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

North America Latin America Asia Pacific
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North America

USDOT allocates funds for Virginia Street BRT extension project, US 

October 11, 2019
The United States Department of Transportation’s (USDOT) Federal Transit Administration (FTA) has allocated a USD40.4 million grant for the development of the Virginia Street Bus Rapid Transit (BRT) Extension project in Reno, Nevada.

FTA grants USD75 million for Tempe Streetcar project, US 

September 25, 2019
The U.S. Department of Transportation’s Federal Transit Administration (FTA) has allocated USD75 million in grant funding to Valley Metro for the Tempe Streetcar project in Tempe, Arizona.

Capital Metro approves USD403.7 million budget; releases new version of mobile app, US 

September 23, 2019
The Capital Metropolitan Transportation Authority/Capital Metro, the public transportation provider for Austin, has approved a USD403.7 million budget.

FTA announces funds to support transit planning, US 

September 18, 2019
The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced plans to allocate USD19.2 million to support comprehensive planning that improves access to public transit under its Pilot Program for Transit-Oriented Development (TOD) Planning.

Latin America

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).

Ministry of Regional Development to finance 120 buses in Rio de Janeiro, Brazil 

September 27, 2019
The National Secretariat of Urban Mobility of Brazil’s Ministry of Regional Development has announced plans to allocate BRL45.1 million to Transportes Barra, Viação Redentor and Transportes Futuro for the acquisition of 120 buses to be deployed in Rio de Janeiro.

Mexico train projects to receive funding for pre-investment studies [free access]

September 14, 2019
The Federal Government of Mexico has announced plans to invest MXN60 million in pre-investment studies of the suburban train in the Monterrey Metropolitan Area and the Guanajuato-Querétaro Metropolitan and Inter-municipal State Train.

Mexico City to invest MXN40 billion in metro modernisation, Mexico 

September 4, 2019
The government of Mexico City has announced plans to invest MXN40 billion in the modernisation of the Mexico City Metro/ Sistema de Transporte Colectivo (STC) to increase the capacity of the system to six million passengers.

Asia Pacific

Taiwan government to invest USD972.4 million in electric buses 

October 13, 2019
Taiwan’s Ministry of Transportation and Communications has announced plans to invest USD972.4 million (TWD30 billion) to deploy an all-electric bus fleet in the country by 2030.

Gamuda to acquire stake in Martinus Rail, Australia 

October 10, 2019
Malaysia-based Gamuda has announced plans to acquire a 50 per cent stake in Australia-based Martinus Rail.

SeaLink Travel to acquire Transit Systems, Australia [free access]

October 9, 2019
Australia-based tourism and travel company SeaLink Travel Group has announced plans to acquire Transit Systems, a public bus operator in Australia.

KEXIM bank grants loan for Addis Ababa BRT, Ethiopia 

September 26, 2019
The Export-Import Bank of Korea (Exim Bank) has signed a USD63 million loan agreement with Ethiopia for the construction of a 11.05-km long bus rapid transit (BRT) corridor in Addis Ababa, connecting Torhailoch Square with Addis Ababa Bole Airport.


Funding agreement signed to upgrade Sofia’s public transport fleet, Bulgaria [free access]

October 14, 2019
Bulgaria’s Minister of the Environment and Water Resources, the Sofia Electric Transport EAD, and Sofia Auto Transport EAD have signed three funding contracts of total worth BGN218 million under the European Union’s Operational Program Environment (OPE) 2014–2020 programme for the deployment of eco-friendly trams, buses and trolleybuses in Sofia, Bulgaria.

BRT projects in Indonesia secure funding 

October 10, 2019
The governments of the UK, Switzerland, and Germany have announced plans to provide USD23.1 million (EUR21 million) as grants for the development of bus rapid transit (BRT) systems in five cities of Indonesia.

EIB funds clean buses in Rotterdam, Netherlands 

October 2, 2019
The European Investment Bank (EIB) has signed a EUR115-million loan agreement with Metropole Region Rotterdam The Hague (MRDH) and Rotterdamse Elektrische Tram (RET), Rotterdam’s public transport operator, to buy electric buses and diesel-hybrid buses and install the related charging infrastructure as well as renew tram and metro tracks at various points.

Timisoara City Council secures funding for public transport projects, Romania 

October 2, 2019
The West Regional Development Agency (RDA) and the Timisoara City Hall have signed a EUR28.87-million funding agreement for two public transport projects; “Rehabilitation of tram lines and modernisation of street network in the City of Timisoara, Route 5, Calea Bogdăneștilor” and “Renewal of Tram Fleet – Stage 2”.

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).