Finance: Asia Pacific

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

• MMRDA, governments of Tamil Nadu and Uttar Pradesh allocate funds for transport in Budget FY2021–22, India

  February 25, 2021
  The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated over INR65 billion for the Mumbai Metro Project.

• Government of Australia to fund Canberra LRT Stage 2A

  February 24, 2021
  The Government of Australia has announced plans to allocate AUD132.50 million for Stage 2A of Canberra’s light rail transit (LRT) system.

• Government of Singapore allocates funds for public transport in Budget 2021

  February 24, 2021
  The Government of Singapore, in its budget for FY2021, has announced plans for the transport sector, with special emphasis on promoting electric mobility.

• Philippines’ DoTr to invest USD15.4 billion in rail expansion

  February 24, 2021
  The Philippines’ Department of Transportation (DoTr) has announced plans to invest USD15.4 billion (over PHP741 billion) in expanding the rail network by 2025.

• Funds to be allocated for Delhi Metro Phase IV, India

  February 12, 2021
  The Delhi Development Authority (DDA), the nodal planning agency in Delhi, has approved plans to invest INR10 billion to develop an extension of Red Line of Delhi Metro.

• Government of India allocates funds for transport in Budget 2021–22 [free access]

  February 1, 2021
  The Government of India in its Budget FY2020–21 has allocated INR1,100 billion for the railway sector.

• Public transport technology start-up Chalo raises USD7 million, India

  January 14, 2021
  India-based Chalo, a public transport technology startup, has raised USD7 million in its latest round of funding.

• Government of India plans to invest INR38 trillion in National Rail Plan [free access]

  January 14, 2021
  The Ministry of Railways of India plans to invest over INR38 trillion over 30 years as part of its National Rail Plan.

• DTC approves funding to procure CNG buses, India

  January 12, 2021
  The Delhi Transport Corporation (DTC), the public transport operator in Delhi, has approved funding to procure 1,000 CNG buses.

• Government of Japan to provide financial assistance to JR Hokkaido and JR Shikoku

  December 26, 2020
  Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced plans to provide financial assistance to JR Hokkaido and JR Shikoku to cover deficits resulting from operations on unprofitable routes and decline in revenue caused by the outbreak of the novel coronavirus.

• Canberra Light Rail project secures green funding, Australia [free access]

  December 24, 2020
  Canberra Metro, in partnership with the government of Australian Capital Territory (ACT), has secured a green loan for the first stage of the Canberra Light Rail project.

• Yutong invests USD200 million in WeRide, China

  December 23, 2020
  Yutong has invested USD200 million in WeRide, a China-based developer of autonomous vehicles (AVs).

• ADB to invest over USD1.7 billion in infrastructure projects in the Philippines

  December 17, 2020
  The Asian Development Bank (ADB) has announced plans to provide USD9.4 billion as sovereign lending to the Government of the Philippines from 2021–23 to revitalise the economy during the Covid-19 pandemic.

• Tata Marcopolo JV to be dissolved

  December 17, 2020
  India-based Tata Motors has signed an agreement to purchase 49 per cent of the stake of Brazil-based Marcopolo in their joint venture, Tata Marcopolo Motors Limited (TMML).

• ADB to fund Bangalore Metro expansion, India

  December 10, 2020
  The Asian Development Bank (ADB) has approved plans to provide a USD500 million loan for the construction of two new metro rail lines in Bengaluru.

• Funds extended to deploy electric buses in Nagpur, India

  December 10, 2020
  The Government of India has approved the Nagpur Municipal Corporation’s (NMC’s) proposal to purchase 40 electric buses under Phase II of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme.

• Government of Queensland allocates funds for transport in Budget FY2020–21, Australia

  December 3, 2020
  The state government of Queensland in its Budget FY2020–21 has allocated AUD6.30 billion to expand the rail and road network in the state.

• Government of Maharashtra provides funding support for MSRTC, India

  December 3, 2020
  The state government of Maharashtra has decided to provide financial assistance of INR10 billion to the Maharashtra State Road Transport Corporation (MSRTC) to cover losses incurred due to the COVID-19 pandemic.

• Government of NSW allocates funds for rail in Budget FY2020–21, Australia [free access]

  November 19, 2020
  The state government of New South Wales (NSW) in its Budget FY2020–21 has allocated funding for various rail projects across the state.

• Government of India and NDB sign agreement for Delhi–Meerut RRTS project, India

  November 19, 2020
  The New Development Bank (NDB) has signed an agreement with the Government of India’s Ministry of Housing and Urban Affairs to provide a USD500 million loan for the Delhi–Meerut Regional Rapid Transit System (RRTS) project.