EU funding for French metro line

French investment firm Caisse des dépôts is to provide US$107 million of financing for the construction of line B of the Rennes metro. The European Investment Bank has already provided a loan of US$321 million for the project, which will contribute to the construction of a second metro line by 2019, linking the La Courrouze eco-district to the ViaSilva eco-suburb, along with the purchase of rolling stock, a new maintenance and sidings centre and three park-and-ride facilities. The construction of the
November 16, 2015 Read time: 1 min
French investment firm Caisse des dépôts is to provide US$107 million of financing for the construction of line B of the Rennes metro.

The European Investment Bank has already provided a loan of US$321 million for the project, which will contribute to the construction of a second metro line by 2019, linking the La Courrouze eco-district to the ViaSilva eco-suburb, along with the purchase of rolling stock, a new maintenance and sidings centre and three park-and-ride facilities.

The construction of the second metro line is currently one of the largest public works projects in France, involving a total investment of US$1.3 billion. Covering a distance of 13.8 km, it will serve 15 stations with expected passenger traffic of nearly 110 000 journeys a day.

Related Content

  • Strabag awarded Polish road construction contracts
    February 1, 2016
    Construction group Strabag, via its Polish subsidiaries, has been awarded two contracts totalling US$117 million by Poland’s General Directorate for National Roads and Highways (GDDKiA). As part of the overall works on the S17, Strabag will design and build a 15.2 km long section from the Lubelska junction near Warsaw to Kołbiel, including four junctions, while the second contract comprises the design and construction of an 8.7 km long bypass road near Kołbiel. The S17, which forms part of the E372, w
    Read More
  • Moveble barriers improve workzone safety, reduce costs
    January 25, 2012
    Two phases of an arterial reconstruction project in Salt Lake City have provided a compelling cost-based argument for moveable barriers.
    Read More
  • Siemens to automate railway network in Algiers metropolitan area
    December 23, 2015
    Siemens is to supply the signalling, safety and control systems for the 140 km long-distance rail network in the Algiers metropolitan area. The order will be carried out by Estel RA, a joint venture of state-run Algerian Railways SNTF (Société Nationale des Transports Ferroviaires) and Siemens.
    Read More
  • UK bus operator to deliver contactless bus travel by end of 2018
    October 25, 2016
    UK bus operator Stagecoach is to deliver contactless bus travel on all of its regional bus services across the UK by the end of 2018, allowing passengers to pay for travel with a contactless credit or debit card, as well as Apple Pay and Android Pay. It will be the first major deployment of contactless technology on Britain's buses outside London and will benefit customers from major urban areas to rural and island communities such as Norfolk in England, Orkney in Scotland and Brecon in Wales. Stageco
    Read More

Highlighted Content