Loan agreement – A Pair Of http://apairof.com/ Tue, 23 Nov 2021 13:22:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://apairof.com/wp-content/uploads/2021/10/icon-33-120x120.png Loan agreement – A Pair Of http://apairof.com/ 32 32 Second loan agreement signed for Üçyol Buca metro https://apairof.com/second-loan-agreement-signed-for-ucyol-buca-metro/ Tue, 23 Nov 2021 13:22:02 +0000 https://apairof.com/second-loan-agreement-signed-for-ucyol-buca-metro/ Second loan agreement signed for Üçyol Buca metro The second Buca metro loan agreement, which will be built by the Izmir Metropolitan Municipality with its own resources, was signed with the French Development Agency (AFD). President Soyer said that the Üçyol-Buca metro, which will be the biggest investment in the history of Izmir, is not […]]]>
Second loan agreement signed for Üçyol Buca metro

The second Buca metro loan agreement, which will be built by the Izmir Metropolitan Municipality with its own resources, was signed with the French Development Agency (AFD). President Soyer said that the Üçyol-Buca metro, which will be the biggest investment in the history of Izmir, is not only an investment in the metro and infrastructure, and said: “Our investments also mean money. work, food and breath for the economy of Izmir in this very difficult time period of our country. We are proud to have signed EUR 125 million project funding in this difficult Turkish economic agenda.

The Izmir Metropolitan Municipality has signed an external financing agreement of 125 million euros with the French Development Agency (AFD) after the European Bank for Reconstruction and Development (EBRD) for the Üçyol-Buca metro, which will be the biggest investment in the city’s history. The foreign financing contract, for an amount of 4 million euros, with a total maturity of 12 years, 125 years without repayment in principal, without guarantee from the Treasury, was signed by the mayor of the metropolitan municipality of Izmir Tunç Soyer and the French Ambassador to Turkey Hervé Magro and AFD Balkans, Middle East and Asia Director Philippe Orliange.

The Mayor of the Metropolitan Municipality of Izmir Tunç Soyer, the Mayor of Buca Erhan Kılıç, the French Ambassador to Turkey Hervé Magro, the Director of the Balkans, Middle East and Asia of the French Development Agency Philippe Orliange, Secretary General of Izmir Metropolitan Municipality Dr. Buğra Gökçe, Deputy Secretary General of Izmir Metropolitan Municipality Eser Atak, zmir Metro A.Ş Director General Sönmez Alev, Head of Municipality Purchasing Department Metropolitan Izmir Övünç Özgen, French Development Agency Turkey Deputy Director General Emilie-gang Huang, Senior Project Manager Urban Development AFD Ali Doğan Şalva was present.

“We are resolutely responding to the city’s infrastructure needs”

Speaking at the ceremony, Izmir Metropolitan Municipality Mayor Tunç Soyer stressed that Izmir has received very little investment from central resources, but they are determined to address infrastructure needs. of the city with the possibilities of the metropolitan municipality. Recalling that even in such a difficult time, they continue to work with international development financial institutions for the largest and most important project in the history of Izmir, the Buca metro, and other projects, the mayor from Izmir Metropolitan Municipality, Tunç Soyer, said: “Today, one more step towards the realization of the Buca metro, the most important investment in our city. I am happy to approach. Despite the unfavorable economic conditions both in our country and in the world, the provision by our municipality of this great financing on very favorable terms is an indication of the world’s confidence in Izmir. As we know, as part of the construction and construction part of the Buca metro project, we signed an external financing agreement with the European Bank for Reconstruction and Development (EBRD) in the amount of 125 million d euros last July. Today, we are proud and happy to sign a financing agreement with the French Development Agency for 125 million euros, with a maturity of 4 years, including 12 years of deferred amortization, without Treasury guarantee. .

Solution to Buca’s transport problem

Stating that the project will not only radically solve the traffic problem of Buca, the most populous district of the city, but will also contribute to the achievement of employment, education and all basic services, Soyer said. : “With the promotion of low-carbon transport. in harmony with nature, it will increase the quality of life in Izmir by reducing air pollution. We signed a € 112.4 million contract between AFD and our Municipality, and € 49.8 million between our IZSU general management, for a total of € 162.2 million. With the loan agreement of 125 million euros that we will sign today, we will have achieved a total cooperation of 287.2 million euros. It is very valuable that we have brought such a large amount of foreign investment into our country. Because these investments are not limited to the construction of metro and infrastructure. Our investments also mean work, food and breath for Izmir’s economy at this very difficult time in our country, “he said.

