Opening the market for private railway operators in France
06.03.2024
Kevin Speed Company has announced its ambitious plan to modernize the French railway system, this is reported by the railway transport news portal Railway Supply.
In collaboration with the national operator SNCF Reseau, they plan to make significant changes to high-speed routes between Paris, Lille, Strasbourg, and Lyon.
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The investment in this project is estimated at a staggering €1 billion.
A key element of this ambitious plan is the purchase of 20 advanced high-speed trains from Alstom.
These new trains will reach speeds of up to 300 km/h while reducing CO2 emissions by 30% compared to existing trains.
The first prototypes are planned to be ready by 2026, with commercial operation starting in 2028.
One of the key points in this agreement is the opening of the market to private operators, marking the first step in this direction since the deal between SNCF and the French government in 2023.
Moreover, this provides an opportunity for private companies to contribute to the development of the country’s railway infrastructure.
It is expected that the new trains will not only improve passenger mobility but also make travel more accessible through optimized routes and dense seat arrangements, which will help reduce ticket costs.
Additionally, Kevin Speed plans to build three depots to service the trains, creating additional job opportunities.
To finance this ambitious project, Kevin Speed relies on state support within the French industrial development program.
This will not only support innovation in transportation but also contribute to job creation and ensure sustainable development in the country.
Thus, the partnership between Kevin Speed and SNCF Reseau marks a new era in the French railway system, bringing innovation, improving passenger conditions, and promoting infrastructure development in the country.
Photo: Kevin Speed/Alstom
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