All Funding & Development loans Articles

The Indian Government is to loan US$ 168 million to Sri Lanka to develop the island's railways sector, according to the country's Daily News.

The Bulgarian government has announced the allocation of an extra BGN 120 million (€ 61,4 million) for construction of the Trakiya, Maritza, and Hemus Highways and for the southern arch of the Sofia beltway.

China is now the largest financier of infrastructure projects in Africa, according to the World Bank's latest report, Building Bridges: China's Growing Role as Infrastructure Financier for Sub-Saharan Africa.

The African Development Bank (AfDB) has approved a loan of US$ 85 million to help finance the upgrade/rehabilitation of the Lekki to Epe expressway, which links Victoria Island with the Lekki peninsula in Lagos, Nigeria's economic capital.

The Gambia's secretary of state for Works, Construction and Infrastructure, Lamin Bojang, has announced that the government has spent US$ 82 million on the country's roads in the last 10 years, reports the country's The Point newspaper.

The Russian government has announced two new regional infrastructure initiatives totalling RUR 590.3 billion (US$ 25 billion), according to local news agencies.

An infrastructure fund worth AU$ 1.5 billion (US$ 1.4 billion) has formed the centrepiece of the Tasmanian budget, according to a report from news agency, The Australian News.

Colombia's fiscal policies board Confis will spend COP 315 billion (US$ 185 million) on the department of Boyacá's road network, according to a local news report.

The European Investment Bank (EIB) has inaugurated its new building on a site next to its existing headquarters on the Kirchberg plateau in Luxembourg. The larger premises now allow the bank to accommodate its entire staff on a single campus.

The Colombian capital of Bogotá's city council has approved a COP 38.8 trillion (US$ 22.2 billion) development plan, according to local press reports.

A two-phase US$ 128.9 million finance deal has been approved by the Inter-American Development Bank (IDB) for the São Paulo Metro Line four project, according to a news report.

Argentine president Cristina Fernández and the Andean Development Corporation (CAF) have signed a US$ 110 million loan for the Argentina-Paraguay road integration programme, the government said in a statement.

WRAP has launched a new capital funding grant scheme for waste processing projects in England

The Inter-American Development Bank (IDB) is to provide a US$ 100 million loan to The Bahamas to support measures designed to improve road transport links on the island of New Providence. New Providence, home to 69% The Bahamas population and its capital city, Nassau, has 1600 km of roads. The majority are paved and in an "adequate condition", but the network's capacity is insufficient for its growing volume of traffic.

The European Investment Bank (EIB) has announced a € 200 million loan for the new Korinthos-Patras-Taskona Peloponnesian motorway in south-western Greece, along with the upgrading of the existing Elefsina-Korinthos motorway. The work will be carried out as a Public-Private Partnership (PPP) by the Olympia Odos consortium, comprising Vinci, Hochtief, Aktor, J&P Avax and Athena.

Cambodia's road network requires at US$ 2.5 billion to implement the Government's 2006-2010 National Road Construction Masterplan, according to Sun Chan Thol, Minister of Public Works and Transportation, reports Chinese state news agency Xinhua.

The European Investment Bank (EIB) has provided a € 200 million, 37 year loan to Vinci Concession subsidiary Arcour to help finance construction of the A 19 motorway in France.

The World Bank has approved a US$ 80 million loan for the Dominican Republic to support the country's recovery efforts after Tropical Storms Noel and Olga, which hit the country at the end of 2007.

Taiwan's incoming premier Liu Chao-shiuan is looking to boost investment in its infrastructure sector, according to the country's Economic Daily News.

African politicians and financiers have met in London to discuss plans to build the largest and most powerful hydroelectric dam in the world, according to the UK's BBC news agency.