At the start of 2022, the pickaxe will be knocked down.

The mayor of Izmir Metropolitan Municipality, Tunç Soyer, said that the tender for the construction of the Buca metro has been launched and that the review process is continuing, and said: “We are planning to ” announce the result of the call for tenders on December 15. In the first days of January, we will experience the pride of laying the groundwork together. “

“This will serve as an example for what the two countries will do”

Declaring himself very happy that France has supported this project with the participation of AFD, the French Ambassador to Turkey Hervé Magro declared: “This project mainly aims to offer a reliable, accessible and inclusive transport experience to the city dwellers of all ages, genders, socioeconomic status and physical abilities. It is a socially beneficial project because it will allow people to live. Second, it will increase the access of city residents to key points of interest such as universities, healthcare facilities and recreation areas in a more transparent and efficient manner, saving them considerable time. Third, the Buca Metro will significantly contribute to Izmir’s carbon footprint targets by reducing climate-damaging carbon emissions, and Izmir’s air pollution targets by reducing other air pollutants harmful to health. public. In short, this project is an example of what two countries can achieve when our institutions work in harmony. Dear Mayor of Izmir Metropolitan Municipality, I hope that soon we will have more opportunities to develop projects of this quality. You can count on the constant support of the French Embassy in Ankara and the French Consulate General in Istanbul.

“Izmir is one of our most important partners”

Recalling that the majority of the world’s population prefers to live in cities, Philippe Orliange, Director of the Balkans, Middle East and Asia of the French Development Agency, said: “Turkey is urbanizing rapidly. For this reason, a large number of investment needs arise from the infrastructure to the superstructure. Izmir is one of our most important partners. This is our fifth loan agreement that we have implemented in Izmir. The fact that we sign contracts without Treasury guarantees shows Izmir’s financial strength for AFD. Referring to the importance of investments in the rail system for the global climate fight, Orliange said: “The climate fight is an important step for Turkey and the world. It is very valuable that this project comes to life after the Glasgow Summit, where the President gave a remarkable speech. I can’t imagine what it would be like to be mayor of a city of over 4 million people. In this sense, I congratulate you on the socio-cultural investments you have made, your solid management of economic policy and the strong diplomacy you have established with France.

External funding of 490 million euros

The Soyer Üçyol-Buca metro line of the Mayor of the Metropolitan Municipality of Izmir signed a € 125 million external financing agreement with the European Bank for Reconstruction and Development (EBRD) in July. An authorization agreement was signed with the Asian Infrastructure Investment Bank (AIIB) for 125 million euros and with the Black Sea Trade and Development Bank (BSTDB) for 115 million euros. Thus, an international investment of 490 million euros was brought to the city. Kazanyell.

Strong business structure

Soyer also answered questions from reporters during the ceremony. Noting that the municipality had an external debt of 31 million euros when he took office in March 2019, 790, Tunç Soyer said: “Our municipality, our subsidiaries and our companies had an external debt of 31 million. euros when we took office in March 2019, 790 This amounted to 2021 million euros at the end of October 923. In other words, there is a total of 17% of borrowings in foreign currencies. But in the same period, we made a debt payment of 351 million euros. In addition, it is the period of the pandemic and the earthquake. I said this for; Izmir Metropolitan Municipality has a very safe and secure budget. For 20 years, it has actually been a resilience brought about by life and the political situation, the ability to stand up. The will not to be destroyed whatever the conditions, to continue to develop and advance the city, and the institutional structure formed in relation to this. So of course we are concerned. The euro, which was 2019 TL at the end of March 6.24, is 18 TL on November 12.34, 2021. There is a 97% increase between the two, ”he said.

