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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


FTA announces USD85 million funding opportunity for technologically advanced buses 

March 18, 2019
The Federal Transit Administration (FTA) has announced an opportunity for applicants including public transit agencies and state transportation departments to apply for up to USD85 million in competitive grant funds through the Low or No Emission (Low-No) Bus Program.

Edmonton secures CAD2.2 billion in funding for LRT extensions, Canada [free access]

March 14, 2019
The city of Edmonton has secured a combined funding of around CAD2.2 billion from the federal and provincial governments for the Valley Line West and Metro Line Northwest light rail transit (LRT) extension projects.

Alberta awards CAD215 million to 17 transit projects, Canada 

March 11, 2019
The Government of Alberta has announced plans to allocate CAD215 million over a four-year period through the Alberta Community Transit Fund to 17 municipal transit system projects.

Wabtec completes USD11 billion merger deal with GE Transportation 

February 27, 2019
Wabtec Corporation (Wabtec) has concluded a USD11billion merger deal with GE Transportation that combines Wabtec’s freight, locomotive, transit vehicle manufacturing, and electronics products divisions with GE Transportation’s expertise across industries.



Latin America


Mexico City to invest MXN30 billion in public transit by 2025, Mexico 

March 13, 2019
The city government of Mexico City has announced plans to invest MXN30 billion during 2019–2025 to expand the public transport network in the city.

Mexico funds Guadalajara LRT Line 3; to begin operations by December 2019 

February 28, 2019
The Government of Mexico has allocated USD239.08 million for Guadalajara light rail transit (LRT) Line 3 and has announced plans to commence operations by December 2019.

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.



Asia Pacific


Australia and Victoria to fund Melbourne ARL 

March 13, 2019
The Government of Australia and the state government of Victoria have signed an agreement and have announced plans to invest AUD5 billion each to develop the Melbourne Airport Rail Link (ARL) line.

JICA to fund Colombo Light Rail, Sri Lanka [free access]

March 11, 2019
The Japan International Cooperation Agency (JICA) has signed an agreement with the Government of Sri Lanka to provide official development assistance (ODA) of USD1.8 billion to develop a light rail line in Colombo.

Indian states to deploy electric buses [free access]

March 2, 2019
The state governments of Delhi and Uttar Pradesh have approved plans to deploy a fleet of 1,580 electric buses.

ADB to fund Mumbai Metro Lines 2A, 2B, and 7, India 

March 1, 2019
The Asian Development Bank (ADB) has signed an agreement with the Government of India to provide a USD926million loan for Mumbai Metro Lines 2A, 2B, and 7.



Europe


EBRD funds trolleybus procurement in Lviv, Ukraine 

March 4, 2019
The European Bank for Reconstruction and Development (EBRD) has announced EUR17.5 million financing to Lvivelectrotrans, a public transport company in Lviv, for the trolleybus network.

Delachaux acquires stake in Frauscher 

March 3, 2019
France-based Delachaux Group has acquired a majority stake in Austria-based Frauscher Sensor Technology. Delachaux Group provides mission-critical engineered solutions.

Daimler Buses acquires stake in IVU 

March 2, 2019
Daimler Buses (EvoBus GmbH) has acquired a 5.25 per cent stake in Berlin-based IVU Traffic Technologies AG (IVU) from Gerlind & Ernst Denert-Stiftung, a charitable foundation established by IVU’s previous CEO.

Turkey allocates funds for metro system in Ankara, Istanbul, and Izmir [free access]

February 22, 2019
Turkey’s Ministry of Transport and Infrastructure has allocated TRY4.32 billion under the 2019 Investment Program for the development of metro systems in Ankara, Istanbul, and Izmir.



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.