Finance: Latin America

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

• 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.

• Banobras to fund rolling stock procurement for Monterrey Metro Line 3, Mexico [free access]

  June 15, 2018
  Mexico’s National Bank of Public Works and Services (Banobras)/Banco Nacional de Obras y Servicios Publicos) has announced plans to provide MXN1.85 billion for the procurement of 26 railcars for Monterrey Metro Line 3.

• IADB approves loan for Quito Metro, Ecuador

  April 28, 2018
  The Inter-American Development Bank (IADB) has approved a USD250-million loan for the development of Quito Metro Line 1.

• World Bank and IDB to fund Bogotá Metro Line 1, Colombia [free access]

  April 24, 2018
  The World Bank and Inter-American Development Bank (IADB) have announced plans to provide USD1.2 billion (USD600-million each) for Line 1 of the Bogotá Metro.

• Ministry of Cities funds Campinas BRT Phase II, Brazil

  April 13, 2018
  The Municipality of Campinas has secured funding of BRL87 million from the Ministry of Cities for Phase II of the Campinas bus rapid transit (BRT).

• Government of Brazil funds bus renewal in Rio de Janeiro and São Paulo

  April 9, 2018
  The National Government of Brazil, through its Urban Collective Public Transport Fleet Renewal Program 2017 (Refrota-17), has allocated BRL26.9million to three public bus operators for the renewal of 75 buses

• Mexico City receives funding for Metro Line 12 expansion [free access]

  March 17, 2018
  Mexico’s Sistema de Transporte Colectivo (STC) has announced plans to allocate MXN1 billion for the expansion of Line 12 of Mexico City Metro.

• Brasília Metro to invest in expansion and modernisation, tenders in June 2018, Brazil

  January 17, 2018
  The Ministry of Cities has disbursed BRL275 million to Metrô-DF, the operator and developer of the Brasília Metro, to extend Orange Line (funding of BRL162.5 million) and modernise communication and signalling system (funding of BRL112 million).

• Government of Brazil to finance Rio de Janeiro’s bus renewal

  December 15, 2017
  The National Government of Brazil, through its Urban Collective Public Transport Fleet Renewal Program 2017 (Refrota-17), has allocated BRL33 million to two public bus operators (Viação União and Ponte Coberta) in the State of Rio de Janeiro for renewal of the urban bus fleet.

• 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.