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

  • October 21, 2016
    Siemens to electrify metro line in Ecuador
    Siemens has been commissioned by the Acciona-Odebrecht construction consortium to electrify the entire Metro Line 1 in the Ecuador capital, Quito. Line 1 is intended to improve daily commuting in the city, since it will provide direct routes from north and south of the city into the downtown area and historical city centre. The line is scheduled to begin passenger service in summer 2019. The city's first metro line will run over 20 kilometres through the city and operate at an elevation of more than 2,80
    Read More
  • December 18, 2013
    EU triples funding for rail innovation
    The European Commission has adopted Shift2Rail, a new public-private partnership to invest around US$1.3 billion in research and innovation to get more passengers and freight onto Europe's railways. Rail is amongst the most efficient and climate-friendly forms of transport, but currently it only carries about only 10 per cent of European cargo and 6 per cent of passengers each year. Shift2Rail is an ambitious public-private partnership which will manage a seven-year work programme of targeted research an
    Read More
  • December 10, 2012
    TEN-T funds modernise French rail line
    A section of French rail network from Mulhouse to Chalampé on the German border has been inaugurated to passenger traffic as part of a European Union supported project. The TEN-T funded project involves a 17.5 km section of French single-track rail infrastructure; the modernised section, supported by US$903,000 of EU funds, will allow faster connections to and from Mülheim in Germany. The project contributes to the TEN-T Priority Project 24 Lyon/Genova-Basel-Duisburg-Rotterdam/Antwerp railway axis, an esse
    Read More
  • October 31, 2016
    Axis aids incident detection on French viaduct
    France’s first AID system has halved attendance time on the Calix Viaduct. TheCentre for Traffic Engineering and Management (CIGT) at Caen in northern France manages 367km of the national network in the Manche/Calvados district including the 1.2km long, 15-span Calix Viaduct across the Canal de Caen à la Mer.
    Read More

Highlighted Content