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| Rhône local authority and RhônExpress launch Leslys worksite Michel Mercier, senator and president of the Rhône General Council, and Yves Périllat, chairman of RhônExpress, officially launched the Leslys express rail link in Lyons. The project, won by Vinci Concessions at the end of 2006, will give Lyons a 25 minute light rail service between Part Dieu railway station and Saint Exupéry airport over a 22 km route with connections to the Greater Lyons public transport network (metro and TGV stations). The concession contract is for 30 years. The contract, which represents a total investment in the order of €110 million, calls for the construction of 7 km of railway between Meyzieu and Saint Exupéry airport; the other 15 km were built by Sytral and are currently used by LEA, the urban light rail system. The financing is made up of €17.7 million equity contributed by the shareholders, a €31.5 million initial subsidy paid by the local authority and €62 million of bank debt without recourse against the shareholders. The Rhône local authority will also pay an annual flat-rate subsidy of €3.5 million for the purpose of debt repayment. The concession operator will bear all operation and maintenance costs, as well as the traffic risk. The first trains will run on 1 August 2010. write your comments about the article :: © 2008 Construction News :: home page |