Finance: Europe

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

• ICM Mobility Group acquires mobile ticketing specialist Unwire [free access]

  June 14, 2021
  ICM Mobility Group, a ticketing and payment services provider, has acquired Unwire, a mobile ticketing specialist.

• Funding allocated to upgrade commuter rail network in Cork, Ireland

  June 8, 2021
  The Government of Ireland has announced a EUR185 million upgrade of the commuter rail line in Cork.

• EC member states allocate funding for sustainable transport through recovery plans

  June 8, 2021
  The member states of the European Commission (EC) have collectively allocated EUR85 billion to sustainable transport as part of the National Recovery and Resilience Plans being developed to support the recovery from the effects of the COVID-19 pandemic.

• DfT agrees to new bailout funding package for TfL, UK [free access]

  June 2, 2021
  The Department for Transport (DfT) has agreed to a third bailout funding package for Transport for London (TfL) to ensure continuous operation of public transit systems despite the ongoing COVID-19 pandemic.

• Sinara GTR Taganrog to modernise tram network in Taganrog, Russia

  May 28, 2021
  The municipality of Taganrog and Sinara GTR Taganrog have signed a concession agreement for the modernisation of the infrastructure of the city’s tram network and for the supply of rolling stock.

• MaaS Global acquires Wondo

  May 27, 2021
  Finland-based MaaS Global, a Mobility-as-a-Service (MaaS) solution provider, has acquired Spain-based Wondo, a mobility startup.

• Agreement signed to develop interurban tramway line in Sverdlovsk Oblast, Russia [free access]

  May 26, 2021
  The government of Sverdlovsk oblast and Verkhnepyshminskiy Tramway LLC, a part of the Movista Regions group, have signed a 10-year concession agreement to finance, build, and operate an interurban tramway line that will connect the town of Yekaterinburg with the town of Verkhnyaya Pyshma.

• Government of Tajikistan to receive funding to rehabilitate trolleybus infrastructure in Dushanbe

  May 20, 2021
  The Government of Tajikistan has ratified a grant agreement to receive funding from the European Bank for Reconstruction and Development (EBRD) to rehabilitate the trolleybus infrastructure in Dushanbe, the capital and the largest city in the country.

• Additional federal aid announced for local and regional transport in Germany [free access]

  May 14, 2021
  The Government of Germany has provided EUR1 billion as additional aid for local and regional transport across the nation in 2021.

• EIB to fund metro projects in Kanpur and Pune, India

  May 7, 2021
  The European Investment Bank (EIB) has signed an agreement with the Government of India to provide two loans worth EUR150 million each for the Kanpur and Pune metro projects.

• Government of France allocates EUR4.1 billion to Bordeaux–Toulouse HSR project [free access]

  April 29, 2021
  The Government of France has allocated EUR4.1 billion for the EUR6 billon project to construct a 222-km-long high speed rail (HSR) line from Bordeaux to Toulouse.

• EasyMile secures EUR55 million in Series B funding round

  April 28, 2021
  France-based EasyMile, a start-up that builds autonomous vehicles (AVs), has closed a Series B funding round of EUR55 million.

• Volvo Group to acquire 60 per cent of shares in Designwerk Technologies AG

  April 26, 2021
  Sweden-based Volvo Group has announced plans to acquire 60 per cent of the shares in Switzerland-based Designwerk Technologies AG.

• SNCF to sell its railcar subsidiary Ermewa [free access]

  April 26, 2021
  Société Nationale des Chemins de Fer Français’s (SNCF’s) board of directors has approved the plan to commence exclusive discussions with a consortium, comprising Caisse de dépôt et placement du Québec (CDPQ) and a fund managed by DWS Group (DWS), for the sale of its railcar subsidiary Ermewa.

• Thales plans to sell its rail signalling business

  April 22, 2021
  France-based Thales plans to sell its rail signalling business to streamline operations.

• EC approves state aid for Polish Regional Railways, Poland

  April 20, 2021
  The European Commission (EC) has approved aid for Przewozy Regionalne (PR)/Polish Regional Railways, the regional passenger rail operator in seven out of Poland’s 16 regions, to prevent its collapse and to counter the resulting negative impact on regional transit services in Poland.

• RATP and IDFM approve operating and investment contract for 2021–2024, France

  April 15, 2021
  The new 2021–2024 operating and investment contract has been approved by the boards of directors of Île-de-France Mobility (IDFM) and Régie Autonome des Transport Parisiens (RATP) for the public transport network operated by RATP in the Île-de-France region.

• Funds allocated through National Growth Fund for rail projects, Netherlands

  April 12, 2021
  The Government of the Netherlands has allocated funding through the National Growth Fund for 10 projects, including two rail projects.

• Tashkent Metro secures loans to procure rolling stock, Uzbekistan

  April 7, 2021
  VEB.RF, a Russia-based development corporation, has signed an agreement with Tashkent Metro to provide a EUR30.40 million loan for the procurement of 10 four-car trains.

• Alstom acquires brake linings manufacturer Flertex

  April 5, 2021
  Alstom has announced the acquisition of Flertex, a France-based brake linings manufacturer.