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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.