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France

Government plans to invest €100 billion in rail transport up to 2040

French Prime Minister Elisabeth Borne announced that the French government plans to invest around €100 billion in rail transport up to 2040. The sum corresponds to the demand estimated by French state railway SNCF and is not to be financed solely by the government. Local authorities as well as operators are to participate in the investments. The government is to present a detailed plan for the investments by June 2023.