Finance: Europe

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

• Funds allocated for MonoCabs project in Germany

  September 16, 2020
  The state of North Rhine-Westphalia has allocated EUR3.6 million to a study on the feasibility of MonoCabs.

• Alstom signs agreement for acquisition of Bombardier Transportation [free access]

  September 16, 2020
  Alstom has signed the sale and purchase agreement with Bombardier Inc. and Caisse de dépôt et placement du Québec (CDPQ) for the acquisition of Bombardier Transportation.

• Funding allocated for 10 low-carbon and active-travel projects in Scotland, UK [free access]

  September 10, 2020
  The Government of Scotland has allocated GBP9.46 million through the Low Carbon Travel and Transport Challenge Fund Round Three to 10 low-carbon and active-travel projects across the country.

• Funding allocated to increase capacity on suburban rail lines, Germany

  September 3, 2020
  The states of Berlin, Brandenburg, and Deutsche Bahn (DB) have signed an agreement to finance studies for a project to increase the capacity on the 23-km-long Spandau–Nauen section of the Berlin–Hamburg rail corridor, including a proposed extension of the Berlin S-Bahn to Finkenkrug.

• Government of Scotland provides funds for retrofitting bus exhaust, UK [free access]

  September 3, 2020
  The Government of Scotland has provided GBP9.75 million through the Bus Emission Abatement Retrofit Fund (BEAR) 2020–2021 to 19 bus and coach operators to retrofit 594 vehicle exhausts.

• Crossrail central section cost escalates, UK

  August 21, 2020
  Crossrail Ltd has announced that plans to begin operations on the central section of the Elizabeth Line (Paddington–Abbey Wood) have been delayed further to the first half of 2022 and the its cost has increased by GBP450 million.

• Scottish Ultra-Low Emission Bus Scheme launched, UK

  August 20, 2020
  The Government of Scotland has launched the Scottish Ultra-Low Emission Bus Scheme (SULEBS) that will provide GBP9 million funding to help bus operators transition to zero-emission vehicles and to recover from the effects of the COVID-19 pandemic.

• EC approves EUR6 billion scheme to compensate public transport operators, Germany [free access]

  August 14, 2020
  The European Commission (EC) has approved, under EU State aid rules, a EUR6 billion German scheme to compensate operators providing regional and local public passenger transport services in Germany for the damage suffered due to the COVID-19 pandemic and the emergency containment measures introduced in the country to limit the spread of the virus.

• Additional funding announced for bus operators in Scotland, UK

  August 13, 2020
  The Government of Scotland has approved additional funding of up to GBP63 million to support bus operators in maintaining bus services from August 17, 2020 till November 8, 2020.

• State funding provided for procurement of trams for Jena, Germany [free access]

  August 9, 2020
  The state government of Thüringen has announced that it will provide funding support for a EUR44.4 million procurement of 24 new trams by Jenaer Nahverkehr GmbH, the public transport operator of Jena.

• Federal funding allocated for trolleybus projects in Genoa and Ancona, Italy

  August 9, 2020
  The Government of Italy has allocated funding for the restoration and expansion of the trolleybus networks in Genoa and Ancona.

• Coventry VLR project receives financing from Getting Building Fund, UK

  August 5, 2020
  The very light rail (VLR) system project in Coventry has received GBP1.8 million from the Getting Building Fund (GBF) for research, planning, and construction.

• Funding allocated for Tyne & Wear Metro modernisation project, UK

  July 25, 2020
  Nexus, the operator of Tyne & Wear Metro, has secured GBP20 million from the Government of the UK for modernisation works for Tyne & Wear Metro.

• EIB funding provided for projects in Italy [free access]

  July 23, 2020
  The European Investment Bank (EIB) has signed an agreement to provide EUR300 million funding to the Autonomous Province of Trento for all sustainable public sector projects and to accelerate economic recovery from the impact of the COVID-19 pandemic.

• DfT announces funding for Birmingham University station modernisation, UK

  July 22, 2020
  The Department of Transport (DfT) has announced GBP12 million funding for the modernisation of the University station in Birmingham.

• Funding announced for bus infrastructure in Scotland, UK

  July 21, 2020
  The Government of Scotland has announced GBP10 million funding to support the rapid deployment of bus infrastructure by local authorities.

• EIB approves funding for Kanpur Metro, India

  July 21, 2020
  The European Investment Bank (EIB) has approved plans to provide EUR650 million for Kanpur Metro.

• EU announces EUR2.2 billion funding for transport projects

  July 16, 2020
  The European Union (EU) has announced EUR2.2 billion funding for public transport projects through the Connecting Europe Facility (CEF) to support sustainable transport and to spur economic recovery following the slowdown resulting from the COVID-19 pandemic.

• Alstom proposes divestments to obtain EU approval for Bombardier acquisition

  July 10, 2020
  Alstom has proposed carrying out divestments of its products and factories to obtain regulatory approval from the European Union (EU) for its acquisition of Bombardier Transportation (Bombardier).

• Berlin Senate approves funding for BVG, Germany [free access]

  July 8, 2020
  The Berlin Senate has approved EUR19 billion funding for Berliner Verkehrsbetriebe (BVG), the public transport company of Berlin to operate, expand and modernise the public transport services in Berlin for 15 years.