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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 funds five New Starts projects, FFGA for Orange County Streetcar 

November 30, 2018
The United States Department of Transportation’s Federal Transit Administration (FTA) has awarded USD281 million in additional funding in the fiscal year 2018 through its Capital Investment Grants (CIG)/ New Starts Program to five transit projects in Arizona, California, Minnesota and Texas.

New York state funds for rail infrastructure improvements 

November 20, 2018
The Governor of New York has awarded grants of a total value of USD27.1 million under the Passenger and Freight Rail Assistance Program for rail infrastructure improvements across the state.

Brightline forms partnership with Virgin Group and rebrands in US 

November 19, 2018
Brightline, the US-based private intercity passenger railroad operator, has announced strategic partnership and trademark licensing agreement with the UK-based Virgin Group.

British Columbia transit projects secure funding [free access]

November 16, 2018
The Government of Canada and the Provincial Government of British Columbia (BC) have announced plans to allocate CAD136 million for implementation of five transit projects across the province.



Latin America


CAF to finance São Paulo Metro Line 17 Phase I 

December 8, 2018
Corporacion Andina de Fomento (CAF), the development bank of Latin America, has approved a USD296-million loan for the construction of Phase I of the São Paulo Metro Line 17.

Mexico City presents MXN10.2-billion Mobility Plan 

November 22, 2018
The city government of Mexico City has released a Mobility Plan, which proposes an investment of MXN10.2 billion in public transportation.

Argentina to invest in transport infrastructure in 2019 

September 26, 2018
Argentina’s Ministry of Transport has announced plans to invest ARS180 billion in transport infrastructure in 2019.

Urban transport firms to finance Cancún-Tulum Metrobus BRT 

September 19, 2018
A consortium of local urban transport firms - Turicún, Autocar, Maya Caribe and Cooperativa Bonfil - has announced plans to provide an initial investment of MXN250 million for the construction of Cancún-Tulum Metrobus bus rapid transit (BRT) project.



Asia Pacific


Maharashtra approves MUTP-3A, India [free access]

December 6, 2018
The state government of Maharashtra has approved Mumbai Urban Transport Project 3A (MUTP-3A) at an estimated cost of INR547.77 billion.

Pune to invest in public transport as per L&T plan, India [free access]

November 28, 2018
The Pune Metropolitan Region Development Authority (PMRDA) and India-based Larsen & Toubro (L&T) Infrastructure Engineering have developed a long-term and comprehensive mobility plan (CMP), which involves investment of INR546.01 billion by 2038 in Pune and Pimpri-Chinchwad.

Vietnam Da Nang-Hội An Metro seeks funding, may adopt PPP 

November 26, 2018
The Da Nang Department of Planning and Investment is seeking foreign investments of between USD330 million and USD660 million to develop a 33-km (20.5-mile) long metro line between the Da Nang International Airport and Hội An.

Pune and Mumbai to launch tenders for buses by May 2020 

November 19, 2018
Pune Mahanagar Parivahan Mahamandal Limited (PMPML) and Brihanmumbai Electric Supply & Transport (BEST) Undertaking have announced plans to procure 1,000 buses each by May 2020.



Europe


Glasgow to procure 75 clean buses in 2019, UK 

November 30, 2018
First Glasgow has announced plans to invest in more ultra-low emission vehicles, with additional funding being granted from the Scottish Green Bus Fund.

Palermo revises tram extension plan, to invest in four extensions, Italy 

November 30, 2018
The Palermo City Council has approved an amendment to the Public Works Plan, which involves investment of EUR426 million for construction of four tram extensions.

Hessen to invest in Darmstadt tram extension, Germany 

November 30, 2018
The state government of Hessen has allocated EUR12.27 million for to extend the existing tram line in Darmstadt by 1.1 km from Hochschulstadion station on Nieder-Ramstädter Straße to Mensa Lichtwiese, covering two stations (Kletterhalle and Technical University-Lichtwiese/ Mensa).

Italy funds local public transport 

November 23, 2018
Italy’s Ministry of Infrastructure and Transport (MIT) has announced plans to allocate EUR986.26 million, which is the remaining 20 per cent of the annual allocation for 2018 (EUR4.93 billion) under the National Fund for Local Public Transport.



Middle East & Africa


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).

EIB to finance suburban train procurement in Tunis 

April 18, 2018
The European Investment Bank (EIB) has approved financing of EUR45 million for the procurement of 18 trains by Transtu, the public transport company of the Greater Tunis Area.

Angola receives AfDB financing for National Transport plan, to increase operating buses in Luanda 

March 30, 2018
The African Development Bank (AfDB) has provided USD 4 million for the Transport Sector National Steering Plan released in Luanda.