Ile-de-France regions sets out highway spending until 2020

The Isle de France region, essentially the Paris area and extensive surrounding countryside, will spend around €365 million on road infrastructure as part of a five-year transportation plan from this year up to 2020. The overall plan calls for an investment of of €7.3 billion, of which €2.9 billion will come from the central government and €4.4 billion from the Isle de France region. Around EUR €4.5 billion will be used to finance public transport, according to a report by Le Moniteur des Travaux Publics
February 6, 2015 Read time: 2 mins
The Isle de France region, essentially the Paris area and extensive surrounding countryside, will spend around €365 million on road infrastructure as part of a five-year transportation plan from this year up to 2020.

The overall plan calls for an investment of of €7.3 billion, of which €2.9 billion will come from the central government and €4.4 billion from the Isle de France region. Around EUR €4.5 billion will be used to finance public transport, according to a report by Le Moniteur des Travaux Publics et du Bâtiment.

3260 World Highways reported in December that the number of bicycle trips in Ile-de-France had doubled to 650,000 trips between 2004 and 2014. The report from the IAU, a local urbanisation think tank and policy adviser, noted that bicycles are used mainly for commuting to work and the average trip is 2km. In Paris, where bicycles were almost non-existent 15 years ago, they now make up 3% of trips in the city and 8% of work-home trips.

But half of trips of less than 2km are still made in cars, the IAU noted.

Isle de France is the wealthiest and most populated of the country’s 27 administrative regions. Around 12 million people live in Isle de France which in 2012 had a gross domestic product of €612 billion ($788 billion). If it were a country, it would rank as the eighteenth-largest economy in the world.
Finance & Funding

For more information on companies in this article

Related Content

  • Russia ploughs ahead with road expansion
    October 14, 2022
    Despite Western economic sanctions, Russia plans a record road building programme up to 2027, as Eugene Gerden reports
    Read More
  • Liebherr achieves record turnover in 2012
    April 10, 2013
    The Liebherr Group achieved its highest turnover in its history in 2012. Turnover climbed over than 9% to €9.1 billion, while the company invested a total of €840 million in its operations. The 2012 business year progressed well for the Liebherr Group. Although the reduced dynamism of the world economy had a noticeable effect on orders received in the final months of the year, this no longer influenced turnover significantly. The Group increased its total turnover in the past business year by more than €760
    Read More
  • Central Ring Road to become one of most important projects in modern history of road-building in Russia
    December 16, 2014
    Moscow’s new ring road will provide a major economic boost and tackle congestion - Eugene Gerdner writes The Russian Government has officially started building of the Central Ring Road (CRR), one of the largest infrastructural projects in the modern history of the country. Total volume of investments in the project is estimated at more than US$7.2 billion (300 billion RUB). Building of the road should be completed by the World Cup 2018 and will be carried out as part of the existing state program ‘The de
    Read More
  • CECE equipment manufacturer’s conference in Berlin looks ahead for construction market growth
    October 29, 2012
    The construction equipment market has been hit hard in Europe and further afield, with economic uncertainty slowing orders. But there is light on the horizon. A range of key industry speakers made presentations at the recent Committee for European Construction Equipment (CECE) congress in Berlin, outlining prospects for the next few years in Europe as well as around the world.
    Read More

Highlighted Content