The public-private partnership contract for the Nimes and Montpellier railway bypass, a high-speed line handling both freight and passenger trains, was signed by Réseau Ferré de France (RFF) and OC'VIA

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The public-private partnership contract for the Nimes and Montpellier railway bypass, a high-speed line handling both freight and passenger trains, was signed by Réseau Ferré de France (RFF) and OC'VIA.

During the construction phase, no less than 11 commercial banks (Bayer LB, BBVA, BTMU, DZ, KFW, HSBC, MIZUHO, NATIXIS, SMBC, SOCIETE GENERALE, UNICREDIT) will be putting up nearly €1 billion to enable OC'VIA to fund the project.

80% of total long term debt, has been underwritten for €521 million by the Caisse des Dépôts and €307 million by the EIB.

Several public authorities signed the funding agreements for this project on 25 April 2012:
- European Union and French State: 52 %
- Local/regional authorities: 28%, comprising
o Languedoc Roussillon Regional Council: 20%,
o Montpellier municipal authorities: 4%,
o Gard General Council: 2%
o Nimes municipal authorities: 2%
- RFF: 20%
List of the country updates

Country updates

  • June 20, 2012

    The administration is tendering a consultancy contract to advise them on the selection of the best proposal

  • June 18, 2012

    Tender launched for legal, financial and technical consultants to prepare a PPP project

  • June 09, 2012

    The consortium formed by Fayat-Picth Promotion-Dalkia has signed the PPP project

  • June 05, 2012

    The project has been canceled

    The project has been canceled. The Ministry said it attributed Vinci’s failure to raise sufficient debt to pay for the project as the reason for the cancellation

  • May 31, 2012

    The goverment is going to abandon the project for political reasons

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