I am proud

Stating that Izmir Metropolitan Municipality has an additional debt burden of Lit 3.1 billion due to this exchange rate hike, Soyer said: percent. In summary, as an institution which has managed to maintain this despite all this picture and the difficulties Turkey is going through, I am proud both of my colleagues and of the solid structure of the institution. If it were otherwise, we would not be signing this today. If we can sign this today, it is a work of mutual trust. Therefore, we have no anxiety or fear. We are moving forward in a way that allows us to better build the future.

It will provide driverless service.

The line, which is the 5th stop in Izmir’s tram system, will run between Üçyol Station and Dokuz Eylül University Campus in Tınaztepe-Çamlıkule. The length of the line, which will be built with the deep tunnel technique (TBM / NATM) using the TBM machine, is 13.5 kilometers and 11 station areas have been determined. Starting with Üçyol, the line will include Zafertepe, Bozyaka, General Asım Gündüz, Şirinyer, Buca Municipality, Kasaplar, Hasanağa Garden, Dokuz Eylül University, Buca Koop and Çamlıkule respectively. The Buca line will be integrated into the 2nd stage line connecting Fahrettin Altay-Bornova to Üçyol station and the İZBAN line to Şirinyer station. Trains on this line will serve without a driver. It is expected that the work will be completed within four years of the start of production.


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Blue loan agreement adopted | Amandala Journal https://apairof.com/blue-loan-agreement-adopted-amandala-journal/ https://apairof.com/blue-loan-agreement-adopted-amandala-journal/#respond Sat, 30 Oct 2021 00:03:17 +0000 https://apairof.com/blue-loan-agreement-adopted-amandala-journal/ BELIZE CITY, Wed October 27, 2021 – Yesterday Prime Minister John Briceño officially presented the Blue Bond Loan Bill to the House of Representatives to initiate the historic purchase, repurchase and cancellation of what is known as the Superbond , with a 45% discount for the country – ceding savings of nearly one billion BZD. […]]]>

BELIZE CITY, Wed October 27, 2021 – Yesterday Prime Minister John Briceño officially presented the Blue Bond Loan Bill to the House of Representatives to initiate the historic purchase, repurchase and cancellation of what is known as the Superbond , with a 45% discount for the country – ceding savings of nearly one billion BZD. (over 700 million BZ dollars).

In early September of this year, the government initially launched a process to solicit the consent of bondholders for a buyout that would be funded through an innovative deal with Nature Conservancy, and to date the government has revealed that 87.4% of bondholders have submitted offers – far more than the qualified majority of 75% needed to make the deal go through.

“This motion, along with a 2021 blue bond loan bill also tabled today, is a decisive first step in my administration’s march towards public debt sustainability,” the Prime Minister said. Briceño in the House.

This agreement, now in its final phase, will provide a loan of up to $ 365,000,000 to the Government of Belize from Belize Blue Investment Company LLC, the organization created by Nature Conservancy to facilitate the disbursement of the loan to the government. .

Prime Minister Briceño explained: “The money to repay the Superbond will come from the Blue Bonds, a funding mechanism created by The Nature Conservancy and their banker Credit Suisse. Belize will access three hundred and sixty-three million US dollars of these bonds for the following purposes: three hundred and one million for the expected redemption of the Super Bond; twenty-four million to pre-finance an endowment account for marine conservation; € 18 million reserved as original issue discount to facilitate a lower interest rate during years of annual repayment; ten million as a debt service reserve account and ten million to help cover the costs of closing the transaction.

According to the Prime Minister, the country will pay an interest rate of around 6% on the Blue Bond loan. This loan is repayable over 9 years, from April 20, 2032, with 18 equal semi-annual installments and a final installment in April 2040.

As a result of this Blue Bond deal, the government will reduce its total debt service spending by US $ 315 million.

As part of this loan agreement, the Government of Belize is to, as mentioned, enter into a conservation fund agreement whereby it will commit to pre-finance an account in the amount of US $ 24 million for marine conservation purposes. The GOB must also meet retention milestones and meet commitments set out in the agreement or be subject to penalties.

“If on a Quarterly Payment Date, the Government of Belize has not met one or more retention milestones within the applicable grace period (each, a ‘retention event’), make a payment equal to $ 250,000 plus an amount equal to $ 50,000 multiplied by the number of custody events that have occurred and are continuing from that quarterly payment date, ”indicates the loan resolution.

A side deal was also made as part of the loan agreement, but details were not provided.

The Leader of the Opposition, the Hon. Patrick Faber and the other opposition members in the House supported the motion, but pointed out when they addressed the House that they had not seen certain documents regarding the Blue Loan Agreement and resolutions tabled in the House. Hon. Faber complained that they did not receive all of the documents until the morning the House meeting was to take place and that these documents were still incomplete.

A TNC statement released last week said, “TNC would like to thank the government for its efforts to negotiate conservation commitments that recognize the critical role that the Belize Ocean plays for the Belizean people, their livelihoods and economy in general. We look forward to the results of the bipartisan review in the National Assembly and the Senate in the coming days. “

A Senate meeting is scheduled for Thursday, October 28, according to the Belize government press office.


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Newsom and Buttigieg announce multibillion loan deal to improve shipping infrastructure at Los Angeles and Long Beach ports – CBS Los Angeles https://apairof.com/newsom-and-buttigieg-announce-multibillion-loan-deal-to-improve-shipping-infrastructure-at-los-angeles-and-long-beach-ports-cbs-los-angeles/ https://apairof.com/newsom-and-buttigieg-announce-multibillion-loan-deal-to-improve-shipping-infrastructure-at-los-angeles-and-long-beach-ports-cbs-los-angeles/#respond Thu, 28 Oct 2021 21:14:00 +0000 https://apairof.com/newsom-and-buttigieg-announce-multibillion-loan-deal-to-improve-shipping-infrastructure-at-los-angeles-and-long-beach-ports-cbs-los-angeles/ LOS ANGELES (CBSLA) – A multibillion-dollar loan deal was announced Thursday between the state and the US Department of Transportation to fund infrastructure improvements to help remove the shipping bottleneck at the ports of Los Angeles and Long Beach. The partnership will allow California to accelerate work on port-specific upgrades, increase freight rail capacity, develop […]]]>

LOS ANGELES (CBSLA) – A multibillion-dollar loan deal was announced Thursday between the state and the US Department of Transportation to fund infrastructure improvements to help remove the shipping bottleneck at the ports of Los Angeles and Long Beach.

The partnership will allow California to accelerate work on port-specific upgrades, increase freight rail capacity, develop inland port facilities to expand warehouse storage, and modernize highways to improve truck travel times, including around San Pedro Bay and in the Inland Empire. The loan will also help start construction of electrifying railway stations and trucks, establish land ports of entry to expand trade capacity and cross-border commerce, and make level crossings safer and more efficient.

READ MORE: Newsom abruptly cancels United Nations Climate Conference trip, cites “family obligations”

“California’s ports and infrastructure system are critical to the nation’s supply chain,” Governor Gavin Newsom said in a statement. “Through our collaboration with the Biden-Harris administration, this innovative federal-state partnership will help us accelerate projects that will make our ports and infrastructure even more efficient.”

SAN PEDRO, CALIFORNIA – OCTOBER 15: Freight containers are stacked on ships in the Port of Los Angeles, the country’s busiest container port, on October 15, 2021 in San Pedro, California. As soaring inflation and supply chain disruptions disrupt the global economic recovery, the Washington-based IMF has forecast global gross domestic product to grow by 5.9% this year, or 0. 1 percentage point lower than his estimate for July. The Port of Los Angeles is moving to 24/7 operations as part of efforts to reduce supply backlogs. (Photo by Mario Tama / Getty Images)

READ MORE: Family members believe missing Encino couple convicted of $ 18 million COVID fraud program kidnapped

The pandemic brought about a number of factors that crippled the global shipping chain. Outbreaks have closed factories overseas, and shortages of shipping containers and drivers have led to a historic save at the ports of Los Angeles and Long Beach, which are already the country’s busiest ports.

“Our supply chains are under strain, with unprecedented consumer demand and disruption from a pandemic combined with the results of decades of underinvestment in our infrastructure,” said the US Secretary of State for the Environment. Transports Pete Buttigieg in a statement.

