Finance: Latin America

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

• BRL79.2 million approved for Contagem urban mobility project, Brazil

  July 29, 2019
  Brazil’s Ministry of Regional Development (MDR) has approved a BRL79.2 million loan to finance an urban mobility project in Contagem, a city in Minas Gerais.

• CCR acquires majority stake in VLT Carioca Consortium, Brazil

  July 24, 2019
  Companhia de Investimentos em Infraestrutura e Serviços (CIIS), a subsidiary of Brazil-based CCR S.A., has acquired a 50.31 per cent stake in the Concessionária do VLT Carioca/ VLT Carioca consortium.

• Caixa begins financing of RETREM, Brazil

  July 19, 2019
  Caixa Econômica Federal, a Brazilian bank, has announced plans to finance the Programa de Renovação de Frota de Transporte Público Coletivo Urbano de Passageiros sobre Trilhos (RETREM).

• BRL34 million approved for Cascavel urban mobility project, Brazil

  July 11, 2019
  Brazil’s Ministry of Regional Development (MDR) has approved a BRL34 million loan to finance urban mobility projects in Cascavel.

• Brazil government launches plan to finance urban rail systems

  July 3, 2019
  The Government of Brazil has launched a programme to finance the procurement and renewal of urban rail systems such as rolling stock, signalling, telecommunication, and control systems in the country under the programme named Programa de Renovação de Frota de Transporte Público Coletivo Urbano de Passageiros sobre Trilhos (RETREM).

• Costa Rica’s National Bank to fund hybrid buses for San Jose

  June 25, 2019
  The National Bank of Costa Rica/Banco Nacional de Costa Rica has announced plans to provide a CRC183.61 million loan for the procurement of two diesel–electric hybrid buses.

• Mexico City to fund light-rail track-replacement works

  May 4, 2019
  The government of Mexico City has announced plans to invest MXN280 million to replace the tracks of Mexico City’s light rail Taxqueña–Azteca Stadium section.

• Peru funds Lima Metro Line 4 studies

  March 28, 2019
  Peru’s Ministry of Economy and Finance (MEF) has transferred PEN17.64 million to Peru’s Ministry of Transport and Communications to fund feasibility and environmental impact studies for Lima Metro Line 4.

• Mexico City to invest MXN30 billion in public transit by 2025, Mexico

  March 13, 2019
  The city government of Mexico City has announced plans to invest MXN30 billion during 2019–2025 to expand the public transport network in the city.

• Mexico funds Guadalajara LRT Line 3; to begin operations by December 2019

  February 28, 2019
  The Government of Mexico has allocated USD239.08 million for Guadalajara light rail transit (LRT) Line 3 and has announced plans to commence operations by December 2019.

• EIB to finance Buenos Aires Subway modernisation

  December 12, 2018
  The European Investment Bank (EIB) has approved a USD104-million loan to finance the modernisation of Buenos Aires Subway Line D and the upgrade of Obelisco Station, which connects Lines B, C and D.

• CAF to finance São Paulo Metro Line 17 Phase I

  December 8, 2018
  Corporacion Andina de Fomento (CAF), the development bank of Latin America, has approved a USD296-million loan for the construction of Phase I of the São Paulo Metro Line 17.

• Mexico City presents MXN10.2-billion Mobility Plan

  November 22, 2018
  The city government of Mexico City has released a Mobility Plan, which proposes an investment of MXN10.2 billion in public transportation.

• Argentina to invest in transport infrastructure in 2019

  September 26, 2018
  Argentina’s Ministry of Transport has announced plans to invest ARS180 billion in transport infrastructure in 2019.

• Urban transport firms to finance Cancún-Tulum Metrobus BRT

  September 19, 2018
  A consortium of local urban transport firms - Turicún, Autocar, Maya Caribe and Cooperativa Bonfil - has announced plans to provide an initial investment of MXN250 million for the construction of Cancún-Tulum Metrobus bus rapid transit (BRT) project.

• 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.

• 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.