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

North America Latin America Asia Pacific
Europe Middle East & Africa

North America

Canadian Pacific Railway acquires Kansas City Southern 

September 15, 2021
Canada-based Canadian Pacific Railway (CP) has acquired US-based Kansas City Southern (KCS) in a stock and cash transaction representing an enterprise value of approximately USD31 billion, which includes USD3.8 billion of outstanding KCS debt.

Birmingham City Council allocates funds for Xpress BRT project in Alabama, US 

August 26, 2021
The Birmingham City Council has allocated USD18 million under the American Rescue Plan for the development of the Birmingham Xpress bus rapid transit (BRT) project.

IndyGo Purple Line BRT receives USD81 million in grants from FTA, US [free access]

August 24, 2021
The Federal Transit Administration (FTA) has awarded a USD81 million grant to the Indianapolis Public Transportation Corporation (IndyGo) for the development of Purple Line bus rapid transit (BRT) project in Central Indiana.

SYSTRA–KBR JV secures contract for Sydney Metro West, Australia 

August 20, 2021
A joint venture (JV) of SYSTRA and KBR has secured the contract to provide independent certification services for the Sydney Metro West project.

Latin America

Metro de Santiago issues USD650 million bonds to fund metro projects, Chile 

September 13, 2021
Metro de Santiago has issued bonds worth USD650 million in the international market to finance Line 7, Line 8, and Line 9 (partially) as well as extensions of Line 2 and Line 3.

Funds allocated for expansion of Belo Horizonte Subway network, Brazil 

August 26, 2021
The Government of Brazil and the state government of Minais Gerais have approved plans to invest BRL3.20 billion to expand the subway network in Belo Horizonte.

CAF to fund Sao Paulo Metro Line 2 extension, Brazil 

August 12, 2021
CAF – Development Bank of Latin America has approved plans to provide USD550 million in funding for developing an extension of Line 2 of the São Paulo Metro network.

Banobras to fund Mayan Train Section 1, Mexico 

July 8, 2021
Banco Nacional de Obras y Servicios Públicos (Banobras), a Mexico-based development bank, has announced plans to provide funding for the Mayan Train Project.

Asia Pacific

China to invest USD154.88 billion in railway expansion in Yangtze Delta by 2025 

September 13, 2021
The Government of China has announced plans to invest RMB1 trillion (USD154.88 billion) under the 14th Five-year Plan (2021–25) to expand the railway network in the Yangtze River Delta (YRD) region.

Cao Cao raises USD589 million funding, China [free access]

September 10, 2021
Geely’s ride-hailing platform Cao Cao has raised CNY3.8 billion (USD589 million) in funding to upgrade its technology and expand its fleet.

MLIT announces KRW1.7 trillion budget for expansion of metropolitan transportation infrastructure, South Korea 

September 9, 2021
South Korea’s Ministry of Land, Infrastructure and Transport (MLIT) has announced a budget of KRW1.7 trillion for the expansion of metropolitan transportation infrastructure.

THSRC to issue green bonds, Taiwan 

September 1, 2021
Taiwan High Speed Rail Corporation (THSRC) has announced plans to raise USD35.95 million (TWD1 billion) through the issue of green bonds.


WMCA sanctions bids for government funds to invest in transit services, UK 

September 20, 2021
The West Midlands Combined Authority (WMCA) has sanctioned bids for two government funds that when combined with local funds are expected to fetch a total investment of up to GBP2 billion for transport in the region, over the next five years.

AB Transitio signs loan agreement with EIB for new regional trains, Sweden 

September 17, 2021
AB Transitio has signed a SEK480 million loan agreement with the European Investment Bank (EIB) for the procurement of 12 new double-decker electric multiple units (EMUs).

Meridiam acquires 40 per cent stake in SETRAG, Gabon 

September 15, 2021
France-based Meridiam has acquired a 40 per cent stake in Societe d'Exploitation du Transgabonais (SETRAG) by investing EUR30 million.

EBRD to increase investment in rail networks in western Balkan region 

September 14, 2021
The European Bank for Reconstruction and Development (EBRD) plans to increase its investment in rail networks across the western Balkan nations, including Albania, North Macedonia, Montenegro, Bosnia and Herzegovina, Serbia, and Kosovo, to assist the region in improving its connectivity while addressing climate change.

Middle East & Africa

Government of Uganda to borrow funds for Kampala–Malaba railway line refurbishment 

May 19, 2021
The Government of Uganda has announced plans to borrow a total of EUR325 million to facilitate the refurbishment of the Kampala–Malaba Metre Gauge Railway Project.

National Railways Authority allocates USD14.36 billion for development of rail network, Egypt 

March 31, 2021
The Egyptian National Railways Authority has allocated USD14.36 billion for the development of its railway network.

Ethiopia–Sudan standard gauge project study secures funding 

June 16, 2020
The African Development Bank (ADB) has awarded a USD1.2 million grant to the government of Ethiopia to fund a two-year comprehensive feasibility study for the construction of a 1,522-km standard gauge line from Addis Ababa to Khartoum.

Addis Ababa BRT secures USD93 million concessional loan from South Korea, Ethiopia 

April 1, 2020
Ethiopia’s Addis Ababa Bus Rapid Transit (BRT) and land information management system (LIMS) has received a concessional loan of USD93 million from South Korea.