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

  • Flexible, demand-based parking charges ease parking problems
    April 10, 2012
    Innovative parking initiatives on the US Pacific Coast. David Crawford reviews. Californian cities are leading the way in trialling new solutions to their endemic parking problems. According to Donald Shoup, a professor of urban planning at the University of California in Los Angeles, drivers looking for available spots can cause up to 74% of traffic congestion in downtown areas. One solution is variable, demand-responsive pricing of parking.
    Read More
  • Georgia approves regional transit authority for metro Atlanta
    April 17, 2018
    The US state of Georgia is to establish a regional transit governance and funding framework for metro Atlanta. A new entity, called the Atlanta-region Transit Link Authority (ATL), will be created and charged with regional transit planning for 13 counties in metro Atlanta. By 2023, the region’s transit systems, including MARTA, CobbLinc, Gwinnett County Transit and GRTA’s Xpress service, will operate under the ATL brand name. More than 60% of commuters in the region travel to a different county to work, a
    Read More
  • Creative finance enables parking progress in LA
    March 15, 2016
    David Crawford investigates an innovative public/private partnership. Los Angeles entered the second decade of the 21st century facing major challenges to its parking operations. With a population of 3.8 million, and its car-oriented culture still predominant, the city's parking meters were technically outdated - with most only accepting coins and many regularly out of service - resulting in a substantial loss of revenue. This coincided with a number of Californian cities looking to parking income to boost
    Read More
  • Ukraine, Poland ‘boast the most modernised infrastructure in eastern Europe’
    November 13, 2012
    Preparations for hosting the major sporting event, the Euro 2012 European football championship, enabled Ukraine and Poland to give their infrastructure the biggest facelift in the region and beyond. While three-quarters of Poland's expenditure was covered by EU funds, Ukraine financed the building of roads, hotels, and airports itself. Ukraine, however, did receive a EUR 2.2 billion loan from the European Bank for Reconstruction and Development (EBRD). "The infrastructure sector will definitely remain one
    Read More

Highlighted Content