(IN BRIEF) Flemish water utility De Watergroep has secured a €350 million loan from the European Investment Bank (EIB) to modernize Flanders’ drinking water infrastructure. The funding supports a comprehensive 2023-2038 plan aimed at reducing water leakage, expanding the network … Read the full press release
Posted in Banks, Belgium, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Belgium, De Watergroep, EIB, Flanders’ Drinking Water Network, Hans Goossens, modernization, partnership, Robert de Groot, sustainability
(IN BRIEF) Stadler has signed a contract with Metropolitano de Lisboa for the supply of 24 new metro vehicles, with an option for 12 additional units, in a deal worth €134 million. This agreement, witnessed by key Portuguese officials, marks … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Portugal, Spain, Switzerland, Technology, Transportation & Logistics
Tagged acquisition, Cristina Pinto Dias, Iñigo Parra, Maria da Graça Carvalho, Maria Helena Campos, Metropolitano de Lisboa, modernization, partnership, PORTUGAL, Stadler, sustainability
(IN BRIEF) The European Investment Bank (EIB) has provided a CZK 7.61 billion (€300 million) loan to České dráhy, the Czech Republic’s national railway operator, to modernize and expand its rail fleet. The funding will enable České dráhy to purchase … Read the full press release
Posted in Banks, Business, Czech Republic, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged České dráhy, Czech Republic, EIB, Kyriacos Kakouris, Lukáš Svoboda, modernization, partnership, rail transportation, safety, sustainability
(IN BRIEF) The European Investment Bank (EIB) has granted an additional €264 million to the ongoing redevelopment of Stockholm’s Slussen area, which aims to modernize infrastructure and enhance sustainability. This funding builds on an earlier €382 million loan and will … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology
Tagged EIB, modernization, partnership, Slussen Revamp, Sofie Nilvall, Stockholm, sustainability, Thomas Östros, urban development
(IN BRIEF) Stadler Signalling AG has entered into a partnership with Sihltal Zürich Uetliberg Bahn (SZU) to modernize SZU’s signalling systems by 2034 as part of the SZU_4.0 modernization initiative. The 34 million franc contract includes upgrading signal boxes and … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology, Transportation & Logistics
Tagged FLIRT-type S-Bahn trains, modernization, partnership, Peter Spuhler, signalling systems, Sihltal Zürich Uetliberg Bahn (SZU), Stadler, sustainability, Zurich Rail Network
(IN BRIEF) Ericsson has secured a major 5G contract with Chunghwa Telecom, Taiwan’s leading service provider, to modernize its mobile network with energy-efficient 5G Radio Access Network (RAN) solutions. The contract includes the deployment of cutting-edge technologies like the dual-band … Read the full press release
Posted in Artificial Intelligence (AI), Business, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology, Telecom
Tagged 5G network, AI, Chunghwa Telecom, David Chou, Dr. Chung Yung Chia, Ericsson, modernization, partnership, sustainability, Taiwan
(IN BRIEF) BAE Systems has been awarded a $177.8 million contract by the U.S. Navy to modernize and maintain the USS Halsey, an Arleigh Burke-class guided-missile destroyer. The contract, which could reach $225.5 million if all options are exercised, involves … Read the full press release
Posted in Business, Defence, Financial, Government, Industrial, Investment, Management, News, Security & Safety, Technology, United Kingdom
Tagged BAE Systems, Eric Icke, modernization, partnership, USS Halsey
(IN BRIEF) Colas CZ and Colas Rail have secured a €77 million contract to modernize an 8-kilometer railway line in Northern Bohemia, Czech Republic. The project, which will begin in September 2024 and finish in 2027, involves upgrading tracks, signaling … Read the full press release
(IN BRIEF) Cleareye.ai has partnered with Lloyds Bank to enhance trade finance operations through advanced AI technology. Starting this month, Lloyds Bank will use Cleareye.ai’s ClearTrade platform, which employs optical character recognition (OCR), machine learning, and natural language processing to … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged AI, Cleareye.ai, INDIA, Lloyds Bank, Mariya George, modernization, partnership, Rogier van Lammeren, trade finance
(IN BRIEF) Siemens Mobility has been awarded a €180 million contract by Ruhrbahn GmbH to modernize Europe’s largest light rail interlocking system in Essen and Mülheim an der Ruhr. By 2031, the project will replace outdated relay interlockings with advanced … Read the full press release
(IN BRIEF) Turkcell has successfully completed a trial of Ericsson’s 5G Cloud RAN technology, becoming one of the first telecom operators globally to explore this advanced solution. The deployment marks a significant step in Turkcell’s network modernization efforts, enhancing flexibility … Read the full press release
(IN BRIEF) Cathay Group’s order for 30 Airbus A330-900 aircraft underscores its commitment to fleet modernization and sustainability. These new aircraft will enhance Cathay’s operational flexibility and fuel efficiency, supporting its regional and long-haul routes while contributing to its net-zero … Read the full press release
(IN BRIEF) The Nordic Investment Bank (NIB) has entered into an uncommitted credit facility of EUR 100 million with the Wellbeing Services County (WSC) of North Savo, Finland, marking their second loan agreement. This 20-year loan is designated for the … Read the full press release
(IN BRIEF) Fortum embarks on a EUR 20 million investment to modernize the historic Malta hydropower plant in Uvån, Sweden, dating back to 1914. This extensive modernization aims to enhance the plant’s efficiency, extend its lifespan, and increase annual production … Read the full press release
(IN BRIEF) Eviden, a business within the Atos Group specializing in digital, cloud, big data, and security solutions, has been chosen by IGM Financial Inc., a prominent wealth and asset management company in Canada, for a one-year contract to transition … Read the full press release
Posted in Business, Financial, France, Government, Industrial, Investment, Management, News, Technology
Tagged Atos, CANADA, cloud migration, Ed Nemes, Eviden, IGM Financial Inc., modernization, partnership, Sam Burns
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is spearheading efforts to tackle water treatment and environmental challenges in Aktobe, Kazakhstan’s fourth-largest municipality, through the financing of a new wastewater treatment plant and associated infrastructure. With a sovereign … Read the full press release
Posted in Banks, Business, Construction, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Aktobe, EBRD, JSC Aqtobe Su-Energy Group, Kazakhstan, modernization, partnership, sustainability, wastewater treatment plant
(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
Posted in Banks, Business, Construction, Environment, Financial, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Netherlands, News, Technology
Tagged BNG Bank, EIB, ETZ Hospital, Gerard van Berlo, Healthcare, modernization, Netherlands, partnership, Rob Schreppers, Robert de Groot, sustainability
(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
(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
Posted in Banks, Business, Education, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Ambroise Fayolle, EIB, Europe Campus, expansion, France, INSEAD, modernization, partnership, Professor Francisco Veloso, Renovation EIB, 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
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