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


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North America


Transit agencies in Kentucky receive funds to purchase clean buses, US 

October 14, 2020
Four transit agencies in Kentucky have been awarded a total of USD8.5 million under the Volkswagen Environmental Mitigation Trust, to replace ageing buses with zero-emission vehicles. The funds will be used to replace around 170 buses in both transit and school fleets.

FTA awards USD9.1 million in safety grants to 10 projects, US 

October 9, 2020
The Federal Transit Administration (FTA) has awarded USD9.1 million to ten projects under two initiatives at the U.S. Department of Transportation (USDOT) that are designed to support safety and innovation in the transit industry.

PVTA receives federal grant for bus improvements, US 

October 9, 2020
The U.S. Department of Transportation (USDOT) has awarded the Pioneer Valley Transit Authority (PVTA) USD680,000 to fund a transit review and improvement planning study to identify ways to reduce travel times and to create greater access to jobs for rural residents in Western Massachusetts.

FTA awards transit grants through HOPE programme, US 

October 8, 2020
The Federal Transit Administration (FTA) has awarded USD8.5 million to 25 projects through the Helping Obtain Prosperity for Everyone (HOPE) programme, which helps support planning and technical studies to improve transit, such as evaluating new routes, creating new connections, and incorporating modern technologies.



Latin America


Government of Mexico to invest in rail projects [free access]

October 8, 2020
The Government of Mexico has announced plans to invest over MXN297 million in 39 projects in communications, transport, energy, water, and environmental projects

Government of Brazil to fund Belo Horizonte Metro Line 2 

September 8, 2020
Brazil’s Ministry of Infrastructure has announced plans to provide BRL1.20 billion for the construction of Line 2 of Belo Horizonte Metro.

Enel X and AMP Capital to enter into JV to develop electric public transport infrastructure 

September 4, 2020
US-based Enel X has signed an agreement with Australia-based investment manager AMP Capital to establish a joint venture (JV) to develop electric public transport infrastructure in the Americas.

Government of Mexico reallocates funds for Mexico–Toluca interurban train 

September 4, 2020
The Government of Mexico has reallocated USD18.4 million (MXN400 million) for the construction of the Mexico–Toluca interurban train.



Asia Pacific


Governments of Australia and Western Australia allocate funds for transport in budget for FY2020–21 

October 12, 2020
The Government of Australia in its budget for FY2020–21 has allocated AUD854.30 million for 10 new transport projects in three states.

Biocon Foundation to invest in Bangalore Metro, India 

October 9, 2020
Biocon Foundation has signed a memorandum of understanding (MoU) with Bangalore Metro Rail Corporation Limited (BMRCL) to invest INR650 million in the development of the Hebbagodi Metro Station of the Bangalore Metro Phase II project.

Kolkata East–West Metro Corridor cost revised; network expanded, India 

October 8, 2020
The Government of India has approved the revised project cost for the Kolkata East–West Metro Corridor.

Bangkok–Nong Khai HSR budget increased, Thailand 

October 5, 2020
The Government of Thailand has approved plans to allocate an additional THB23 billion for the first phase of the Bangkok–Nong Khai high-speed rail (HSR) project.



Europe


Government of Norway allocates NOK32.1 billion for rail projects [free access]

October 12, 2020
The Government of Norway has allocated NOK32.1 billion for rail infrastructure projects and for the operation and renewal of these projects in its budget for 2021.

Funding allocated for tram network expansion in Florence, Italy 

October 9, 2020
The Ministry of Infrastructure and Transport of Italy has allocated EUR250 million to build a new tram line in Florence and to procure 14 vehicles for the tram network.

EU announces funding for sustainable and safe transport projects in Europe 

October 1, 2020
The European Union (EU) has announced EUR54 million funding for sustainable and safe transport projects in Europe.

Vervoerregio Amsterdam announces funding for transport projects, Netherlands [free access]

September 28, 2020
Vervoerregio Amsterdam, the transport authority for Amsterdam, has announced that it will invest EUR235 million in road safety projects, public transport projects, and purchases of zero-emission buses.



Middle East & Africa


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.

IFC to extend USD100 million loan for Casablanca Tramway extension, Morocco 

January 13, 2020
The International Finance Corporation (IFC), a subsidiary of the World Bank, has announced plans to extend a load of USD100 million to finance the construction of Casablanca Tramway Lines 3 and 4.

EBRD loan to fund Tunis train procurement, Tunisia 

December 18, 2019
Tunis Transport Company (TRANSTU) has signed a EUR45 million loan from the European Bank for Reconstruction and Development (EBRD) to procure 18 new light rail vehicles (LRVs), which will replace the existing rolling stock on the Tunis–Goulette–Marsa light rail transit (LRT) line, connecting Tunis’s city centre with La Marsa.