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

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North America

USDOT issues NOFO for USD1 billion in BUILD grants [free access]

February 20, 2020
The US Department of Transportation (USDOT) has published a Notice of Funding Opportunity (NOFO) for USD1 billion in Fiscal Year 2020 (FY2020) discretionary grant funding through the Better Utilizing Investments to Leverage Development (BUILD) Transportation Discretionary Grants program.

ODOT and Ohio EPA awarded grants to replace aging bus fleet, US 

February 7, 2020
The Ohio Department of Transportation (ODOT) and the Ohio Environmental Production Agency (EPA) have awarded seven transit agencies grants amounting to USD7 million through the Ohio Diesel Emissions Reduction Grant (DERG) Program.

FTA announces USD454 million funding for buses, Washington 

February 7, 2020
The Federal Transit Administration (FTA) of the U.S. Department of Transportation has announced a Notice of Funding Opportunity (NOFO) to apply for USD454.6 million in competitive grants.

FTA allocates funds for three BRT projects, US 

February 7, 2020
The U.S. Department of Transportation’s (USDOT) Federal Transit Administration (FTA) has awarded three grants for three bus rapid transit (BRT) projects under its Capital Investment Grants (CIG) Program.

Latin America

Brazil government to fund CPTM Line 9 extension [free access]

January 16, 2020
Brazil’s Ministry of Regional Development/ Ministério do Desenvolvimento Regional has announced plans to provide BRL151.7 million to fund the development of an extension of Companhia Paulista de Trens Metropolitanos (CPTM) Line 9.

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.

Asia Pacific

Tamil Nadu and Uttar Pradesh governments allocate funds for transport in Budget FY2020–21, India 

February 19, 2020
The state governments of Tamil Nadu and Uttar Pradesh have collectively allocated over INR58 billion for the expansion of public transport in their respective states.

Kerala government allocates funds for Kochi Metro expansion in Budget FY2020–-21; announces timeline for semi-HSR project, India 

February 8, 2020
The state government of Kerala in its budget for FY2020–21 has allocated INR30.25 billion to expand the Kochi Metro network by over 11 km.

PT KAI to invest IDR4.2 trillion in Jabodebek LRT Phase I, Indonesia 

February 5, 2020
The Indonesian Railway Company/ PT Kereta Api Indonesia (PT KAI) has announced plans to invest IDR4.2 trillion in the Jabodebek light rail transit (LRT) Phase I project.

Indian government allocates funds for rail projects in Budget FY2020–21 

February 1, 2020
The Government of India in its budget for FY2020–21 has allocated INR200 billion for the expansion of metro rail systems in multiple cities in India.


Alstom signs MoU to acquire Bombardier Transportation, France 

February 17, 2020
Alstom has signed a memorandum of understanding (MoU) with Bombardier Incorporated and Caisse de dépôtet placement du Québec (CDPQ) to acquire Bombardier Transportation.

Start Romagna to procure 160 buses under its Business Plan 2020–2023, Italy 

February 16, 2020
Start Romagna, public transport manager in Romagna, has announced a Business Plan2020–2023, which involves investment of EUR44.3 million.

UK Government approves HS2 project; allocates GBP5 billion for bus infrastructure 

February 12, 2020
The Government of the UK has approved the continuation of work on the High Speed 2 (HS2) project. The project is being developed in three phases. Phase Onewill span from London to West Midlands.

BSTDB finances Fahrettin Altay–Narlıdere Light Rail Line in Izmir, Turkey 

February 8, 2020
The Izmir Metropolitan Municipality has signed a EUR50 million financing agreement with the Black Sea Trade and Development Bank (BSTDB) for the Fahrettin Altay–Narlıdere Light Rail Line Project.

Middle East & Africa

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.

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.