France: €10 billion for transport as part of new recovery plan
On Thursday, the French government has presented its new €100 billion recovery plan, which aims at restoring the 2019 level of GDP by 2022 to erase the health crisis’ impact. More than 10 billion euros have been allocated to transport, including €4,7 billion for the rail, €2 billion for greener cars, and €1,5 billion for the development of cleaner aircraft.
Green car incentives
To accelerate the conversion of the country’s fleet of cars, the government has allocated 1,9 billion euros, including 1,7 billion for purchase bonuses and conversion incentives. One hundred million euros will be dedicated to electric and hydrogen trucks, while the same amount will be invested to support modest households. Furthermore, the State’s own fleet of cars will get a green overhaul at the cost of 165 million euros.
After the 470 billion euros injected after the lockdown, France doubles down and launches a new recovery plan. Between 2020 and 2022, 100 billion euros will be invested to restore the 2019 levels of GDP and erase the destructive effects of the coronavirus health crisis. It includes 30 billion euros for the ecological transition, €7 billion for hydrogen, and more than 10 billion euros for transport.
Rail gets €4 billion
The French rail operator, SNCF, gets the biggest ‘cheque’ out of the 10 billion euros envelope dedicated to transport. The company will benefit from 4 billion, including 2,3 billion euros for the network’s modernization, €1,5 billion for glyphosate removal and bridges maintenance, €150 million for reprogramming freight sites, and €84 million for level crossings.
Freight has been allocated 200 million euros for the creation of ‘rail highways’. For their part, night train projects will receive 100 million for the renovation of 50 cars and the revival of the Paris-Nice and Paris-Trabes connections.
The entire infrastructure gets 900 million euros for the renovation of canals, installation of charging stations, and the creation of bus and carpool lanes on major axes. Maintenance gets a €100 million envelope while new projects included in the CPER will receive 250 million euros. Finally, the government announced an investment of €1,5 billion over three years for ‘green airplanes’.