Reseau Ferre de France has signed the first contract for public-private partnership (PPP) with Synerail society, formed for this purpose by its shareholders, Vinci, Vodafone, AXA Private Equity (infrastructure fund) and TDF.
Bussereau, Secretary of State for Transport, and Hubert du Mesnil, President of Réseau Ferré de France, signed February 18, 2010, the first major partnership agreement of national scope. The latter involves the construction and operation for 15 years a network of railway telecommunication to be deployed progressively to 2015 on 14,000 km of track. The amount of one billion euros is divided roughly equally between investment costs on the one hand, and the costs of operating and maintaining the other. It is the largest PPP signed in France to date, and contributes to the recovery plan initiated by the Government.
addition to its shareholders, its funding is provided by a group of banks led by Credit Agricole, and consisting of BBVA, Bayern LB, Dexia, Intesa, KfW, Santander and Sumitomo. Caisse des Dépôts and the European Investment Bank will intervene to ensure the partial refinancing of operations.
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