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24 July 2019
Deals | France | Projects (Finance & Infrastructure)
On 18 July 2019, at the end of a competitive bidding process that began in 2017, the French state and Hello Paris signed a concession contract regarding the operation of the CDG Express airport rail infrastructure.
CDG Express will connect Gare de l’Est in central Paris with Terminal 2 at Paris Charles de Gaulle airport, covering the 32 kilometre route non-stop. Trains will run every 15 minutes in each direction, from 5 a.m. to midnight, every day of the year.
Travel time is expected to be approximately 20 minutes. Service is expected to begin at the end of 2025.
The shareholders of Hello Paris are Keolis and RATP Développement.
The public service contract was entered into for 15 years from the time the service becomes operational. It covers the financing and building of the rolling stock (provided by Alstom), as well as the technical and commercial operation of the transport service.
Previously, on 11 February 2019, the French government had signed a concession contract with Société Gestionnaire d’Infrastructure CDG Express (shareholders: SNCF Réseau, Aéroports de Paris and Caisse des dépôts et consignations) to finance, build and operate the project's railway infrastructure.
The French government was advised by Gide, whose team has been advising on this operation since 2015. The team was led by Thomas Courtel, working with Alexandre Rennesson on public law aspects, Laetitia Lemercier on financing aspects, and Emmanuel Reille on competition law aspects.
HELLO PARIS and its shareholders were advised by Dentons.
Keolis and RATP Développement were also advised by Bredin Prat.
Lenders to HELLO PARIS were advised by Willkie Farr & Gallagher.
