Finance: Latin America

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

• 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.

• 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