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

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North America

FTA grants funding to STA and City of Springfield under CARES Act, US 

May 22, 2020
The Federal Transit Administration (FTA) has awarded the Spokane Transit Authority (STA) a funding of USD23.4 million to offset the drop in revenues caused by the decrease in ridership due to the spread of the novel coronavirus.

LANTA, TheRide and CAT receive funding under CARES Act, US 

May 6, 2020
The US Federal Transit Administration (FTA) has allocated funds to three transport authorities under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

City of Albuquerque secures funding for EV charging stations and electric bus procurement, US [free access]

April 23, 2020
The New Mexico Environment Department has awarded the city of Albuquerque funding of USD180,000 to build 24 new electric vehicle (EV) charging stations across the city.

CalSTA announces USD500 million in transit infrastructure capital grants, US 

April 21, 2020
The California State Transportation Agency (CalSTA) has announced USD500 million in transit infrastructure capital grants, as a part of the Transit and Intercity Rail Capital Program (TIRCP).

Latin America

Metro de Santiago raises USD1.50 billion via bonds, Chile 

May 14, 2020
Metro de Santiago has issued bonds worth USD1.50 billion in the international market.

CABEI to fund rail project in Costa Rica [free access]

May 7, 2020
The Central American Bank for Economic Integration (CABEI) has approved a USD550 million loan to develop an electric rail network in Costa Rica.

Government of Sao Paulo announces investment plan for public transport, Brazil 

April 10, 2020
The state government of São Paulo in its Pluriannual Plan 2020–2023 has announced plans to invest BRL58.80 billion to expand and modernise the public transport network as well as improve the quality of services.

Via Mobilidade Consortium to issue debentures, Brazil 

April 8, 2020
Brazil’s Ministry of Regional Development has published an ordinance that allows Via Mobilidade Consortium to issue debentures for the development as well as the operation and maintenance (O&M) of São Paulo Metro Lines 5 and 17.

Asia Pacific

NZ Transport Agency to fund study for procurement of trains, New Zealand 

May 22, 2020
The Greater Wellington and Horizons Regional Councils have received NZD5 million from the NZ Transport Agency to pursue a detailed business case for the procurement of regional trains to accommodate the increasing numbers of commuters.

Government of New Zealand allocates NZD1.1 billion to transport in Budget 2020 

May 15, 2020
The Government of New Zealand, in its budget for 2020, has allocated NZD1.10 billion to improve transport.

Government of Queensland allocates funds to continue public transport operations during COVID-19, Australia 

April 28, 2020
The state government of Queensland has approved plans to invest AUD54.50 million to continue regional air, bus, and ferry services during the COVID-19 outbreak.

JICA to fund Yangon–Mandalay Railway Improvement Project Phase 1, Myanmar 

April 3, 2020
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of Myanmar to provide JPY40.604 billion as official development assistance (ODA) for Yangon–Mandalay Railway Improvement Project Phase 1.


Ministry for Economy, Transport and North Wales to invest GBP30 million in public transport in Wales, UK [free access]

May 22, 2020
The Ministry for Economy, Transport and North Wales has announced plans to invest GBP30 million to improve public transport networks in Wales.

Flemish Ministry of Mobility and Public Works to invest EUR2.2 billion in infrastructure and mobility projects, Belgium 

May 18, 2020
Mobiliteit en Openbare Werken (MOW), the Flemish Ministry of Mobility and Public Works, has announced a total investment of EUR2.2 billion for 924 infrastructure and mobility projects across Belgium.

Societe Generale joins EBRD to finance Izmir Metro expansion, Turkey 

May 15, 2020
Société Générale has joined the European Bank for Reconstruction and Development (EBRD) in financing the expansion of Izmir’s metro network in Turkey.

EBRD to finance Tbilisi Metro modernisation project, Georgia 

May 6, 2020
The European Bank for Reconstruction and Development (EBRD) will provide Georgia a EUR75 million sovereign loan to finance modernisation work on the Tbilisi Metro tunnel and depot, and for the procurement of 40 metro cars to encourage the modal shift from cars.

Middle East & Africa

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.

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.