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Politics of France

The Senate of France approves a bill to reform the SNCF railway company. The French state writes off EUR35 billion of SNCF's EUR47 billion debt, but remains the sole owner of the joint-stock company with two subsidiaries: operator SNCF Mobility and infrastructure manager SNCF Network.

THE French Senate approved the government’s bill on the reform of French National Railways (SNCF) in its second reading on June 14, less than 24 hours after the finalised proposal was endorsed by an overwhelming majority in the National Assembly. The...

  1. International Railway Journal (Image)
  2. Reuters

Changes:

  1. The Senate of France approves a bill to reform the SNCF. The French state writes off EUR35 billion of SNCF's EUR47 billion debt, but remains the sole owner of the joint-stock company with two subsidiaries: operator SNCF Mobility and infrastructure manager SNCF Network.
  2. The Senate of France approves a bill to reform the SNCF railway company. The French state writes off EUR35 billion of SNCF's EUR47 billion debt, but remains the sole owner of the joint-stock company with two subsidiaries: operator SNCF Mobility and infrastructure manager SNCF Network.

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