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Finance

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


North America Latin America Asia Pacific
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North America


Montreal Blue Line extension secures federal funding, Canada 

July 5, 2019
The Government of Canada has announced that it will allocate CAD1.3 billion (USD1 billion) for the development of the Montréal Metro Blue line extension under its Investing in Canada Infrastructure Plan.

Multiple transit projects in London to receive provincial funding, Canada 

July 1, 2019
The provincial government of Ontario has announced plans to allocate CAD103.5 million (USD78.5 million) for 10 transit projects in London.

Virginia allocates USD12 million for electric bus procurement, US 

July 1, 2019
The Commonwealth of Virginia has allocated USD12 million for the deployment of electric buses to three transit agencies.

World Bank to fund Abidjan Urban Mobility Project, Cote d' Ivoire 

July 1, 2019
The World Bank has approved a USD300 million loan for the Abidjan Urban Mobility Project.



Latin America


Brazil government launches plan to finance urban rail systems 

July 3, 2019
The Government of Brazil has launched a programme to finance the procurement and renewal of urban rail systems such as rolling stock, signalling, telecommunication, and control systems in the country under the programme named Programa de Renovação de Frota de Transporte Público Coletivo Urbano de Passageiros sobre Trilhos (RETREM).

Costa Rica’s National Bank to fund hybrid buses for San Jose 

June 25, 2019
The National Bank of Costa Rica/Banco Nacional de Costa Rica has announced plans to provide a CRC183.61 million loan for the procurement of two diesel–electric hybrid buses.

Mexico City to fund light-rail track-replacement works 

May 4, 2019
The government of Mexico City has announced plans to invest MXN280 million to replace the tracks of Mexico City’s light rail Taxqueña–Azteca Stadium section.

Peru funds Lima Metro Line 4 studies 

March 28, 2019
Peru’s Ministry of Economy and Finance (MEF) has transferred PEN17.64 million to Peru’s Ministry of Transport and Communications to fund feasibility and environmental impact studies for Lima Metro Line 4.



Asia Pacific


Funds allocated for urban rail in Budget 2019–20, India 

July 6, 2019
The Government of India in its budget for fiscal year FY 2019–20 has allocated INR195.12 billion for the development and expansion of mass rapid transit systems (MRTS).

ADB approves loan for Karachi BRT Red Line, Pakistan 

July 5, 2019
The Asian Development Bank (ADB) has approved a USD235 million loan to develop the 26.6-km Karachi bus rapid transit (BRT) Red Line.

Sajha Yatayat secures funding to purchase electric buses, Nepal 

July 1, 2019
Sajha Yatayat, a bus operator in Nepal, has secured NPR425 million funding from the provincial governments of Province 3 (NPR300 million) and the city governments of Kathmandu (NPR100 million) and Lalitpur (NPR25 million) to purchase electric buses.

Astana LRT to be financed by bonds, Kazakhstan [free access]

June 26, 2019
Astana LRT LLP, the developer of the Astana light rail transit (LRT) project, has announced plans to launch bonds worth USD1.50 billion in Kazakhstan to fund the project.



Europe


EIB to finance rolling stock procurement in Plzen, Czech Republic 

July 9, 2019
The European Investment Bank (EIB) has signed a EUR50 million loan agreement with Plzeň transport operator PMDP to finance the procurement of 34 trams and 34 trolleybuses.

Germany funds electric bus procurement in five cities 

July 8, 2019
Germany’s Federal Ministry for the Environment (BMU) has announced EUR14.3 million in grants for five German cities, namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach am Main, to procure around 70 electric buses.

Lausanne Metro to be expanded by 2027, Switzerland [free access]

June 25, 2019
The canton of Vaud has announced plans to expand Lausanne Metro Line M2 and to construct a new 4-km-long line, Line M3.

Santiago’s Red secures funding for 490 buses 

June 24, 2019
KfW IPEX-Bank, a wholly owned subsidiary of Germany-based KfW, has announced to allocate USD100.50 million to fund the procurement of 490 buses, which will be deployed on Red Metropolitana de Movilidad (Red; formerly known as Transantiago).



Middle East & Africa


Kenya allocates KES5.53 billion for bus-only lanes in Nairobi 

May 18, 2019
The National Treasury of Kenya has allocated KES5.53 billion to develop exclusive lanes for high-capacity buses planned to be deployed in Nairobi.

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).