France inaugurated two new high-speed rail lines on Saturday linking the capital to the western cities of Bordeaux and Rennes in what is likely to be the last launches of their kind for years as public cash becomes increasingly scarce, according to Reuters. The state-owned SNCF railway operator expects 35,000 passengers to use the new route to Bordeaux daily and 30,000 to use the line to Rennes. Nearly eight billion euros ($9.1 billion) were invested in the stretch to Bordeaux while 3.4 billion euros went into the Rennes line, both under public-private partnerships, SNCF said. While local politicians often fight hard to bring high-speed lines to their regions to boost jobs and activity, such projects have fallen out of favour with the central government due to the costs. A 60-kilometre (37-mile) high-speed stretch is due to open at the end of the year in the south of France, but after that nothing major is in the works, with the government preferring to support instead high-use commuter lines. With nearly 45 billion euros in debt, the SNCF capacity to finance major new projects is also now severely constrained by a rule taking effect this year limiting how much new debt it can take on as a function of its operating margin.
