The European Investment Bank (EIB Global) and the African Development Bank (AfDB) have announced a joint financing arrangement totalling $275m for the upgrade of Mauritania’s principal railway corridor. The agreement, signed at the Africa Investment Forum 2025, will support infrastructure improvements on the route between Zouerate, an iron ore mining area, and Nouadhibou, a port city on the Atlantic coast. The financial package includes a $150m loan from the AfDB and $125m from EIB Global, with the latte ...

Core Insights - Jacobs has been awarded a nine-year contract by JXN Water to operate and maintain the wastewater infrastructure of Jackson, Mississippi, marking a significant expansion of its role in the city's water systems [1][2]. Group 1: Contract Details - The agreement includes the operation and maintenance of Jackson's three wastewater treatment plants and 99 pump stations, leveraging Jacobs' proven track record in enhancing the city's water system [2]. - This contract is an amendment to Jacobs' existing water services contract, indicating a deepening partnership with JXN Water [1]. Group 2: Company Commitment and Strategy - Jacobs aims to stabilize and upgrade Jackson's water infrastructure, which has faced challenges due to aging systems and limited investment, by implementing a strategic improvement plan focused on restoring system reliability [3]. - The company plans to invest in workforce development by transitioning existing staff and supporting certification programs to address the shortage of qualified operators [3]. Group 3: Recognition and Expansion - Jacobs' work with JXN Water has gained global recognition, with JXN Water nominated for Public Water Agency of the Year at the 2025 Global Water Awards [4]. - The company has also expanded its water and wastewater utility operations in the South Central and Southeastern U.S., including contract extensions in various locations [4]. Group 4: Financial Overview - Jacobs reported approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across multiple sectors, including water [5].