France to help railway firm SNCF with several billion euros - Le Figaro

France to help railway firm SNCF with several billion euros - Le Figaro
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  • France

France will help state-owned railway company SNCF survive the coronavirus crisis by providing several billion euros, Transport Minister Jean-Baptiste Djebbari told daily Le Figaro on Thursday. The government would help the company through a capital hike or an additional debt buy-back, Djebbari also said.

"SNCF has no cash flow problem. However, the state will help it by several billion euros," Djebbari said. Djebbari also said the government would expect in return a "high level of economic, environmental and social performance" from SNCF.

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