June 16, 2020
The African Development Bank (ADB) has awarded a USD1.2 million grant to the government of Ethiopia to fund a two-year comprehensive feasibility study for the construction of a 1,522-km standard gauge line from Addis Ababa to Khartoum.
April 1, 2020
Ethiopia’s Addis Ababa Bus Rapid Transit (BRT) and land information management system (LIMS) has received a concessional loan of USD93 million from South Korea.
January 13, 2020
The International Finance Corporation (IFC), a subsidiary of the World Bank, has announced plans to extend a load of USD100 million to finance the construction of Casablanca Tramway Lines 3 and 4.
December 18, 2019
Tunis Transport Company (TRANSTU) has signed a EUR45 million loan from the European Bank for Reconstruction and Development (EBRD) to procure 18 new light rail vehicles (LRVs), which will replace the existing rolling stock on the Tunis–Goulette–Marsa light rail transit (LRT) line, connecting Tunis’s city centre with La Marsa.
August 24, 2019
Abu Dhabi’s Integrated Transport Centre (ITC) has announced plans to purchase 327 buses at an investment of AED473 million to develop the public transport network.
July 23, 2019
The Saudi Arabia Public Transport Company (SAPTCO) has signed a memorandum of understanding (MoU) with Saudi Arabia’s Knowledge Economic City (KEC) to establish a joint venture (JV) to investment in KEC’s Medina project.
May 18, 2019
The National Treasury of Kenya has allocated KES5.53 billion to develop exclusive lanes for high-capacity buses planned to be deployed in Nairobi.
January 18, 2019
The Export and Import Bank of China has signed a loan agreement with Egypt’s Ministry of Transport to provide a USD1.2 billion soft loan for the Greater Cairo light rail transit (LRT).
April 18, 2018
The European Investment Bank (EIB) has approved financing of EUR45 million for the procurement of 18 trains by Transtu, the public transport company of the Greater Tunis Area.
March 23, 2018
Dubai’s Department of Finance has completed the USD2.45-billion infrastructure financing programme of the Route 2020 project of Dubai Metro.
March 16, 2018
The World Bank has approved funding of USD295 million to develop a bus rapid transit (BRT) system in Beirut on public private partnership (PPP) model.
March 8, 2018
The European Investment Bank (EIB) has signed a EUR40-million loan agreement with Société du Tramway de Rabat Salé (STRS)/Rabat-Salé Tramway Company for the extension of Line 2.
March 5, 2018
The Government of Côte d’Ivoire, on behalf of SOTRA, a public transport company in Abidjan, has signed a CFA59 billion loan agreement with the Czech Republic-based Ceskoslovenská Obchodni Banka (CSOB) to purchase 450 Iveco buses
February 26, 2018
France-based Agence française de développement (AFD), European Investment Bank (EIB), and European Bank for Reconstruction and Development (EBRD) have announced plans to provide total financing of EUR600 million for the rehabilitation of Cairo Metro Line 1.
February 13, 2018
The Board of the European Investment Bank (EIB) has approved funding for urban transport projects in Rabat (Morocco) and Dakar (Senegal).
February 8, 2018
The European Bank for Reconstruction and Development (EBRD) proposes to provide a EUR130-million loan to the National Authority for Tunnels (NAT) for the rehabilitation of Cairo Metro Line 1.
January 2, 2018
The Saudi Arabia Public Transport Company (SAPTCO) has secured a SAR61.5 million-loan from the Al Rajhi Bank to procure 50 Mercedes-Benz buses.