Réseau Ferré de France is a top-tier (AAA) issuer on the financial markets.
Réseau Ferré de France needs to fund its investments but also manage its debt, considering that most of its resources come from usage charges for the national railway network.
A financial strategy in the public’s interest
As owner of the network, our company has set up an innovative funding structure allowing it to make all of its promised investments. Réseau Ferré de France provides full funding for the programmes to renew its installations. As regards development projects, they are given suitable financial backing in the aim of balancing the accounts and satisfying the public interest.
Therefore, before seeking any funding, each project undergoes a critical financial assessment.
Balancing costs without affecting clients or jeopardising the future of the market
Our company aims to balance its management and routine maintenance costs with its revenues, which mainly come from usage charges, without penalising carriers.
A challenge: how to manage debt
Réseau Ferré de France has to manage debt that in June 2007 totalled €28.3 bn. This debt arose from both its own investments and the €20.46 bn that it received from the SNCF (French National Railways) when it was first created.
We work to capitalise by using all of our innovative abilities and financial skill in order to offer a wide range of financial products and to set up reference loans.
Our company has set itself very long-term development goals. We hope to achieve these goals by means of a financial policy that aims to restructure our debt by extending its duration, refinancing and renegotiation.