IDB finances new development projects

By Sarah Ann McCay15 November 2012

The Islamic Development Bank (IDB) has pledged US$ 753 million in financing for new development projects in IDB member countries and Muslim communities in non-member countries.

Projects to receive funds from the bank include a second-phase contribution of US$ 250 million towards the South Helwan Power Plant Project in Egypt (thereby raising the Bank’s financing to US$ 450 million to the same project), US$ 100 million for the second phase of Emirates Aluminium (EMAL) Project, and US$ 61 million towards upgrading the North Dakar Expressway in Senegal. 



Other development projects that were allocated financing included: US$ 20 million for infrastructure in Sierra Leone; US$ 20.3 million for rainwater harvesting in White Nile, South Kordofan, Sinnar and Darfur States, Sudan; US$ 1 million for capacity building and providing equipment for the Ministry of Planning, Cote d’Ivoire; US$ 10 million for reconstruction of the Taraz-Talas Suusamyr
Road – Phase III and US$ 6 million from the ISFD for Sustainable Villages Program in Kyrgyzstan. 



MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
10 ways to join the hydrogen power revolution
Interest in the use of hydrogen has soared over the past few years as the construction industry races to reduce its carbon footprint. We roundup some recent initiatives
Telescopic boom lifts - the trends
Higher capacities and 100% electric models are the trend. And what lies ahead for 200ft models, or above?
How construction can become sustainable
The construction industry is undergoing a transformative shift to adapt more environmentally friendly practices
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA