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TINNews |

Under the Ontario Municipal Commuter Cycling Programme (OMCC), the provincial government is to provide $37.1m for commuter cycling network infrastructure developments. 

The funding will be used to develop additional bike lanes and enhance existing infrastructure, in order to encourage people to ride cycles to work, school and other destinations.

The project will help improve safety of cyclists and help reduce greenhouse gas emissions. 

The World Bank has announced a project funding of $235m for the Bihar Rural Roads Project in India.

The loan will be used to develop approximately 2,500km of rural roads using alluvial sand. The roads will be climate-resilient and will be built with cost-effective designs and road safety engineering measures.

"The loan will be used to develop approximately 2,500km of rural roads using alluvial sand."

Provided through the apex bank’s concessionary lending arm, International Development Association (IDA), the loan will have a maturity of 25 years, including a five-year grace period.

In another announcement, the apex bank has announced $81m for the Lake Victoria Transport Project (LVTP) in Rwanda, East Africa.

The LVTP will improve traffic and freight movement along the regional corridor, upgrade road assets, and enhance road safety in the country.

The Yaounde-Brazzaville road project in Cameroon has received funding of $52.49m, which will have a maturity period of 50 years, including ten years of grace period at an annual interest of 0.3%.

Financing will be used to construct 67km of unpaved road between Mintom and Lélé in the south part of the country.

Announced by the Government of Cameroon, the loan will be funded by Japan International Cooperation Agency (JICA).

 

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