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

North America Latin America Asia Pacific
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North America

MDOT MTA awards grants to five innovative public transportation projects, US 

September 14, 2018
The Maryland Department of Transportation’s Maryland Transit Administration (MTA) has awarded USD515,377 in five Statewide Transit Innovation Grants (STIG) to Baltimore city and Cecil, Charles, Howard and Queen Anne’s counties for projects aimed at improving transit services in the region.

Dallas-Houston HSR secures Japanese loan, US 

September 14, 2018
Texas Central Partners (TCP) LLC has secured a USD300-million loan from Japanese sources to conduct engineering works for the high-speed rail (HSR) line from Dallas to Houston.

FRA issues NOFO for PTC deployment, US 

September 12, 2018
The United States Department of Transportation’s Federal Railroad Administration (FRA) has issued a Notice for Funding Opportunity (NOFO) to award grants worth USD46.3 million for Positive Train Control (PTC) deployment on commuter, intercity passenger and freight railways.

FTA allocates grants for IndyGo Red Line BRT and Lynnwood Link LRT, US 

September 7, 2018
The United States Department of Transportation’s Federal Transit Administration (FTA) has allocated USD25 million to the Indianapolis Public Transportation Corporation (IndyGo) for the Red Line bus rapid transit (BRT) system and USD100 million to Sound Transit for the Lynwood Link light rail transit (LRT) extension project in fiscal year (FY) 2018 funding.

Latin America

Bogotá BRT receives funding for two corridors, Colombia [free access]

August 8, 2018
Colombia’s Economic and Social Policy Council/Consejo Nacional de Política Económica y Social (CONPES) has approved COP4.02 trillion (USD1.3 billion) for the development of two corridors, namely, Avenue 68 and Avenue Ciudad de Cali, of TransMilenio bus rapid transit (BRT) system in Bogotá.

World Bank approves loan for Bogotá Metro, Colombia 

August 3, 2018
The World Bank has approved the first loan of USD70 million for Line 1 of the Bogotá Metro.

IDB approves credit line for Bogotá Metro 

August 1, 2018
The Inter-American Development Bank (IADB) has approved a conditional credit line of USD600 million and its first loan of USD70 million for Line 1 of the Bogotá Metro.

Quito Metro Line 1 achieves financial closure, secures CAF loan for Phase 2 

July 18, 2018
Corporacion Andina de Fomento (CAF), the development bank of Latin America, has approved a loan of USD152.2 million for the construction of Phase 2 of Quito Metro Line 1.

Asia Pacific

Kochi Metro secures funding for Thripunithura extension; to launch common mobility card by November 2018, India 

September 17, 2018
The Government of India has announced plans to provide 15 per cent equity for the development of the Thripunithura extension of the Kochi Metro.

Lahore Metro Orange Line secures funding; to open in March 2019, Pakistan 

September 10, 2018
The provincial government of Punjab has approved PKR162.6 million for the Orange Line of Lahore Metro.

KL-Singapore HSR construction held till May 2020; Malaysia to pay abortive costs 

September 7, 2018
The Governments of Singapore and Malaysia have announced plans to suspend the construction of the Kuala Lumpur-Singapore high speed rail (KL-Singapore HSR) up to May 31, 2020, and discuss options for cost reduction.

Vijayawada to procure 765 buses by March 2019, India 

September 4, 2018
The Vijayawada Regional Transport Corporation has announced plans to procure 765 buses by March 2019.


Regional government to replace 200 Euro-6 buses in Turin, Italy 

September 14, 2018
The Regional Council of Piedmont has allocated EUR24 million to replace 200 buses fuelled by compressed natural gas (CNG), liquefied natural gas (LNG) or diesel in ​​Turin.

EC to finance Bucharest Metro Line M6 [free access]

September 14, 2018
Romania's Ministry of Transport has received approval from the European Commission (EC) to secure EUR1.39 billion in financing for the construction of Bucharest Metro Line M6.

CAF acquires Solaris Bus & Coach; sells stake to PFR 

September 5, 2018
Spain-based Construcciones y Auxiliar de Ferrocarriles (CAF) has secured approvals from the Polish and German anti-trust authorities and completed acquisition of Poland-based Solaris Bus & Coach as per the agreement signed in July 2018.

Oktal acquires Sydac from Knorr-Bremse [free access]

August 30, 2018
Knorr-Bremse AG has sold Sydac, its driver training simulators business for rail vehicles, to Oktal, a subsidiary of the France-based Sogeclair.

Middle East & Africa

Passenger service commences on Abuja LRT; EXIM China to finance LRV procurement, Nigeria 

July 13, 2018
Passenger services have commenced on Phase I of Abuja light rail transit (LRT).

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.