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State and federal authorities are still working on short-term solutions to help remove the current bottleneck in ports. Part of that work includes the federal government relying on private companies to expand their 24-hour operations, a move to which ports, unions, Walmart, Target, FedEx, UPS and Home Depot have committed. The Department of Transportation is also working with local and state DMVs to speed up the process of obtaining a commercial driver’s license for truck drivers.


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Oschadbank sells right of claim under loan agreement with borrower LLC Ukrkava https://apairof.com/oschadbank-sells-right-of-claim-under-loan-agreement-with-borrower-llc-ukrkava/ https://apairof.com/oschadbank-sells-right-of-claim-under-loan-agreement-with-borrower-llc-ukrkava/#respond Thu, 28 Oct 2021 11:42:29 +0000 https://apairof.com/oschadbank-sells-right-of-claim-under-loan-agreement-with-borrower-llc-ukrkava/ Oschadbank online auctions OpenMarket the right of claim under the loan agreement, as well as the right under the collateral agreements (mortgage, pledge, pledge) with the borrower LLC Ukrkava. The estimated opening lot price is UAH 229,753,161. The agreements are secured by: complex of buildings and structures with a total area of ​​7,741.6 m², industrial […]]]>

Oschadbank online auctions OpenMarket the right of claim under the loan agreement, as well as the right under the collateral agreements (mortgage, pledge, pledge) with the borrower LLC Ukrkava.

The estimated opening lot price is UAH 229,753,161.

The agreements are secured by:

  • complex of buildings and structures with a total area of ​​7,741.6 m², industrial equipment in the number of 214 parts, property rights. Location: 14a Promyslova Street, Chornomorsk, Odessa district, Odessa region;
  • industrial warehouse premises and structures with a total area of ​​4,592.3 m², equipment, land with a total area of ​​1,266 ha. Location: 12d Bazova Street, Odessa Avanhard, Odessa district, Odessa region;
  • commitment of the individual.

The lot will be sold in the classic English auction via e-commerce based on the establishment of a minimum open price for continued trading during which it increases, and the selling price of the asset includes the maximum offer offered by one of the participants.

The auction will take place on November 12.

The initial participation fee is 11 487 658 UAH

Find more details on the lots on the websites of SETAM and Oschadbank

https://setam.net.ua/auction/496163

https://old.oschadbank.ua/ua/node/1854


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AfDB signs loan agreement for skills development project in Uzbekistan – India Education | Latest Education News | Global educational news https://apairof.com/afdb-signs-loan-agreement-for-skills-development-project-in-uzbekistan-india-education-latest-education-news-global-educational-news/ https://apairof.com/afdb-signs-loan-agreement-for-skills-development-project-in-uzbekistan-india-education-latest-education-news-global-educational-news/#respond Sun, 03 Oct 2021 02:01:45 +0000 https://apairof.com/afdb-signs-loan-agreement-for-skills-development-project-in-uzbekistan-india-education-latest-education-news-global-educational-news/ TACHKENT – The Asian Development Bank (AfDB) and the government of Uzbekistan signed the loan agreement for a $ 93 million loan approved by the bank in December, to help improve the skills development of young people and unemployed job seekers in the country. Uzbekistan Finance Minister Temur Ishmetov and AfDB Country Director for Uzbekistan […]]]>

TACHKENT – The Asian Development Bank (AfDB) and the government of Uzbekistan signed the loan agreement for a $ 93 million loan approved by the bank in December, to help improve the skills development of young people and unemployed job seekers in the country.

Uzbekistan Finance Minister Temur Ishmetov and AfDB Country Director for Uzbekistan Cindy Malvicini signed the agreement in Tashkent.

“Uzbekistan has prioritized the development of human capital to ensure that its people have the skills necessary to thrive in the modern Uzbek economy,” said Ms. Malvicini. “We are pleased to formalize this loan which will support the government’s efforts to achieve this ambitious goal, stimulate employment, improve competitiveness and, ultimately, increase inclusive growth in Uzbekistan.

The AfDB’s skills development project for a modern economy aims to develop a skilled workforce in five priority trades: construction; textiles and clothing; information and communication technologies; agro-industry and food processing; and repair and maintenance of machinery.

At least 60,000 people, including 48,000 unemployed job seekers and 500 disabled people will benefit from the project. The project will also benefit industries looking for skilled workers and return migrants looking to retrain or recognize their achievements in the target areas.

