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

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North America

PSTA secures funding and awards construction contract for SunRunner BRT project, US 

July 29, 2020
The Pinellas Suncoast Transit Authority (PSTA) has approved a USD22.9 million contract for the construction of the SunRunner bus rapid transit (BRT) project.

Transit agencies to get funding under Safe Restart Agreement, Canada 

July 22, 2020
The government of Canada has announced plans to provide around CAD19 billion (USD13.99 billion) to help provinces and territories revive economic activity, which has been adversely affected due to the spread of the novel coronavirus.

Mississauga City Council approves cost-sharing agreement with Metrolinx for Dundas BRT corridor, Canada 

July 8, 2020
The Mississauga City Council has entered into a cost-sharing agreement with Metrolinx for the Preliminary Design and Transit Project Assessment Process (TPAP) for the Dundas Bus Rapid Transit (BRT) corridor.

FTA announces USD40.9 million grant for East–West BRT project, US 

June 15, 2020
The Federal Transit Administration (FTA) has announced plans to grant USD40.9 million to the Milwaukee County Transit System (MCTS) for the East–West Bus Rapid Transit (BRT) line in Milwaukee County.

Latin America

Government of Brazil to invest BRL75.7 million in Natal VLT 

June 30, 2020
Brazil’s Ministry of Regional Development has announced plans to allocate BRL75.70 million to expand Natal’s veículo leve sobre trilhos (VLT)/ light rail transit system and to procure rolling stock for the existing system.

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.

Asia Pacific

Public transport ticketing to be integrated in Jakarta in 2021, Indonesia [free access]

July 17, 2020
PT MRT Jakarta, PT Transportasi Jakarta, PT Jakarta Propertindo (PERSERODA), and PT Moda Integrasi Transportasi Jabodetabek have signed an agreement to incorporate PT Jaklingko Indonesia.

Mobility Technologies raises funds, Japan 

July 15, 2020
Japan-based Mobility Technologies has entered into an alliance with NTT DOCOMO, Tokyo Century, and Dentsu Group to develop data services in smart cities as well as autonomous driving services.

Governments of Australia and state of Victoria to invest in Regional Rail Revival project [free access]

July 6, 2020
The Government of Australia and the state government of Victoria have announced plans to provide over AUD300 million as additional funding for the Regional Rail Revival project.

CHEC secures guarantee facility for Bogota Metro Line 1, Colombia [free access]

June 25, 2020
Spain-based financial services provider BBVA has signed an agreement with China Harbour Engineering Company Limited (CHEC) to provide a guarantee facility worth USD90 million to develop Bogota Metro Line 1.


EIB funding provided for projects in Italy [free access]

July 23, 2020
The European Investment Bank (EIB) has signed an agreement to provide EUR300 million funding to the Autonomous Province of Trento for all sustainable public sector projects and to accelerate economic recovery from the impact of the COVID-19 pandemic.

DfT announces funding for Birmingham University station modernisation, UK 

July 22, 2020
The Department of Transport (DfT) has announced GBP12 million funding for the modernisation of the University station in Birmingham.

Funding announced for bus infrastructure in Scotland, UK 

July 21, 2020
The Government of Scotland has announced GBP10 million funding to support the rapid deployment of bus infrastructure by local authorities.

EIB approves funding for Kanpur Metro, India 

July 21, 2020
The European Investment Bank (EIB) has approved plans to provide EUR650 million for Kanpur Metro.

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.