Finance: Latin America

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

• SCT to fund Monterrey Metro Line 3, Mexico

  July 10, 2017
  Mexico’s Sistema de Transporte Colectivo (STC) has announced plans to allocate USD65.4 million for the construction of eight stations and workshops for the Monterrey Metro Line 3.

• SHCP to secure loan for Monterrey Metro Line 3

  June 30, 2017
  The Secretaría de Hacienda y Crédito Público (SHCP) has announced plans to secure an MXN2.32-billion loan to acquire 26 trains for Monterrey Metro Line 3.

• Argentina secures loan to install ATS for Buenos Aires commuter rail

  June 23, 2017
  The Government in Argentina has signed a USD49.5-million loan agreement with the Japan Bank for International Co-operation (JBIC) to install an automatic train stop (ATS) system on eight lines of the Buenos Aires commuter rail system in Argentina.

• EIB to fund Buenos Aires modernisation, Argentina

  June 13, 2017
  The European Investment Bank (EIB) has announced plans to provide EUR89 million for rehabilitation of the Buenos Aires Metro system.

• Mexico federal government to allocate funds for Mexico Metro Line 9 extension

  June 9, 2017
  Mexico federal government is expected to allocate MXN90 million (USD4.94 million) for the extension of Mexico Metro Line 9.

• Mercedes-Benz to supply 200 buses to Brazil; BNDES approves funding

  June 9, 2017
  Mercedes-Benz has secured the contract from seven public transport companies – Caxangá, Metropolitan, Mirim, Mobibrasil, Pedrosa, St. Judas Tadeu and Rodotur – to supply a total of 200 1721 chassis buses.

• Viacao Jauense to acquire seven Iveco Bus, Brazil

  May 26, 2017
  Brazil-based bus operator, Viacao Jauense, has announced plans to acquire seven buses from Iveco Bus as a part of its fleet renewal programme.

• JBIC-DB to finance Buenos Aires Subway upgrade, Argentina

  May 23, 2017
  Japan Bank for International Cooperation (JBIC) and Deutsche Bank have signed a loan agreement with the Government of Argentina to provide USD49.5 million for installation of the automatic braking system on the Buenos Aires Subway.

• KfW IPEX-Bank to provide funds to IAMSA, Mexico

  May 19, 2017
  The KfW IPEX-Bank will provide EUR21.3 million to the Inversionistas en Autotransportes Mexicanos S.A. (IAMSA), the Mexican bus operator, for the procurement of 55 high-floor MAN double-decker buses.

• EIB to fund Managua BRT, Nicaragua

  May 16, 2017
  The European Investment Bank (EIB) has announced plans to provide USD136 million to finance the construction of the new bus rapid transit (BRT) line in Managua.

• Odebrecht exits Quito Metro Consortium

  May 4, 2017
  Brazil-based Odebrecht Transport has exited the consortium which secured the USD1.54-billion contract to construct Quito Metro Phase II by 2018-19 in October 2015.

• São Paulo Metro investment reduced in 2016, Brazil

  April 13, 2017
  Companhia do Metropolitano de São Paulo (CMSP), the operator of the São Paulo metro rail system, has announced that the metro rail system received funding of USD743.01 million in 2016, which is 30 per cent less than the 2015 allocation.

• São Paulo plans to develop inter-city rail, Brazil

  March 30, 2017
  The Government of São Paulo has announced plans to develop a 431-km long inter-city passenger rail network at an investment of USD5.5 billion.

• Mexico government to invest USD253 million to upgrade the public transport system

  March 14, 2017
  Mexico’s Government has announced plans to invest USD253 million to upgrade the country’s public transport system.

• Funds secured for Panama Metro rolling stock [free access]

  March 9, 2017
  Panama’s Ministry of Economy and Finance has signed a loan agreement worth USD137.33 million with three international entities including ING Bank and Citibank for the procurement of 70 new cars for the metro network.

• STC Metro declares annual system maintenance costs

  February 15, 2017
  Sistema de Transporte Colectivo (STC), the government body responsible for the Mexico City Metro system, has announced that it requires MXN6 billion per year to maintain the services of the metro system.

• Cochabamba LRT to begin construction, Bolivia

  February 10, 2017
  Spain-based Joca Ingeniería y Construcciones (JOCA) is expected to begin construction on the light-rail transit (LRT) line in Cochabamba, Bolivia, in March 2017.

• Funds allocated for Quito Metro [free access]

  February 9, 2017
  Metro de Quito has received funding of USD660 million to construct the Quito Metro Line 1.

• Colombia allocates funds for urban rail projects in Bogotá [free access]

  January 31, 2017
  The Government of Colombia has allocated USD5.1 billion for the development of the urban rail lines in Bogotá.

• Guadalajara Peribus receives funding

  January 23, 2017
  Mexico's Finance Ministry has approved funding for the revival of Peribus bus system in Guadalajara at an investment of about USD30.2 million.