PLAN RAIL REGION BRETAGNE (EIB-20240891)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • France
Geographic location where the impacts of the investment may be experienced.
Specific Location
Rennes and Quimper, Brittany
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of France - Region Bretagne
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 424.21 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 375
Converted using 2025-05-05 exchange rate.
Loan Amount (USD)
$ 424.21 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 375 million
Converted using 2025-05-05 exchange rate.
Project Cost (USD)
$ 848.42 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 750 million
Converted using 2025-05-05 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS May 11, 2025

Disclosed by Bank May 5, 2025


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated on the project disclosure page (translated with DeepL.com), the project will finance the modernization of the existing electric and dual-mode rolling stock used for rail services in Brittany, the associated infrastructure works linked to the extension of the Rennes and Quimper depots, the modernization of the Rennes junction and the associated regional rail lines. The plan also includes the acquisition and mid-life overhaul of five used dual-mode trains.

The modernized rolling stock and associated infrastructure should improve the quality and supply of passenger rail services in the Brittany region, promoting more efficient, energy-saving operation, while reducing maintenance costs and increasing passenger comfort levels. The project will also focus on the long-term revitalization of lines of local and regional interest, by strengthening the network and improving service to more isolated areas. The project will also promote sustainable transport by encouraging a modal shift from road, thereby helping to reduce CO2 emissions and pollution levels within and between regional urban agglomerations. The project's impact on modal share should also help to improve user safety. The modernized rolling stock will be operated in a so-called transition region, as defined by EU cohesion policy (Brittany).

Translated with DeepL.com (free version)

Original version from the EIB's project disclosure:

Le projet financera la modernisation du matériel roulant électrique et bimode existant utilisé pour les services ferroviaires en Bretagne, les travaux d'infrastructure associés liés à l'extension des dépôts de Rennes et de Quimper, la modernisation de la jonction de Rennes ainsi que les lignes ferroviaires régionales associées.
Le plan comprend également l'acquisition et la révision à mi-vie de cinq trains bimodes d'occasion.

Le matériel roulant modernisé et les infrastructures associées devraient améliorer la qualité et augmenter l'offre de services ferroviaires de passagers dans la région de Bretagne, en favorisant une exploitation plus efficace, économe en énergie, tout en réduisant les coûts de maintenance et en augmentant le niveau de confort pour les passagers. Le projet se concentrera également sur la revitalisation pérenne de lignes d'intérêt local et régional en renforçant le maillage et en améliorant la desserte de territoires plus enclavés.
Le projet favorisera également le transport durable en encourageant le transfert modal de la route et en contribuant ainsi à la réduction des émissions de CO2 et des niveaux de pollution à l'intérieur des agglomérations urbaines régionales et entre celles-ci. L'impact du projet sur la part modale devrait également contribuer à améliorer la sécurité des usagers. Le matériel roulant modernisé sera opéré dans une région dite de transition, au sens de la politique de cohésion de l'UE (Bretagne).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

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