signed a $5 million grant to help fund the preparation of ADB-supported land,...
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ACWA Power wins first competitive procurement for wind power plant in Uzbekistan
ACWA Power wins first competitive procurement for wind power plant in Uzbekistan ACWA Power has bid the lowest tariff for the construction and operation of a 100 MW wind power project in Uzbekistan, w...
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L Lynch Plant Hire invests for the future with 80 new Caterpillar machines
L Lynch Plant Hire invests for the future with 80 new Caterpillar machines As part of its commitment to sustainable construction, L Lynch Plant Hire & Haulage has invested in 80 Cat machines so fa...
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Bengaluru Metro Rail Network in India set for 56Km $500m expansion
Bengaluru Metro Rail Network in India set for 56Km $500m expansion The Asian Development Bank and the Government of India on 19 November signed a $500 million loan to expand the metro rail network in...
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ADB funds $235m expansion of 222km Pakistan National Highway 55
ADB funds $235m expansion of 222km Pakistan National Highway 55 The Asian Development Bank has approved a loan of $235 million to further upgrade National Highway 55 in Pakistan, which is crucial to t...
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Avoid the Headache of Construction Delays with Good Project Management
Avoid the Headache of Construction Delays with Good Project Management When compared with other industries, construction has been slow to adopt digital technology. However, contractors and clients ali...
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All Traffic Products starts-up with Santander UK funding
All Traffic Products starts-up with Santander UK funding All Traffic Products, based in Willenhall in the West Midlands, is a start-up business supplying steel tubes, brackets and road signage fitting...
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Cortical.io launches Contract Intelligence 4.5 document processing software
Cortical.io launches Contract Intelligence 4.5 document processing software Cortical.io today announced the release of Contract Intelligence 4.5, an artificial intelligence software that automatically...
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Jo Bamford launches FUZE asset finance solution for zero-emission bus funding
Jo Bamford launches FUZE asset finance solution for zero-emission bus funding Green pioneer and Wrightbus owner Jo Bamford today launched FUZE, a unique asset finance company offering the complete sol...
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Ritchie Bros. acquires Euro Auctions for $1.08 billion to expand international reach
Ritchie Bros. acquires Euro Auctions for $1.08 billion to expand international reach Ritchie Bros., a leading global asset management, disposition, and services company; and Europe’s leading pla...
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Project funds 200 solar-powered water desalination units in Kenya
Project funds 200 solar-powered water desalination units in Kenya Climate Fund Managers (CFM) has agreed to co-finance and co-develop a portfolio of solar-powered desalination installations, turning b...
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Econ expands with new £7m Engineering facility to manufacture Gritters
Econ expands with new £7m Engineering facility to manufacture Gritters Gritter manufacturer, Econ, is to expand its North Yorkshire operation further with the development of a new £7m engineering faci...
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Ferrovial sells its Environmental Services business in Spain and Portugal to PreZero
Ferrovial sells its Environmental Services business in Spain and Portugal to PreZero Ferrovial has reached an agreement to sell its Environmental Services business in Spain and Portugal to PreZero, an...
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EIB launches public consultation to redefine their transport lending priorities
EIB launches public consultation to redefine their transport lending priorities The European Investment Bank (EIB), as one of the largest financiers of European transport infrastructure and mobility s...
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The World Bank commits to support resilient recovery in Jamaica
The World Bank commits to support resilient recovery in Jamaica The World Bank’s Regional Vice President for Latin America and the Caribbean, Carlos Felipe Jaramillo, completed a three-day visit to Ja...
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Mindtech raises $3.25m for AI Vision Synthetic Data Training Platform
Mindtech raises $3.25m for AI Vision Synthetic Data Training Platform Mindtech Global, developer of the world’s leading end-to-end synthetic data creation platform for training AI vision systems...
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Abu Dhabi Fund for Development supports road infrastructure development in Rwanda
Abu Dhabi Fund for Development supports road infrastructure development in Rwanda Abu Dhabi Fund for Development (ADFD), the economic development arm of the UAE government, signed an agreement with th...
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HSBC arranges Green Guarantee for Gammon and Hong Kong Airport works
HSBC arranges Green Guarantee for Gammon and Hong Kong Airport works Gammon Construction Limited and HSBC announced an agreement to implement a green guarantee of HKD258 million to support the develop...
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EIB provides financing for Kekava bypass PPP project in Latvia
EIB provides financing for Kekava bypass PPP project in Latvia The European Investment Bank (EIB) has signed up to finance the Public-Private-Partnership (PPP) that will design, build, finance and mai...
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Accra interchange project completed to boost trade and incomes in Ghana
Accra interchange project completed to boost trade and incomes in Ghana A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes th...
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EIB supports Road Safety in Cyprus with €362m financing
EIB supports Road Safety in Cyprus with €362m financing Werner Hoyer, President of the European Investment Bank and Alain Godard, Chief Executive of the European Investment Fund, today visited Cyprus...
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World Bank $50m grant supports Urban Development in Sierra Leone
World Bank $50m grant supports Urban Development in Sierra Leone The World Bank Board of Executive Directors approved a $50 million grant from the International Development Association (IDA) for the R...
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Ulaanbaatar to get sustainable urban transport in Outer Mongolia
Ulaanbaatar to get sustainable urban transport in Outer Mongolia The World Bank Board of Directors approved a $100 million loan to support the Ulaanbaatar Sustainable Urban Transport Project, which wi...
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Ukraine to benefit from $212m finance for Power Infrastructure Integration
Ukraine to benefit from $212m finance for Power Infrastructure Integration The World Bank’s Board of Executive Directors approved a $212 million financing package, including a $177 million Internation...
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Turkmenistan Investment and Development Forum 2021
Turkmenistan Investment and Development Forum 2021 This year Turkmenistan celebrates their 30th anniversary of independence. To mark the occasion they will be bringing together leading international c...
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Generation Bitcoin demands new construction equipment ownership models
Generation Bitcoin demands new construction equipment ownership models With new ways of doing business, features-as-a-service and a more direct relationship with manufacturers all in the mix, a once-s...
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ADB loans $150m for Solomon Islands Land and Maritime Connectivity Project
ADB loans $150m for Solomon Islands Land and Maritime Connectivity Project The Asian Development Bank (ADB) has approved support of almost $150 million to boost land and maritime connectivity in Solom...
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ADB finances $100m Bangladesh Rural Road Network expansion
ADB finances $100m Bangladesh Rural Road Network expansion The Asian Development Bank (ADB) has approved a $100 million loan to expand the coverage of an ongoing rural road network improvement project...
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AIIB finances $260m for high-tech Bridge Construction in Bangladesh
AIIB finances $260m for high-tech Bridge Construction in Bangladesh The Asian Infrastructure Investment Bank (AIIB) has approved a USD260-million loan to Bangladesh for the construction of a bridge th...
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EIB looks at public-private infrastructure investment to accelerate sustainable recovery
EIB looks at public-private infrastructure investment to accelerate sustainable recovery Werner Hoyer, President of the European Investment Bank and chair of the D20 Long-Term Investors Club (D20-LTIC...
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ADB funds US$300m Balakot Hydropower Project in Pakistan
ADB funds US$300m Balakot Hydropower Project in Pakistan The Asian Development Bank (ADB) and the Government of Pakistan signed a $300 million loan to finance the construction of a 300-megawatt hydrop...
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Rural road connectivity in Sri Lanka supported by ADB
Rural road connectivity in Sri Lanka supported by ADB The Asian Development Bank (ADB) and the Government of Sri Lanka today signed a $200 million loan agreement for the Second Integrated Road Investm...
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ADB agrees $173m green loan financing for 144MW Wind Farms in Vietnam
ADB agrees $116m green loan financing for 144MW Wind Farms in Vietnam The Asian Development Bank (ADB) signed a $116 million green loan with Lien Lap Wind Power Joint Stock Company (Lien Lap), Phong H...
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Scotland’s TA400 Terex Trucks perfect for US large-scale projects
Scotland’s TA400 Terex Trucks perfect for US large-scale projects As the US construction sector is recovering from the Covid-19 pandemic, President Biden is working on a major infrastructure bil...
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EIB reports €10 billion investment gap in AI and blockchain in the EU
EIB reports €10 billion investment gap in AI and blockchain in the EU Today, the European Investment Bank (EIB) and European Commission published a new study on the state of play in artificial intelli...
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Ferrovial Airports appoints new CEO Luke Bugeja
Ferrovial Airports appoints new CEO Luke Bugeja The Board of Directors of Ferrovial today appointed Luke Bugeja as CEO of Ferrovial Airports, in place of Jorge Gil, who has held that position since De...
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Sacyr and Fininc opens 35km section of new Pedemontana-Veneta Highway in Italy
Sacyr and Fininc opens 35km section of new Pedemontana-Veneta Highway in Italy Today, the SIS consortium, consisting of Fininc (51%) and Sacyr (49%), has put the fourth section of the Pedemontana-Vene...
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Cat announces new 980 and 982 medium Wheel Loaders
Cat announces new 980 and 982 medium Wheel Loaders Offering premium performance in the 9- to 11-tonne (10- to 12-ton) wheel loader class, the new Cat® 980 and 982 medium wheel loaders are up to 10% mo...
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