Tag Archives: modernization

ETZ Hospital Secures €115 Million Financing for Modernization and Sustainability Drive

(IN BRIEF) ETZ hospital has finalized a €115 million financing deal with the European Investment Bank (EIB) and BNG Bank to support the modernization of its St. Elisabeth location in Tilburg. This funding will facilitate the construction of a new … Read the full press release

EIB Approves PLN 2 Billion for ENEA’s Electricity Grid Modernization in Poland, Boosting Sustainability and Energy Reliability

(IN BRIEF) The European Investment Bank (EIB) has given its approval for a second loan tranche of PLN 1 billion to ENEA to support the modernization and renovation of the electricity distribution network in western Poland. This follows the first … Read the full press release

INSEAD Secures €60 Million Loan from EIB for Europe Campus Renovation

(IN BRIEF) INSEAD, the global business school, has signed a €60 million financing agreement with the European Investment Bank (EIB) to support its Europe Campus Reimagination project. The loan will facilitate the modernization and expansion of the INSEAD Europe Campus … Read the full press release

Voith and Schumacher Packaging Successfully Upgrade PM 2 in Poland for Doubled Production Capacity and Sustainability

(IN BRIEF) Voith and Schumacher Packaging have achieved the successful startup of PM 2 in Myszków, Poland, following a comprehensive modernization project. The rebuild, led by Voith, has doubled the production capacity of lightweight containerboard grades from 500 to 1,000 … Read the full press release

EBRD Grants $10 Million Loan to Atameken-Agro for Agricultural Modernization and Environmental Enhancement in Kazakhstan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Atameken-Agro, a leading agricultural holding in Kazakhstan, to support the modernization and environmental improvement of its agricultural machinery. This initiative aims to enhance … Read the full press release

Austria’s Comprehensive Air Defense Modernization Contract Awarded to Rheinmetall for €532 Million

(IN BRIEF) Austria’s Ministry of Defence has awarded Rheinmetall a contract worth €532 million (excluding value-added tax) for the comprehensive modernization of its existing Skyguard air defense systems, as part of its “Mission Forward” rearmament program. This ambitious project includes … Read the full press release

Accenture Partners with Bankdata to Modernize Capital Markets Platform in Denmark

(IN BRIEF) Accenture has entered into a multi-year agreement with Bankdata, a major fintech company in Denmark and the Nordic region, to transform and migrate its capital markets platform to the cloud. Bankdata will utilize Accenture’s Applied Technology and Operations … Read the full press release

Ericsson Partners with Appalachian Wireless to Bring 5G Connectivity to Rural Eastern Kentucky

(IN BRIEF) Appalachian Wireless, an East Kentucky Network (EKN) company, has selected Ericsson for a multi-year Radio Access Network (RAN) modernization project to bring 5G technology to underserved communities in eastern Kentucky. This partnership aims to bridge the digital divide … Read the full press release

Catalyzing Green Energy: EIB Commits €700 Million for Naturgy’s Power Network Upgrade in Spain

(IN BRIEF) The European Investment Bank (EIB) has approved a €700 million loan to support the expansion and modernization of Naturgy’s electricity distribution network in Spain. The first tranche of €500 million has been signed in Madrid, and the project … Read the full press release

AF Gruppen Secures SEK 134 Million Contract for Busör Sewage Treatment Plant Modernization

(IN BRIEF) AF Gruppen, a construction and engineering company, has been awarded a contract worth SEK 134 million (excluding VAT) for the construction and modernization of the Busör sewage treatment plant in Halmstad municipality. The project, undertaken as a turnkey … Read the full press release

EIB Provides €50 Million for Bocconi University Campus Upgrades and Decarbonization

(IN BRIEF) The European Investment Bank (EIB) has signed a €50 million loan agreement with Bocconi University in Milan to support the modernization and decarbonization of its campus facilities. This initial tranche of €30 million will fund the construction, renovation, … Read the full press release

Terna Modernizes Naples Metropolitan Area’s Electricity Grid with Sustainable Technology

(IN BRIEF) Terna, Italy’s national grid operator, is continuing its modernization efforts for the electricity grid in the metropolitan area of Naples. This phase involves replacing a 5 km underground cable with a more reliable and sustainable XLPE (cross-linked polyethylene) … Read the full press release

BAE Systems Unveils Armored Multi-Purpose Vehicle (AMPV) at DSEI 2023, Highlighting Its Role in U.S. Army Modernization

(IN BRIEF) BAE Systems is set to debut the Armored Multi-Purpose Vehicle (AMPV) at DSEI 2023, presenting its capabilities and future growth potential to U.S. allies and NATO partners. The AMPV, recently approved for full-rate production, serves as a foundational … Read the full press release

