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


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North America


CDPQ acquires stake in NRT Consortium, Australia 

November 29, 2019
Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, has acquired a 24.9 per cent stake in the Northwest Rapid Transit (NRT) Consortium, the operator of Sydney Metro Northwest Line.

Federal funds granted for bus projects in 18 states, US [free access]

November 21, 2019
The U.S. Department of Transportation’s (USDOT) Federal Transit Administration (FTA) has allocated grants amounting to approximately USD136.82 million for bus projects across 18 states in the US.

IBank approves USD3.2 billion bond for Victorville–Las Vegas HSR project, US 

November 20, 2019
The California Infrastructure and Economic Development Bank (IBank) has approved USD3.2 billion as a tax-exempt, fixed-rate revenue bond for the development of the Victorville–Las Vegas high-speed rail (HSR) project.

Proposed Route 7 BRT cost escalates, Virginia 

November 15, 2019
The cost of the proposed Route 7 bus rapid transit (BRT) corridor connecting Tysons Corner to Alexandria in Virginia has escalated and is now estimated at USD507 million.



Latin America


Refrota 17 to fund purchase of 75 buses in Baixada Fluminense, Brazil 

November 29, 2019
Brazil’s Ministry of Regional Development has announced plans to provide a total funding of BRL27 million to Empresa de Transportes Flores and Transporte Mageli for the procurement of a total of 75 buses.

Mexico City signs agreement with UNOPS to modernise STC Metro, Mexico [free access]

November 7, 2019
The Government of Mexico City has signed a collaboration agreement with the United Nations Office for Project Services (UNOPS) to advise the city on the modernisation of Mexico City Metro/Sistema de Transporte Colectivo (STC).

Panama allocates USD150 million in 2020–21 Budget for Panama Metro Line 3 

October 30, 2019
The national government of Panama has allocated USD150 million for the construction of Panama Metro Line 3 in its budget for fiscal year 2020–21.

Sao Paulo State signs loan with CAF for Monorail Line 17, Brazil 

October 7, 2019
The state government of São Paulo has signed a USD296 million loan agreement with Corporacion Andina de Fomento-Banco de Desarrollo de América Latina (CAF), development bank of Latin America, to complete the first section of the São Paulo Monorail Line 17 (Gold Line).



Asia Pacific


ADB to finance Dhaka MRT Line 5 Southern Route, Bangladesh 

November 28, 2019
The Asian Development Bank (ADB) has approved a USD33.26 million loan for Dhaka Mass Rapid Transit (MRT) System Line 5 Southern Route.

World Bank to fund Karachi BRT Yellow Line, Pakistan [free access]

November 28, 2019
The World Bank has signed an agreement with the Government of Pakistan to provide a USD382 million loan for the development of the Karachi bus rapid transit (BRT) Yellow Line project.

AIIB to finance Karachi BRT Red Line, Pakistan 

November 23, 2019
The Asian Infrastructure Investment Bank (AIIB) has announced plans to provide a USD71.81 million loan to finance the civil works and operations (including procurement of rolling stock and installation of the fare collection system) of the Karachi bus rapid transit (BRT) system’s Red Line.

Australian government announces infrastructure packages for Western Australia and Queensland 

November 22, 2019
The Government of Australia has signed agreements with the state governments of Western Australia and Queensland to provide funding for infrastructure projects, including public transport.



Europe


Kyiv City Council allocates UAH83.4 billion for transport infrastructure development, Ukraine 

November 26, 2019
The Kyiv City Council has approved the UAH 83.4 billion City Target Program for the development of Kyiv’s transport infrastructure during the period 2019–2023.

MRDH to invest EUR33 million in tram rolling stock and infrastructure, Netherlands 

November 13, 2019
Metropole Region Rotterdam The Hague (MRDH) has signed an agreement with HTM, the public transport operator in The Hague, to invest EUR33 million in the public transport system of The Hague region.

EIB to fund tram expansion in Graz, Austria [free access]

November 12, 2019
The city of Graz has secured funding worth EUR100 million from the European Investment Bank (EIB) for modernisation and expansion of the tramway infrastructure in the city as well as for renewal of the tram and bus fleet.

BP invests EUR10 million in MaaS Global’s Whim app 

November 7, 2019
BP Ventures has invested EUR10 million in Finland-based MaaS Global’s Whim app which allows users to plan their trips and to pay fares for various modes of transport on a single platform.



Middle East & Africa


Abu Dhabi to invest AED473 million in public transport buses, UAE [free access]

August 24, 2019
Abu Dhabi’s Integrated Transport Centre (ITC) has announced plans to purchase 327 buses at an investment of AED473 million to develop the public transport network.

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).