All Funding & Development loans Articles

Bogotá plans US$ 22.2 billion development plan
The Colombian capital of Bogotá's city council has approved a COP 38.8 trillion (US$ 22.2 billion) development plan, according to local press reports.
IDB approves financing deal for São Paulo's Metro Line four project
A two-phase US$ 128.9 million finance deal has been approved by the Inter-American Development Bank (IDB) for the São Paulo Metro Line four project, according to a news report.
Loan worth US$ 110 million proposed for South American road scheme
Argentine president Cristina Fernández and the Andean Development Corporation (CAF) have signed a US$ 110 million loan for the Argentina-Paraguay road integration programme, the government said in a statement.
IDB approves Bahamas road loan
The Inter-American Development Bank (IDB) is to provide a US$ 100 million loan to The Bahamas to support measures designed to improve road transport links on the island of New Providence. New Providence, home to 69% The Bahamas population and its capital city, Nassau, has 1600 km of roads. The majority are paved and in an "adequate condition", but the network's capacity is insufficient for its growing volume of traffic.
Cambodia's roads need US$ 2.5 billion
Cambodia's road network requires at US$ 2.5 billion to implement the Government's 2006-2010 National Road Construction Masterplan, according to Sun Chan Thol, Minister of Public Works and Transportation, reports Chinese state news agency Xinhua.
Dominican Republic aid package
The World Bank has approved a US$ 80 million loan for the Dominican Republic to support the country's recovery efforts after Tropical Storms Noel and Olga, which hit the country at the end of 2007.
China to boost Taiwan infrastructure
Taiwan's incoming premier Liu Chao-shiuan is looking to boost investment in its infrastructure sector, according to the country's Economic Daily News.
Africa plans world's biggest dam in DR Congo
African politicians and financiers have met in London to discuss plans to build the largest and most powerful hydroelectric dam in the world, according to the UK's BBC news agency.
African development funding
The African Development Bank (AfDB) and Fund (AfDF) have approved loans and grants totalling nearly US$ 360 million to finance infrastructure and other projects in different parts of the continent.
4 GW Gujarat power plant
The Asian Development Bank (ADB) has leant US$ 450 million to Coastal Gujarat Power Limited (CGPL), a subsidiary of Tata Power, to help build and operate the Mundra Ultra Mega Power Project.
IDB loans up +22%
The Inter-American Development Bank (IDB) lent US$ 6.4 billion to 127 projects in 2006, a +22% increase on the previous year, according to its latest annual report.
JBIC to finance Vietnam's first elevated railway
The Japan Bank for International Cooperation (JBIC) is to loan over US$ 1.2 billion to finance the Giap Bat-Gia Lam Elevated Railway Project, according to an agreement signed by the bank and Vietnam's Ministry of Finance in Tokyo this week.
Growth boost
The Brazilian Government's BRL 504 billion (US$ 257 billion) Growth Acceleration Plan (PAC) aims to renew investment in the country's roads, ports, airports, housing, energy and sanitation sectors in a bid to accelerate economic growth. Richard High reports.
Plan for new road link
The Asian Development Bank (ADB) is helping Mongolia to fund a road project which aims to link the nation's western region with China and Russia, the ADB said in a statement.
Mexican highway funding secured
The Mexican government is to invest MXN 12 billion (US$ 1.11 billion) in an effort to fast-track the modernisation of the Durango-Mazatlán highway, according to a report in local paper El Semanario.
Infrastructure boost for Ontario
Ontario’s municipalities are to receive an extra CA$ 150 million (US$ 151 million) to build roads, repair sewers and improve other public infrastructure.
Transport blueprint
US infrastructure investment needs to more than double current levels, says the latest report from the US Congress' 12-member National Surface Transportation Policy and Revenue Study Commission.
Modern-day 'Silk Road'
Eight countries in Central Asia have signed–up to a US$ 18.7 billion strategy to develop transport infrastructure in the region. Afghanistan, Azerbaijan, China, Kazakhstan, Kyrgyz Republic, Mongolia, Tajikistan and Uzbekistan, supported by the Asian Development Bank (ADB) and other lending institutions, want to make the region a vital transit route for trade between Europe and Asia – a modern–day equivalent of the ancient Silk Road.
Rail for resources
The Congo has signed a deal with a Korean–led consortium to construct 1500 km of new railways and renovate an existing 500 km line in the Central African state.
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