The agreement was signed at the Uzbekistan Economic Forum, a high-level conference organized by the government to discuss ongoing economic reforms in Uzbekistan. Human capital development was a key theme of the event which hosted a panel discussion on the potential of education, technical skills and entrepreneurship to boost inclusive growth and reduce poverty.

Uzbekistan joined the ADB in 1995. Since then, the ADB has committed loans, grants and technical assistance amounting to US $ 10.1 billion for Uzbekistan.

The AfDB is committed to achieving a prosperous, inclusive, resilient and sustainable Asia and the Pacific, while continuing its efforts to eradicate extreme poverty. Founded in 1966, it is owned by 68 members, including 49 from the region.


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SBI, Paisalo Ink Co-Lending Loan Agreement; to enable MSMEs, women entrepreneurs with income-generating loans https://apairof.com/sbi-paisalo-ink-co-lending-loan-agreement-to-enable-msmes-women-entrepreneurs-with-income-generating-loans/ https://apairof.com/sbi-paisalo-ink-co-lending-loan-agreement-to-enable-msmes-women-entrepreneurs-with-income-generating-loans/#respond Thu, 30 Sep 2021 07:00:00 +0000 https://apairof.com/sbi-paisalo-ink-co-lending-loan-agreement-to-enable-msmes-women-entrepreneurs-with-income-generating-loans/ In a bid to empower AGRI, Allied AGRI, women in the MSME segment and small businesses, Paisalo Digital Limited on Wednesday signed a co-loan loan agreement with the State Bank of India. This agreement is an extension of the already operational loan co-origination platform with the State Bank of India, to bring it in line […]]]>

In a bid to empower AGRI, Allied AGRI, women in the MSME segment and small businesses, Paisalo Digital Limited on Wednesday signed a co-loan loan agreement with the State Bank of India.

This agreement is an extension of the already operational loan co-origination platform with the State Bank of India, to bring it in line with the latest RBI circular on loan co-lending published on November 5, 2020.

The SBI-Paisalo digital platform, Co-Origination (now known as Co-lending) is an end-to-end digital platform for the sourcing, management and collection of loans from the priority sector to small price. The SBI-Paisalo Co-Origination digital platform (now known as co-loan) sought and served 40,079 borrowers in the first quarter of fiscal 2022, and as of March 31, 2021, the platform had served 38,362 borrowers.

Santanu Agarwal, Deputy CEO of Paisalo Digital Limited, said: “Paisalo sees a huge opportunity and is well positioned to capitalize on the huge Rs 8 lakh crore market of low cost loans for our 365 million underbanked people and underserved. This commitment will foster greater synergies and allow for faster deployment of our co-lending product (previously known as co-origination of loans). Our fully digital SBI-Paisalo loan co-organization program (now known as Co = Lending) is a big step forward combined with our recently signed National Trade Correspondent Agreement with the bank; Paisalo’s goal is to create the most competitive transparent banking solution for the Indian population at the bottom of the pyramid.

(To receive our E-paper on WhatsApp daily, please Click here. We allow sharing of the article’s PDF on WhatsApp and other social media platforms.)

Posted on: Thursday, September 30, 2021 9:51 am IST


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Belarus Development Bank and Pan-African Bank EBID sign loan agreement https://apairof.com/belarus-development-bank-and-pan-african-bank-ebid-sign-loan-agreement/ https://apairof.com/belarus-development-bank-and-pan-african-bank-ebid-sign-loan-agreement/#respond Fri, 17 Sep 2021 07:00:00 +0000 https://apairof.com/belarus-development-bank-and-pan-african-bank-ebid-sign-loan-agreement/ An archive photo MINSK, September 17 (BelTA) – The Development Bank of the Republic of Belarus and the ECOWAS Development and Investment Bank (EBID) have reached a basic loan agreement. The document was signed by Chairman of the Board of Directors of the Development Bank Aleksandr Yegorov and Chairman and Chairman of the Board of […]]]>

An archive photo



MINSK, September 17 (BelTA) – The Development Bank of the Republic of Belarus and the ECOWAS Development and Investment Bank (EBID) have reached a basic loan agreement. The document was signed by Chairman of the Board of Directors of the Development Bank Aleksandr Yegorov and Chairman and Chairman of the Board of Directors of EBID George Agyekum Donkor in an online ceremony, BelTA learned from the Belarusian bank.

