Finance: Europe

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

• BP invests EUR10 million in MaaS Global’s Whim app

  November 7, 2019
  BP Ventures has invested EUR10 million in Finland-based MaaS Global’s Whim app which allows users to plan their trips and to pay fares for various modes of transport on a single platform.

• German government to invest in public transport and green mobility in India

  November 2, 2019
  The Government of Germany has announced plans to invest EUR1.20 billion to reform public transport and promote green mobility in India.

• Turin Metro Line 2 receives EUR828 million funding, Italy

  October 31, 2019
  Italy’s Ministry of Economics and Finance has allocated EUR828 million in funding for the construction of Turin Metro Line 2.

• Funds allocated for purchase of 41 railcars for DART, Ireland

  October 30, 2019
  Ireland’s Ministry for Transport, Tourism and Sport has approved around EUR150 million for the purchase of 41 railcars to increase capacity by 34 per cent on Dublin Area Rapid Transit (DART), the commuter rail network in the city.

• Funds allocated for Nairobi BRT, Kenya

  October 23, 2019
  The European Union (EU), the European Investment Bank (EIB), and Agence Française de Développement (AFD) have together committed to provide funding of KES23 billion for the development of the Nairobi Bus Rapid Transit (BRT) project.

• Intelligent Energy receives funding for automotive project, UK [free access]

  October 19, 2019
  Loughborough-based Intelligent Energy has secured funding from the Government of the UK to explore hydrogen fuel-cell solutions for large passenger cars, buses, and heavy-duty transport under a project called ‘Project Esther’.

• Sarajevo Canton approves EUR69.5 million transport funding, Bosnia and Herzegovina

  October 17, 2019
  The government of Sarajevo Canton has approved EUR69.5 million in funding for public transport projects in Sarajevo city, Bosnia and Herzegovina.

• EU launches EUR1.4 billion CEF call

  October 16, 2019
  The European Commission has launched a call worth EUR1.4 billion to support key transport projects to be implemented in 2021–2027 under its Connecting Europe Facility (CEF) programme.

• Funding agreement signed to upgrade Sofia’s public transport fleet, Bulgaria [free access]

  October 14, 2019
  Bulgaria’s Minister of the Environment and Water Resources, the Sofia Electric Transport EAD, and Sofia Auto Transport EAD have signed three funding contracts of total worth BGN218 million under the European Union’s Operational Program Environment (OPE) 2014–2020 programme for the deployment of eco-friendly trams, buses and trolleybuses in Sofia, Bulgaria.

• BRT projects in Indonesia secure funding

  October 10, 2019
  The governments of the UK, Switzerland, and Germany have announced plans to provide USD23.1 million (EUR21 million) as grants for the development of bus rapid transit (BRT) systems in five cities of Indonesia.

• EIB funds clean buses in Rotterdam, Netherlands

  October 2, 2019
  The European Investment Bank (EIB) has signed a EUR115-million loan agreement with Metropole Region Rotterdam The Hague (MRDH) and Rotterdamse Elektrische Tram (RET), Rotterdam’s public transport operator, to buy electric buses and diesel-hybrid buses and install the related charging infrastructure as well as renew tram and metro tracks at various points.

• Timisoara City Council secures funding for public transport projects, Romania

  October 2, 2019
  The West Regional Development Agency (RDA) and the Timisoara City Hall have signed a EUR28.87-million funding agreement for two public transport projects; “Rehabilitation of tram lines and modernisation of street network in the City of Timisoara, Route 5, Calea Bogdăneștilor” and “Renewal of Tram Fleet – Stage 2”.

• EIB to finance Warsaw Metro Line 2 extensions, Poland

  September 30, 2019
  The European Investment Bank (EIB) has signed a EUR350 million loan with Warsawfor the extensions of Warsaw Metro Line 2.

• EBRD and BSTDB to finance Istanbul Metro’s new line, Turkey

  September 30, 2019
  The European Bank for Reconstruction and Development (EBRD) and Black Sea Trade and Development Bank (BSTDB) have announced a total funding of EUR175 million to finance the development of Istanbul Metro’s new line.

• KfW to finance procurement of clean buses in Tamil Nadu, India [free access]

  September 28, 2019
  Germany-based development bank, KfW has signed an EUR203 million (INR15.80 billion) agreement with the state government of Tamil Nadu for buying 2,123 buses equipped with Bharat Stage VI (BS-VI) emission standard engines and 500 electric buses.

• Scotland to invest GBP500 million in bus infrastructure, UK

  September 16, 2019
  The Government of Scotland has announced the Government’s Programme for Scotland 2019-–020, which focuses on plans to reduce the effects of climate change as well as carbon emissions in Scotland.

• VAG secures funds for new rail rolling stock, Germany

  September 11, 2019
  Verkehrs-Aktiengesellschaft Nürnberg (VAG), the public transport operator in Nuremburg, has secured EUR25 million funding from the state government of Bavaria for procurement of new rail rolling stock.

• 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.