News Funding put in place for $2.8bn Philippines motorway The Philippines has secured nearly $2.8bn in loans for a 26km motorway along one of the country’s busiest corridors. The Asian Development Bank (ADB) will lend just under $1.7bn, the…
Trends Eurozone construction activity falls for 29th straight month Hamburg Commercial Bank’s latest survey of sentiment among construction’s purchasing managers has shown that the Eurozone’s industry remains obscured by gloom, with new orders continuing to fall as prices and…
News Sierra Leone launches $65m schools overhaul The Arab Bank for Economic Development in Africa (BADEA) will join other development lenders to finance a $65m programme to improve schools in Sierra Leone. The work will involve extending…
News EU agrees €430m loan for high-speed rail line in the Basque country The European Investment Bank (EIB) and publicly-owned Spanish infrastructure group Adif Alta Velocidad have agreed to loan €430m towards a 182km high-speed rail line in Spain’s Basque Province. The double-track…
News Shenzhen to buy unsold new homes for low-income renters Shenzhen has become China’s first tier-one city to announce plans to buy unsold homes from struggling developers to turn them into rentals for low-income people. It comes three months after…
News Foster’s tower set to be China’s first net-zero high-rise The 33-storey Z6 tower in Beijing, designed by UK architect Foster + Partners, aims to become China’s first high-rise office building to achieve the “Net Zero Carbon Outstanding” certification. Located…
News Foster-designed China Merchants Bank tops out in Shenzhen The China Merchants Bank Headquarters in Shenzhen, designed by UK-headquartered architect Foster + Partners, has topped out. Announced in 2019, the 350m-tall tower will contain 310,000 sq m of office…
News Honduras borrows $607m to upgrade highway system The Central American Bank for Economic Integration (CABEI) has approved a $607m loan for five projects aimed at improving Honduras’ road system. The loan will fund the Honduras Resilient Roads…
News African Development Bank makes $196m loan to improve Namibia’s railways The African Development Bank has loaned Namibia $196m towards the second phase of its Transport Infrastructure Improvement Project (TIIP). The money accounts for 52% of the total project cost; the…
News South African bank to set up $1bn green energy fund Standard Bank of South Africa (SBK) says it will launch a $1bn fund to promote the country’s transition to renewable energy. The bank will work on the project with Stanlib,…
News Work begins on Goldman Sachs’ $500m Dallas HQ Construction has begun on an 800,000 sq ft workspace and 1.5 acre urban park at investment bank Goldman Sachs’ Dallas Campus. Some 5,000 employees will work at the building, which…
News International lenders back $264m development project in Abia State, Nigeria International lenders have agreed to finance the lion’s share of a $264m project to improve roads, sanitation, and waste management in the Nigerian state of Abia. The state’s two main…
News World Bank invests $300m in West African solar The World Bank has approved a $311m finance package to support renewable energy generation in Togo, Liberia, Sierra Leone and Chad. The bank said the loans will be spent on…
News Asian Development Bank to lend India $1.2bn for power and transport schemes The Asian Development Bank (ADB) agreed on Tuesday to lend the Indian government $1.2bn to improve transport and energy infrastructure, the Economic Times reports. Quoting a statement from India’s finance…
News EU bank to mobilise $2.5bn for climate mitigation projects The European Investment Bank (EIB) is aiming to mobilise €2.5bn of investment in climate action projects in partnership with five private equity partners. The money will be spent on meeting…