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Finance News
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 €4 billion in 2019 to support construction and social projects
CEB loans reach €4 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 €40...
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EIB supporting €450m Ukraine road infrastructure upgrade
EIB supporting €450m Ukraine road infrastructure upgrade The EIB (European Investment Bank) has agreed to provide a loan of €450m to finance new road construction and road network rehabilitation along...
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EIB supports €139m rehabilitation of Malawi transport network
EIB supports €139m 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 €150 million expansion plans
EIB funding Helsinki Airport €150 million expansion plans Finavia Corporation, a Finnish airport company, and the European Investment Bank (EIB) have signed a loan agreement of €150 million in Helsink...
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EU Commission approves €22m to promote rail transport operability in the Netherlands
EU Commission approves €22m to promote rail transport operability in the Netherlands The European Commission has approved €22.2 million of public support to upgrade the traffic management equipment on...
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EIB invests €100 million for environmentally friendly transport in Graz, Austria
EIB invests €100 million for environmentally friendly transport in Graz, Austria The European Investment Bank (EIB) is lending €100 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 public–private 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 €268m EIB support
Barcelona buys 42 high-tech trains to modernise metro with €268m EIB support A €268m 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 €200m to support clean urban transport in Spain
EIB provides €200m to support clean urban transport in Spain The European Investment Bank (EIB) has provided almost €200m for clean urban transport to cut the polluting emissions produced by buses in...
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EIB funding €115 million for electric buses in Rotterdam and the Hague
EIB funding €115 million for electric buses in Rotterdam and the Hague The European Investment Bank (EIB) has signed a loan agreement worth €115 million with public transport provider RET of Rotterdam...
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EIB investing €151 million for better and safer road networks in Lebanon
EIB investing €151 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 €15...
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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 India’s 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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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 doesn’t 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 €70 million loan with Kvarken Link Oy, a special purpose vehicle jointly owned by the municip...
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KfW IPEX-Bank finances €50 million expansion of Norwegian railway industry
KfW IPEX-Bank finances €50 million expansion of Norwegian railway industry KfW IPEX-Bank is providing the Norwegian Bane NOR Eiendom AS (BNE) with funds equivalent to around €50 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 €190 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 in 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 €200m Danish rail network link to Fehmarn tunnel
EIB fund €200m 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 €80m to reduce congestion in Greater Casablanca
EIB funds €80m to reduce congestion in Greater Casablanca The European Investment Bank (EIB) and Société Nationale des Autoroutes du Maroc (ADM) announced an €80m financing agreement today. This agree...
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EU creates €200m CEF Transport Blending Facility for sustainable transport
EU creates €200m 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 Bank approves first road project in Lao PDR The Asian Infrastructure Investment Bank’s (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 ‘tipping point’. 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 €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 €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 continent’s 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 €4.8 billion of transport, business, urban and energy financing
EIB approves €4.8 billion of transport, business, urban and energy financing The European Investment Bank – EIB on Tuesday approved a total of €4.8 billion of new financing for private sector, t...
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EIB funds 2 new €155m cruise ferries for Irish Continental Group
EIB funds 2 new €155m cruise ferries for Irish Continental Group The European Investment Bank is providing €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 €3.8 billion in financing for transport, energy, business and water supply
EIB approves €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 €150 million from EIB to finance expansion
Venice Airport receives €150 million from EIB to finance expansion With a €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 Cissé, 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 People’s Republic of China—Sichuan Road and Bridge Group, Shamim Enterprise Ltd., and UDC Construction Limited—h...
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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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