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

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North America

USDOT approves loan for Farley Building Transportation Project, US 

December 3, 2021
The U.S. Department of Transportation’s (USDOT’s) Build America Bureau has approved a USD606.7 million Transportation Infrastructure Finance and Innovation Act (TIFIA) loan to the New York State Urban Development Corporation/ Empire State Development for the construction of the Farley Building Transportation Project or the Moynihan Train Hall.

Funding approved to make MBTA bus routes fare-free, US 

December 2, 2021
The Boston City Council has approved USD8 million to eliminate fares on three Massachusetts Bay Transportation Authority (MBTA) bus lines.

Via raises USD130 million in Series G financing, US 

December 1, 2021
US-based Via has raised USD130 million in a Series G financing round that has given Via a post-money valuation of USD 3.3 billion.

US DOT awards grant to City of Charlotte and New Orleans RTA [free access]

November 24, 2021
The US Department of Transportation (USDOT) has awarded a USD15 million grant to the City of Charlotte, North Carolina, to construct a new multimodal transit centre to replace the existing open-air bus terminal in downtown Charlotte.

Latin America

BBVA and Bancolombia approve USD170 million loan for Bogotá Metro Line 1, Colombia 

November 29, 2021
Banco Bilbao Vizcaya Argentaria (BBVA) and Bancolombia have signed a COP678 billion (USD170 million) loan agreement to finance the preliminary phase of Bogotá Metro Line 1.

Funding announced for Lima Metro under the public investment budget, Peru 

November 25, 2021
The government of Peru has announced funding for Lima Metro lines 1 and 2 under the country’s budget for public investment projects.

Sao Paulo announces BRL5.5 billion Mobility Plan, Brazil 

November 5, 2021
The Sao Paulo City Hall and the Government of Sao Paulo state have announced a BRL5.5 billion Mobility Plan which involves development of 27 urban mobility projects in the city.

Brazil attracts USD16.56 billion investments for rail 

October 16, 2021
The Brazilian Association of the Railway Industry/ Associação Brasileira da Indústria Ferroviária (ABIFER) has announced that the country has attracted USD16.56 billion (BRL91.972 billion) in investment during September 2021, also known as Brazil’s Rail Month. The government received 19 requests to develop new lines under the Pro Rail law passed in September 2021, which will together span 5,360 km across 12 regions, at an estimated investment of BRL80.5 billion.

Asia Pacific

Bangkok Red Line extensions announced, Thailand 

October 29, 2021
State Railway of Thailand (SRT) has announced four extension plans for Bangkok Red Line.

AIIB approves loan for Chennai Metro Line 4, India 

October 1, 2021
The Asian Infrastructure Investment Bank (AIIB) has approved a USD356.67 million loan to the Government of India for the Chennai Metro Phase II Line 4 project.

Korea Eximbank announces plans to finance Luxor–High Dam railway line, Egypt 

September 27, 2021
The South Korea Import-Export Bank (Korea Eximbank) has announced plans to finance the modernisation of the Luxor–High Damrailway line in southern Egypt through its Economic Development Cooperation Fund (EDCF) and the Economic Development Promotion Facility (EDPF) programme.

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 CNY1 trillion (USD154.88 billion) under the 14th Five-year Plan (2021–25) to expand the railway network in the Yangtze River Delta (YRD) region.


Government of Italy announces funding for clean buses and rail fleet renewal [free access]

December 1, 2021
The Government of Italy has announced plans to provide funding under the National Recovery and Resilience Plan (PNRR) for the renewal of regional and intercity trains and for the production of non-polluting buses.

Funding allocated to regional authorities for clean buses, UK 

November 29, 2021
The UK government has announced a EUR71 million investment under the Zero Emission Bus Regional Area (ZEBRA) scheme to support local transport authorities procure 335 zero-emission buses.

Stadler acquires rail safety service provider BAR Bahnsicherung, Switzerland 

November 26, 2021
Stadler has acquired Switzerland-based BAR Bahnsicherung (BAR) to support the digitalisation of railway infrastructure and expand its signalling technology capabilities.

UK government announces IRP for railway network modernisation [free access]

November 18, 2021
The UK government has unveiled the Integrated Rail Plan (IRP) which includes a EUR96 billion investment to modernise the railway network in the Midlands and the North.

Middle East & Africa

Shuttlers raises USD1.6 million for service expansion, Nigeria 

November 18, 2021
Nigeria-based Shuttlers has raised USD1.6 million in seed funding to expand within and outside Nigeria.

EBRD approves EUR250 million loan for Abu Qir metro line, Egypt 

November 16, 2021
The European Bank for Reconstruction and Development (EBRD) has approved a EUR250 million loan for the upgradation and electrification of the Abu Qir metro line in Alexandria, Egypt.

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.