Finance: North America

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

• Government of Canada to provide funding for Grand River Transit network [free access]

  August 9, 2019
  The Government of Canada has announced plans to provide up to CAD4 million for investment in the Grand River Transit network serving Conestoga College and the University of Waterloo.

• San Diego MTS allocates USD34 million for new fare collection system, US

  July 29, 2019
  The San Diego Metropolitan Transit System (MTS) has announced plans to allocate USD34 million to implement a new “tap-and-go” fare collection system that will replace the existing Compass Card system.

• FTA awards USD85 million in Low-No grants to 38 bus projects

  July 26, 2019
  The Federal Transit Administration (FTA) has announced plans to allocate USD84.9 million in grants through the Low or No (Low-No) Emission Grant Program to 38 projects in 38 states.

• CCTA receives Caltrans Sustainable Communities Grant, US

  July 24, 2019
  Contra Costa Transportation Authority (CCTA) has received a USD755,000 grant through the Caltrans SB 1 Sustainable Communities Planning Grant Program to evaluate transit options for East Contra Costa County.

• BC Transit secures CAD79 million for 118 new buses, Canada

  July 19, 2019
  BC Transit has secured CAD79 million in funds to procure 118 new buses, including 10 electric buses, for its fleet.

• Oregon Transportation Commission awards over USD19 million for transit projects, US [free access]

  July 19, 2019
  The Oregon Transportation Commission has awarded more than USD19 million in funds through the Statewide Transportation Improvement Fund (STIF) Discretionary Program and the Statewide Transit Network Program to 37 municipal governments, transit agencies, and local authorities across the state.

• Washington State DOT awards grants for vanpool vehicles

  July 17, 2019
  The Washington State Department of Transportation (DOT) has awarded USD10 million in grants to 16 transit agencies for the procurement of 420 vanpool fleet vehicles, including 10 hybrid–electric vehicles.

• FTA allocates USD300 million for transit projects in Arizona, California, and Washington [free access]

  July 10, 2019
  The Federal Transit Administration (FTA) has allocated USD300 million in appropriated Fiscal Year 2019 (FY 2019) Capital Investment Grants (CIG) Program funding to three rail transit projects in Arizona, California, and Washington.

• Montreal Blue Line extension secures federal funding, Canada

  July 5, 2019
  The Government of Canada has announced that it will allocate CAD1.3 billion (USD1 billion) for the development of the Montréal Metro Blue line extension under its Investing in Canada Infrastructure Plan.

• Multiple transit projects in London to receive provincial funding, Canada

  July 1, 2019
  The provincial government of Ontario has announced plans to allocate CAD103.5 million (USD78.5 million) for 10 transit projects in London.

• Virginia allocates USD12 million for electric bus procurement, US

  July 1, 2019
  The Commonwealth of Virginia has allocated USD12 million for the deployment of electric buses to three transit agencies.

• World Bank to fund Abidjan Urban Mobility Project, Cote d' Ivoire

  July 1, 2019
  The World Bank has approved a USD300 million loan for the Abidjan Urban Mobility Project.

• USDOT to allocate USD60.76 million for Dallas LRT platform expansion, US [free access]

  June 30, 2019
  The United States Department of Transportation’s (USDOT) Federal Transit Administration (FTA) has signed a USD60.76 million grant agreement with Dallas Area Rapid Transit (DART) for the extension of the Red and Blue Line platforms under the Capital Investment Grants (CIG) Program.

• FTA allocates USD300 million to San Francisco Transbay Corridor Core Capacity project

  June 21, 2019
  The Federal Transit Administration (FTA) has awarded USD300 million in Fiscal Year 2018 (FY 2018) funding allocation of the Capital Investment Grants (CIG) Program to the Transbay Corridor Core Capacity project.

• FTA awards USD74.1 million grant for Orange Line BRT project in Minneapolis

  June 19, 2019
  The Federal Transit Administration (FTA) has awarded USD74.1 million through the Capital Investment Grants (CIG) Program to the Metropolitan Council in Minneapolis for the construction of the Orange Line bus rapid transit (BRT) project.

• FRA awards USD326 million to rail infrastructure improvement projects, US

  June 13, 2019
  The Federal Railroad Administration (FRA) has awarded USD326 million through the Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program and the Special Transportation Circumstances Program to 45 railroad infrastructure projects in 29 states.

• Canada Infrastructure Bank invests up to CAD2 billion for GO Transit expansion

  June 3, 2019
  Canada Infrastructure Bank (CIB) has announced plans to invest up to CAD2 billion for the expansion of the ‘GO Expansion On Corridor’ project in the province of Ontario.

• LA Metro approves USD7.2 billion budget for FY2020

  May 24, 2019
  The board of directors of the Los Angeles County Metropolitan Transportation Authority (LA Metro) has approved a USD7.2 billion budget for fiscal year 2020 (FY2020).

• FRA cancels USD928 million California HSR grant, US

  May 17, 2019
  The Federal Railroad Administration (FRA) has terminated its Cooperative Agreement with the California High-Speed Rail Authority (CHSRA) and cancelled more than USD928 million in grants for the high-speed rail (HSR) project.

• NJ Transit and Amtrak to invest in NEC railroad, US

  May 16, 2019
  New Jersey Transit (NJ Transit) and Amtrak have announced plans to make a joint investment of USD31 million to refurbish the railroad infrastructure along the Northeast Corridor (NEC) in New Jersey.