The Supervisory Board of the Société du Grand Paris adopted its budget for 2017 amounting to EUR 1.758 billion in expenditure, of which EUR 500 million will be devoted to the plan to modernize existing transport systems. To accompany the rise of the project, the Société du Grand Paris will use a loan for the first time.
In 2017, the realization of the Greater Paris Express continues. Reflecting this dynamic, the estimated budget of expenditure for the year to come, adopted by the Supervisory Board of the Société du Grand Paris, amounts to EUR 1.758 billion, compared to EUR 1.112 billion in 2016.
Regarding the investments (EUR 1056 million), expenditures are divided mainly between the preparatory work and the civil works infrastructure (EUR 456 million), the project management studies and assistance with project management of Infrastructure (EUR 194 million), land management (EUR 185 million) and concessionary agreements (EUR 89 million).
The envelope Intervention (EUR 508 million) includes mainly the contributions of the Société du Grand Paris to finance extensions of line 14 between Saint-Lazare and Mairie de Saint-Ouen, the RER E in the west of the Line 11, and the modernization of the RER network.
On the revenue side, in 2017, the Société du Grand Paris’s forecast resources totaled EUR 1,305 million, mainly due to allocated tax resources: EUR 66 million flat-rate tax on network undertakings, EUR 385 million in respect of the annual fee for office premises, commercial premises, storage and parking spaces (TSBCS) and EUR 117 million concerning the special equipment tax and, on the other hand, for the first time in 2017 of a loan amounting to EUR 699 million.
„Société du Grand Paris will use the loan after consuming working capital says Philippe Yvin, CEO of Société du Grand Paris. Le Grand Paris Express thus enters into its financing model, which combines borrowing and long-term repayments. „
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