Thursday, August 25, 2016

The government is considering a tax to finance the CDG Express – Le Figaro

Levied on airline tickets, it could allow the construction of the future rail link which will connect the Gare de l’Est in Paris Charles de Gaulle from 2023.

the government “dream” to create in 2017 a tax on all air tickets leaving or arriving at Paris-Roissy airport to fund construction of the future rail link CDG Express, according to Les Echos . “The track financing affected by a tax is still being studied,” says does one side of the Secretary of State for Transport. ” “The proponents plan to finance this investment by creating a tax on air passengers in 2017, six years before the commissioning,” says the National Federation of the aviation market. The hypothesis of this tax was launched “a few years ago” when preliminary studies had shown that the ticket price set at 24 euros was not enough to guarantee its financing.

This tax should be a little more than 1 euro per ticket is expected to bring 35 to 40 million, according to a source close to the case cited by the newspaper. The cost of building the future line that would connect from the 2023 East Station at Roissy-Charles de Gaulle in twenty minutes, with a departure every quarter of an hour, is valued at 1.4 billion EUR 280 million which will be added to the rolling stock. This infrastructure is considered essential for the international reputation of Paris but the government does not wish to finance through public aid to avoid being accused of abandoning the suburban lines.

The aim of the creation of the tax would be, according to Les Echos , to convince banks to the viability of the project and possibly a third partner to join Network SNCF and Paris Airport. This would reassure the potential investors to the CDG Express project will be operational on time and that its commissioning coincides with the possible organization of the Olympic Games 2024 in Paris.

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