The Reseau Ferre de France (RFF) has just signed with Synerail (Vinci, SFR and Axa Private Equity) and TDF contract public-private partnership (PPP) for the construction and operation for 15 years of railway telecommunication network will be deployed progressively until 2015 on 14,000 km of track.
The amount of the contract - more than a billion euros - in fact the largest ever signed PPP in France. It is divided roughly equally between investment costs on the one hand, and the costs of operating and maintaining the other.
Project funding is provided through a contribution of equity shareholders of EUR 58 million, contributions to the RFF EUR 160 million and bank debt without recourse to the shareholders of 520 million euros. The European Investment Bank (EIB) has also committed to RFF and Synerail to lend 280 million euros as part of this PPP.
The network concerned is GSM-R (Global System for Mobile Communication - Railway). This digital network will replace the analogue radio communication system Sol Train (RST) which currently provides the communications with train drivers. It will help build a European network with a single communication system, harmonized and compatible (interoperable) between rail networks, replacing the 35 existing radio systems said RFF.
The work, totaling approximately 520 million euros will be made by a company owned 60% by Vinci Energies and will last 5 years.
The operation and maintenance of GSM-R will be entrusted to a dedicated subsidiary to 40% of Vinci Energies, and represent a total of 430 million euros.
Other major public-private partnership projects, including rail, should be finalized soon, especially the new high speed lines Tours-Bordeaux, Le Mans-Rennes circumvention of Nimes and Montpellier.
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