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

North America Latin America Asia Pacific
Europe Middle East & Africa

North America

Ontario secures federal funding for public transport 

March 16, 2018
The governments of Canada and Ontario have signed a bilateral agreement, which will provide more than CAD11.8 billion through the Investing in Canada plan over the next 10 years for infrastructure projects.

RTM unveils five-year action plan, Canada 

March 16, 2018
The Réseau de transport metropolitain (RTM) has announced plans to invest CAD450 million over five years to improve the reliability and punctuality of the commuter rail network.

California HSR Phase I cost and timeline escalates, US 

March 12, 2018
The California High-Speed Rail Authority (CHSRA) has released Draft 2018 Business Plan, which indicates cost increase from USD64.2 billion (2016 prices) to USD77.3 billion; and extended completion from 2029 to 2033 for the high speed rail (HSR) Phase I.

MARTA secures TIGER grant for Summerhill BRT; to replace 25 per cent of buses by 2024 

March 8, 2018
The Metropolitan Atlanta Rapid Transit Authority (MARTA) has secured USD12.6-million funding from the federal government under the Transportation Investment Generating Economic Recovery (TIGER) grant programme for the development of a bus rapid transit (BRT) line.

Latin America

Mexico City receives funding for Metro Line 12 expansion [free access]

March 17, 2018
Mexico’s Sistema de Transporte Colectivo (STC) has announced plans to allocate MXN1 billion for the expansion of Line 12 of Mexico City Metro.

Brasília Metro to invest in expansion and modernisation, tenders in June 2018, Brazil 

January 17, 2018
The Ministry of Cities has disbursed BRL275 million to Metrô-DF, the operator and developer of the Brasília Metro, to extend Orange Line (funding of BRL162.5 million) and modernise communication and signalling system (funding of BRL112 million).

Government of Brazil to finance Rio de Janeiro’s bus renewal 

December 15, 2017
The National Government of Brazil, through its Urban Collective Public Transport Fleet Renewal Program 2017 (Refrota-17), has allocated BRL33 million to two public bus operators (Viação União and Ponte Coberta) in the State of Rio de Janeiro for renewal of the urban bus fleet.

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.

Asia Pacific

JICA to fund Manila Subway Phase I, Philippines 

March 16, 2018
The Japan International Co-operation Agency (JICA) has signed a loan agreement to provide official development assistance (ODA) of JPY104.53 billion for the development of Phase I of the Metro Manila Subway project.

Noida Metro Aqua Line receives government funding, India [free access]

February 27, 2018
The Noida Metro Rail Corporation (NMRC) in India has received INR6.87 billion from the Union Ministry of Housing and Urban Affairs for the development of the Aqua Line.

CDB to disburse initial loan for Jakarta-Bandung HSR in March 2018 

February 19, 2018
China Development Bank (CDB) has announced plans to disburse an initial loan of USD500 million for the 142.3-km long Jakarta-Bandung high-speed rail (HSR) line, in March 2018.

Chennai Metro Phase II secures funding, tenders in 2018, India 

February 14, 2018
Chennai Metro Rail Limited (CMRL) has announced plans to invest INR40 billion to begin work on Phase II of Chennai Metro.


Tramwaje Śląskie to procure 10 trams from Modertrans; to award contracts for 27 trams [free access]

March 12, 2018
Modertrans has secured a USD8.57-million contract to supply 10 trams (eight unidirectional and two bi-directional) to Tramwaje Ślaskie by 2020.

Alstom acquires 21net 

March 7, 2018
Alstom has signed an agreement to acquire 21net, which is a provider of on-board Internet and passenger information for the railway industry.

UK allocates funds to procure clean buses 

February 25, 2018
The Government of UK has allocated an estimated GBP40 million to 20 transport authorities to deploy a total of 2,768 clean buses under the Clean Bus Technology Fund (CBTF).

Strukton Rail takes over Eltel's rail operations in Denmark 

February 20, 2018
Strukton Rail A/S has taken over the rail operations and maintenance of the Eltel Group in Denmark.

Middle East & Africa

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.

EIB funds Rabat-Salé Tramway Line 2 extension 

March 8, 2018
The European Investment Bank (EIB) has signed a EUR40-million loan agreement with Société du Tramway de Rabat Salé (STRS)/Rabat-Salé Tramway Company for the extension of Line 2.

Côte d’Ivoire secures CFA59 billion for the purchase of 450 Iveco buses 

March 5, 2018
The Government of Côte d’Ivoire, on behalf of SOTRA, a public transport company in Abidjan, has signed a CFA59 billion loan agreement with the Czech Republic-based Ceskoslovenská Obchodni Banka (CSOB) to purchase 450 Iveco buses

AFD, EIB and EBRD to finance Cairo Metro and Alexandria Tram 

February 26, 2018
France-based Agence française de développement (AFD), European Investment Bank (EIB), and European Bank for Reconstruction and Development (EBRD) have announced plans to provide total financing of EUR600 million for the rehabilitation of Cairo Metro Line 1.