On Thu, 16 Apr 2020, 12:05 Jenny Raggett, <jdraggett@hotmail.co.uk> wrote:
Hi all
I just wondered whether any of you had data on the cost of trams. I’ve got some figures for the Nice tram route 2 and even managed to find (in French) where the money came from to build it (see below).
But has anyone got anything similar for systems in this country or other cities abroad? I getting interested what our £27 billion roads budget would build in the way of trams/light rail, this augmented by developer funding.
I see for example that the developer contributions in the way of cumulative CIL for a single 5000 home garden village near Reading (Grazeley) is over 700 million which is quite a lot. There is money about but it goes on motorway junctions and new link roads..
Anyway info on costs very much appreciated.
Many thanks
Jenny
Here is the info I have found for Nice:
Line 2, Nice (this is the tram which goes all the way out to St Augustin (was quite a rough area but now lots of new appartments and development along the new tram route in fact) and then to the airport. It’s a great new area and includes landscape pedestrian areas, tree planting, cycleways etc.
Translated into English (roughly) from the link above in French
Contracting Authority: Nice-Cote-D’Asur City Region
Total cost 721.7 million Euros (in 2013)
of which:
57.49 million came from a national fund for Investing in the Future
50 million came from the Department – Alpes-Maritimes
50 from the City of Nice
39.2 million came from the Region
6.54 million from Europe
Then 500 million was borrowed.
· 250 million from the Banque des territoires
· 250 million from the Banque européenne d’investissement : 250M€
· The economic benefit and the benefit to society of the route chosen was 4% and on that basis a good return was expected on the borrowed money at 2%
The Banque des territoires seems to be specifically for lendingmoney for big public projects. From wiki…’mobilise 20 milliards d’euros par an pour financer les projets des collectivités et des acteurs du logement social. Elle dispose de 35 implantations locales, afin de bénéficier d’une plus grande proximité avec ses clients’.
The Banque européenne d’investissement is the lending arm of the EU.
So, such a very different financial model from here
Best wishes
Jenny
(french below)
Maîtrise d’ouvrage : Métropole Nice Côte d’Azur
Partenaires financiers : Etat (MEEDDAT), Région Provence-Alpes-Côte d’Azur, CD 06, Europe (FEDER), Société Aéroportuaire Nice Côte d’Azur, Ville de Nice.
Projet financé avec le soutien du Programme d’investissements d’avenir.
Un financement partagé :
Coût total du projet : 721,7M€ HT (valeur 2013)
Financement par subventions : 203,23M€
· Etat – Banque des Territoires au titre du programme d’investissements d’avenir : 57,49M€
· Conseil départemental des Alpes-Maritimes : 50M€
· Ville de Nice : 50M€
· Région Sud : 39.2M€
· Europe (FEDER) : 6.54M€
Financement par la SACA : 12,6M€
La société aéroportuaire prend en charge les frais pour le domaine aéroport.
Financement par l’emprunt : 500M€
· Banque européenne d’investissement : 250M€
· Banque des territoires : 250M€
Selon le calcul de la BEI et avec les options prises, le projet de la ligne 2 aura une rentabilité économique et sociale de 4%. La Métropole emprunte à 2% aujourd’hui pour un investissement qui va rapporter 4%.
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Cost of tram systems
