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

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North America

Proterra to go public via merger with ArcLight Clean Transition, US 

January 13, 2021
US-based Proterra has announced plans to go public through a merger with US-based ArcLight Clean Transition.

FTA allocates USD14 billion under CARES Act, US 

January 11, 2021
The U.S. Department of Transportation’s (DOT’) Federal Transit Administration (FTA) has allocated USD14 billion under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Santa Clara VTA submits first application for EPD Pilot Program; allocates funds for Silicon Valley Phase II project, US 

January 11, 2021
The Santa Clara Valley Transportation Authority (Santa Clara VTA) has become the first authority to submit the application for the Expedited Project Delivery (EPD) Pilot Program.

FTA signs federal grant agreements for four rail projects, US 

January 11, 2021
The US Department of Transportation’s (DOT’s) Federal Transit Administration (FTA) has signed federal grant agreements for the South Central Light Rail Extension/Downtown Hub Project, the Double Track Northwest Indiana Project, the Kansas City Streetcar Main Street Extension Project, and the Portal North Bridge Project.

Latin America

NDB to fund expansion of Curitiba BRT, Brazil 

December 17, 2020
The New Development Bank (NDB) has approved plans to provide a USD75 million loan to expand the bus rapid transit (BRT) network in Curitiba, one of the most populous cities in Brazil.

IADB to fund electric mobility in Ecuador [free access]

December 14, 2020
The Inter-American Development Bank (IADB) has approved a USD43 million conditional credit line to provide funding support for the procurement of clean vehicles and the replacement of internal combustion engine vehicles.

Funding approved for public transport system for Ibague, Colombia 

December 14, 2020
Colombia’s Consejo de Política Económica y Social (CONPES) has approved plans for the governments of Ibagué, the capital of Tolima department, to collectively invest COP466.57 billion in developing a public transportation system (SETP) for Ibagué.

Funds allocated to restart construction of Mi Tren Cochabamba, Bolivia 

December 10, 2020
The Government of Bolivia has allocated BOB185 million to restart the construction of Mi Tren Cochabamba, an upcoming light rail line.

Asia Pacific

Government of India plans to invest INR38 trillion in National Rail Plan [free access]

January 14, 2021
The Ministry of Railways of India plans to invest over INR38 trillion over 30 years as part of its National Rail Plan.

Public transport technology start-up Chalo raises USD7 million, India 

January 14, 2021
India-based Chalo, a public transport technology startup, has raised USD7 million in its latest round of funding.

DTC approves funding to procure CNG buses, India 

January 12, 2021
The Delhi Transport Corporation (DTC), the public transport operator in Delhi, has approved funding to procure 1,000 CNG buses.

Government of Japan to provide financial assistance to JR Hokkaido and JR Shikoku 

December 26, 2020
Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced plans to provide financial assistance to JR Hokkaido and JR Shikoku to cover deficits resulting from operations on unprofitable routes and decline in revenue caused by the outbreak of the novel coronavirus.


Transport Scotland announces second round of MaaS Investment Fund, UK 

January 11, 2021
Transport Scotland has announced the launch of the second round of the Mobility as a Service (MaaS) Investment Fund.

OBB to invest EUR2.13 billion in eight regions in 2021, Austria [free access]

January 9, 2021
Österreichische Bundesbahnen (ÖBB), the Austrian Federal Railways, has announced plans to invest EUR2.13 billion in 2021 across its rail networks in eight regions, that is, Upper Austria, Lower Austria, Burgenland, Vorarlberg, Carinthia, Styria, Vienna, and Salzburg.

EC approves COVID-19 compensation scheme for rail operators in Denmark 

December 30, 2020
The European Commission (EC) has approved a DKK1 billion government scheme under EU state-aid rules to compensate passenger rail transport operators in Denmark that have suffered losses due to the COVID-19 pandemic.

EIB to invest in rail systems in Alexandria and Cairo, Egypt 

December 29, 2020
The European Investment Bank (EIB) has signed an agreement with the Government of Egypt to provide EUR1.128 billion as support for the rehabilitation and expansion of the metro and tram networks in Alexandria and Cairo.

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.