Japanese funding will help pay for the construction of a key bridge link in Sri Lanka. The Japan International Cooperation Agency (JICA) is providing a loan worth US$292.14 million for the bridge project. The new link will span the Kelani River.
October 12, 2015
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Japanese funding will help pay for the construction of a key bridge link in Sri Lanka. The Japan International Cooperation Agency (JICA) is providing a loan worth US$292.14 million for the bridge project. The new link will span the Kelani River.
Funding has been secured for a major highway project that will help revitalise Bosnia’s economy. The European Bank for Reconstruction and Development (EBRD) has signed a deal that will supply a finance package worth €210 million. Coming in the shape of a loan, this will be utilised to help pay for the Doboj ring road, which will form part of the Corridor 5C highway link.
A finance package from the African Development Fund (ADF) will help pay for works on a key road project in Ghana. The US$81.7 million loan will provide con-financing for work on Ghana’s Eastern Corridor project. Measuring 695km in all, the upgraded link will follow the course of the existing N2 route and will provide a better connection from Ghana’s capital, Accra, to the north of the country. Work is due to commence on the 54km stretch of the Eastern Corridor between Jasikan and Dod Pepesu.
Funding from the Middle East looks set to help develop new Indian highway projects. Some $15.6 billion from the Abu Dhabi Investment Authority (ADIA), a UAE-based sovereign wealth fund, will be directed towards highway projects in India. This will be used for 50 highway projects in India on a toll-operate-transfer (TOT) basis. The Indian Government is planning to award 104 highway projects under the TOT model that will allow investments by private equity firms, infrastructure developers and institutional in
