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

  • New Hampshire plans for tomorrow’s communication
    August 21, 2017
    Someone once likened predicting the future to ‘nailing a jelly to the wall’. With ITS, C-ITS and V2X technology progressing at such a pace, predicting the future is more akin to trying to nail three jellies to the wall – but only having one nail. And yet with roadways having a lifetime measured in decades, that is exactly what highway engineers and traffic planners are expected to do. Fortunately, New Hampshire DoT (NHDoT) believes its technological advances may be able to provide a solution. The Central Ne
    Read More
  • Volvo and KPMG find buses are key to urban air quality
    September 13, 2016
    Buses can play a key role in the battle to improve air quality in towns and cities as David Crawford discovers. A city with a population of half a million would gain about US$12.3 million in annualised societal savings if all its buses ran on electricity instead of diesel. This is the conclusion of a wide-ranging analysis carried out by Swedish bus manufacturer Volvo Group and global business consultants KPMG.
    Read More
  • Wavetronix radar-based traffic sensor cuts costs
    May 30, 2013
    While initial cost of radar based detection may be higher than that traditional loops, lower maintenance costs more than balance the books. Following successful field tests, the US city of Greenville, North Carolina, has recently agreed a new policy of phasing in Wavetronix traffic sensor technology’s radar-based SmartSensor Matrix system across its signalised traffic intersections. City traffic engineer Rik DiCesare expects the incremental implementation to deliver benefits to both the city’s taxpayers an
    Read More
  • SkyTrain signals more work for Thales
    September 29, 2020
    Contract win extends manufacturer's SelTrac CBTC footprint in Vancouver’s mass transit system
    Read More

Highlighted Content