AIIB Approves Loans for Oman Transport Projects

The Asian Infrastructure Investment Bank (AIIB) has approved two loans totaling 301 million U.S. dollars for transport sector projects in Oman, the bank’s first in the Arabian Peninsula.

AIIB Approves Loans for Oman Transport Projects
December 22, 2016 12:44 pm

The financing comprises 265 million dollars to maritime infrastructure at Duqm Port and 36 million dollars to the country’s first railway system, the AIIB said in a statement. The projects are expected to enhance Oman’s economic prospects and maritime trade links with other countries, the AIIB said.

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[quote font_size=”16″ arrow=”yes”]”I am pleased the bank will be able to help the government of Oman diversify its economy through the approval of these two projects,” [/quote]AIIB President Jin Liqun said.

The two projects bring the total amount of loans approved so far by the bank to 1.13 billion dollars since it started operation in January.

[quote font_size=”16″ arrow=”yes”]”We have a strong pipeline of investments for next year, and we will continue working hard to help develop the sustainable infrastructure that Asia needs,” [/quote]Jin added.

The Beijing-based AIIB is a multilateral development bank initiated by China and supported by a wide range of countries and regions, which provides financing for infrastructure improvement in Asia. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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