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Finance

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


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North America


FRA announces funding opportunity for rail infrastructure and safety projects, US 

August 16, 2019
The Federal Railroad Administration (FRA) has issued a Notice of Funding Opportunity (NOFO) for the Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program.

Natural Resources Canada to fund bus charging infrastructure for Newmarket, Canada [free access]

August 15, 2019
Natural Resources Canada (NRCan), under its Green Infrastructure Program (GIP), has announced plans to provide CAD956,338in funding to Newmarket-Tay Power Distribution Limited (Newmarket-Tay Power) to support the overhead charging system for transit electrification.

Government of Canada to provide funding for Grand River Transit network [free access]

August 9, 2019
The Government of Canada has announced plans to provide up to CAD4 million for investment in the Grand River Transit network serving Conestoga College and the University of Waterloo.

San Diego MTS allocates USD34 million for new fare collection system, US 

July 29, 2019
The San Diego Metropolitan Transit System (MTS) has announced plans to allocate USD34 million to implement a new “tap-and-go” fare collection system that will replace the existing Compass Card system.



Latin America


BRL79.2 million approved for Contagem urban mobility project, Brazil 

July 29, 2019
Brazil’s Ministry of Regional Development (MDR) has approved a BRL79.2 million loan to finance an urban mobility project in Contagem, a city in Minas Gerais.

CCR acquires majority stake in VLT Carioca Consortium, Brazil 

July 24, 2019
Companhia de Investimentos em Infraestrutura e Serviços (CIIS), a subsidiary of Brazil-based CCR S.A., has acquired a 50.31 per cent stake in the Concessionária do VLT Carioca/ VLT Carioca consortium.

Caixa begins financing of RETREM, Brazil 

July 19, 2019
Caixa Econômica Federal, a Brazilian bank, has announced plans to finance the Programa de Renovação de Frota de Transporte Público Coletivo Urbano de Passageiros sobre Trilhos (RETREM).

BRL34 million approved for Cascavel urban mobility project, Brazil 

July 11, 2019
Brazil’s Ministry of Regional Development (MDR) has approved a BRL34 million loan to finance urban mobility projects in Cascavel.



Asia Pacific


Mitsui-led consortium acquires majority stake in SuperVia, Brazil 

August 16, 2019
The consortium of Mitsui& Company Limited, West Japan Railway, andthe public–private fund Join has acquired an 88.7 per cent stake in SuperVia, a commuter rail operator in Rio de Janeiro, to improve its performance.

Astana LRT project to be funded by loans, Kazakhstan 

August 14, 2019
The city government of Nur-Sultan (formerly known as Astana) has announced plans to sign agreements with Kazakhstan-based banks Halyk Bank and Baiterek National Managing Holding Joint Stock Company (Baiterek NMH JSC) to provide loans worth USD600 billion for the Astana light rail transit (LRT) project.

Queensland government to finance Gold Coast LRT Stage 3A, Australia 

August 9, 2019
The state government of Queensland has announced plans to invest USD238 million (AUD351 million) for the development of Stage 3A of the Gold Coast light rail transit (LRT).

Taiwan government announces subsidies for electric buses 

August 5, 2019
Taiwan’s Ministry of Transportation and Communications has passed a guideline to provide subsidies of up to USD105,703 (TWD3.34 million) for electric buses.



Europe


Turkey’s government approves investment programme for Buca Metro 

July 15, 2019
The Government of Turkey has given approval to the Izmir Metropolitan Municipality for inclusion of Buca Metro in Izmir’s investment programme.

EIB to finance rolling stock procurement in Plzen, Czech Republic 

July 9, 2019
The European Investment Bank (EIB) has signed a EUR50 million loan agreement with Plzeň transport operator PMDP to finance the procurement of 34 trams and 34 trolleybuses.

Germany funds electric bus procurement in five cities 

July 8, 2019
Germany’s Federal Ministry for the Environment (BMU) has announced EUR14.3 million in grants for five German cities, namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach am Main, to procure around 70 electric buses.

Lausanne Metro to be expanded by 2027, Switzerland [free access]

June 25, 2019
The canton of Vaud has announced plans to expand Lausanne Metro Line M2 and to construct a new 4-km-long line, Line M3.



Middle East & Africa


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).

EU to fund Nairobi BRT, Kenya 

October 31, 2018
The European Union (EU) has approved a grant of USD48.75 million for the development of a bus rapid transit (BRT) system in Nairobi.