Annual Outage Initiates at Fortum’s Loviisa Nuclear Power Plant for Maintenance and Modernization

(IN BRIEF) Fortum’s Loviisa Nuclear Power Plant in Finland is preparing for its annual outage, commencing with Unit 2 on August 20th, followed by Unit 1. Both units will undergo a brief refuelling outage lasting approximately 37 days. This maintenance … Read the full press release

BAE Systems and Parsons Join Forces for Holston Army Ammunition Plant Modernization and National Security Enhancement

(IN BRIEF) BAE Systems Ordnance Systems Inc. is collaborating with Parsons Corporation to undertake the modernization of the Holston Army Ammunition Plant, as they seek to become the operating contractor until 2035. BAE Systems will bring its expertise in program … Read the full press release

ESSP Selected as Service Provider for Iris Air Traffic Modernization Program

(IN BRIEF) ESSP (European Satellite Services Provider) has been appointed as the service provider for the groundbreaking Iris air traffic modernization program. Led by the European Space Agency (ESA), Iris utilizes digital satellite communications to enhance collaboration between pilots and … Read the full press release

Saint-Gobain to Invest $235 Million in Palatka Facility for Gypsum Production Expansion and Modernization

(IN BRIEF) Saint-Gobain North America has announced plans to invest $235 million in its CertainTeed gypsum manufacturing facility in Palatka, Florida. The investment will focus on expanding and modernizing the facility, increasing its production capacity and improving energy consumption. The … Read the full press release

US Customs and Border Protection Selects Accenture Federal Services for $380 Million IT Infrastructure Contract

(IN BRIEF) Accenture Federal Services (AFS) has won a $380 million contract from the US Customs and Border Protection (CBP) for IT infrastructure operations and modernization services. The deal will involve providing comprehensive technology support across multiple CBP programs, including … Read the full press release

Czech Republic: Skanska to upgrade the old D1 Motorway under CZK 1.4 billion agreement

(PRESS RELEASE) STOCKHOLM, 22-Jan-2020 — /EuropaWire/ — Construction and development company, Skanska, is set to modernize the 14-kilometer D1 motorway in Czech Republic under the CZK 1.4 billion (SEK 580 million) contract with the Road and Motorway Directorate.  The oldest … Read the full press release

Hydro: Contemporary, Greener building for Ticon

(PRESS RELEASE) OSLO, 20-Jan-2020 — /EuropaWire/ — MODERN TICON BUILDING – The historic Ticon Building in Drammen, Norway has undergone modernization integrating Hydro’s low-carbon recycled CIRCAL aluminum but retaining its original architectural design. The Ticon Building, built in 1963, has … Read the full press release

thyssenkrupp Materials Services to modernise and expand its European warehousing and logistics network with 70 million euros investment

(PRESS RELEASE) ESSEN, 19-Aug-2019 — /EuropaWire/ — thyssenkrupp Materials Services announces investment of around 70 million euros in the modernization and expansion of its European warehousing and logistics network. thyssenkrupp Materials Services will build a state-of-the-art logistics center and new … Read the full press release

Deutsche Telekom completes 1st phase of the nearshore rollout

(PRESS RELEASE) BONN, 18-Feb-2019 — /EuropaWire/ — Deutsche Telekom completed the first of three tranches of the nearshore rollout. Providing 3,152 nearshore areas across 2,855 local networks and around 1,700,000 households now benefit from faster internet connections with Speeds of … Read the full press release

The ŠKODA AUTO Kvasiny plant to undergo the most comprehensive modernization and expansion in its history; annual production will increase to more than 300,000 units

ŠKODA AUTO Kvasiny plant opens multifunctional competence centre Testing and quality centre, logistics centre, storage areas for pre-series vehicles and event hall in one facility Production capacity set to rise to more than 300,000 vehicles per year KVASINY,  Czech Republic, … Read the full press release

Silversea Group’s ultra-luxury cruise ship Silver Spirit undergoes modernization at Fincantieri shipyard in Palermo

For the first time a ultra-luxury ship undergoes modernization activities TRIESTE, 19-Mar-2018 — /EuropaWire/ — Lengthening works on Silver Spirit, ultra-luxury cruise ship of the Silversea Group, began at Fincantieri shipyard in Palermo in the last days, with a 15-meter section … Read the full press release

Skanska signed with Vasakronan to renovate property Klara C at the central station in Stockholm, Sweden

Skanska has signed a contract with Vasakronan on renovation and modernizing of the property Klara C, opposite to the central station in Stockholm, Sweden. The contract value is about SEK 800 M, which will be included in order bookings for … Read the full press release