Deals this week: Arab Bank for Economic Development, Brosamer & Wall JV, EIB
The Arab Bank for Economic Development in Africa (BADEA) has agreed to provide a $20m loan to the Government of Niger, which will use the funds to improve the standards of road transport network in Western African country, Niger.
It will also improve the connectivity to the land locked country with the neighbouring countries.
The loan will have an annual interest rate of 1% and a repayment period of 30 years, with an additional 10 years grace period.
As a part of State Route 4 / Balfour Road interchange improvement project, a BWBC joint venture comprising construction companies Brosamer & Wall and Bay Cities Paving & Grading has secured a $3.9m improvement contract from the US Contra Costa Transportation Authority (CCTA).
The contract marks the final element of the bypass project, which is being constructed for the last 16 years.
The scope of the contract includes provision of a new interchange at the junction of State Route 4 and Balfour Road in Brentwood and construction of a new structure to replace existing at-grade signals. Further, new on and off-ramps will be constructed to ease the congestion.
To enhance flood prevention and to promote sustainable mobility in Lisbon, the capital city of Portugal, the Portuguese government has announced a €100m ($108.78m) financing, through the European Investment Bank (EIB).
The project, will improve the road infrastructure in the city, requires an estimated €250m ($271.93m) investment.