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

North America Latin America Asia Pacific
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North America

FTA allocates USD250 million to Small Starts projects, US 

June 14, 2021
The Federal Transit Administration (FTA) has allocated USD250 million under the American Rescue Plan (ARP) towards 22 transit projects across 13 states.

Caltrain Modernisation Program delayed until 2024; costs rise by USD333 million, US 

June 4, 2021
Caltrain has announced that the electrified service on Caltrain, a key component of the Caltrain Modernisation Program, has been delayed from 2022 to late 2024. The main reason for the delay is the disruptions to supply chains caused by the ongoing COVID-19 pandemic.

Canada Infrastructure Bank and city of Edmonton sign agreement to fund ZEBs for ETS, Canada 

June 4, 2021
Edmonton Transit Service (ETS) has announced the procurement of 20 new zero-emission buses (ZEBs) following an agreement between the Canada Infrastructure Bank (CIB) and the city of Edmonton, Alberta, Canada.

US Budget 2022 proposal includes USD150 million for regional rail projects 

June 3, 2021
US President Joe Biden has announced nearly USD2.5 billion for the grant program that is funding two major capital projects of the South Shore Line, under the 2022 budget proposal.

Latin America

Funds allocated for Salvador BRT, Brazil 

June 2, 2021
The Government of Brazil and Caixa Econômica Federal (a Government of Brazil-owned financial services company) have allocated BRL215.20 million for the construction of Section Two of a bus rapid transit (BRT) system in Salvador.

Government of Argentina to invest USD27 million for bus stops in Buenos Aires 

April 27, 2021
The Government of Argentina has announced plans to invest USD27 million (ARS2.51 billion) to develop 4,000 bus stops in 43 municipalities of Buenos Aires.

Proposal presented for expanding Sao Paulo BRT, Brazil 

April 21, 2021
The city government of São Paulo has presented a proposal to invest BRL298.12 million in expanding the bus rapid transit (BRT) network in the city.

Funding extended for Panama Metro Line 5 

April 13, 2021
The Central American Bank for Economic Integration (CABEI) will execute a USD63,000 non-reimbursable technical cooperation grant for executing a feasibility study of Line 5 of the Panama Metro network.

Asia Pacific

MooVita raises Series A funding 

June 8, 2021
MooVita, a Singapore-based driverless software solutions provider, has raised Series A funding from Malaysia-based Yinson Holdings Berhad and Singapore-based SMRT Ventures.

Government of Kerala allocates funds for buses in budget FY2021–22, India 

June 5, 2021
The state government of Kerala, in its revised budget for FY2021–22, has allocated INR1.10 billion for the expansion of the state’s bus fleet.

Shenzhen Metro Group to issue bonds, China 

May 28, 2021
Shenzhen Metro Group has announced plans to raise CNY4 billion by issuing bonds.

State government of Victoria allocates funds for transport in Budget 2021–22, Australia 

May 20, 2021
The state government of Victoria has allocated over AUD6.45 billion for rail and road infrastructure projects in its budget for FY2021–22.


ICM Mobility Group acquires mobile ticketing specialist Unwire [free access]

June 14, 2021
ICM Mobility Group, a ticketing and payment services provider, has acquired Unwire, a mobile ticketing specialist.

Funding allocated to upgrade commuter rail network in Cork, Ireland 

June 8, 2021
The Government of Ireland has announced a EUR185 million upgrade of the commuter rail line in Cork.

EC member states allocate funding for sustainable transport through recovery plans 

June 8, 2021
The member states of the European Commission (EC) have collectively allocated EUR85 billion to sustainable transport as part of the National Recovery and Resilience Plans being developed to support the recovery from the effects of the COVID-19 pandemic.

DfT agrees to new bailout funding package for TfL, UK [free access]

June 2, 2021
The Department for Transport (DfT) has agreed to a third bailout funding package for Transport for London (TfL) to ensure continuous operation of public transit systems despite the ongoing COVID-19 pandemic.

Middle East & Africa

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.

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.