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

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North America

Biden administration calls for USD621 billion in transportation investment, US 

March 31, 2021
The Biden Administration has released a proposal for a USD2 trillion job and infrastructure plan spanning a period of eight years.

Arrival lists shares on Nasdaq; attains USD13 billion valuation [free access]

March 26, 2021
UK-based Arrival, the electric vehicle (EV) manufacturing startup, has listed its Ordinary Shares and Warrants on the Nasdaq Global Select Market (Nasdaq) at USD22 per share, valuing it at approximately USD13 billion.

World Bank allocates funds for Dar es Salaam BRT expansion, Tanzania 

March 19, 2021
The World Bank has allocated USD249 million (TZS570.6 billion) for the development of Dar es Salaam’s BRT Phases 3 and 4.

World Bank approves loan to assist rail modernisation project in Serbia 

March 18, 2021
The World Bank has approved a USD62.5 million loan to support phase one of the multi-phase programmatic approach for the modernisation of Serbia’s railway sector.

Latin America

Proparco and FDN to fund the deployment of electric buses in Bogota, Colombia 

March 19, 2021
Proparco, the private sector financing arm of Agence Française de Développement (AFD), has announced plans to provide a USD52 million loan for the deployment of 250 electric buses in Bogota, the capital of Colombia.

Government of Mexico allocates MXN900 million for Mexico–Toluca Interurban Train 

March 17, 2021
Mexico’s Secretariat of Communications and Transport/ Secretaría de Comunicaciones y Transportes (SCT) has allocated MXN900 million for Mexico–Toluca Interurban Train, an upcoming rail project.

Mexico City metro system to be modernised, Mexico 

March 15, 2021
The government of Mexico City has announced plans to invest MXN4.50 billion to modernise the metro network by 2023.

CABEI to fund deployment of electric buses in Guatemala 

March 3, 2021
The Central American Bank for Economic Integration (CABEI) has approved plans to provide a USD40,000 non-reimbursable cooperation grant to facilitate and assist the Municipality of Guatemala in the deployment of electric buses on Transmetro.

Asia Pacific

JICA to fund Delhi Metro Phase IV, India 

April 5, 2021
The Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India to provide a loan of USD1.15 billion (INR83.90 billion) for the Delhi Metro Phase IV project.

JICA to fund Bangalore Metro Phase 2, India 

March 26, 2021
The Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India to provide official development assistance (ODA) loans worth JPY52.036 billion for the Bangalore Metro Phase 2 project, which will span 74 km.

Government of India to sell stake in RVNL 

March 24, 2021
The Government of India has announced plans to sell a stake of up to 10 per cent in Rail Vikas Nigam Limited (RVNL), a rail projects developer in India.

Government of Scotland allocates funding through the second round of SULEBS, UK 

March 23, 2021
The Government of Scotland has allocated GBP40.5 million funding through the second round of the Scottish Ultra-Low Emission Bus Scheme (SULEBS) to assist operators in replacing old diesel buses with new battery-electric vehicles and to achieve net zero greenhouse gas (GHG) emission targets for Scotland.


Alstom acquires brake linings manufacturer Flertex 

April 5, 2021
Alstom has announced the acquisition of Flertex, a France-based brake linings manufacturer.

Hitachi Rail acquires technology firm Perpetuum [free access]

April 1, 2021
Italy-based Hitachi Rail has announced that it has completed the acquisition of UK-based rail technology firm Perpetuum.

BMVI approves funding to support introduction of AVs in Kelheim, Germany 

March 31, 2021
The Federal Ministry of Transport and Digital Infrastructure (BMVI) in Germany has approved EUR10.9 million funding for the KelRide project that is aimed at introducing autonomous vehicles (AVs) in the public transport network in the Kelheim district.

Funding allocated for local transport authorities to deploy clean buses across England, UK 

March 30, 2021
The Government of the UK has allocated GBP120 million funding through the Zero Emission Buses Regional Area (ZEBRA) scheme to enable local transport authorities to deploy zero-emission buses.

Middle East & Africa

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.

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.