In accordance with the agreement, the Development Bank will provide loans to the Pan-African Bank to finance the supply of Belarusian products to West African countries. According to Aleksandr Yegorov, this agreement will facilitate the export of agricultural and other Belarusian machinery to West Africa.

EBID President said that the export loans will be used to meet the needs of African companies for Belarusian products.

The ECOWAS Investment and Development Bank (EBID) is the financial arm of the Economic Community of West African States (ECOWAS) comprising fifteen member states. The bank is headquartered in Lomé (Togolese Republic). In 2020, EBID’s assets amounted to $ 998.3 million, authorized capital was $ 419.8 million.


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Bengaluru metro extension: BMRCL signs loan agreement with AfDB for two lines https://apairof.com/bengaluru-metro-extension-bmrcl-signs-loan-agreement-with-afdb-for-two-lines/ https://apairof.com/bengaluru-metro-extension-bmrcl-signs-loan-agreement-with-afdb-for-two-lines/#respond Sun, 22 Aug 2021 05:03:36 +0000 https://apairof.com/bengaluru-metro-extension-bmrcl-signs-loan-agreement-with-afdb-for-two-lines/ Bengaluru metro extension: BMRCL signs loan agreement with AfDB for two roads New Delhi: The Bengaluru metro rail network is looking to expand. Earlier this week on Thursday, a loan agreement worth Rs 3,643 crore was signed by Bangalore Metro Rail Corporation Limited (BMRCL) with the Asian Development Bank (ADB) to complete two major routes […]]]>

Bengaluru metro extension: BMRCL signs loan agreement with AfDB for two roads

New Delhi: The Bengaluru metro rail network is looking to expand. Earlier this week on Thursday, a loan agreement worth Rs 3,643 crore was signed by Bangalore Metro Rail Corporation Limited (BMRCL) with the Asian Development Bank (ADB) to complete two major routes along the outer ring road as well as the airport metro corridor, covering a length of 58.19 kilometers in total.

BMRCL Director of Public Relations (CPRO) BL Yashavanth Chavan was quoted in a PTI report as saying that the agreement was signed between BMRCL Director General Anjum Parvez, Director of the Ministry of Housing and Urban Affairs. Janardan Prasad and Country Director of the Asian Development Bank. Takeo Konishi.

On March 26 this year, another loan agreement was signed by the company with the Japan International Cooperation Agency (JICA) for the same project in the amount of Rs 2,317 crore.

Note that the Indian government had given the green light for the implementation of phase 2A (Silk Board at KR Puram) as well as phase 2B (KR Puram at Bengaluru international airport) for a road length of 58 , 19 kilometers for an estimated cost of Rs 14,788 crore, according to the CPRO of the BMRCL. The state and central government will contribute Rs 3,973 crore in equity and subordinated debt to this project.

The cost of acquiring the land of Rs 2762 crore will be borne by the Government of Karnataka State. The amount of foreign aid of Rs 5,960 crore was to be collected through a loan from bilateral or multilateral funding agencies, for which the agreements were made, Chavan said.

Another BMRCL source was quoted in the agency’s report as saying that the arrangement of the remaining Rs 2,093 crore would be done through external means, which could be another loan deal with a financial institution.

Meanwhile, the purple line of the Namma metro recently got clearance from the Metro Rail Safety Commissioner (RSMC). Nonetheless, the network is expected to be further delayed before opening up to commuters.

The government’s original plan was to complete the tour and make it open to commuters on August 20, Varamahalakshmi Day this year. But the inauguration process has been delayed, a senior BRMC official said. The official added that the rail company is struggling to secure dates from both the Center and the State for the inauguration.

“It seems unlikely that we will be able to launch operations on Varamahalashmi day because it is difficult to bring together the dates of the leaders at both levels in such a short time,” he added. However, a date is expected to be announced in the coming days. BMRC CEO Anjum Parwez recently confirmed CMRS’s authorization to launch the purple metro line, which stretches 7.53 km covering areas between Mysore Road and Kangeri.

