Latest News

Top Story

Kazakhstan’s first PPP reaches financial close

The project company of a 66km ring road around Almaty, Kazakhstan has reached financial close on a $585 million debt financing, following nearly 7 months of clearing conditions precedent

InfraCo Africa to invest in Bumbuna II hydro

PIDG-member InfraCo Africa has signed with London-based renewables developer Joule Africa an agreement to invest $6 million into the $650 million, 143MW Bumbuna II hydropower project in Sierra Leone

Alaoui joins IFC

Mehdi El Alaoui has left his long-term position at Credit Agricole to join the IFC as investment officer (July 2020), based in Morocco

Raft of ECAs lined up for Mozambique LNG

The UK Export Finance (UKEF), US EXIM Bank, the Japan Bank for International Co-operation (JBIC) African Development Bank (AfDB) and the Thai Export-Import Bank (EXIM) are all providing direct loans to the Total-led Mozambique LNG project

UK government mulls Green Investment Bank 2.0

The UK government is planning to recreate the Green Investment Bank to help fund technologies and infrastructure for the advancement of the 2050 net zero emissions target

DFI-backed financing emerges on China solar

A development finance institution (DFI) has disclosed its participation in arranging debt and syndication for a private sector company to develop its first grid parity projects in China

ADB appoints new vice-president

The Asian Development Bank (ADB) on 15 July (2020) appointed Ashok Lavasa as vice-president for private sector operations and public-private-partnerships

UK ramps up TF efforts

The UK National Audit Office (NAO) this week published its report into the effectiveness of the Department for International Trade (DIT) and UK Export Finance (UKEF) in delivering services to boost UK exports

APAC organisations collaborate to streamline project finance

An infrastructure platform backed by Enterprise Singapore and Monetary Authority of Singapore and an Asia Pacific-focused trade association are partnering on a consultation to benefit the project finance market

Greenlink Interconnector shifts forward

The Greenlink Interconnector bridging Ireland and the UK's electricity systems has been granted planning consent by the Pembrokeshire Coast National Park Authority for the project's onshore works in Wales – with the project's debt financing process already underway

MDB bides its time on Pakistan rail advisory

A multilateral development bank (MDB) has postponed its rail study in southeastern Pakistan, as Pakistan Railways awaits proposals from potential advisers on another rail PPP in Sindh

EBRD on the cusp with Algeria

The EBRD has validated Algeria’s membership request, the first stage in the process towards its full acceptance as member of the financial institution

EIG staffer joins development bank

A senior vice president at EIG Global Energy Partners has joined the US government's development finance arm

DFIs support Moldova rail

The EIB, EBRD and the EU are supporting Moldova in its acquisition of rolling stock to upgrade rail sets in the country and improve trade and economy

Nigerian inland dry port preferred bidder nears signing

The Chinese preferred bidder for an inland dry port PPP in Nigeria is close to finalising negotiations with the government counterparty, it has emerged

New secretary general for Dutch infra

Jan Hendrik Dronkers has been appointed secretary general to the Dutch Ministry of Infrastructure and Water Management, a role that becomes effective 1 September

Zijin, Barrick turn to World Bank disputes centre for PNG mine

A joint venture between Zijin Mining Group and Barrick Gold have initiated conciliatory proceedings with the World Bank International Centre for Settlement of Investment Disputes (ICSID), in the dispute with the Papua New Guinea Government in relation to Porgera Gold Mine

Financing on track for Taiwan offshore

Banks, ECAs and non-bank financial institutions have provided initial feedback on the parameters of a financing package of a 350MW offshore wind farm under development off the coast of north-western Taiwan, following the launch of the RFPs last month

TFAB office bearers identified

The Trade Finance Association of Bankers (TFAB) held its 23rd annual general meeting at the earlier this year in Sri Lanka and is now revealing its line-up of office bearers for the current financial year