On 1 October, EIB Vice-President, Ambroise Fayolle, and the President of Société du Grand Paris, Thierry Dallard, signed a EUR 500 million finance contract for Line 15 South of the Grand Paris Express. The contract was signed at the site of the Arcueil-Cachan station located on the future Line 15 South of the new metro system.
“By financing Line 15 South, the EIB has opted to support a high-performance, sustainable and more accessible transport service. This new line will improve the mobility of Île-de-France residents while promoting the attractiveness and economic competitiveness of the region,” EIB Vice-President said.
This third financing tranche brings the EIB’s total commitment to the project to EUR 2.5 billion, which will meet Société du Grand Paris’s financing needs up to 2020, amounting to over EUR 8 billion.
In 2018, Société du Grand Paris planned to borrow EUR 2.4 billion, followed by over EUR 3 billion in 2019. The EIB support provides a solid financial base that will enable Société du Grand Paris to continue to develop the project whilst benefiting from particularly attractive financial terms thanks to the EIB’s AAA credit rating.
The 33 km line will connect Pont-de-Sèvres to Noisy-Champs in less than 40 minutes.