Greater Montauban will have to make a contribution of 37.7 million euros to the financing of the LGV Bordeaux-Toulouse. This is how the agglomeration community of Greater Montauban will go about it.
The high-speed line (LGV) between Bordeaux and Toulouse is well and truly on track. But a decisive stage must still be applied, that of its financing by the local authorities. The project is valued at 10.3 billion euros.
The line’s financing plan provides for 20% of its amount to be paid by Europe and 40% by the State. The remaining 40%, or 4.1 billion euros, will have to be financed by local authorities through a local public institution created for the occasion.
Among local communities, the urban community Grand Montauban, in the Tarn-et-Garonne, contributes 37.7 million euros. A financing plan was presented to the community council on Monday, January 17.
The LGV will cost 37.7 million euros in Grand Montauban
“It would thus be up to Greater Montauban to commit 37.7 million euros in investments, fortunately spread over a long period”, indicates the community in a press release “This sum will be carried by the Public Industrial and Commercial Establishment (EPIC) designated Company of the great south-west project which would carry the debt over 40 years, i.e. an annual charge of 660,000 euros for Grand Montauban. This is a significant sum, but justified given the challenges for our territory.
Moreover, given that the Infrastructure Orientation Council recommends the phasing of projects, starting with operations to improve daily travel, the community is working on the equipment related to the project. This is the Montech motorway interchange on the A62 and the end of the boulevard Urbain de Montauban which will allow the future Bressols LGV station to be integrated into its environment.
“For our territory, the LGV is a new lease of life with the end of the railway isolation, significant economic prospects and enhanced attractiveness”, touched the mayor of Montauban and the president of Greater Montauban, Brigitte Barège, in the same statement.