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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


NJ Transit approves funds for rail transit, United States [free access]

July 18, 2017
New Jersey Transit (NJ Transit), the public transport operator in New Jersey, New York and Philadelphia, has announced plans to invest USD3.58 billion in transit infrastructure and light rail transit (LRT) system.

FTA to fund transit bus service improvement 

July 12, 2017
The Federal Transit Administration (FTA) has announced plans to allocate USD226.5 million in competitive grant funding to improve transit bus services.

Ontario to pay more for Presto installation on TTC network, Canada 

June 30, 2017
The cost of installation of the Presto fare card system on the Toronto Transit Commission (TTC) network has increased to CAD385 million, which is 50 per cent more than the original estimates.

Funds allocated for Foothill Gold LRT in Los Angeles, United States 

June 30, 2017
The Los Angeles County Metropolitan Transportation Authority (LACMTA) has approved USD 1.4 billion for the development of the 18.5-km extension of the Metro Gold Line to Claremont.



Latin America


SCT to fund Monterrey Metro Line 3, Mexico 

July 10, 2017
Mexico’s Sistema de Transporte Colectivo (STC) has announced plans to allocate USD65.4 million for the construction of eight stations and workshops for the Monterrey Metro Line 3.

SHCP to secure loan for Monterrey Metro Line 3 

June 30, 2017
The Secretaría de Hacienda y Crédito Público (SHCP) has announced plans to secure an MXN2.32-billion loan to acquire 26 trains for Monterrey Metro Line 3.

Argentina secures loan to install ATS for Buenos Aires commuter rail 

June 23, 2017
The Government in Argentina has signed a USD49.5-million loan agreement with the Japan Bank for International Co-operation (JBIC) to install an automatic train stop (ATS) system on eight lines of the Buenos Aires commuter rail system in Argentina.

EIB to fund Buenos Aires modernisation, Argentina 

June 13, 2017
The European Investment Bank (EIB) has announced plans to provide EUR89 million for rehabilitation of the Buenos Aires Metro system.



Asia Pacific


Vietnam invests in Hanoi Urban Railway PPP; approves two metro lines [free access]

July 5, 2017
The People's Council of Vietnam has announced plans to invest USD3.8 billion for four Hanoi Urban Railway lines during the period 2017-2020.

ADB approves USD335 million for Peshawar BRT, Pakistan 

July 1, 2017
The Asian Development Bank (ADB) has approved a loan of USD335 million for the bus rapid transit (BRT) corridor in Peshawar.

City Rail Link Limited Company established to deliver Auckland’s CRL, New Zealand 

July 1, 2017
City Rail Link Limited (CRLL), a company jointly owned by central and local government, has been established to deliver the country’s first underground rail system, City Rail Link (CRL) in Auckland.

Australia invests in Victoria’s regional rail improvement [free access]

June 28, 2017
The Government of Australia and the Government of Victoria have together allocated AUD1.57 billion for the improvement of regional rail infrastructure over seven years.



Europe


FS subsidiary Busitalia to purchase Netherlands’ Qbuzz 

July 14, 2017
The bus unit of Ferrovie dello Stato Italiane S.p.A. (FS Italiane)/Italian State Railways Group, Busitalia, has signed a preliminary purchase agreement to acquire Dutch public transport provider Qbuzz for an undisclosed sum.

BBP acquires ITSO-certified smart card supplier 

June 28, 2017
UK-based smart ticket manufacturer, BemroseBooth Paragon (BBP), has acquired Buralls InfoSmart Limited, which is certified to produce smart cards compliant with the Integrated Transport Smartcard Organisation (ITSO) standard.

Paris ARL secures EC approval for financing; competitive tendering for operator 

June 26, 2017
The European Commission (EC) has approved the financing mechanism for the construction of the Airport Rail Express (ARL) in Paris, France.

Trenitalia acquires stake in Milan's Metro 5 S.p.A. consortium 

June 12, 2017
Italy's main railway company Ferrovie Dello Stato Italiane S.p.A., better known by its commercial name Trenitalia, has acquired a 36.7 per cent stake from Astaldi, in the Metro 5 S.p.A. consortium that operates the Milan Metro Line M5.



Middle East & Africa


World Bank allocates funds for Dakar BRT, Senegal 

May 29, 2017
The World Bank has allocated funding of USD313.5 million for the development of a bus rapid transit (BRT) system in Dakar, Senegal.

AFD and EIB to finance Raml Tramway; NAT invites bids for consultancy contract 

May 18, 2017
The Agence Francaise de Developpement (AFD) and European Investment Bank (EIB) have announced plans to provide funding worth EUR280 million (78 per cent) for the rehabilitation of the Raml Tramway in Alexandria, Egypt.

Dakar TER project secures funding, Senegal [free access]

April 28, 2017
Government of Senegal has signed two financing agreements valued at USD215.5 million for the Dakar Train Express Régional (TER) project.

Nigeria secures loan from EXIM bank for rail projects 

April 6, 2017
The Government of Nigeria secured a USD6.1-billion loan from Export-Import (EXIM) bank of China to complete its ongoing rail projects by 2019.