Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBOM Partially Public Finance
# of Projects: 1
100% of the Results

Background informationProject Created: August 10, 2017

Project Name: SEA-HSR Tours-Bordeaux (High-Speed-Rail) line
Year in Operation: 2017
Sector: Transportation
Subsector: Rail
Status: In Operation
Type: New Facility
Description: This high speed rail line between the Gare de Tours and the Gare de Bordeaux St-Jean is 302 km long, with 38 km of connecting line to the conventional rail network. The line passes through 117 communities, includes about 400 civil engineering structures, 19 viaducts, and 7 cut-and-cover tunnels. It will reduce the rail journey time between Paris and Bordeaux to 2 hours and 5 minutes. Vinci is the concessionaire for the project, which runs for 50 years. When signed in 2011, the concession was the biggest PPP contract ever signed in France's rail sector. HSR service opened on the line on July 2, 2017, after a six year design and construction effort.
Delivery Method as described in the country where it's located: Concession
Is the project still active: Yes

Project Locations

Address: Gare de Tours
City: Tours
Country: France, French Republic

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): The concession company LISEA will receive traffic-related fees paid by users operating trains capable of travelling on the new HSR.
Checkbox Checked Environmental Clearance

Souces of Project Support (Monetary)

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From Public (Government) Sources to Producers

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Direct Cash Support: The concession financing also includes public subsidies by the French government, local communities, and the EU for a total amount of near 3B Euros, approximately 40% of the total financing of 7.8 B Euros.

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Credit Enhancements: Approximate numbers below: 9% of the financing comes from the EIB, of which 2/3rd is guaranteed by the French Govt.

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From Private Capital Markets Directly to Producers as Debt: Approximate numbers below: 8% is non-guaranteed bank debt. 14% of the financing is bank debt guaranteed by the French Government. Another 10% is provided by Caisse des Depots, and guaranteed by the French Railway Infrastructure Manager.

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From Producers as Equity: Approximately 10% of the 7.8B Euro financing will come from concession company shareholders as equity.

Project Delivery & Finance Method

Project Delivery:
Design Build Operate Maintain (Partially Public Finance). Public Sponsor contracts for initial design, construction, and for long term operations and maintenance with a single entity. At the end of the term, Public Sponsor regains control of the facility.
Is there an independant checking engineer? No
Project Finance Method: All or Partially By Public Sponsor

Procurement Approach

Project Component
Based Selection
Request for
Request for
for Bids
Design Build Operate and Maintain

Term for Key Components & Forms of Contract

Project Component
Combined Term: Initial Design, Construction, O&M Period
Don't Know

Project Value (If and As Known)

Date of Estimated Project Value: June 16, 2011
Project Value
Hard Cost
Hard & Soft Costs
Pre-Feasibility (Public Sponsor Expense)
> $50 Million US
> $10 Billion US
> $10 Billion US


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