Finance: Europe

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

• EBRD provides loan for new Kyiv Metro rolling stock, Ukraine

  February 26, 2021
  The European Bank for Reconstruction and Development (EBRD) and Kyiv Metropoliten/Kyiv Metro have signed a EUR50 million loan agreement and a guarantee agreement with the Kyiv City Council for the purchase of 50 new metro cars.

• Funding granted for five rail lines in the Sud Provence-Alpes-Côte d’Azur region, France [free access]

  February 24, 2021
  The Ministry of the Ecological Transition of France has signed an agreement with the Sud Provence-Alpes-Côte d’Azur region to provide funding for the modernisation of five rail lines.

• EIT UM commences the Startup Investment 2021 competition

  February 17, 2021
  EIT Urban Mobility (EIT UM), an initiative of the European Institute of Innovation and Technology (EIT), has commenced the Startup Investment 2021 competition.

• SNCF Reseau secures funding to install ERTMS across multiple regions, France [free access]

  February 16, 2021
  The European Commission (EC) has awarded SNCF Réseau a EUR31 million grant under the Connecting Europe Facility (CEF) blending call to install the European Rail Traffic Management System (ERTMS) on 252 rail vehicles comprising passenger trains and freight locomotives.

• NTA announces funding for sustainable transport projects in multiple cities, Ireland

  February 12, 2021
  The National Transport Authority (NTA) of Ireland has announced EUR240 million funding to support sustainable transport projects across the country.

• LTG Infra outlines infrastructure investment plans for 2021, Lithuania [free access]

  February 11, 2021
  LTG Infra, the infrastructure manager in Lithuania, has outlined infrastructure investment plans for 2021.

• Government of Netherlands to provide financial support to operators

  February 5, 2021
  The Government of the Netherlands has announced plans to provide EUR370 million as financial support to public transport operators to help recover from the adverse impact of the COVID-19 pandemic.

• Alstom completes acquisition of Bombardier Transportation

  January 29, 2021
  Alstom has completed its acquisition of Bombardier Transportation.

• Funding proposed for the improvement of rail and bus infrastructure in Greater Manchester, UK

  January 25, 2021
  A GBP69.5 million Transforming Cities Fund 2 has been proposed for improving and developing rail stations and the bus network, delivering more electric vehicle (EV) charging points, and planning new Metrolink stops.

• Transport Scotland announces second round of MaaS Investment Fund, UK

  January 11, 2021
  Transport Scotland has announced the launch of the second round of the Mobility as a Service (MaaS) Investment Fund.

• OBB to invest EUR2.13 billion in eight regions in 2021, Austria [free access]

  January 9, 2021
  Österreichische Bundesbahnen (ÖBB), the Austrian Federal Railways, has announced plans to invest EUR2.13 billion in 2021 across its rail networks in eight regions, that is, Upper Austria, Lower Austria, Burgenland, Vorarlberg, Carinthia, Styria, Vienna, and Salzburg.

• EC approves COVID-19 compensation scheme for rail operators in Denmark

  December 30, 2020
  The European Commission (EC) has approved a DKK1 billion government scheme under EU state-aid rules to compensate passenger rail transport operators in Denmark that have suffered losses due to the COVID-19 pandemic.

• EIB to invest in rail systems in Alexandria and Cairo, Egypt

  December 29, 2020
  The European Investment Bank (EIB) has signed an agreement with the Government of Egypt to provide EUR1.128 billion as support for the rehabilitation and expansion of the metro and tram networks in Alexandria and Cairo.

• Additional trams to be transferred from Zurich to Vinnytsia, Ukraine

  December 24, 2020
  The Government of Switzerland, the Vinnytsia City Council, and Vinnytsia Transport Company have signed a cooperation agreement on technical and financial assistance for the transfer of a batch of trams from Zurich in Switzerland to Vinnytsia in Ukraine.

• Salzburg City Council approves funding agreement for SLB extension, Austria

  December 22, 2020
  The Salzburg City Council has approved a funding agreement between the city, state, and federal governments to support the 750-metre-long extension of the Salzburger Lokalbahn (SLB), the local train service in Salzburg, to Mirabellplatz.

• INEA and RB Rail AS sign grant agreements on CEF funding for Rail Baltica project [free access]

  December 15, 2020
  Innovation and Networks Executive Agency (INEA) and RB Rail AS, the joint venture (JV) implementing the Rail Baltica project, have signed two additional Connecting Europe Facility (CEF) grant agreements to support the design, planning, construction, and land acquisitions for the Rail Baltica project.

• IBB secures additional funding to complete stalled metro projects, Turkey

  December 7, 2020
  İstanbul Büyükşehir Belediye (IBB)/Istanbul Metropolitan Municipality has raised an additional USD580 million funding to complete the construction of four stalled metro projects through its first international Eurobond sale.

• Rail budget increased in Belgium

  December 2, 2020
  The Government of Belgium has increased the rail budget for 2021 by EUR100 million.

• Additional funding allocated for Crossrail project, UK [free access]

  December 1, 2020
  The Government of the UK has allocated GBP825 million funding to the Greater London Authority (GLA) for the final phase of the Crossrail project in the UK.

• Funds allocated for transport infrastructure development projects in the UK

  November 25, 2020
  The Government of the UK has announced plans to fund transport infrastructure development projects in the UK.