Developments in transport finance, PPP, debt, equity, M&A deals
June 3, 2013
New York will receive USD185 million in federal funding for the construction of a new rail tunnel under the Hudson River.
May 23, 2013
The 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.
May 22, 2013
The Province of Ontario, Canada, aims to spend nearly USD13.5 billion in 2013-2014 on building transit facilities, highways, post-secondary institutions and hospitals.
May 13, 2013
The 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.
June 12, 2013
Brazil 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.
May 22, 2013
Mexico'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.
April 8, 2013
Brazil'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.
March 27, 2013
The 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.
June 16, 2013
A 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.
June 5, 2013
The planned Capital Metro Project in Canberra has received AUD18.7 million in funding under the 2013-14 ACT budget.
May 28, 2013
The 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.
May 16, 2013
The Government of Australia has allocated USD23.8 billion in the 2013-14 budget for road and rail projects.
June 14, 2013
The Office of Rail Regulation has approved Network Rail’s capital investment budget of GBP12.2 billion for April 2014 to April 2019.
June 12, 2013
The 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.
May 28, 2013
The 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.
May 15, 2013
The 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
January 15, 2013
The World Bank approved USD100 million as additional financing to complete the bus rapid transit (BRT) system in Dar es Salaam.
November 16, 2012
The 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.
September 24, 2012
The 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.
June 29, 2012
A 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.