Finance: North America

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

• FTA grants funding to STA and City of Springfield under CARES Act, US

  May 22, 2020
  The Federal Transit Administration (FTA) has awarded the Spokane Transit Authority (STA) a funding of USD23.4 million to offset the drop in revenues caused by the decrease in ridership due to the spread of the novel coronavirus.

• LANTA, TheRide and CAT receive funding under CARES Act, US

  May 6, 2020
  The US Federal Transit Administration (FTA) has allocated funds to three transport authorities under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

• City of Albuquerque secures funding for EV charging stations and electric bus procurement, US [free access]

  April 23, 2020
  The New Mexico Environment Department has awarded the city of Albuquerque funding of USD180,000 to build 24 new electric vehicle (EV) charging stations across the city.

• CalSTA announces USD500 million in transit infrastructure capital grants, US

  April 21, 2020
  The California State Transportation Agency (CalSTA) has announced USD500 million in transit infrastructure capital grants, as a part of the Transit and Intercity Rail Capital Program (TIRCP).

• Southwest light rail project receives USD81 million funding, US

  April 20, 2020
  The Metropolitan Council of Minnesota has received USD81 million from Hennepin County to continue construction works on the Southwest light rail (LRT) line. Around USD1 billion federal funding is yet to be approved.

• Iowa Transportation Commission approves USD7 million for bus procurement, US

  April 16, 2020
  The Iowa Transportation Commission has approved around USD7 million in grants for 20 public transit systems to purchase a total of 73 replacement buses.

• FRA to provide USD1.2 billion to Amtrak under CARES Act, US

  April 13, 2020
  The Federal Railroad Administration (FRA) will provide around USD1.2 billion to Amtrak under the Coronavirus Aid Relief and Economic Security (CARES) Act.

• ICC allocates USD33 million for Springfield underpass projects, US [free access]

  April 6, 2020
  The Illinois Commerce Commission (ICC) has allocated USD33 million in funding for three Springfield underpass projects in its five-year improvement plan.

• IBRD to fund transport improvement projects in Belo Horizonte, Brazil

  March 30, 2020
  The World Bank Board of Directors has approved a USD80 million loan to improve mobility and to ensure urban inclusion in the Amazonas Corridor in Belo Horizonte.

• US transit agencies to receive USD25 billion in emergency funding

  March 30, 2020
  The Coronavirus Aid, Relief and Economic Security (CARES) Act has been signed into law and provides USD2 trillion in aid to entities that have been impacted by the COVID-19 pandemic.

• Metrolink secures USD10.7 million for rail safety and operations improvements, US

  March 21, 2020
  Metrolink has received funding of USD10.7 million from the Federal Railroad Administration’s (FRA’s) Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program.

• FTA announces USD28.22 million grant for Montana RTS Corridor project, US

  March 13, 2020
  The U.S. Department of Transportation’s (USDOT) Federal Transit Administration (FTA) has announced a USD28.22 million grant for the Montana Rapid Transit Service (RTS) Corridor project in the City of El Paso.

• USDOT issues NOFO for USD1 billion in BUILD grants

  February 20, 2020
  The US Department of Transportation (USDOT) has published a Notice of Funding Opportunity (NOFO) for USD1 billion in Fiscal Year 2020 (FY2020) discretionary grant funding through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.

• ODOT and Ohio EPA awarded grants to replace aging bus fleet, US

  February 7, 2020
  The Ohio Department of Transportation (ODOT) and the Ohio Environmental Production Agency (EPA) have awarded seven transit agencies grants amounting to USD7 million through the Ohio Diesel Emissions Reduction Grant (DERG) Program.

• FTA announces USD454 million funding for buses, Washington

  February 7, 2020
  The Federal Transit Administration (FTA) of the U.S. Department of Transportation has announced a Notice of Funding Opportunity (NOFO) to apply for USD454.6 million in competitive grants.

• FTA allocates funds for three BRT projects, US

  February 7, 2020
  The U.S. Department of Transportation’s (USDOT) Federal Transit Administration (FTA) has awarded three grants for three bus rapid transit (BRT) projects under its Capital Investment Grants (CIG) Program.

• Funding secured for Federal Way Link Extension Project, US

  January 24, 2020
  Sound Regional Transit Authority (Sound Transit) has secured USD1.4 billion in federal funding for the development of Federal Way Link Extension Project.

• TriMet receives USD87.4-million CIG grant for Division Transit Project, US [free access]

  January 24, 2020
  TriMet has secured USD87.4 million through the Federal Transit Administration’s (FTA) Capital Investment Grant (CIG) Program for the development of Division Transit Project, a bus rapid transit (BRT) project.

• New York MTA approves 2020 budget

  December 27, 2019
  The New York Metropolitan Transportation Authority (MTA) has approved USD17 billion in its Budget 2020 and four-year financial plan.

• FTA to grant USD423 million for bus infrastructure, US

  December 27, 2019
  The United States (US) Federal Transit Administration (FTA) has announced an award of USD423 million for the development of bus infrastructure to enhance safety and reliability for commuters.