Finance: Asia Pacific

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

• NZ Transport Agency to fund study for procurement of trains, New Zealand

  May 22, 2020
  The Greater Wellington and Horizons Regional Councils have received NZD5 million from the NZ Transport Agency to pursue a detailed business case for the procurement of regional trains to accommodate the increasing numbers of commuters.

• Government of New Zealand allocates NZD1.1 billion to transport in Budget 2020

  May 15, 2020
  The Government of New Zealand, in its budget for 2020, has allocated NZD1.10 billion to improve transport.

• Government of Queensland allocates funds to continue public transport operations during COVID-19, Australia

  April 28, 2020
  The state government of Queensland has approved plans to invest AUD54.50 million to continue regional air, bus, and ferry services during the COVID-19 outbreak.

• JICA to fund Yangon–Mandalay Railway Improvement Project Phase 1, Myanmar

  April 3, 2020
  The Japan International Cooperation Agency (JICA) has signed a loan agreement with the Government of Myanmar to provide JPY40.604 billion as official development assistance (ODA) for Yangon–Mandalay Railway Improvement Project Phase 1.

• JICA to fund metro projects in India [free access]

  March 30, 2020
  The Japan International Cooperation Agency (JICA) has signed loan agreements with the Government of India to provide over JPY58 billion as official development assistance (ODA) loans for the Mumbai Metro Line 3 and Ahmedabad–Gandhinagar Metro Phase I projects.

• Government of Delhi allocates funds for public transport in Budget FY2020–21, India

  March 27, 2020
  The state government of Delhi has allocated INR59.41 billion to public transport during FY2020–21.

• Kinetic to acquire Go Bus, New Zealand

  March 21, 2020
  Ngāi Tahu Holdings and Tainui Group Holdings have announced plans to sell Go Bus, a New Zealand-based bus operator to Kinetic, an Australia-based transport operator.

• Government of Singapore to invest SGD60 million in rail network by 2030

  March 7, 2020
  Singapore’s Ministry of Transport has announced plans to invest SGD60 million over the course of the next 10 years to expand and renew the rail network as well as procure rolling stock.

• Governments of Karnataka and Maharashtra allocate funds for public transport in Budget FY2020–21, India

  March 7, 2020
  The state governments of Karnataka and Maharashtra have have collectively allocated over INR25 billion for the expansion of public transport in their respective states.

• Punjab government to subsidise operations of Lahore Metro Orange Line, Pakistan

  March 1, 2020
  The state government of Punjab has announced that it will disburse PKR193.556 billion as subsidy for operations of Lahore Metro Orange Line over 20 years.

• Government of Gujarat allocates funds for public transport in Budget FY2020–21, India [free access]

  February 29, 2020
  The state government of Gujarat, in its budget for FY2020–21, has allocated INR6.46 billion for the expansion of public transport.

• Tamil Nadu and Uttar Pradesh governments allocate funds for transport in Budget FY2020–21, India

  February 19, 2020
  The state governments of Tamil Nadu and Uttar Pradesh have collectively allocated over INR58 billion for the expansion of public transport in their respective states.

• Kerala government allocates funds for Kochi Metro expansion in Budget FY2020–-21; announces timeline for semi-HSR project, India

  February 8, 2020
  The state government of Kerala in its budget for FY2020–21 has allocated INR30.25 billion to expand the Kochi Metro network by over 11 km.

• PT KAI to invest IDR4.2 trillion in Jabodebek LRT Phase I, Indonesia

  February 5, 2020
  The Indonesian Railway Company/ PT Kereta Api Indonesia (PT KAI) has announced plans to invest IDR4.2 trillion in the Jabodebek light rail transit (LRT) Phase I project.

• Indian government allocates funds for rail projects in Budget FY2020–21

  February 1, 2020
  The Government of India in its budget for FY2020–21 has allocated INR200 billion for the expansion of metro rail systems in multiple cities in India.

• New Zealand government announces investments in transport infrastructure

  January 29, 2020
  The Government of New Zealand has announced plans to invest NZD6.8 billion in road, rail, public transport, and walking and cycling infrastructure in Auckland, Waikato, Bay of Plenty, Wellington, Canterbury, and as well as NZD1.10 billion in rail infrastructure.

• Nepal government to withdraw funding for procurement of electric buses

  January 25, 2020
  The Government of Nepal has announced plans to withdraw NPR3 billion funding from Sajha Yatayat, a bus operator, for the procurement of 300 electric buses.

• OCBC Bank to finance ComfortDelGro’s hybrid bus fleet in Victoria, Australia

  January 21, 2020
  Singapore-based OCBC Bank has approved an AUD25 million for ComfortDelGro Corporation’s (ComfortDelGro) Australia-based subsidiary, ComfortDelGro Corporation Australia Pty Limited, to deploy hybrid buses in the state of Victoria.

• PT Kereta Api Indonesia, PT MRT Jakarta form a new company, Indonesia

  January 11, 2020
  PT Kereta Api Indonesia/ Indonesian Railway Company and PT MRT Jakarta have entered into a joint venture (JV) and incorporated a new company, PT Moda Integrasi Jabodetabek Transportation.

• Beijing-Shanghai High-Speed Railway Company IPO launched, China

  January 8, 2020
  The Beijing-Shanghai High-Speed Railway Company, the operator of a high-speed rail (HSR) line connecting Beijing and Shanghai, has floated its initial public offering (IPO) on the Shanghai Stock Exchange.