€100mn for the new subway line in Rennes

On 13 November, Caisse des Dépôts and Rennes Métropole signed a financing agreement concerning a €100mn loan on savings funds intended for the construction of the new line b of the subway in Rennes.

Property & housingTransport

Métro Rennes
The b line of the subway oin Rennes will be up and running in 2019. 110,000 passengers are expected per day over the 13.8km of track and 15 stations: it is one of the largest public works projects currently in France, representing an overall investment of €1.2bn. Granted under competitive conditions and over a very long term (25 years), the loan from Caisse des Dépôts completes an initial tranche of funding from the European Investment Bank (€300mn).

“The new b line will be a determining driver for social diversity on a city wide scale and, a few weeks away from COP21, it’s a wonderful illustration of the commitment to sustainable mobility”, highlighted Pierre-René Lemas, the Chief Executive Officer of Caisse des Dépôts.

Pierre- René Lemas participated in the placing of the first stone of a new extension of the premises of the automotive supplier factory Cooper Standard Inc. in Rennes, in the presence of Nathalie Appere, Deputy of Ille-et-Vilaine and Mayor of Rennes, Emmanuel Couet, President of Rennes Métropole, Jean-Luc Chenut, President of the Départemental Council of Ille-et-Vilaine and Sylvain Broux, CEO of Cooper Standard France.

The aim of this new 12,000m2 construction, representing an investment of €12mn (including €1mn in equity committed by Caisse des Dépôts), is to improve the competitiveness of Cooper Standard in a complex economic context all the while strengthening its local anchoring via modernising and specialising its industrial tool. It’s about maintaining the local industrial and economic business.

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