He said the organization had received some suggestions to start the operation and hopes to start services soon.


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RAK Properties and RAKBANK sign term loan agreement – News https://apairof.com/rak-properties-and-rakbank-sign-term-loan-agreement-news/ https://apairof.com/rak-properties-and-rakbank-sign-term-loan-agreement-news/#respond Wed, 18 Aug 2021 07:00:00 +0000 https://apairof.com/rak-properties-and-rakbank-sign-term-loan-agreement-news/ RAK Properties has signed a Dh 150 million term loan agreement with the National Bank of Ras Al Khaimah (RAKBANK) for its Bay Residences project on Hayat Island, Mina Al Arab. The agreement was signed by Mohammed Al Tair, Acting Managing Director of RAK Properties and Peter England, Managing Director of RAKBANK. Bay Residences is […]]]>

RAK Properties has signed a Dh 150 million term loan agreement with the National Bank of Ras Al Khaimah (RAKBANK) for its Bay Residences project on Hayat Island, Mina Al Arab.

The agreement was signed by Mohammed Al Tair, Acting Managing Director of RAK Properties and Peter England, Managing Director of RAKBANK. Bay Residences is a mixed-use residential project on Hayat Island that will strengthen RAK Properties’ portfolio of quality projects and enrich the quality of life in Ras Al Khaimah.

Hayat Island, one of the islands that make up Mina Al Arab, has seen a tremendous response since its launch. The project attracted a remarkable participation of investors and buyers.

Mohammed Al Tair, Acting Managing Director of RAK Properties, said: “We are delighted to announce the signing of a loan agreement with RAKBANK. This facility will strengthen investor confidence in the project and the real estate market in Ras Al Khaimah. The Bay Residence project will add central elements to the overall design of Hayat Island and play a key role in attracting investors and end users to this exceptional destination.

For his part, Peter England, CEO of RAKBANK, said: “We are delighted to have partnered with RAK ​​Properties for the financing of a term loan agreement of Dh 150 million for its emblematic project on the island of Hayat. This loan facility is in line with our strategy of supporting the economic growth and real estate market of our home emirate and we look forward to playing an active role in the development of Hayat Island and Mina Al Arab in general. .

In a recent announcement, the real estate developer reported a strong performance in terms of earnings, revenue and asset value, with profits rising 348% in the first half of this year to reach $ 119.8 million. of Dh, against 26 Dh. 7 million in the first half of 2020.

business@khaleejtimes.com

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Flamengo set to close loan deal for Chelsea ace https://apairof.com/flamengo-set-to-close-loan-deal-for-chelsea-ace/ https://apairof.com/flamengo-set-to-close-loan-deal-for-chelsea-ace/#respond Sat, 14 Aug 2021 07:00:00 +0000 https://apairof.com/flamengo-set-to-close-loan-deal-for-chelsea-ace/ The soap opera about Flamengo’s hiring of Kenedy is about to end after weeks of negotiations. According to the Brazilian newspaper O Dia (Going through UOL Esport), Chelsea agreed to transfer the midfielder. Chelsea are said to allow the 25-year-old to take out a 12-month loan with a € 10million option to buy clause. More […]]]>

The soap opera about Flamengo’s hiring of Kenedy is about to end after weeks of negotiations.

According to the Brazilian newspaper O Dia (Going through UOL Esport), Chelsea agreed to transfer the midfielder. Chelsea are said to allow the 25-year-old to take out a 12-month loan with a € 10million option to buy clause.

The report adds that the two sides are expected to finalize the deal this weekend now that the London-based club are ready to do business with other players after Romelu Lukaku’s transfer closes.

Chelsea acquired Kenedy in 2016 for $ 10 million. The athlete, however, has never been able to establish himself at the London club and accumulates loans in English and Spanish football.

The Brazil international spent last season alongside CF Granada in La Liga, where he made 44 appearances, scoring eight goals and registering six assists.

Once Flamengo closes the Kenedy loan deal, they will turn to Manchester United midfielder Andreas Pereira. TNT Sports report that the South American club have already made a loan offer for the 25-year-old.


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