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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

AIIB approves $150 million loan for Indonesia satellite PPP

Asian Infrastructure Investment Bank has today approved a $150 million loan to Satelit Nusantara Tiga, the project company for Indonesia’s multifunction satellite PPP, Satria satellite

IDB and partners to launch Latam infra observatories

Latin American-focused international institutions have partnered up to launch 3 data observatories that will help with infrastructure investments and policy planning, and aims to speed up development in Latin America and the Caribbean

Standard Chartered nails industry first

Standard Chartered has completed the first cross-border live transaction on Trusple, the newly-launched digital international trade and financial service platform of AntChain – the blockchain-based tech solution of Ant Group

Afreximbank promotes von Moltke

Afreximbank has promoted its head of syndicated loans – Constantine von Moltke – as its new director of syndications and agency

Japanese DFI signs grant for Kenyan power grid

JICA has signed with the government of Kenya a $17.8 million grant for a power grid improvement project in the vicinities of Nakuru and Mombasa

ITFC support the Maldives

The ITFC – a member of the Islamic Development Bank Group – has approved a $5 million Murabaha financing facility in favour of Bank of Maldives

DFI recruits financial adviser on India road

A multilateral development bank is recruiting a financial adviser on a $11 billion controlled-access expressway project in India

Indonesia speeds up Patimban port

Indonesia’s President Joko Widodo yesterday in a video conference said that the government is speeding up the development of the Patimban Port project phase 1 in Subang regency, West Java.

IsDB to finance road and water projects in Sierra Leone

The IsDB has approved up to $50 million in grants with the government of Sierra Leone for two separate projects to improve water supply in Freetown and build a new road to improve transport links with neighbouring Guinea

EIB extends deadline for Gaza desal legal advisory

The EIB has granted a deadline extension for the legal advisory role on the €580.3 million Desalination Plant and Associated Works Programme

Pakistan's first CPEC SEZ PPP closes

A new special economic zone in the northwestern province of Khyber Pakhtunkhwa has reached commercial close, making it the first SEZ to be developed under the China-Pakistan Economic Corridor framework

Myanmar partners with SN Power on hydro PPP

The Myanmar government has signed an agreement with Norway-based SN Power to co-develop the 735MW Middle Yeywa hydropower PPP on the Myitnge river in Shan State, Myanmar, IJGlobal has heard

Risk in Latin America

The main issue with Latin America is regulatory and political risk and if we can work around this there will be plenty of opportunity, according to industry insiders at IJLatAm 2020, IJGlobal's Latin America virtual energy and infrastructure conference to replace the Miami event

DFC eyes equity transactions in Latin America

The US International Development Finance Corporation (DFC) is considering deploying equity in Latin America, as it has done previously in other regions such as Southeast Asia

Hitachi abandons Welsh nuclear project

Hitachi is abandoning plans to build the Wylfa Newydd nuclear power plant in Anglesey, Wales, after failing to secure a clear funding package

Pandemic boosts social infra PPPs in Peru

The Covid-19 pandemic has highlighted Peru's need for greater investment in social infrastructure, which is driving the next round of public private partnerships to be awarded by ProInversion, the governmental PPP procurement agency.