Work begins for the Grand Paris Express “project of the century in IDF” – Le Figaro

The site provides up to 2030 to double the current metro network, with approximately 200 km of new lines.

the first work of the Grand Paris Express, the future automated metro network ring road around Paris, starting this May. The chief executive of the company of the Grand Paris has announced the beginning of “project of the century in the Ile-de-France.” The Grand Paris Express plans in 2030 to double the current metro network, with approximately 200 km of new lines (No. 15, 16, 17 and 18) around Paris for 2 million passengers daily, and 68 new stations to build, with the help of an architectural firm of thirty.

“this May is the beginning of the project of the century in the Ile-de-France,” said Philippe Yvin , CEO of the Société du Grand Paris (SGP), at a press conference. Work began on the south line 15 (Pont-de Sèvres- Noisy-Champs) by Station Fort D’Issy / Vanves / Clamart (southwest of Paris), designed by architect Philippe Gazeau. The projects then will “bind” in September with the drilling of the first tunnel drilled between Noisy-Champs and Bry-Villiers-Champigny.

The launch of the work will be marked by a major public event (parade, circus, dance, concert, go taste, etc.) on June 4 in Clamart, beginning a series of cultural events and art that will accompany all sites.

Mr Yvin the Grand Paris Express will “save a lot of time to the Parisians,” and will have “a significant impact on employment with” 15,000 needed jobs “each year for the sites, and an estimate of more than 115,000 jobs created in term through growth generated by these new infrastructures.

The Grand Paris Express should generate according him a “rate of return” socioeconomic 7.5%, with a minimum profit estimate of “60 billion” (time saving, productivity strengthened companies, attractiveness, etc.), said Jean-Claude Prager, Director of economic Affairs of the GSP.

In all, the Grand Paris Express represents an investment of € 24.7 billion budget, plus 3.4 billion euros of financing for the modernization and adaptation of existing network, for a total of 28.1 billion euros.

These investments will be financed mainly by underwriting loans from 2017 (for a period of 40 years after the latest service) , including a financing agreement with the Caisse des depots et consignations 4 billion and a loan from the European investment Bank for € 1 billion.

The Grand Paris Express also has three tax revenues, tax offices and commercial surfaces (350 million annually), the special tax of “Grand Paris” equipment (117 million euros) and tax on rolling stock (over 500 million).