The financing of the extended Bordeaux-Toulouse LGV completed
After long procrastination, the financing of the LGV Bordeaux-Toulouse is finally completed, indicated the prefecture of Occitanie this Saturday. “The 24 communities have validated the entire financing plan”the prefecture told AFP.
According to the Nouvelle-Aquitaine region, this financing plan, very competent by elected environmentalists and a dozen environmental associations opposed to the project, must now be sent to the Council of State on February 22, before an examination by the Council of Ministers in March.
The cost of the LGV project amounts to 14.3 billion euros, of which 40% will be supported by the State, 40% by local authorities in Occitania and New Aquitaine and 20% by the European Union. If the communities of Occitania had quickly agreed to raise 2.2 billion euros in net contributions, those of New Aquitaine were slow to collect all of the 1.7 billion euros requested.
At the beginning of February, the region had released an additional contribution of 225.6 million euros to compensate for the refusals of the Basque Country urban community and the departments of Lot-et-Garonne and Gironde to participate in the project, while the Pyrénées-Atlantiques and the agglomeration of Dax have committed a lower participation than expected.
The second phase of the Grand Sud-Ouest project (GPSO) provides for a extension of the LGV line from the south of the Gironde to Dax, in the Landes. Wednesday, February 16, the agglomeration of Dax had been the last to decide, two months after a first refusal, to co-finance the project.