April 13, 2017
Companhia do Metropolitano de São Paulo (CMSP), the operator of the São Paulo metro rail system, has announced that the metro rail system received funding of USD743.01 million in 2016, which is 30 per cent less than the 2015 allocation.
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.
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.
December 16, 2016
Financial Territorial Development /Financiera de Desarrollo Territorial S.A. (FINDETER) has allocated MXN40 billion for the procurement of 22 new trains for the Medellin Metro, which is scheduled to commence operations in September 2017.
November 15, 2016
Sistema de Transporte Colectivo (STC), the government body responsible for the Mexico City Metro system, has announced that investments for Line 9 and Line 12 extensions are estimated to be MXN3 billion and MXN8.5 billion, respectively.
September 21, 2016
The Secretariat of Communications and Transportation (SCT) in Mexico has announced plans to allocate MXN738.75 million for the expansion of the Mexico City Metro Line 9 by 1.4 km to the Observatory station.
September 19, 2016
The Secretariat of Communications and Transportation (SCT) has announced that it will provide resources required for the construction of two lines of the metro bus rapid transit (BRT) system.
September 16, 2016
Sistema de Transporte Colectivo (STC), the government body responsible for the Mexico City Metro, has awarded Construcciones y Auxiliar de Ferrocarriles (CAF) a USD184.37-million contract to supply 10 trains for Line 1 from June 2016 onwards.
September 13, 2016
The federal government of Mexico has significantly increased allocation in the budget for the Mexico-Toluca Intercity Train and Guadalajara light rail transit (LRT) Line 3 based on a recommendation by the Secretaría de Hacienda y Crédito Público (SHCP) to increase funding by 35 per cent and 151 per cent, respectively.
September 8, 2016
The Transport Ministry of Argentina has announced plans to invest around USD14 billion to rehabilitate seven commuter rail lines (Mitre, San Martin, Sarmiento, Roca, Belgrano Sur, Norte Belgrano and Urquiza).