Infrastructure

    • Biden passes $1.2tn infrastructure plan

      Biden passes $1.2tn infrastructure plan

      US Senate reached a long awaited deal that will pour massive funds in the infrastructure development of the country, BBC reported. The $1.2tn infrastructure plan is considered to be a key political victory for the President Joe Biden. "We have a deal," said the president after meeting the cross-party group of senators at the White House. Under the eight-year a finance scheme targeted at road construction, bridges, the power grid, public transport and internet will be implemented.

      82
    • EC adopts €4bn cashflow package

      EC adopts €4bn cashflow package

      The Commission announced on Tuesday a large Cohesion Policy investment, worth €4bn and targeted at 25 large infrastructure projects in 10 Member States, the EU press service reported. The package involves Bulgaria, the Czech Republic, Germany, Greece, Hungary, Italy, Malta, Poland, Portugal and Romania and covers a wide range of project areas: health, transport, research, environment and energy. With national co-financing, the total investment amounts to €8bn.

      580
    • Clean energy infrastructure gets €750m

      Clean energy infrastructure gets €750m

      The Commission released last Wednesday €750m of funding for key European energy infrastructure projects with major cross-border benefits. Supporting the construction of necessary infrastructure, contributes to the Commission's energy policy priorities of improving energy security, whilst giving consumers more choice, and spurring economic growth and jobs.

      432
    • EU invests in priority energy infrastructure

      EU invests in priority energy infrastructure

      Up to €800m will be invested in key European energy infrastructure projects with major cross-border benefits, after Member States voted on a Commission proposal, the EU press service reported. The funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure.

      392
    • China invests $327bn in infrastructure in 9 months

      China invests $327bn in infrastructure in 9 months

      China’s total fixed asset investment in transport infrastructure hit $327bn in the last 9 months - from January to September this year, up 1.4 percent from a year earlier - government data shows. Moreover, the value of fixed-asset investment projects approved in the third quarter of this year is more than four times the amount during the April-June period, figures prove.

      655