Latest News

Top Story

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

JICA to support $131m Indian port upgrade

Japan International Cooperation Agency will fund part of the $131 million upgradation of a port container terminal in western India

RWE JV secures financing for Greek solar batch

The joint venture of German utility RWE and its Greek counterpart Public Power Corporation has secured financing commitments for a first batch of solar projects in Greece, allowing the portfolio to progress to financial close

Welsh transport corridor planned

Transport for Wales, the Welsh government and Cardiff Council are seeking to develop a new public transport link between Cardiff Central and Newport Road, via the Cardiff Bay line and Porth Teig

HyGATE awards Oz-German hydrogen innovation

Four hydrogen collaborations have been awarded €40 million in conditional funding under the German-Australian Hydrogen Innovation and Technology Incubator to develop projects in Australia

Lima airport expansion approaches lift off

Peru’s Ministry of Transportation and Communications has announced that Lima’s Jorge Chávez International Airport’s new control tower and landing strip will become operational on 1 April 2023

Serbia to receive EU finance package

Vojvodina Province, Serbia, is set to receive a joint €14 million funding facility from the European Bank of Reconstruction and Development and the EU and European donors

AIIB considers $400m for China railway

Asian Infrastructure Investment Bank is considering a $400 million loan to the Chinese government for a railway section in the western Greater Bay Area

DEG, Proparco sign syndicated loan with AFC

Two European DFIs have signed with the Africa Finance Corporation (AFC) a 10-year, €150 million ($162.4m) loan facility.

IFC in frame for Moroccan captive solar loan

The International Finance Corporation is considering a €100 million green loan for Moroccan state-owned phosphate miner OCP’s €159.2 million, 202MWp captive solar project in the north African state

AIIB approves $378m for India road

Asian Infrastructure Investment Bank has approved $378 million to support the Chennai Peripheral Ring Road, which aims to improve economic connectivity and road transport efficiency in Tamil Nadu, eastern India

Sponsor dodges termination of São Paulo metro contract

The concessionaire of São Paulo’s Lines 8 and 9 of the Metropolitan Train System PPP, Viamobilidade, has avoided getting its contract terminated after meeting with the Governor of São Paulo state, Tarcísio de Freitas

Tunisia invites bids for 600MW of wind farms

Tunisia’s Ministry of Energy, Mines and Renewable Energies has invited bids for a combined 600MW of wind power capacity in the North African state

ADB approves $131m for Indian port upgradation

The Asian Development Bank and Nhava Sheva Freeport Terminal Private has signed a $131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal in Navi Mumbai, Maharashtra

Kexim, Riyad Bank lend on Jafurah cogen

The Export-Import Bank of Korea and Riyad Bank have signed a combined $435 million in loans for KEPCO’s SR2 billion ($533.3m), 320MW Jafurah cogen in Saudi Arabia

IFC mulls DRC telecom project loan

The International Finance Corporation is considering a $80 million debt package for a $208 million telecoms project sponsored by Africa-focused firm Eastcastle

Financing approved for Spanish transport revamp

Ferrocarrils de la Generalitat Valenciana, the state manager of the Valencian metro network, will receive a €300 million finance package from the European Development Bank to refurbish the Valencian transport system

IFC seeks Philippines airports PPP adviser

International Finance Corp, the financing arm of the World Bank group, is seeking a technical consultant to review 3 unsolicited PPP proposals submitted by Filipino conglomerate Aboitiz Group to upgrade, operate, and maintain 3 regional airports in the Philippines