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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


TDOT to finance purchase and operations of electric buses in Memphis, US 

July 9, 2018
The Memphis Area Transit Authority (MATA) has received a USD19.9-million grant through the Congestion Mitigation and Air Quality (CMAQ) programme of the Tennessee Department of Transportation (TDOT) to procure 10 electric buses and to construct electric charging stations along a new route, which will serve the Southeast Memphis and Memphis International Airport areas.

TransLink Board, Mayors’ Council approve CAD7.3 billion for Metro Vancouver transit plan, Canada 

June 28, 2018
The Mayors’ Council on Regional Transportation and the TransLink Board of Directors have approved an investment of CAD7.3 billion for Phase II of the 10-year Metro Vancouver transit plan, the largest ever investment planned in transit in the region.

World Bank approves funds for Quito Metro, Ecuador [free access]

June 25, 2018
The World Bank has approved a USD230-million loan for the development of Quito Metro Line 1.

FTA announces USD366.3-million grant for bus projects 

June 21, 2018
The Federal Transit Administration (FTA) has allocated USD366.3-million under the Buses and Bus Facilities Infrastructure Investment Program for fiscal year 2018 (FY2018).



Latin America


Banobras to fund rolling stock procurement for Monterrey Metro Line 3, Mexico [free access]

June 15, 2018
Mexico’s National Bank of Public Works and Services (Banobras)/Banco Nacional de Obras y Servicios Publicos) has announced plans to provide MXN1.85 billion for the procurement of 26 railcars for Monterrey Metro Line 3.

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).



Asia Pacific


New Zealand announces investments in public transit 

July 3, 2018
The Government of New Zealand has announced investment planned for public transit over 10 years.

Colombo LRT land acquisition begins, JICA to finance project, Sri Lanka [free access]

July 2, 2018
The Ministry of Megapolis and Western Development in Sri Lanka has started acquiring land for the construction of the fully-elevated light rail transit (LRT) system in Colombo.

JICA to fund Manila MRT-3 modernisation, Philippines 

June 25, 2018
The Philippines Department of Transportation (DOTr) has signed a loan agreement with the Japan International Co-operation Agency (JICA) to provide official development assistance (ODA) of JPY38.101 billion for the rehabilitation and maintenance of Metro Rail Transit (MRT) Line 3 (MRT-3) in Manila.

NSW allocates USD10.7 billion for development of public transport 

June 22, 2018
The state government of New South Wales (NSW) has allocated USD10.7 billion in its 2018-19 budget for the development of public transport.



Europe


CAF to acquire Solaris Bus & Coach in 2018 

July 3, 2018
Spain-based Construcciones y Auxiliar de Ferrocarriles (CAF) has signed an agreement to fully acquire Poland-based Solaris Bus & Coach (Solaris).

BP to acquire Chargemaster, United Kingdom 

June 28, 2018
UK-based BP has signed an agreement to acquire UK-based Chargemaster.

Milan Metro Line M4 cost escalates; to be completed in phases by July 2023, Italy 

June 12, 2018
The project cost of Milan Metro Line 4 (M4) has escalated by EUR313 million, taking the total cost for the line to over EUR2 billion.

PFR acquires Pesa, Poland [free access]

June 1, 2018
The Polish Development Fund/Polski Fundusz Rozwoju (PFR) has acquired Poland-based Pesa, which was facing financial difficulties due to lack of contracts.



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.