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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

World Bank approves loan for Kenyan road and fibre optic project

The World Bank has approved a $750 million loan to finance part of the Horn of Africa Gateway Development Project which will upgrade the 748km Isiolo-Mandera road in Kenya’s Northeastern Province

Another consortium forms for Japan offshore wind

A 3-member, international consortium today announced it aims to bid on 2 of 3 offshore wind projects lined up for this year’s auction

NIB finances Norwegian fibre project

The Nordic Investment Bank has signed a €46.27 million loan for a fibre broadband rollout in Norway

Uzbekistan signs ADB run-of-river loan

Uzbekistan’s young state-owned hydropower developer has today signed a loan with Asian Development Bank to develop a $75.3 million portfolio of small hydropower plants in the southeast

World Bank appoints new country director in East Africa

The World Bank has appointed Keith Hansen as its new country director for Kenya, Rwanda, Somalia, and Uganda – he succeeds Carlos Felipe Jaramillo and will be based in Nairobi

Xodus scoops Oz hydrogen contract

Global energy consultancy Xodus Group won the Infinite Blue Energy (IBE) Group contract to carry out initial phase work for Australia’s first, large-scale, 100% green hydrogen plant

Germany supports Indian trade deal

KfW IPEX-Bank is enabling the export of construction machinery for Srei Equipment Finance Limited (SEFL) to India by providing a framework loan of €10 million

GuarantCo supports Tanzanian infra loan book

PIDG-member GuarantCo has signed with Tanzanian lender CRDB Bank a $50 million guarantee to support the bank’s infrastructure lending in the East African state

Myanmar new airport PPP back on track

Japan International Cooperation Agency is planning next month to submit the environmental impact assessment and draft report for the long-postponed Hanthawaddy International Airport PPP

Multilateral approves cornerstone investment

Asian Development Bank has approved a $25 million investment to finance a new mobile telecommunications network in Papua New Guinea, where only 11% of the population has internet access

Swedfund invests in solar off-grid fund

Swedfund has invested $12 million into the SunFunder-managed Solar Energy Transformation Fund which is expected to support the Swedish DFI’s aims of fostering solar off-grid in Sub-Saharan Africa and Asia Pacific

Campinas street light PPP advances

Brazil’s municipality of Campinas has scheduled the public consultation for its public lighting PPP project for 15 September (2020)

BNDES funds wind turbine factory

Brazilian development bank BNDES has approved a R37.5 million ($6.9 million) loan to wind turbine producer Aeris

KPMG to assist TNG with metals asset financing

Australian resource and mineral processing technology company, TNG, has appointed KPMG to assist with project financing for the stage 1 development of its Mount Peake Project

Mainstream closes Huemul financing

Irish developer Mainstream Renewable Power has reached financial close for the second phase of its 1.3GW Andes Renovables portfolio in Chile, the 630MW Huemul portion

ADB backs improving Uzbekistan's strategic road networks

Asian Development Bank yesterday approved a $274.2 million loan to reconstruct a part of a trade route in western Uzbekistan, fit an intelligent transport system along a busy highway and install weigh-in-motion facilities

EBRD signs loan to Moroccan utilities

The EBRD is providing a €300 million debt package for three state-owned utilities in Morocco to support their continued service delivery during the Covid-19 pandemic

ADB to revise energy policy and quit coal

Asian Development Bank's Independent Evaluation department has asked the bank to revisit its energy policy and formally withdraw from coal financing

IFC and FMO lend on FirstRand Bank’s climate financing

The IFC and the FMO have together signed with FirstRand Bank a $225 million debt package to enable the South African lender to on-lend to green energy-efficient and water projects