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Finance
Developments in transport finance, PPP, debt, equity, M&A deals
North America
Latin America
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Europe
Middle East & Africa
North America
Initial funding for New York Gateway project [free access]
June 3, 2013New York will receive USD185 million in federal funding for the construction of a new rail tunnel under the Hudson River.
USDOT announces USD3.7 billion in disaster relief funds [free access]
May 23, 2013The US Department of Transportation (USDOT) has announced an additional USD3.7 billion in disaster relief funds to help the four major transit agencies in New York and New Jersey that sustained the greatest damage from Hurricane Sandy.
Ontario set to spend USD13.5 billion on transport, health and education
May 22, 2013The Province of Ontario, Canada, aims to spend nearly USD13.5 billion in 2013-2014 on building transit facilities, highways, post-secondary institutions and hospitals.
FTA announces fund for public transportation safety [free access]
May 13, 2013The US Department of Transportation’s (DOT) Federal Transit Administration (FTA) announced that it is making USD21.9 million available to help strengthen public transportation safety for riders and transit workers nationwide.
Latin America
Brazil raises IRR on Rio-São Paulo bullet train concession
June 12, 2013Brazil has increased the annual internal rate of return (IRR) on its Rio-São Paulo-Campinas bullet train concession project by 0.88 per cent by applying operating cost reductions of BRL3 billion.
Mexico's SCT allocates funding for Monterray metro line 3 project
May 22, 2013Mexico's transportation and communications ministry SCT has allotted MXN300 million for the development of a new line 3 for Mexican city Monterrey's metro in the state of Nuevo León.
BNDES provides record loan for Santa Catarina urban mobility
April 8, 2013Brazil's national development bank BNDES and the southern state of Santa Catarina have signed a USD1.51 billion financing deal to improve urban mobility in the metropolitan region of state capital Florianópolis.
BNDES approves loan for Rio’s Metro Line 4 [free access]
March 27, 2013The National Bank for Economic and Social Development (BNDES) has approved a loan of USD4.3 billion to the state government of Rio de Janeiro to build the infrastructure for Line 4 of the city’s subway system.
Asia Pacific
Indian city of Lucknow proposes funding model for metro system
June 16, 2013A high-level committee in Lucknow has proposed a 50:50 sharing of cost between the Union government and Uttar Pradesh state government for the development of the INR18 billion Lucknow metro system.
Government allocates funding for Canberra’s Capital Metro Project
June 5, 2013The planned Capital Metro Project in Canberra has received AUD18.7 million in funding under the 2013-14 ACT budget.
Hudco to provide loans to purchase buses under JNNURM scheme in India
May 28, 2013The Union Government has announced plans to offer additional loans through the Housing and Urban Development Corporation (Hudco) for cash-strapped state transport corporations (STCs) willing to buy new buses.
Australia government allocates USD23.8 billion for public transport projects
May 16, 2013The Government of Australia has allocated USD23.8 billion in the 2013-14 budget for road and rail projects.
Europe
Approval for Network Rail’s capital investment budget for 2014-19
June 14, 2013The Office of Rail Regulation has approved Network Rail’s capital investment budget of GBP12.2 billion for April 2014 to April 2019.
EIB provides additional funds for Ankara-Istanbul HSR [free access]
June 12, 2013The Turkish State Railways (TSD) has secured an additional funding of EUR200 million from the European Investment Bank (EIB) for the Ankara-Istanbul high-speed rail (HSR) project.
UK government allocates GBP12 million under fourth round of GBF [free access]
May 28, 2013The UK government has allocated GBP12 million to four local authorities and eight bus operators to deploy 213 all-electric, hybrid and bio methane gas-powered buses.
EIB extends loan to PKP Intercity for Pendolino trains
May 15, 2013The European Investment Bank has announced an increase in the loan to PKP Intercity for the purchase of Alstom Pendolino trains from the EUR224 million originally agreed to in July 2011 to EUR342 million.
Middle East & Africa
World Bank provides additional funds for BRT project in Tanzania
January 15, 2013The World Bank approved USD100 million as additional financing to complete the bus rapid transit (BRT) system in Dar es Salaam.
EIB signs first tranche of loan for Cairo metro extension
November 16, 2012The European Investment Bank (EIB) signed the first tranche worth EUR200 million of a EUR600 million loan to part-fund construction of Phase III of Line 3 of Cairo metro.
Funding agreement signed for Cairo metro in Egypt [free access]
September 24, 2012The European Union (EU) and the French Development Agency (AFD) has signed a EUR940- million deal with Egypt to fund the third phase of the Greater Cairo metro extension.
Bank guarantees received for Phase II of the HHR project
June 29, 2012A Spain-based consortium led by Saudi Arabia’s local Al-Shoula Group has secured the bank guarantees worth EUR664 million for the Haramain high-speed railway (HHR) project in Saudi Arabia.