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Finance

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


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North America


US proposes major cuts in transit infrastructure financing 

March 16, 2017
The United States federal government has reduced funding for the Department of Transportation by 13 per cent in the proposed 2017 budget.

WMATA unveils revised FY18 budget; USD1.25 billion capital investments planned [free access]

March 6, 2017
The Washington Metropolitan Area Transit Authority (WMATA) has introduced the revised Fiscal Year 2018 (FY18, 2017-18) budget.

FTA withholds funds awaiting WMATA Metrorail SSOP 

February 10, 2017
The Federal Transit Administration (FTA) has withheld 5 per cent of the 2017 fiscal year (FY) transit formula funds for the District of Columbia (DC), Maryland and Virginia regions until it certifies a new State Safety Oversight Program (SSOP) for Washington Metropolitan Area Transit Authority’s (WMATA) Metrorail.

FTA allocates funds to Flint MTA to purchase 32 CNG buses 

January 11, 2017
The Federal Transit Administration (FTA) has allocated USD12.8 million to the Flint Mass Transit Authority (MTA) to purchase 32 compressed natural gas (CNG) buses.



Latin America


Mexico government to invest USD253 million to upgrade the public transport system 

March 14, 2017
Mexico’s Government has announced plans to invest USD253 million to upgrade the country’s public transport system.

Funds secured for Panama Metro rolling stock [free access]

March 9, 2017
Panama’s Ministry of Economy and Finance has signed a loan agreement worth USD137.33 million with three international entities including ING Bank and Citibank for the procurement of 70 new cars for the metro network.

STC Metro declares annual system maintenance costs 

February 15, 2017
Sistema de Transporte Colectivo (STC), the government body responsible for the Mexico City Metro system, has announced that it requires MXN6 billion per year to maintain the services of the metro system.

Cochabamba LRT to begin construction, Bolivia 

February 10, 2017
Spain-based Joca Ingeniería y Construcciones (JOCA) is expected to begin construction on the light-rail transit (LRT) line in Cochabamba, Bolivia, in March 2017.



Asia Pacific


World Bank to fund Metro Manila BRT, Philippines 

March 16, 2017
The World Bank has approved funding for the construction of the first bus rapid transit (BRT) system in Metro Manila.

ADB to fund Karachi BRT Red Line, Pakistan [free access]

March 15, 2017
The Asian Development Bank (ADB) has agreed to finance the construction of the bus rapid transit (BRT) Red Line in Karachi, Pakistan.

Delhi state budget 2017-18 allocates INR55.06 billion for transport infrastructure, India 

March 9, 2017
The Delhi state government has allocated INR55.06 billion for transport infrastructure under the state budget for 2017-18.

CRC to invest CNY800 billion in 2017, reaches full online ticketing, China 

February 21, 2017
China Railway Company (CRC) has announced a budget of CNY800 billion for network and service expansion in 2017.



Europe


Bozankaya receives EBRD loan to manufacture rolling stock for Bangkok 

February 22, 2017
Turkey-based bus and tram manufacturing company, Bozankaya, has received a EUR10-million loan from the European Bank for Reconstruction and Development (EBRD) to fund the capital expenditure for delivering 22 metro trains for Bangkok.

EIB finances MetroGuagua BRT, Gran Canaria [free access]

February 15, 2017
Las Palmas, Gran Canaria, has received a 20-year loan of EUR50 million from the European Investment Bank (EIB) to develop the 11.7-km bus rapid transit system, locally known as MetroGuagua.

Trenitalia fully acquires c2c franchise up to 2029 

February 12, 2017
Italy's main railway company Ferrovie Dello Stato Italiane S.p.A., better known by its commercial name Trenitalia, has completed the acquisition of 100-per-cent stake of the UK-based train operating company c2c, marking its entry into the UK train operating market

Trenitalia signs contract to acquire TrainOSE 

January 19, 2017
Italy's main railway company Ferrovie Dello Stato Italiane S.p.A., better known by its commercial name Trenitalia, has signed a contract to acquire full stake of the Greek railway service operator TrainOSE.



Middle East & Africa


Lagos to invest in bus fleet upgrade, Nigeria 

March 16, 2017
The Lagos city government has announced plans to invest USD97 million in replacing its existing Danfo buses (yellow buses) with 5,000 air-conditioned buses over a period of three years.

AfDB to finance Abuja BRT 

February 20, 2017
The Federal Capital Territory (FCT) in Nigeria is likely to secure a loan of USD100 million from the African Development Bank (AfDB) for development of the bus rapid transit (BRT) system in Abuja.

EXIM Bank allocates funds for Tema-Akosombo rail line, Ghana 

December 5, 2016
The Export-Import Bank of India (EXIM Bank) has allocated USD398.33 million for the design and construction of the Tema-Akosombo rail line in Ghana.

SRO to provide additional funding for Haramain HSR Phase II, Saudi Arabia 

November 22, 2016
Saudi Railways Organisation (SRO) has allocated additional funding of USD158 million for the Haramain high-speed rail (HSR) Phase II to the Al-Shoula consortium (comprising Talgo, Indra, Dimetronic, Renfe, Adif and Obrascon Huarte Lain (OHL)) to cover cost escalation due to delays in payment.