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

  • January 3, 2023
    Ukraine transport gets EBRD money
    European Bank will fund infrastructure work following Russian invasion and bombing
    Read More
  • October 11, 2013
    Siemens constructing driverless subway in Riyadh
    A consortium of Siemens, US company Bechtel and local construction companies Almabani and Consolidated Contractors Company has been awarded a subway contract worth US$10 billion by the Riyadh High Commission for Urban Development (ArRiyadh Development Authority). Siemens, whose share of the deal is worth around US$2.1 billion, is supplying subway rolling stock, electrification systems and signalling technology for driverless operation, as well as system integration.
    Read More
  • March 27, 2012
    EIB to fund new tram lines in Nottingham with $157 million loan
    The European Investment Bank, the European Union’s long-term lending institution, has agreed to provide US$157 over 19 years to enable Nottingham City Council to expand the city’s light rail system with two new tram lines to the south and south west. The new lines will have services every seven minutes between 7am and 7pm and include 28 stops along 17.5kms of track. The project also includes 22 new low-floor trams for the line to link park and ride sites next to the M1 at Clifton and Toton Lane with the cit
    Read More
  • March 30, 2016
    Siemens to equip new metro line in Sofia
    Metropolitan EAD, the metro operator in Sofia, Bulgaria, has commissioned a consortium of Siemens and the Polish train manufacturer Newag to equip the new metro line 3 in the city, which will create an 18 kilometre east-west link that will serve 18 stations. The order, valued at around US$158 million (EUR140 million), comprises the delivery of 20 Inspiro type metro trains and the Trainguard MT automatic train protection system, using wireless CBTC technology (communications-based train control) to provid
    Read More

Highlighted Content