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January 20, 2011

Euros 600 million boost for Ile de France train plan

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THE EUROPEAN Investment Bank (EIB) today signed a Euros 600 million deal in Paris with Ile de France Transport Authority (STIF) to finance a major renewal and refurbishment of the region's train fleet.


The funds will be used to part-finance the fleet of 172 Bombardier Z50000 Transilien emus (pictured), the first of which are now entering service, together with the acquisition of 24 Bombardier AGC trains and the refurbishment of double-deck emus on Paris RER lines C and D.

eib-ile-de-france.jpgFinance for the Euros 2 billion programme is being split equally between STIF and French National Railways (SNCF). STIF says the aim is to increase capacity while significantly improving reliability, speed, and passenger comfort.

"When the regional government took control of public transport in Ile de France in 2006 we faced the legacy of 30 years of underinvestment in both infrastructure and trains," says the president of Ile de France regional council Mr Jean-Paul Huchon. "One of the first steps STIF took was a commitment to upgrade the network and ensure that by 2016, all the regional trains will have been built or refurbished less than 10 years before. Today's announcement shows they will achieve this."

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