Skip to main content

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

  • June 19, 2012
    Kapsch TrafficCom wins $355 million nationwide ETC system in Belarus
    Kapsch TrafficCom has won an order, valued at just over US$355.5 million, for the implementation and operation of a nationwide electronic toll collection system in the Republic of Belarus. The agreement signed by Erwin Toplak, COO of Kapsch TrafficCom, and Ivan I. Shcherbo, Minister for Transportation and Communication of the Republic of Belarus, extends over a total road network of 2,743km and is for both the implementation of a dedicated short-range communication-based system as well as its operation over
  • June 29, 2017
    EU proposes to spend €2.7 billion for 152 transport projects
    The European Commission is proposing to invest US$3 billion (€2.7 billion) in 152 key transport projects that support competitive, clean and connected mobility in Europe.
  • December 19, 2014
    EU investment fund ‘important for transport’
    The new EU Commissioner for Transport, Violeta Bulc, said that the US$392 billion investment fund unveiled by President Juncker last week will have big significance for the transport sector. In a speech today to the Committee on Transport and Tourism at the European Parliament, Ms Bulc said that the new European Fund for Strategic Investment set up with the European Investment Bank (EIB) offers new opportunities to finance transport needs, particularly in urban mobility. “Investment needs in urban mob
  • December 11, 2012
    Thales to supply communications systems for Hyderabad Metro Rail
    Thales India has been appointed by engineering and construction company Larsen & Toubro to provide Communications Based Train Control (CBTC) and Integrated Communications and Supervision (ICS) systems for the Hyderabad Metro rail project, to be implemented on rail lines 1, 2 and 3, covering 72 km of rail and comprising of 66 stations. Thales will design, build, deliver and manage the installation of its SelTrac Communications-Based Train Control solution, which is already in use by more than thirty of the w