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Finance

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


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North America


Funding approved for Caltrain electrification, United States 

May 23, 2017
The Federal Transit Administration (FTA) has announced plans to grant USD650 million for electrification of Caltrain tracks.

California Energy Commission grants funds to pilot electric bus systems 

May 13, 2017
The California Energy Commission has allocated USD2 million to Prospect Silicon Valley and an innovative Silicon Valley collaborative (including the Santa Clara Valley Transportation Authority [VTA]) to research, develop and demonstrate an advanced energy management and grid services system to deploy electric transit bus fleet in the city.

OC Streetcar secures funding 

May 4, 2017
The Orange County (OC) Streetcar project has secured a USD50-million financing from the Federal government under the New Starts programme.

Sound Transit to receive USD100 million for Seattle Lynnwood Link LRT extension 

May 4, 2017
The United States federal government has announced plans to provide USD100 million to Sound Transit in fiscal year 2017 as the first instalment for the Seattle Lynnwood Link light-rail transit (LRT) extension.



Latin America


JBIC-DB to finance Buenos Aires Subway upgrade, Argentina 

May 23, 2017
Japan Bank for International Cooperation (JBIC) and Deutsche Bank have signed a loan agreement with the Government of Argentina to provide USD49.5 million for installation of the automatic braking system on the Buenos Aires Subway.

KfW IPEX-Bank to provide funds to IAMSA, Mexico 

May 19, 2017
The KfW IPEX-Bank will provide EUR21.3 million to the Inversionistas en Autotransportes Mexicanos S.A. (IAMSA), the Mexican bus operator, for the procurement of 55 high-floor MAN double-decker buses.

EIB to fund Managua BRT, Nicaragua 

May 16, 2017
The European Investment Bank (EIB) has announced plans to provide USD136 million to finance the construction of the new bus rapid transit (BRT) line in Managua.

Odebrecht exits Quito Metro Consortium 

May 4, 2017
Brazil-based Odebrecht Transport has exited the consortium which secured the USD1.54-billion contract to construct Quito Metro Phase II by 2018-19 in October 2015.



Asia Pacific


Khyber Pakhtunkhwa government allocates fund for Peshawar BRT, Pakistan [free access]

May 19, 2017
The Government of Khyber Pakhtunkhwa province in Pakistan has allocated PKR19 billion to procure land for the Peshawar Sustainable bus rapid transit (BRT) corridor.

CDB to extend USD4.5 billion for Jakarta-Bandung HSR, Indonesia [free access]

May 15, 2017
China Development Bank (CDB) and PT Kereta Cepat Indonesia-China (KCIC) have signed a USD4.5 billion loan to finance Jakarta-Bandung high-speed rail (HSR), Indonesia's first HSR project.

Priority corridor of Lucknow Metro to begin by June 2017; LMRC receives funds from state government, India 

May 10, 2017
Lucknow Metro Rail Corporation (LMRC) has announced plans to begin commercial operations on the 8.5-km priority stretch of the Lucknow Metro North-South Corridor (Phase IA) by June 2017.

Victoria state budget 2017-18 allocates AUD2.06 billion for public transport, Australia [free access]

May 3, 2017
The Government of Victoria has allocated AUD2.06 billion in its FY2017-18 budget for public transport.



Europe


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.

SNCF to invest EUR46 billion in Île-de-France network during 2017-2027 

May 10, 2017
French railway operator SNCF has announced plans to invest EUR46 billion for the modernisation and development of the railway network in the region of Île-de-France until 2027.

Trenitalia to issue bonds to fund 2017-2026 Industrial Plan targets 

May 4, 2017
Italy's main railway company Ferrovie Dello Stato Italiane S.p.A., better known by its commercial name Trenitalia, has approved the issue of bonds worth EUR2.1 billion to fund investments in its 2017-2026 Industrial Plan.

Siemens Mobility announces plans to acquire HaCon 

April 29, 2017
Siemens Mobility has announced plans to acquire Germany-based HaCon, a software provider for public transportation, mobility and logistics.



Middle East & Africa


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.

AFD to fund Al Raml tram in Alexandria, Egypt 

March 30, 2017
France-based Agence Francaise de Developpement (AFD) has announced plans to allocate USD107.87 million for the upgradation of Alexandria Tram system (also known as the Al Raml Tram) in Egypt.