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

North America Latin America Asia Pacific
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North America

Virgin Group invests in Hyperloop One, United States 

October 16, 2017
Britain-based Virgin Group has made significant investment in US-based Hyperloop One and rebranded the company as Virgin Hyperloop One.

Siemens invests in Wi-Tronix, Unites States 

October 11, 2017
Siemens has made a significant equity investment in US-based Wi-Tronix to expand digital predictive maintenance for rail services.

FTA provides Low-No grants to purchase electric bus 

October 9, 2017
The Federal Transit Administration (FTA) has awarded grants of a total value of USD2.65 million under the Low or No Emission Vehicle programme to purchase electric buses to three authorities, serving Park City, Palmdale County, Lancaster County, Northern Los Angeles County, Champaign, Urbana, and Savoy.

Sound Transit allocates budget and awards contract to HNTB for LRT extensions, United States 

October 3, 2017
Sound Transit has allocated budget of USD285.9 million for preliminary engineering of two light rail transit (LRT) projects, including West Seattle and Ballard Link Extensions.

Latin America

Estrella Blanca and IAMSA to invest in Tasqueña intermodal station upgrade, Mexico 

October 9, 2017
Estrella Blanca and IAMSA, public transport companies in Mexico City, have announced plans to invest USD300 million to modernise the Tasqueña intermodal station.

Bogotá Metro Line 1 receives funding, tender in November 2017 

September 28, 2017
Colombian national government has allocated COP9.1 trillion for the construction of Line 1 of Bogotá Metro.

Metro de Medellín to invest COP15 trillion in network expansion, Colombia 

September 16, 2017
Metro de Medellín, operator of Medellín Metro, has announced plans to invest COP15 trillion in network expansion to integrate the metro with other public transport modes.

Government allocates funds for Metro de Panamá, Panama 

September 15, 2017
Metro de Panamá has received USD575 million from the national government’s annual budget.

Asia Pacific

Korea to finance feasibility study of HCMC Monorail Line 2, Vietnam 

October 5, 2017
Korea International Co-operation Agency (KOICA) has agreed to provide USD2.04 million to conduct the feasibility study for the development of monorail Line 2 in Ho Chi Minh City (HCMC), Vietnam. The study will commence in June 2019 and is planned to be completed by May 2020.

MPIC to invest PHP20 billion for MRT-3 rehabilitation, Philippines 

October 5, 2017
Metro Pacific Investments Corporation (MPIC), the Philippines, has increased investment in the rehabilitation, operations and maintenance of Metro Rail Transit Line 3 (MRT-3) to PHP20 billion.

EIB to provide loan for Bangalore Metro Phase II, India 

October 5, 2017
The European Investment bank (EIB) has awarded a loan of EUR300 million to the Government of India to finance Phase II of the Bangalore Metrorail project.

WB to finance Karachi Metrobus Yellow Line BRT and AFC, Pakistan 

October 4, 2017
World Bank (WB) has agreed to provide financial and technical support for the construction of the Yellow Line bus rapid transit (BRT) in Karachi and the establishment of an integrated BRT system deploying an automatic fare collection (AFC) system.


Network Rail receives funding for O&M and renewal, UK [free access]

October 12, 2017
The Government of the United Kingdom (UK) has allocated a budget of GBP47.9 billion for infrastructure manager Network Rail (NR) in control period 6 (CP6), from 2019 to 2024.

UrbanThings secures funds to develop Bluetooth ticketing 

October 10, 2017
The Government of UK has funded a start-up company UrbanThings to develop a mobile Bluetooth public transport ticketing solution that enables account-based ticketing.

UK to invest GBP80 million in smart ticketing by 2018 [free access]

October 6, 2017
The Government of United Kingdom has announced a GBP80-million programme to introduce smart ticketing across England and Wales by the end of 2018.

Lombardy to invest EUR1.6 billion in rolling stock, Italy 

October 5, 2017
Lombardy’s Regional Councillor for Infrastructure and Mobility and Italy’s Ministry of Infrastructure has announced an investment of EUR1.6 billion for the procurement of 160 new trains to reduce the average age of rolling stock from 18 years to 12 years by 2025.

Middle East & Africa

EIB to provide loan for Cairo Metro Line 1 upgrade, Egypt 

October 13, 2017
The European Investment Bank (EIB) has approved a EUR180-million loan to Egypt’s National Authority of Tunnels (NAT) for the rehabilitation of Cairo Metro Line 1.

AFD approves new loan for Tangiers-Casablanca HSR, Morocco 

October 10, 2017
France based Agence française de développement (AFD) has approved a EUR80-million loan for the final phase of Tangiers-Casablanca high speed rail (HSR) line.

Dubai Metro to develop Green Line extension as PPP, tender in 2018 

September 29, 2017
Dubai’s Road and Transport Authority (RTA) has announced plans to develop the Green Line extension on a public-private partnership (PPP) basis.

EBRD to finance Tunis’ urban rail fleet modernisation, Tunisia 

September 28, 2017
The European Bank for Reconstruction and Development (EBRD) has approved a EUR100-million loan for Société des Transports de Tunis (TRANSTU) for urban rail fleet renewal programme which is estimated to cost EUR240.2 million.