Finance: Middle East & Africa

Developments in transport finance, PPP, debt, equity, M&A deals from Middle East & Africa

• SAPTCO to invest in KEC Medina, Saudi Arabia

  July 23, 2019
  The Saudi Arabia Public Transport Company (SAPTCO) has signed a memorandum of understanding (MoU) with Saudi Arabia’s Knowledge Economic City (KEC) to establish a joint venture (JV) to investment in KEC’s Medina project.

• Kenya allocates KES5.53 billion for bus-only lanes in Nairobi

  May 18, 2019
  The National Treasury of Kenya has allocated KES5.53 billion to develop exclusive lanes for high-capacity buses planned to be deployed in Nairobi.

• EXIM China to finance Cairo LRT, Egypt

  January 18, 2019
  The Export and Import Bank of China has signed a loan agreement with Egypt’s Ministry of Transport to provide a USD1.2 billion soft loan for the Greater Cairo light rail transit (LRT).

• EU to fund Nairobi BRT, Kenya

  October 31, 2018
  The European Union (EU) has approved a grant of USD48.75 million for the development of a bus rapid transit (BRT) system in Nairobi.

• Passenger service commences on Abuja LRT; EXIM China to finance LRV procurement, Nigeria

  July 13, 2018
  Passenger services have commenced on Phase I of Abuja light rail transit (LRT).

• EIB to finance suburban train procurement in Tunis

  April 18, 2018
  The European Investment Bank (EIB) has approved financing of EUR45 million for the procurement of 18 trains by Transtu, the public transport company of the Greater Tunis Area.

• Angola receives AfDB financing for National Transport plan, to increase operating buses in Luanda

  March 30, 2018
  The African Development Bank (AfDB) has provided USD 4 million for the Transport Sector National Steering Plan released in Luanda.

• Dubai secures funds for Metro Route 2020

  March 23, 2018
  Dubai’s Department of Finance has completed the USD2.45-billion infrastructure financing programme of the Route 2020 project of Dubai Metro.

• World Bank to finance Beirut BRT PPP, Lebanon

  March 16, 2018
  The World Bank has approved funding of USD295 million to develop a bus rapid transit (BRT) system in Beirut on public private partnership (PPP) model.

• EIB funds Rabat-Salé Tramway Line 2 extension

  March 8, 2018
  The European Investment Bank (EIB) has signed a EUR40-million loan agreement with Société du Tramway de Rabat Salé (STRS)/Rabat-Salé Tramway Company for the extension of Line 2.

• Côte d’Ivoire secures CFA59 billion for the purchase of 450 Iveco buses

  March 5, 2018
  The Government of Côte d’Ivoire, on behalf of SOTRA, a public transport company in Abidjan, has signed a CFA59 billion loan agreement with the Czech Republic-based Ceskoslovenská Obchodni Banka (CSOB) to purchase 450 Iveco buses

• AFD, EIB and EBRD to finance Cairo Metro and Alexandria Tram

  February 26, 2018
  France-based Agence française de développement (AFD), European Investment Bank (EIB), and European Bank for Reconstruction and Development (EBRD) have announced plans to provide total financing of EUR600 million for the rehabilitation of Cairo Metro Line 1.

• EIB approves financing for Dakar BRT and Rabat LRT

  February 13, 2018
  The Board of the European Investment Bank (EIB) has approved funding for urban transport projects in Rabat (Morocco) and Dakar (Senegal).

• EBRD to finance Cairo Metro Line 1 rehabilitation, Egypt

  February 8, 2018
  The European Bank for Reconstruction and Development (EBRD) proposes to provide a EUR130-million loan to the National Authority for Tunnels (NAT) for the rehabilitation of Cairo Metro Line 1.

• SAPTCO secures loan to procure 50 new buses, Saudi Arabia

  January 2, 2018
  The Saudi Arabia Public Transport Company (SAPTCO) has secured a SAR61.5 million-loan from the Al Rajhi Bank to procure 50 Mercedes-Benz buses.

• Kuwait Metro project to cost KWD3.46 billion, open in 2019

  December 18, 2017
  The Supreme Council for Planning and Development, the agency monitoring the Kuwait Metro project, has estimated the project cost at KWD3.46 billion

• EIB to finance Casablanca Tram Line 2, Morocco

  December 13, 2017
  The European Investment Bank (EIB) has awarded a MAD600-million loan for development of Line 2 of the Casablanca Tramway.

• AfDB to finance Dar es Salaam BRT Phase 2, Tanzania

  November 24, 2017
  The African Development Bank (AfDB) has disbursed TZS360 billion for the development of Phase 2 of the bus rapid transit (BRT) system in Dar es Salaam.

• AFD to finance the upgrade of public transport systems in Egypt

  November 24, 2017
  France-based Agence française de développement (AFD) has signed an agreement with Egypt’s Ministry of Transport to provide a EUR500,000 grant for the upgrade of public transport systems.

• EIB to finance Tunis Metro, Tunisia

  November 13, 2017
  The European Investment Bank (EIB) has granted a 30-year loan of EUR83 million to procure 28 rail cars and construct a 17-km track for the Tunis Metro system.