Category: Europe Finance

EMT Madrid announces budget for 2023, Spain

Empresa Municipal de Transportes de Madrid (EMT Madrid) has announced plans to allocate a budget of EUR855 million for 2023, which is a 15 per cent increase from the 2022 budget.  In 2023, EMT Madrid... This content is available...

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EBRD grants loan for Istanbul Metro Line M12, Turkey

The European Bank for Reconstruction and Development (EBRD) and the Mayor of Istanbul have signed an agreement for a EUR75 million loan to finance the construction of Istanbul Metro Line M12 (Goztepe–... This content is...

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DSD AS acquires Keolis Norge, Norway

Det Stavangerske Dampskibsselskap AS (DSD AS) has acquired Keolis Norge, the public transport operator in Norway. The company will take over the operation of 138 buses and 28 trams in Bergen. DSD AS a... This content is...

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McGill’s Buses acquires First Scotland East

McGill’s Buses has acquired First Bus’s First Scotland East, which operates services in Stirling, Falkirk, and West Lothian. The company will be renamed as McGill’s Midland Bluebird and McGill’s Easte... This content is...

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TfL secures government funding till 2024, UK

The Government of the UK and Transport for London (TfL) have agreed on a financing settlement till March 31, 2024. The financing includes GBP1.2 billion of base funding and a revenue support mechanism... This content is...

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Abellio UK announces management buyout from NS, UK

Abellio UK has announced a management buyout (MBO) from Nederlandse Spoorwegen (NS), its state-owned Netherlands-based parent company, to create a new UK-based operator company called Transport UK Gro... This content is...

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