Finance: Latin America

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

• 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).

• 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.

• 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.

• Brazil government to fund CPTM Line 9 extension [free access]

  January 16, 2020
  Brazil’s Ministry of Regional Development/ Ministério do Desenvolvimento Regional has announced plans to provide BRL151.7 million to fund the development of an extension of Companhia Paulista de Trens Metropolitanos (CPTM) Line 9.

• Refrota 17 to fund purchase of 75 buses in Baixada Fluminense, Brazil

  November 29, 2019
  Brazil’s Ministry of Regional Development has announced plans to provide a total funding of BRL27 million to Empresa de Transportes Flores and Transporte Mageli for the procurement of a total of 75 buses.

• Mexico City signs agreement with UNOPS to modernise STC Metro, Mexico [free access]

  November 7, 2019
  The Government of Mexico City has signed a collaboration agreement with the United Nations Office for Project Services (UNOPS) to advise the city on the modernisation of Mexico City Metro/Sistema de Transporte Colectivo (STC).

• Panama allocates USD150 million in 2020–21 Budget for Panama Metro Line 3

  October 30, 2019
  The national government of Panama has allocated USD150 million for the construction of Panama Metro Line 3 in its budget for fiscal year 2020–21.