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Philippines approves 7 infras worth $2.49bn

Philippines' government, led by the Macros administration, has approved 7 infrastructure projects with a total investment value of $2.49 billion

Brazilian state to tender airport

Authorities in Brazil’s Tocantins state have announced a tender for the construction of an airport in the municipality of São Félix do Tocantins, about 260km from Palmas, the state capital

MIGA signs Somalian solar plus storage guarantee

World Bank Group-member MIGA has issued a $5.67 million guarantee to cover Norwegian renewables developer Kube Energy’s debt and equity in a 2.8MW solar hybrid project in Baidoa, Somalia

ADB supports Solomon Islands water supply project

Asian Development Bank has joined with the government of Solomon Islands and the World Bank for a water supply and sanitation project in the South Pacific

EXCLUSIVE Cambodia seeks partner for 7km waterway

Cambodia’s government officials met with SMBC this week for a waterway project, which involves construction of a 7km canal connecting the Bassac River to seaports in the south

NEOM hydrogen debt signing imminent

The NEOM Green Hydrogen Company is due to sign the debt for its $6.5 billion project on the Red Sea coast in Saudi Arabia

ADB to support DOTr to privatise Philippines rail projects

The Philippines Department of Transportation has signed 3 transaction advisory service agreements with the Asian Development Bank, agreements for the privatisation of the operations and maintenance of the Metro Manila Subway and the North-South commuter railway

Scatec, Norfund to spin off Upington solar

Norwegian renewables developer Scatec and DFI Norfund have signed with STANLIB Asset Management an R979 million agreement to sell a combined 60% stake in the 258MW Upington solar portfolio in South Africa

Greece-Egypt interconnector in works

Engineering firm McDermott is collaborating with Greek renewables company Eunice Energy Group to develop a 2GW electrical interconnector between Greece and Egypt

EXCLUSIVE Bangladesh road PPP – details revealed

The Tk33.03 billion PPP road being developed near the capital of Dhaka is nearing financial close with a few commercial lenders and multilaterals joining the long term debt facility

EBRD lends to Polish wind

EBRD has arranged a €37 million loan to finance the construction of an onshore wind farm in Poland

IFC names Puliti as VP for Asia

International Finance Corporation – a member of the World Bank Group – has announced today the appointment of Riccardo Puliti as its new regional vice president for Asia Pacific

BII appoints Chijiutomi as Africa head and MD

British International Investment has promoted Christopher Chijiutomi to the twin roles of managing director and head of its Africa department

Guinea-Bissau to sell off 80% stakes in telecom companies

Guinea-Bissau’s Ministry of Transport and Communications has announced that stakes of up to 80% in state-owned GuinéTelecom and GuinéTel will be offered to the market

Tivit creates data centre business

Brazilian-based tech company Tivit is splitting off its data centre business into a company called Takoda

EXCLUSIVE Flex called on CityFibre – back to market

The underwriters on the £4.9 billion CityFibre debt package have invoked the flex clause, repricing the deal after a failed syndication last year, IJGlobal has learned

JICA inks $90m for Bangladesh renewables

Japan International Cooperation Agency has signed a $90 million loan agreement with BRAC Bank, a Bangladeshi private commercial bank, to develop projects that meet the green finance requirements of state-owned Bangladesh Bank