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

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North America

Minnesota‘s Southwest LRT cost escalates, US 

May 18, 2018
The Metropolitan Council (Metro Council) of Minnesota has announced an increase in the cost of the METRO Green Line light rail transit (LRT) extension (Southwest LRT) from USD1.858 billion to USD2.003 billion.

Governments of Canada and Quebec Province to extend funds for public transport projects [free access]

May 17, 2018
The Government of Canada and the provincial government of Quebec have allocated a total of CAD134.4 million for the development of 52 public transport projects in Quebec City (CAD60.9 million for 24 projects), Outaouais (CAD36 million for eight projects), Laval (CAD26.8 million for 14 projects) and Greater Montreal Region (CAD10.7 million for six projects) under the Public Transit Infrastructure Fund (PTIF).

Government of Canada to fund Calgary Green Line LRT 

May 16, 2018
The Government of Canada has announced a CAD1.53-billion funding for Stage I of the Calgary Green Line light-rail transit (LRT) project.

FRA announces funding opportunity for PTC System Grants, US 

May 16, 2018
The United States Department of Transportation’s (USDOT) Federal Railroad Administration (FRA) has issued a notice of funding opportunity (NOFO) for USD250 million in Positive Train Control (PTC) Systems Grants.

Latin America

IADB approves loan for Quito Metro, Ecuador 

April 28, 2018
The Inter-American Development Bank (IADB) has approved a USD250-million loan for the development of Quito Metro Line 1.

World Bank and IDB to fund Bogotá Metro Line 1, Colombia [free access]

April 24, 2018
The World Bank and Inter-American Development Bank (IADB) have announced plans to provide USD1.2 billion (USD600-million each) for Line 1 of the Bogotá Metro.

Ministry of Cities funds Campinas BRT Phase II, Brazil 

April 13, 2018
The Municipality of Campinas has secured funding of BRL87 million from the Ministry of Cities for Phase II of the Campinas bus rapid transit (BRT).

Government of Brazil funds bus renewal in Rio de Janeiro and São Paulo 

April 9, 2018
The National Government of Brazil, through its Urban Collective Public Transport Fleet Renewal Program 2017 (Refrota-17), has allocated BRL26.9million to three public bus operators for the renewal of 75 buses

Asia Pacific

JBIC to fund Suvarnabhumi-Don Mueang-U-Tapao HSR, Thailand 

May 4, 2018
The Japan Bank for International Co-operation (JBIC) has announced plans to fund the 220-km long high speed rail (HSR) system connecting three international airports namely Suvarnabhumi, Don Mueang and U-Tapao with each other.

Victoria government allocates funds for suburban rail upgrades in Melbourne, Australia 

May 3, 2018
The state government of Victoria has allocated AUD572 million in its 2018-19 budget for upgrading the power and signalling systems on two suburban rail lines (Cranbourne Line and Pakenham Line), track-doubling of the Cranbourne Line and undertaking detailed design works to operate high-capacity trains.

Auckland unveils transport project to fund rail and bus development, New Zealand 

April 26, 2018
The city government of Auckland has unveiled NZD28-billion Auckland Transport Alignment Project (ATAP) to fund the development of the transport network in Auckland.

Australian government to invest in Melbourne ARL 

April 13, 2018
The Government of Australia has announced plans invest in the airport rail link (ARL) line connecting the airport to central business district (CBD) in Melbourne.


Skoda fully acquires Transtech Finland 

May 21, 2018
Czech Republic-based Skoda Transportation has signed an agreement with Finland-based Sinituote Oy to fully acquire its subsidiary Transtech Finland, for an undisclosed amount.

Weichai and Ceres Power collaborate to provide fuel cell range extender system for electric buses in China 

May 17, 2018
China-based Weichai Power (Weichai) and UK-based fuel cell technology developer Ceres Power have entered into a strategic partnership to jointly develop 30kW fuel cell range extender system based on solid oxide fuel cell (SOFC) technology for electric buses deployed in China.

Alstom to exit General Electric JVs 

May 14, 2018
Alstom has signed an agreement with the General Electric to sell its stake in three joint ventures (JVs) – the ‘Renewables’, ‘Grid’ and ‘Nuclear’ – that were set up in November 2015.

Turkey to invest USD46 billion in rail network 

May 14, 2018
The government of Turkey has announced plans to invest USD46 billion to develop rail transport including high-speed rail (HSR) over a period of five years (2018-2023).

Middle East & Africa

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.

Angola receives AfDB financing for National Transport plan, to increase operating buses in Luanda 

March 30, 2018
The African Development Bank (AfDB) has provided USD 4 million for the Transport Sector National Steering Plan released in Luanda.

Dubai secures funds for Metro Route 2020 

March 23, 2018
Dubai’s Department of Finance has completed the USD2.45-billion infrastructure financing programme of the Route 2020 project of Dubai Metro.

World Bank to finance Beirut BRT PPP, Lebanon 

March 16, 2018
The World Bank has approved funding of USD295 million to develop a bus rapid transit (BRT) system in Beirut on public private partnership (PPP) model.