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

  • Singapore upgrading MRT for better reliability
    May 9, 2012
    Singapore’s MRT system is being upgraded to become more reliable, said Transport Minister Lui Tuck Yew during the ground-breaking for the East-West MRT line's Tuas West Extension. According to Lui, the Land Transport Authority (LTA) will cover the cost of infrastructure works and the systems which will cost some US$719 million. The upgrade work will include the establishment of a more robust system by train operator SMRT.
    Read More
  • Consortium selected for Maryland LRT project
    March 3, 2016
    The Purple Line Transit Partner consortium, comprising Fluor Enterprises, Meridiam Infrastructure Purple Line and Star America Purple Line has been selected preferred team to design, build, finance, operate and maintain the Purple Line project for the Maryland Department of Transportation (MDOT) and the Maryland Transit Administration (MTA). Located in the Washington Metropolitan Region, the project includes 21 stations along a 16-mile alignment through Montgomery and Prince George’s counties. The U
    Read More
  • Bespoke counting on iconic bridge
    March 23, 2012
    UK company Traffic Technology Limited has revealed its involvement with a project that creates an important new link across the River Foyle in Londonderry, Northern Ireland, connecting the Waterside with the city side.
    Read More
  • ITS solutions to keep truck traffic moving
    June 8, 2015
    David Crawford reviews freight management initiatives. Managing truck traffic to minimise its environmental impacts, without adversely impacting on its critical economic role, continues to drive ITS-based solutions in both urban and interurban contexts.
    Read More

Highlighted Content