"The Grand Paris Express is irreversible", says the president of the SGP

The supervisory board of the SGP on Tuesday authorized the institution to issue in 2021 for a maximum amount of 10 billion euros of additional green bonds, in order to cover at the end of the year 80% of the financing necessary to build the 200 km of the supermetro around Paris.

"We will continue to implement this policy aimed at taking advantage of very low interest rates. At the end of 2020, financing conditions were excellent and liquidity on the markets even greater than expected in April," explained Mr. Dallard in an interview with La Tribune, Wednesday.

"Thanks to the implementation of this program, we will be in a position to cover the needs of the next five-year period 2022-2027 and thus protect the construction of the Grand Paris Express", added the leader.

"The Grand Paris Express is irreversible", and it cannot be disturbed by the result of the next elections, he said.

"If we do not proceed with this securing operation, it could impact the schedule, in the event of a sudden rise in rates, or reduction in liquidity," remarked Mr. Dallard.

"By 2022, we will have launched all the calls for tenders for civil engineering contracts, and the tunnel boring machines are not going back," he said, recalling that the sites took "from three to eight months late "because of the health crisis.