| Project Detail |
The project will finance the purchase of 20 new high-speed trainsets by a new operator to launch commercial services in France as well as the construction of three maintenance depots. The trains will be operated on open access basis on the three corridors from Paris to Lyon, Lille and Strasbourg with an all stop and high-frequency offer agreed with the Infra Manager within a long term Track Access Framework Agreement.
Objectives
The project supports the liberalisation of passenger railway services and the expansion of the high-speed rail markets in France, thereby promoting a single rail market as well as modal shift from road and air to rail and sustainable transport in line with EU objectives. It also produces agglomeration economies, additional to the benefits accruing to transport users. The launch of new high speed services supports the development of competition in a sector with high barriers to entry. Electric rail transport is acknowledged to make a substantial contribution to climate change mitigation; the project is therefore expected to contribute to Climate Action and Environmental Sustainability (CA&ES) objectives, in particular to climate mitigation and pollution prevention. Some of the lines on which the trains will operate are located in transition regions.
Sector(s)
Transport - Transportation and storage
Proposed EIB finance (Approximate amount)
EUR 400 million
Total cost (Approximate amount)
EUR 1000 million |
