The Road Transport and Highways Ministry of India is looking for US$2.96bn in credit from the World Bank for the development of highways in the country, reported India's Economic Times in September. Join discussion...

The World Bank today approved four loans worth $4.3 billion (about Rs 20,631 crore) to help India finance its infrastructure programmes and further strengthen the capital base of state-run banks. The approved loan includes a a budgetary support of $2 billion for capital infusion in select public sector banks to help them maintain credit growth. Also Read Related Stories News Now - World Bank approves $4.3 bn loan for India - Emerging, if they can - AP govt to spend Rs 30 crore on Hyd roads - Mahindra Satyam in talks with World Bank to revoke ban - Rlys PPP projects go off track - WB says India weathered global crisis 'extraordinarily well' Also Read Related Stories News Now - Sensex slip into red in opening trades - Suzlon slips 3% on treasury stake sale - G20 summit eve: India for continuance of stimulus package - Tata Power slips in morning trades - Kashmir should be an independent state: Gaddafi More “This is a crucial time to support India. While the worst of the crisis seems to be behind us, doubts linger about the strength of the comeback, partly because the strength of the global recovery is uncertain,” said Roberto Zagha, World Bank country director for India. Join discussion...

3.3 billion euro loan only activates after Cintra merger * Ferrovial says deal "clears the way for Cintra merger" * Ferrovial has no major debt maturities for next 3 years (Adds comment on planned Cintra merger, quote from company) Join discussion...

Defra has awarded £129.1 million in PFI funding to a long term waste management project involving a partnership of three West Midlands councils. The joint initiative called ‘Project Transform' - which is comprised of Coventry city council, Solihull metropolitan borough council and Warwickshire county council - is set to use the funding to help develop a 305,000 tonne-a-year capacity energy-from-waste (EfW) facility to help serve the region's waste disposal needs. Join discussion...

Grupo Ferrovial SA, the Spanish construction group, plans to refinance about 3.3 billion euros ($4.4 billion) of loans this month, including debt used to buy BAA Airports Ltd., said three people familiar with the deal. Ferrovial is offering higher interest of 200 to 300 basis points over benchmark rates on the new loans, said the people, who declined to be identified because the talks are private. The margin compares with 65 basis points on a 1.5 billion-euro loan agreed in 2006 to finance the takeover of London-based BAA, according to data compiled by Bloomberg. Join discussion...

Spanish builder FCC said on Monday it had signed a 400 million euro ($544.3 million) syndicated loan to finance its general business needs. The three-year loan -- made by Santander, Banco Popular, BBVA, Banca March, Societe Generale savings banks La Caixa and Caja Madrid, and the state-run Official Credit Institute (ICO ( ICOC - news - people )) -- can be increased by 200 million euros. Join discussion...

Three units of Obrascon Huarte Lain Brasil SA (OHLB3.SA), Brazil's second-largest toll-road operator, won a 792 million real ($378 million) loan from Brazil's government to fund investments in three highways in the nation's southeast and southern regions. Join discussion...

Spanish infrastructure company Abertis (ABE.MC) is set to sign a loan for up to 540 million euros ($701 million) to finance its acquisition of Itinere's (ITIE.MC) highway concessions, sources close to the deal said. Join discussion...