Finance: Latin America

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

• 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.

• Sao Paulo State signs loan with CAF for Monorail Line 17, Brazil

  October 7, 2019
  The state government of São Paulo has signed a USD296 million loan agreement with Corporacion Andina de Fomento-Banco de Desarrollo de América Latina (CAF), development bank of Latin America, to complete the first section of the São Paulo Monorail Line 17 (Gold Line).

• Ministry of Regional Development to finance 120 buses in Rio de Janeiro, Brazil

  September 27, 2019
  The National Secretariat of Urban Mobility of Brazil’s Ministry of Regional Development has announced plans to allocate BRL45.1 million to Transportes Barra, Viação Redentor and Transportes Futuro for the acquisition of 120 buses to be deployed in Rio de Janeiro.

• Mexico train projects to receive funding for pre-investment studies [free access]

  September 14, 2019
  The Federal Government of Mexico has announced plans to invest MXN60 million in pre-investment studies of the suburban train in the Monterrey Metropolitan Area and the Guanajuato-Querétaro Metropolitan and Inter-municipal State Train.

• Mexico City to invest MXN40 billion in metro modernisation, Mexico

  September 4, 2019
  The government of Mexico City has announced plans to invest MXN40 billion in the modernisation of the Mexico City Metro/ Sistema de Transporte Colectivo (STC) to increase the capacity of the system to six million passengers.

• Chile’s USD5 billion railway development plan announced

  September 3, 2019
  The national government of Chile announced plans to invest more than USD5 billion in the Chile Sobre Rieles (Chile on Rails) project, comprising more than 27 rail infrastructure and security projects.

• Ministry of Social Development approves financing for Santiago Metro’s Lines 7, 8, and 9, Chile

  August 22, 2019
  Chile’s Ministry of Social Development has approved the financing of Metro de Santiago’s Lines 7, 8, and 9.