Déchiffrer 2027

FREN

Transport, David Lisnard

Rail: Road and rail investment plan to open up isolated areas

Direction of change: increase, compared with current law.

The lever. Rail: investment in the network, small lines, opening to competition, main lines, rail freight (fares and season tickets for everyday journeys: the “Everyday transport” lever). Direction rule: ↑ more rail investment or services.

« un plan d’investissement dans les infrastructures routières et ferroviaires »1

Translation by the editorsan investment plan for road and rail infrastructure

Encoding

No cost-schedule parameter for this position: see the costing for the reason.

Costing

Announced by the candidate

not announced

The programme does not cost this measure.

Published costings

none

No external costing of this position recorded to date.

Our calculation

not costed

Investment plan with no amount: nothing to cost.

Current law, sources and limits of the cost schedule

Current law. Renewal and modernisation of the rail network amount to about €3bn a year, stable, financed by SNCF Réseau (own resources and contributions from SNCF Voyageurs), not by the State budget (Senate, opinion a25-143-2). The « Ambition France Transports » conference (9 July 2025) assesses the need at €1.5bn a year more; « à partir de 2028 » [“from 2028”] and the total effort of €4.5bn a year come from the press (Banque des territoires), to be financed in time by the future motorway concessions. The framework transport bill (tabled on 11 February 2026) was adopted in the Senate on 28 April 2026 and was in committee at the National Assembly in July 2026: it has not been finally passed. The resources of AFIT France planned in the PLF 2026 amount to €3.75bn.

Horizon. Public spending in full year 2032, compared with current policies under which the 2028 commitment is not written into an enacted law.

Limits. The lower bound of 0 corresponds to the case where the government commitment « dès 2028 » [“from 2028”] would be a current policy; it is not written into a law that has been voted, and the central value counts it as a cost, with the same rule for all candidates. Part of the effort is borne by SNCF Réseau (attributed revenue (fonds de concours), SNCF group profits), so not everything goes through the State budget. Major projects (LGV high-speed lines, metropolitan RER, freight with the Ulysse Fret plan of about €4.5bn) are costed at the announced amount. A total envelope with no duration is converted to an annual figure over the five-year term (five years), common rule of 18 October 2026 (see public investment).

How to read these amounts. These are static costs and revenues, with no feedback effect, over a full year: nothing on growth, employment or the revenue that economic activity would gain or lose. A higher net cost does not on its own make a worse policy, nor net savings a better one: each programme rests on an economic model (demand-led stimulus, lower compulsory levies, consolidation of the public accounts…) that the cost schedule does not settle. GDP itself measures a volume of activity, not well-being or the usefulness of what is produced. Economic models and feedback effects.

  1. Programme Nouvelle Énergie, « Réussir une nouvelle ambition française ». Read the programme page.

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