Finance: Europe

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

• Liverpool allocates GBP173 million for development of sustainable transport, UK

  September 4, 2019
  Liverpool City Region Combined Authority has announced plans to invest GBP172.5 million in 18 transport and infrastructure projects, which will support the development of public and sustainable transport across the city region.

• London Overground's East London Line secures funds to increase capacity, UK [free access]

  September 2, 2019
  The Government of UK has allocated GBP80.8 million under its Housing Infrastructure Fund to the Greater London Authority for London Overground’s East London Line Growth Capacity programme.

• Zenobe funds electric buses and their infrastructure for Abellio, UK

  August 26, 2019
  Zenobe Energy (Zenobe) has announced a collaboration with Abellio London, a bus operator in London that is under contract to Transport for London (TfL), for 34 electric buses.

• Pune Metro secures financial closure, India

  August 1, 2019
  The European Investment Bank (EIB) has signed an agreement with the Government of India to provide a EUR600 million loan for the Pune Metro project.

• Turkey’s government approves investment programme for Buca Metro

  July 15, 2019
  The Government of Turkey has given approval to the Izmir Metropolitan Municipality for inclusion of Buca Metro in Izmir’s investment programme.

• EIB to finance rolling stock procurement in Plzen, Czech Republic

  July 9, 2019
  The European Investment Bank (EIB) has signed a EUR50 million loan agreement with Plzeň transport operator PMDP to finance the procurement of 34 trams and 34 trolleybuses.

• Germany funds electric bus procurement in five cities

  July 8, 2019
  Germany’s Federal Ministry for the Environment (BMU) has announced EUR14.3 million in grants for five German cities, namely Aachen, Bochum, Gelsenkirchen, Duisburg, and Offenbach am Main, to procure around 70 electric buses.

• Lausanne Metro to be expanded by 2027, Switzerland [free access]

  June 25, 2019
  The canton of Vaud has announced plans to expand Lausanne Metro Line M2 and to construct a new 4-km-long line, Line M3.

• Santiago’s Red secures funding for 490 buses

  June 24, 2019
  KfW IPEX-Bank, a wholly owned subsidiary of Germany-based KfW, has announced to allocate USD100.50 million to fund the procurement of 490 buses, which will be deployed on Red Metropolitana de Movilidad (Red; formerly known as Transantiago).

• VEB to fund Tashkent metro rolling stock, Uzbekistan [free access]

  June 12, 2019
  The National Bank of the Republic of Uzbekistan for Foreign Economic Activity has signed a EUR28 million loan agreement with the Vnesheconombank (VEB), a Russian development bank for the purchase of rolling stock for Tashkent Metro’s Sergili Line.

• EIB to fund upgradation of Poznan–Szczecin section [free access]

  June 6, 2019
  The European Investment Bank (EIB) has signed two loan agreements worth EUR400 million with PKP Polskie Linie Kolejowe (PKP PLK) for the modernisation of the 195-km Poznań–Szczecin section of the European Transport Network (TEN-T) Baltic–Adriatic corridor.

• Zenobe announces GBP120 million funding for deployment of electric buses in the UK [free access]

  May 31, 2019
  Zenobe Energy, the UK’s largest independent owner and operator of battery storage, has announced GBP120 million funding for local councils and for bus and fleet operators to accelerate the deployment of electric buses as well as to provide the supporting infrastructure.

• EIB finances procurement of 254 clean buses for Barcelona, Spain

  May 31, 2019
  The European Investment Bank (EIB) has signed a EUR73.5million financing agreement with Transports Metropolitans de Barcelona (TMB), the public transport operator in Barcelona, for procurement of 254 clean buses.

• NFI Group acquires Alexander Dennis Limited

  May 28, 2019
  New Flyer Incorporated Group (NFI) has acquired UK-based bus manufacturer Alexander Dennis Limited (ADL) for an estimated total transaction value of USD405 million on a cash-free, debt-free basis.

• EBRD to provide loans up to EUR250 million under Ukraine Public Transport Framework II [free access]

  May 24, 2019
  The European Bank for Reconstruction and Development (EBRD) has announced its plans to provide loans up to EUR250 million to public transport companies in Ukraine under the Ukraine Public Transport Framework II programme, to facilitate the modernisation of public transport infrastructure.

• EIB to fund modernisation of Buenos Aires Subway Line D, Argentina

  May 22, 2019
  The European Investment Bank (EIB) has signed a guarantee agreement with Argentina’s Ministry of Finance to provide a USD104 million loan for the modernisation works of Buenos Aires Subway Line D.

• FS Italiane to invest EUR58 billion in transport by 2023, Italy

  May 17, 2019
  FS Italiane Group has unveiled its Industrial Plan 2019–2023, which involves an investment of EUR58 billion.

• Stuttgart allocates funds for tram rolling stock and depot, Germany [free access]

  May 13, 2019
  Stuttgart City Council has allocated EUR72.5 million funds to Stuttgarter Straßenbahnen AG (SSB) for the acquisition of 20 light rail vehicles (LRVs) and for the construction of a new depot.

• Revised cost approved for Raide–Jokeri Light Rail; to begin construction by June 2019, Finland

  May 3, 2019
  The city councils of Helsinki and Espoo have approved the revised cost of the Raide–Jokeri Light Rail project and also announced plans to begin construction work on the project by June 2019.

• Stadler launches IPO; valued at CHF3.8 billion [free access]

  April 12, 2019
  Stadler Rail has launched an initial public offering (IPO) on the SIX Swiss Exchange.