Finance: Latin America

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

• IADB to fund deployment of EVs in Peru [free access]

  April 8, 2021
  The Inter-American Development Bank (IADB) has approved plans to provide a USD20 million loan to encourage the deployment of electric vehicles (EVs) in Peru.

• Proparco and FDN to fund the deployment of electric buses in Bogota, Colombia

  March 19, 2021
  Proparco, the private sector financing arm of Agence Française de Développement (AFD), has announced plans to provide a USD52 million loan for the deployment of 250 electric buses in Bogota, the capital of Colombia.

• Government of Mexico allocates MXN900 million for Mexico–Toluca Interurban Train

  March 17, 2021
  Mexico’s Secretariat of Communications and Transport/ Secretaría de Comunicaciones y Transportes (SCT) has allocated MXN900 million for Mexico–Toluca Interurban Train, an upcoming rail project.

• Mexico City metro system to be modernised, Mexico

  March 15, 2021
  The government of Mexico City has announced plans to invest MXN4.50 billion to modernise the metro network by 2023.

• CABEI to fund deployment of electric buses in Guatemala

  March 3, 2021
  The Central American Bank for Economic Integration (CABEI) has approved plans to provide a USD40,000 non-reimbursable cooperation grant to facilitate and assist the Municipality of Guatemala in the deployment of electric buses on Transmetro.

• STOA acquires stake in Sao Paulo Metro Line 6, Brazil

  January 20, 2021
  Spain-based Acciona S.A. has announced the incorporation of STOA, an investment fund to Concessionaria Linha Universidade (CLU), the concessionaire of São Paulo Metro Line 6.

• NDB to fund expansion of Curitiba BRT, Brazil

  December 17, 2020
  The New Development Bank (NDB) has approved plans to provide a USD75 million loan to expand the bus rapid transit (BRT) network in Curitiba, one of the most populous cities in Brazil.

• IADB to fund electric mobility in Ecuador [free access]

  December 14, 2020
  The Inter-American Development Bank (IADB) has approved a USD43 million conditional credit line to provide funding support for the procurement of clean vehicles and the replacement of internal combustion engine vehicles.

• Funding approved for public transport system for Ibague, Colombia

  December 14, 2020
  Colombia’s Consejo de Política Económica y Social (CONPES) has approved plans for the governments of Ibagué, the capital of Tolima department, to collectively invest COP466.57 billion in developing a public transportation system (SETP) for Ibagué.

• Funds allocated to restart construction of Mi Tren Cochabamba, Bolivia

  December 10, 2020
  The Government of Bolivia has allocated BOB185 million to restart the construction of Mi Tren Cochabamba, an upcoming light rail line.

• Government of Mexico to invest in rail projects [free access]

  October 8, 2020
  The Government of Mexico has announced plans to invest over MXN297 million in 39 projects in communications, transport, energy, water, and environmental projects

• Government of Brazil to fund Belo Horizonte Metro Line 2

  September 8, 2020
  Brazil’s Ministry of Infrastructure has announced plans to provide BRL1.20 billion for the construction of Line 2 of Belo Horizonte Metro.

• Enel X and AMP Capital to enter into JV to develop electric public transport infrastructure

  September 4, 2020
  US-based Enel X has signed an agreement with Australia-based investment manager AMP Capital to establish a joint venture (JV) to develop electric public transport infrastructure in the Americas.

• Government of Mexico reallocates funds for Mexico–Toluca interurban train

  September 4, 2020
  The Government of Mexico has reallocated USD18.4 million (MXN400 million) for the construction of the Mexico–Toluca interurban train.

• Government of Chile allocates funds for transport projects

  August 18, 2020
  The Government of Chile has allocated funds for 137 infrastructure projects under the Plan Paso a Paso Chile se Recupera, a plan to accelerate economic recovery from the effects of the COVID-19 pandemic.

• EMB issues internal debt securities, Colombia

  August 3, 2020
  Empresa Metro de Bogotá (EMB), the developer of Bogotá Metro, has issued debt securities worth COP2.40 trillion on the Colombia Stock Exchange/ Bolsa de Valores de Colombia (BVC).