The 45-year public-private partnership contract to build, operate and
maintain the line was awarded last December to the Tram-Tiss
consortium, which comprises Bouygues, Colas, Bombardier, operator
Veolia, and financial partners including Axa and Société Générale.
maintain the line was awarded last December to the Tram-Tiss
consortium, which comprises Bouygues, Colas, Bombardier, operator
Veolia, and financial partners including Axa and Société Générale.
Tram-Tiss has warned the Réunion government that the contract is
legally-binding and the consortium could therefore seek compensation if
the project is abandoned.
legally-binding and the consortium could therefore seek compensation if
the project is abandoned.
Had it gone ahead, the tram-train would have been the first PPP project
to be guaranteed by the French state. Construction was due to start
this year with the first section opening in 2013.
to be guaranteed by the French state. Construction was due to start
this year with the first section opening in 2013.
