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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


New Flyer acquires ARBOC Specialty Vehicles 

December 4, 2017
New Flyer Industries Incorporated has acquired 100-per-cent equity interest in ARBOC Specialty Vehicles for a consideration of USD95 million.

MBTA secures federal loan for PTC project, US 

November 17, 2017
The Massachusetts Bay Transportation Authority (MBTA) has secured a USD382-million federal loan to deploy positive train control (PTC) technology on the commuter rail system.

Mississauga City Council approves funding for Hurontario LRT infrastructure upgrades 

October 19, 2017
The Mississauga City Council has approved funding of USD20.82 million for infrastructure upgrades for the Hurontario light-rail transit (LRT) project.

Virgin Group invests in Hyperloop One, United States 

October 16, 2017
Britain-based Virgin Group has made significant investment in US-based Hyperloop One and rebranded the company as Virgin Hyperloop One.



Latin America


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.

Bogotá Metro Line 1 receives funding, tender in November 2017 

September 28, 2017
Colombian national government has allocated COP9.1 trillion for the construction of Line 1 of Bogotá Metro.

Metro de Medellín to invest COP15 trillion in network expansion, Colombia 

September 16, 2017
Metro de Medellín, operator of Medellín Metro, has announced plans to invest COP15 trillion in network expansion to integrate the metro with other public transport modes.

Government allocates funds for Metro de Panamá, Panama 

September 15, 2017
Metro de Panamá has received USD575 million from the national government’s annual budget.



Asia Pacific


Jakarta to invest in Jabodebek LRT, launch integrated ticketing, Indonesia [free access]

December 11, 2017
The city government of Jakarta has revised the budget for development of light rail transit (LRT) systems in the Greater Jakarta region from IDR31 trillion to IDR29.9 trillion.

BYD to invest in monorail projects in China 

December 7, 2017
Shenzhen-based BYD has approved the plan to set up a CNY6.25-billion private equity fund to finance monorail transit systems in China.

China Railway Hi-Tech Industry and Changzhou Tiansheng New Materials to form rail transit JV, China [free access]

December 2, 2017
China Railway Hi-Tech Industry, a subsidiary of China Railway Group and Changzhou Tiansheng New Materials are forming the joint-venture (JV), China Railway New Rail Transit Vehicle.

World Bank to fund electric buses in Bengal, India 

November 29, 2017
The World Bank has agreed to provide INR91 million as subsidy to the state government of West Bengal to purchase 130 electric buses.



Europe


EIB to fund ÖBB-PV’s rolling stock procurement, Austria 

December 6, 2017
The European Investment Bank (EIB) has granted a EUR500-million loan to ÖBB-Personenverkehr AG (ÖBB-PV) for the procurement of new Cityjet train sets.

PPF to acquire Skoda Transportation [free access]

November 27, 2017
PPF Group has signed an agreement with CEIL (sole shareholder of the Škoda Transportation Group) to purchase 100-per-cent shares of Škoda Transportation.

TCDD secures funds for 10 high-speed trains; invites bids for 96 high-speed trains, Turkey 

November 24, 2017
The Government of Turkey has signed two financing agreements of a total value of USD567 million with the Islamic Development Bank (IDB).

UK to fund Tyne & Wear Metro’s fleet replacement; tender in January 2018 

November 23, 2017
The Government of United Kingdom (UK) has allocated GBP337 million under the Autumn Budget 2017 for fleet replacement of the Tyne & Wear Metro.



Middle East & Africa


AfDB to finance Dar es Salaam BRT Phase 2, Tanzania 

November 24, 2017
The African Development Bank (AfDB) has disbursed TZS360 billion for the development of Phase 2 of the bus rapid transit (BRT) system in Dar es Salaam.

AFD to finance the upgrade of public transport systems in Egypt 

November 24, 2017
France-based Agence française de développement (AFD) has signed an agreement with Egypt’s Ministry of Transport to provide a EUR500,000 grant for the upgrade of public transport systems.

EIB to finance Tunis Metro, Tunisia 

November 13, 2017
The European Investment Bank (EIB) has granted a 30-year loan of EUR83 million to procure 28 rail cars and construct a 17-km track for the Tunis Metro system.

EIB to provide loan for Cairo Metro Line 1 upgrade, Egypt 

October 13, 2017
The European Investment Bank (EIB) has approved a EUR180-million loan to Egypt’s National Authority of Tunnels (NAT) for the rehabilitation of Cairo Metro Line 1.