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Italy's Economic Diplomacy - 2 December: latest news from the world



Italy's Economic Diplomacy - 2 December: latest news from the world

Africa: Second annual PIDA Week on infrastructure development in Abidjan

Abidjan hosted the second annual PIDA Week, an event promoted by the African Development Bank to present the Programme for Infrastructure Development (PIDA). in Africa. This year’s event was organized under the theme, "Creating Jobs through Regional Infrastructure Development." The week comprised four thematic sessions and namely: Pida Energy; PIDA ICT ; Pida Transport ; Pida Water. The programme has a value of  nearly 21 billion dollars, of which 12 billion dollars  will be allocated to the energy sector and 9 billion  dollars to the establishment  and upgrade of intra-regional corridors to improve the  infrastructure network with a view to increasing commercial trade in Africa. Since February 2016, one of PIDA's priorities has been the creation or transformation of intra-regional corridors into "Smart (Safety, Mobility, Automated, Real-time Traffic Management) Corridors" to optimise commercial transport and favour contacts among the countries in the continent.

Turkey: Islamic Development  Bank allocates 334 mln dollars for high-speed trains

The Islamic Development Bank will allocate 312 million euros (334 million dollars) to finance the building of 10 high-speed trains, which will run on the Ankara-Istanbul route. According to the Bank, the new project is designed to divert the heavy passenger traffic on the Ankara-to -stanbul route from road to rail,  and to meet the transport demand that is expected to grown from the current 5.6 milion passengers to 13.9 million by 2025. 

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