Finance: Latin America

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

• BNDES to grant a BRL7 billion loan for São Paulo subway, Brazil

  January 5, 2022
  The National Bank for Economic and Social Development/ O Banco Nacional de Desenvolvimento Econômico e Social (BNDES) has announced plans to grant a BRL7 billion loan to the Linha 6-Laranja/Line 6-Orange of São Paulo subway system.

• Nicaragua government to procure loan from Export-Import Bank of Russia for bus procurement

  December 15, 2021
  The National Assembly (Parliament) of Nicaragua has approved a USD18.9 million loan from the Export-Import Bank of Russia for the purchase of buses for public transport in Managua.

• AFD to finance Santo Domingo Metro expansion, Dominican Republic

  December 9, 2021
  Agence Française de Développement (AFD)/ French Development Agency has signed an agreement worth EUR86 million (USD97 million) to finance the expansion of the Santo Domingo Metro.

• BBVA and Bancolombia approve USD170 million loan for Bogotá Metro Line 1, Colombia

  November 29, 2021
  Banco Bilbao Vizcaya Argentaria (BBVA) and Bancolombia have signed a COP678 billion (USD170 million) loan agreement to finance the preliminary phase of Bogotá Metro Line 1.

• Funding announced for Lima Metro under the public investment budget, Peru

  November 25, 2021
  The government of Peru has announced funding for Lima Metro lines 1 and 2 under the country’s budget for public investment projects.

• Sao Paulo announces BRL5.5 billion Mobility Plan, Brazil

  November 5, 2021
  The Sao Paulo City Hall and the Government of Sao Paulo state have announced a BRL5.5 billion Mobility Plan which involves development of 27 urban mobility projects in the city.

• Brazil attracts USD16.56 billion investments for rail

  October 16, 2021
  The Brazilian Association of the Railway Industry/ Associação Brasileira da Indústria Ferroviária (ABIFER) has announced that the country has attracted USD16.56 billion (BRL91.972 billion) in investment during September 2021, also known as Brazil’s Rail Month. The government received 19 requests to develop new lines under the Pro Rail law passed in September 2021, which will together span 5,360 km across 12 regions, at an estimated investment of BRL80.5 billion.

• Government announces expansion of Belo Horizonte Metro and privatisation of CBTU, Brazil

  October 1, 2021
  The Government of Brazil has announced plans to provide a BRL2.8 billion (USD515 million) loan for the expansion of Belo Horizonte Metro.

• Metro de Santiago issues USD650 million bonds to fund metro projects, Chile

  September 13, 2021
  Metro de Santiago has issued bonds worth USD650 million in the international market to finance Line 7, Line 8, and Line 9 (partially) as well as extensions of Line 2 and Line 3.

• Funds allocated for expansion of Belo Horizonte Subway network, Brazil

  August 26, 2021
  The Government of Brazil and the state government of Minais Gerais have approved plans to invest BRL3.20 billion to expand the subway network in Belo Horizonte.

• CAF to fund Sao Paulo Metro Line 2 extension, Brazil

  August 12, 2021
  CAF – Development Bank of Latin America has approved plans to provide USD550 million in funding for developing an extension of Line 2 of the São Paulo Metro network.

• Banobras to fund Mayan Train Section 1, Mexico

  July 8, 2021
  Banco Nacional de Obras y Servicios Públicos (Banobras), a Mexico-based development bank, has announced plans to provide funding for the Mayan Train Project.

• Banobras to fund Mayan Train Project, Mexico [free access]

  June 30, 2021
  Banco Nacional de Obras y Servicios Públicos (Banobras), a Mexico-based development bank, has announced plans to provide funding for the Mayan Train Project.

• 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.