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USDOT announces port grants

The US Department of Transportation will award $220 million in funding to improve port facilities in 15 states via the Maritime Administration’s Port Infrastructure Development Program

DFI mulls India solar loan

A development finance institution is assessing whether to provide a project company with a non-sovereign loan on a $151.5 million solar park in southern India

Umm al Hayman reaches financial close

A WTE-led consortium has reached financial close on the $1.8 billion Umm al Hayman wastewater PPP in Kuwait – six months on from signing the debt and becoming only the second PPP to close in Kuwait since 2008

Beijing Gas tenders EPC

Beijing Gas Group has tendered an EPC package as part of a nearly $3 billon LNG project in northern China

DEWA V debt signing next week

An ACWA Power-led consortium is set to sign the $450 million soft mini-perm debt package for the $570 million, 900MW fifth phase of the Mohammed Bin Rashid Al-Maktoum solar park

USTDA ends PNG hiatus

US Trade and Development Agency has awarded a grant to PNG Power to fund an implementation plan to bolster the resilience of Papua New Guinea’s power grid

EIB backs Swedish gigafactory

The European Investment Bank has signed a $350 million loan agreement to support the financing of Europe’s first home-grown gigafactory for lithium-ion battery cells – Northvolt Ett, in Sweden

AIIB welcomes Liberia to the team

The Asian Infrastructure Investment Bank (AIIB) now has 10 members across Africa and 9 prospective members with its board of governors having approved Liberia joining the bank

AIIB re-elects Jin as president

Asian Infrastructure Investment Bank has elected Jin Liqun to a second term as president of the multilateral development bank

US snaps up Kodak for pharma deal

The US International Development Finance Corporation (DFC) chief executive Adam Boehler will today sign a letter of interest to provide a $765 million loan to Eastman Kodak Company to support the launch of Kodak Pharmaceuticals

EBRD invests in Georgian transport infra

The EBRD has today extended a €5 million loan to Borjomi municipality of Georgia for improvements to transport facilities in the tourist district

IFTC launches TF fund

The International Islamic Trade Finance Corporation (ITFC) – member of the Islamic Development Bank (IsDB) Group – has launched a trade development fund (TDFD) with an initial target capital of $50 million

CDC boosts Africa TF potential

CDC Group, the UK’s DFI and impact investor, today announced an additional $75 million commitment to its existing trade finance facility with Absa Bank

EAIF to lend on Maria Gleta gas-fired in Benin

PIDG-member EAIF will sign with Nigerian power developer Genesis Holdings a €27 million loan for it €36 million, 25MW Maria Gleta gas-fired power project near Porto Nova, Benin

HSBC on Saudi’s first green ECA loan

HSBC acted as MLA, original lender and agent bank in a $258 million ECA loan for The Kingdom of Saudi Arabia’s ministry of finance

DFI eyes offshore wind

A development finance institution aims to boost its understanding of offshore wind financing, paving the way for future investment in the sector

Owner’s engineer sought for Djermaya solar IPP

An InfraCo Africa-led consortium has invited RFPs from firms for the owner’s engineering services for the first phase of the $70 million, 60MW Djermaya solar IPP located near the capital city of N’Djamena in Chad

India moves to restrict bidders from certain countries

India's Ministry of Finance has imposed new restrictions on bidders in any public procurement from "countries that share a land border with India", though countries to which the government extends lines of credit or development assistance are exempted. Market observers say the new rules apply in particular to Pakistan

DFI recruits lender’s technical

A development finance institution (DFI) has issued a request for expressions of interest by firms to assist on a portfolio of solid waste and sanitation projects in China