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

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North America

FRA awards USD326 million to rail infrastructure improvement projects, US 

June 13, 2019
The Federal Railroad Administration (FRA) has awarded USD326 million through the Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program and the Special Transportation Circumstances Program to 45 railroad infrastructure projects in 29 states.

Canada Infrastructure Bank invests up to CAD2 billion for GO Transit expansion 

June 3, 2019
Canada Infrastructure Bank (CIB) has announced plans to invest up to CAD2 billion for the expansion of the ‘GO Expansion On Corridor’ project in the province of Ontario.

LA Metro approves USD7.2 billion budget for FY2020 

May 24, 2019
The board of directors of the Los Angeles County Metropolitan Transportation Authority (LA Metro) has approved a USD7.2 billion budget for fiscal year 2020 (FY2020).

FRA cancels USD928 million California HSR grant, US 

May 17, 2019
The Federal Railroad Administration (FRA) has terminated its Cooperative Agreement with the California High-Speed Rail Authority (CHSRA) and cancelled more than USD928 million in grants for the high-speed rail (HSR) project.

Latin America

Mexico City to fund light-rail track-replacement works 

May 4, 2019
The government of Mexico City has announced plans to invest MXN280 million to replace the tracks of Mexico City’s light rail Taxqueña–Azteca Stadium section.

Peru funds Lima Metro Line 4 studies 

March 28, 2019
Peru’s Ministry of Economy and Finance (MEF) has transferred PEN17.64 million to Peru’s Ministry of Transport and Communications to fund feasibility and environmental impact studies for Lima Metro Line 4.

Mexico City to invest MXN30 billion in public transit by 2025, Mexico 

March 13, 2019
The city government of Mexico City has announced plans to invest MXN30 billion during 2019–2025 to expand the public transport network in the city.

Mexico funds Guadalajara LRT Line 3; to begin operations by December 2019 

February 28, 2019
The Government of Mexico has allocated USD239.08 million for Guadalajara light rail transit (LRT) Line 3 and has announced plans to commence operations by December 2019.

Asia Pacific

BTS signs loan deal with ADB for new MRT lines in Bangkok 

June 7, 2019
BTS Group Holdings has signed a USD311 million loan agreement with the Asian Development Bank (ADB) for the construction of the Yellow and Pink lines of Bangkok’s MRT system.

NZD1 billion funding for New Zealand rail sector 

May 30, 2019
KiwiRail has received funding of NZD 1 billion as per the national budget announced on May 30, 2019.

Funding received for PNR Clark line, Philippines 

May 24, 2019
The Asian Development Bank (ADB) has approved a funding of USD2.75 billion for the construction of PNR Clark Phase II, which will connect Malolos to the Clark economic zone and to Clark International Airport.

Transport Engineering acquired by Ricardo plc 

May 22, 2019
UK-based Ricardo plc has signed a share purchase agreement to acquire Australia-based Transport Engineering Pty Limited, a privately owned rolling stock life-cycle management and technical services consultancy.


VEB to fund Tashkent metro rolling stock, Uzbekistan [free access]

June 12, 2019
The National Bank of the Republic of Uzbekistan for Foreign Economic Activity has signed a EUR28 million loan agreement with the Vnesheconombank (VEB), a Russian development bank for the purchase of rolling stock for Tashkent Metro’s Sergili Line.

EIB to fund upgradation of Poznan–Szczecin section [free access]

June 6, 2019
The European Investment Bank (EIB) has signed two loan agreements worth EUR400 million with PKP Polskie Linie Kolejowe (PKP PLK) for the modernisation of the 195-km Poznań–Szczecin section of the European Transport Network (TEN-T) Baltic–Adriatic corridor.

Zenobe announces GBP120 million funding for deployment of electric buses in the UK [free access]

May 31, 2019
Zenobe Energy, the UK’s largest independent owner and operator of battery storage, has announced GBP120 million funding for local councils and for bus and fleet operators to accelerate the deployment of electric buses as well as to provide the supporting infrastructure.

EIB finances procurement of 254 clean buses for Barcelona, Spain 

May 31, 2019
The European Investment Bank (EIB) has signed a EUR73.5million financing agreement with Transports Metropolitans de Barcelona (TMB), the public transport operator in Barcelona, for procurement of 254 clean buses.

Middle East & Africa

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.

Passenger service commences on Abuja LRT; EXIM China to finance LRV procurement, Nigeria 

July 13, 2018
Passenger services have commenced on Phase I of Abuja light rail transit (LRT).