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Developments in transport finance, PPP, debt, equity, M&A deals


North America Latin America Asia Pacific
Europe Middle East & Africa




North America


Volvo to invest in Momentum Dynamics to develop wireless electric charging 

January 17, 2019
Volvo Group Venture Capital AB, a subsidiary of the Volvo Group, has announced plans to invest in US-based Momentum Dynamics to develop high-power-capacity charging (up to 300 KW) for the transportation and automotive sector, especially for autonomous, connected, and commercial electric vehicles.

WMATA seeks public input on FY2020 budget proposal, US 

January 16, 2019
The Washington Metropolitan Area Transit Authority (WMATA) has invited public comment on its USD3.4 billion Fiscal Year (FY) 2020 budget proposal.

FTA awards grant to Portland streetcar system, US 

January 2, 2019
The Federal Transit Administration (FTA) has awarded a USD1.076 million grant, through its Pilot Program for Transit-Oriented Development Planning, for land-use and transportation planning along the proposed extension of the Portland streetcar system to Montgomery Park.

Sound Transit approves 2019 budget, US 

December 31, 2018
The Central Puget Sound Regional Transit Authority (Sound Transit) has approved a USD2.9 billion budget for fiscal 2019, of which around USD2.4 billion will be allocated to capital projects like the extension of light rail transit (LRT) to Lynnwood, Federal Way and Downtown Redmond by 2024 and the development of new bus rapid transit (BRT) lines along the I-405, SR-522 and Northeast 145th Street.



Latin America


EIB to finance Buenos Aires Subway modernisation 

December 12, 2018
The European Investment Bank (EIB) has approved a USD104-million loan to finance the modernisation of Buenos Aires Subway Line D and the upgrade of Obelisco Station, which connects Lines B, C and D.

CAF to finance São Paulo Metro Line 17 Phase I 

December 8, 2018
Corporacion Andina de Fomento (CAF), the development bank of Latin America, has approved a USD296-million loan for the construction of Phase I of the São Paulo Metro Line 17.

Mexico City presents MXN10.2-billion Mobility Plan 

November 22, 2018
The city government of Mexico City has released a Mobility Plan, which proposes an investment of MXN10.2 billion in public transportation.

Argentina to invest in transport infrastructure in 2019 

September 26, 2018
Argentina’s Ministry of Transport has announced plans to invest ARS180 billion in transport infrastructure in 2019.



Asia Pacific


GCF to invest USD1 billion in Mytrah Mobility, India [free access]

January 22, 2019
The Green Climate Fund (GCF) has announced plans to invest USD1 billion in India-based electric mobility solutions provider Mytrah Mobility.

Infratil to sell its stake in NZ Bus, New Zealand 

December 27, 2018
New Zealand-based Infratil has announced plans to sell its entire stake in New Zealand-based bus company NZ Bus to Australia-based private equity firm NextCapital for a consideration between NZD218 million and NZD240 million.

JICA to fund Chennai Metro Phase II, India 

December 26, 2018
The Japan International Co-operation Agency (JICA) has signed an agreement with the Government of India to provide an official development assistance (ODA) loan of JPY75.52 billion to develop Phase II (Lines 4 and 5) of the Chennai Metro.

Delhi Metro secures funding for Phase IV and rolling stock procurement, India 

December 21, 2018
The state government of Delhi has announced plans to invest INR97.07 billion to develop Delhi Metro Phase IV.



Europe


Voith acquires major stake in Pilotfish 

January 18, 2019
Germany-based Voith has acquired a 56 per cent share capital in Sweden-based Pilotfish, a cloud-based applications provider for public transport.

Strukton Rail fully acquires CLF Group 

January 16, 2019
Strukton Rail has acquired the remaining 40 per cent share in Italy-based Costruzioni Linee Ferroviarie (CLF Group) from Unieco, increasing its stake from 60 per cent to 100 per cent.

EIB to finance Bangalore Metro Phase 2 Red Line, India [free access]

January 12, 2019
The European Investment Bank (EIB) has approved a EUR500 million loan for the development of the Bangalore Metro Phase 2 Red Line.

Yinlong to acquire Ikarbus by June 2019 

January 11, 2019
Serbia-based bus manufacturer Ikarbus has announced plans to sell 51 per cent share capital to China-based Yinlong by mid-June 2019 as well as expand its product portfolio to include electric vehicles.



Middle East & Africa


EXIM China to finance Cairo LRT, Egypt 

January 18, 2019
The Export and Import Bank of China has signed a loan agreement with Egypt’s Ministry of Transport to provide a USD1.2 billion soft loan for the Greater Cairo light rail transit (LRT).

EU to fund Nairobi BRT, Kenya 

October 31, 2018
The European Union (EU) has approved a grant of USD48.75 million for the development of a bus rapid transit (BRT) system in Nairobi.

Passenger service commences on Abuja LRT; EXIM China to finance LRV procurement, Nigeria 

July 13, 2018
Passenger services have commenced on Phase I of Abuja light rail transit (LRT).

EIB to finance suburban train procurement in Tunis 

April 18, 2018
The European Investment Bank (EIB) has approved financing of EUR45 million for the procurement of 18 trains by Transtu, the public transport company of the Greater Tunis Area.