Investor Presentaiton
Appendix 3 - Distribution of investment financing
Type of investissement
Infrastructures excluding GPE
(Grand Paris Express)
Who finances?
State, regions, departments
Rolling stock for buses,
tramway, metro, RER, train
Olle-de-France Mobilités finances
100% of RS (Rolling stock) ordered
by operators with lle-de France
Mobilités' recommendation,
according to 2 modalities :
- Investment subsidies made to
operators
Operating contributions made to
cover operators' amortisation and
financial fees
Olle-de-France Mobilités reimburses
SGP (Société du Grand Paris) for
GPE's rolling stock
GPE Infrastructure (extensions
Société du Grand Paris
of lines14/15/16/17/18)
SNCF Réseau
Ownership
RATP GI (Infrastructure manager)
Rolling stock of RATP (ORTF law) :
Until RATP's market is opened to competition
- legal property: Ile-de-France Mobilités
- economic property: RATP
In 2024/2029/2039: Ile-de-France Mobilités full
ownership with NBV* takeover net of subventions
Rolling stock of SNCF : legal property of SNCF but
✔Railway reform Law provision (2014): An "AO" can
become owner of RS under the condition that payment
of NBV net of subventions is made to the SNCF under
the obligation to reallocate it to the SNCF for
operations
If the SNCF is no longer the operating entity: Ile-de-
France Mobilités has an option to take possession of
the material if it fully for a right to buy back at NBV* if
partially financed at the time of purchase (governance
agreement Ile-de-France Mobilités/SNCF)
Rolling stock of SGP
- legal property: Ile-de-France Mobilités
Société du Grand Paris
* NBV: Net Book Value
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Investor presentation 2022 Ile-de-France Mobilités - Appendix
îlede France
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