ATI ( www.ATI-aca.org ) has shown great resilience and posted a net profit growth of 43% and a Gross Exposure of USD 6.3 billion amidst the COVID-19 Global Pandemic; ATI is increasing its capital base and footprint across the African continent through support from the African Development Bank (AfDB), the European Investment Bank (EIB) and the German Development Bank (KfW); As it marks its 20 th Anniversary, the Nairobi based Pan-African insurer has pledged a more robust, reliable and transformational strategic approach to its business offerings.
The Kerala Paristhithi Aikya Vedi, a forum of environmentalists, has urged Chief Minister Pinarayi Vijayan to withdraw from the move to hurriedly execute the 529.45-km Kochuveli-Kasaragod semi-high sp
President Nana Akufo-Addo of Ghana, Werner Hoyer, President of the European Investment Bank, and Thomas Ãstros, Vice President, today formally agreed to EUR 170 million EIB backing for the new National Development Bank of Ghana.
The EIB backing represents the largest ever engagement in Ghana by the worldâs largest international public bank and most significant support for a national development institution in Africa.
Once operational in the coming weeks the National Development Bank of Ghana will increase access to long-term finance and boost job creation for thousands of businesses in key sectors, including agribusiness, manufacturing, ICT tourism, and other services across Ghana.
Nod for loan for SilverLine from external agencies
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₹33,700-crore loan for 529.45-km semi-high speed rail
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₹33,700-crore loan for 529.45-km semi-high speed rail
The National Institution for Transforming India (NITI Aayog), Department of Expenditure under the Union Finance Ministry, and the Ministry of Railways have accorded Kerala Rail Development Corporation Ltd. (K-rail) the nod for mobilising funds from multilateral and bilateral agencies for the 529.45-km semi-high speed rail ‘SilverLine’ from Kochuveli to Kasaragod.
With this, K-rail, the joint venture between the State and Railways for cost-sharing rail projects, can ‘pose’ the loan request for availing itself of ₹33,700 crore as per guidelines of Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), German Development Bank (KfW) and Japan International Cooperation Agency (JICA). Official sources told
Project gets recommendation from bodies concerned, including Dept of Expenditure under MoF
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As much as 1,383 hectares of land have to be acquired for the project for which around Rs 13,000 crore is required.
Express News Service
THIRUVANANTHAPURAM: The ambitious Silverline, semi high-speed rail project billed as the game-changer in Kerala’s infrastructure as well as economic growth, has moved an inch closer to reality with Railway Ministry and NITI Aayog - the government’s apex think tank - according sanction to the project. The project has received recommendation from bodies concerned, including Department of Expenditure under the Ministry of Finance.