French govt buys fast trains for slow tracks to save historic Alstom plant

Author (Corporate)
Series Title
Series Details 04.10.16
Publication Date 04/10/2016
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France’s Socialist government announced on the 4 October 2016 orders for 15 high-speed trains, mostly for tracks on which they cannot run at their maximum speed, in a pre-election bid to preserve jobs at a historic Alstom plant in Belfort.

France24 reported that the rescue sparked considerable debate about the cost to taxpayers and the long-term viability of maintaining production at the historic Belfort factory, with some saying that the SNCF rail company does not need the trains being ordered.

Source Link Link to Main Source http://www.france24.com/en/20161004-france-buys-fast-trains-tgv-alstom-belfort-plant-industry
Related Links
Euro|Topics: Debates, October 2016: Paris attempts to rescue Alstom plant http://www.eurotopics.net/en/167250/paris-attempts-to-rescue-alstom-plant
Railway Gazette, 04.10.16: French government and Alstom agree Belfort rescue package http://www.railwaygazette.com/news/single-view/view/french-government-and-alstom-agree-belfort-rescue-package.html
The Local.fr, 04.10.16: French state orders 15 high-speed trains to save factory https://www.thelocal.fr/20161004/french-state-orders-15-high-speed-trains-to-save-factory
Politico, 13.10.16: French Alstom rescue raises hackles in Brussels http://www.politico.eu/article/french-alstom-rescue-raises-hackles-in-brussels/

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