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

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North America

Canadian government to allocate USD960 million for Montreal REM [free access]

June 16, 2017
Canada’s federal government has announced plans to fund the USD960-million Montreal Metropolitan Electric Network (Montreal REM) project.

USDOT to provide USD197 million to implement PTC, United States [free access]

June 5, 2017
The United States Department of Transportation (USDOT) has granted USD197 million to implement positive train control (PTC) systems to reduce train-to-train collisions, derailments and incursions on the rail network.

New Flyer acquires Carlson, Canada 

June 5, 2017
Canada-based bus manufacturer, New Flyer Industries, has acquired Carlson Engineered Composites for a consideration of CAD13 million.

Allegheny County BRT route finalised, United States 

June 2, 2017
The Allegheny County has finalised the route for the development of a bus rapid transit (BRT) system.

Latin America

EIB to fund Buenos Aires modernisation, Argentina 

June 13, 2017
The European Investment Bank (EIB) has announced plans to provide EUR89 million for rehabilitation of the Buenos Aires Metro system.

Mexico federal government to allocate funds for Mexico Metro Line 9 extension 

June 9, 2017
Mexico federal government is expected to allocate MXN90 million (USD4.94 million) for the extension of Mexico Metro Line 9.

Mercedes-Benz to supply 200 buses to Brazil; BNDES approves funding 

June 9, 2017
Mercedes-Benz has secured the contract from seven public transport companies – Caxangá, Metropolitan, Mirim, Mobibrasil, Pedrosa, St. Judas Tadeu and Rodotur – to supply a total of 200 1721 chassis buses.

Viacao Jauense to acquire seven Iveco Bus, Brazil 

May 26, 2017
Brazil-based bus operator, Viacao Jauense, has announced plans to acquire seven buses from Iveco Bus as a part of its fleet renewal programme.

Asia Pacific

India sanctions USD318-million line-of-credit to Sri Lanka for rail development [free access]

June 9, 2017
The Government of India has sanctioned a USD318-million line-of-credit to the Government of Sri Lanka for the development of railway projects.

SMC merges Seoul Metro and SMRT, South Korea 

June 2, 2017
South Korean rail transport operators, Seoul Metro Corporation and Seoul Metropolitan Rapid Transit Corporation (SMRT), have merged into one company with effect from May 31, 2017.

Strukton and SiCC forms Shandong SRCC Rail Transport Technology JV, China 

May 31, 2017
Strukton Rolling Stock and SiCC Company Limited have formed a joint venture (JV), Shandong SRCC Rail Transport Technology Company, to design, produce, assemble and deliver propulsion systems and auxiliary systems for the rail sector.

KEXIM to fund Ho Chi Minh Metro Line 4B-1, Vietnam [free access]

May 29, 2017
The Export-Import Bank of Korea (KEXIM) has announced plans to sanction official development assistance (ODA) loan of USD233.3 million for metro Line 4B-1 in Ho Chi Minh City.


Trenitalia acquires stake in Milan's Metro 5 S.p.A. consortium 

June 12, 2017
Italy's main railway company Ferrovie Dello Stato Italiane S.p.A., better known by its commercial name Trenitalia, has acquired a 36.7 per cent stake from Astaldi, in the Metro 5 S.p.A. consortium that operates the Milan Metro Line M5.

EU to finance Sofia Metro Line 3 western section, Bulgaria 

June 8, 2017
The European Union (EU) has announced plans to finance EUR86 million through its Regional Development Fund for the construction of Sofia Metro Line 3 western section.

STIF to finance Bombardier Régio2N EMUs for Paris RER Lines D and N 

May 24, 2017
The public transport authority of the Paris region (Île-de-France), Syndicat des Transports d'Île-de-France (STIF), has announced plans to fully fund the EUR1.1-billion acquisition of 83 Bombardier Régio2N double-deck electric multiple units (EMUs) for the Paris suburban network (Paris RER).

EIB to extend EUR1 billion for Grand Paris Line 15 South; EUR740 million for Barcelona Metro Line 9 Central section 

May 11, 2017
The European Investment Bank (EIB) is considering extending EUR1 billion for the EUR6.85-billion Grand Paris Line 15 South Line.

Middle East & Africa

World Bank allocates funds for Dakar BRT, Senegal 

May 29, 2017
The World Bank has allocated funding of USD313.5 million for the development of a bus rapid transit (BRT) system in Dakar, Senegal.

AFD and EIB to finance Raml Tramway; NAT invites bids for consultancy contract 

May 18, 2017
The Agence Francaise de Developpement (AFD) and European Investment Bank (EIB) have announced plans to provide funding worth EUR280 million (78 per cent) for the rehabilitation of the Raml Tramway in Alexandria, Egypt.

Dakar TER project secures funding, Senegal [free access]

April 28, 2017
Government of Senegal has signed two financing agreements valued at USD215.5 million for the Dakar Train Express Régional (TER) project.

Nigeria secures loan from EXIM bank for rail projects 

April 6, 2017
The Government of Nigeria secured a USD6.1-billion loan from Export-Import (EXIM) bank of China to complete its ongoing rail projects by 2019.