our financial strategy

In order to continue our daily work on modernising and extending the French railway infrastructure, Réseau Ferré de France has set itself the goal of raising the most suitable financial resources for the structure of its balance sheet and its projects.

Always attentive to the needs and requirements of the investors, liquidity, transparency and innovation are the key words that guide our strategy on the international equity markets.

With a long-term funding programme of €3 billion in 2008, Réseau Ferré de France will continue to:

give liquidity to its benchmark issues,
extend its credit curves on markets, namely the euro, sterling and Swiss franc markets
meet specific needs by offering tailor private investments.

2008 has been marked as a year of financial and contractual innovation. Public Private Partnerships will be developed, especially as part of the future granting of:

a partnership contract for the design, construction, launch, operation, maintenance and funding of the GSM-R telecommunications system,
a licence to build and operate the South Europe Atlantic High Speed Line.

You can therefore stand alongside Réseau Ferré de France, the State and other public co-funders, and take part in the competitiveness of the railway sector, a factor of sustainable development in France and across Europe.

P. Persuy
Deputy General Director of Finance and Purchasing