SNCF Plans to Invest €1bn to Step up Freight Operations

28 September 2009 (Last Updated September 28th, 2009 18:30)

The French National Railway (SNCF) is planning to invest €1bn by 2015 in its European rail freight business. The company plans to increase the number of goods trains and high-speed international services alongside adding new bigger shuttles and local connections to regions and ports.

The French National Railway (SNCF) is planning to invest €1bn by 2015 in its European rail freight business.

The company plans to increase the number of goods trains and high-speed international services alongside adding new bigger shuttles and local connections to regions and ports.

The plan has been unveiled by the company's loss-making goods transport division, as part of its sixth rescue plan in 12 years.

The plan comes a week after the French Government announced a €7bn investment programme to increase its rail freight business from the current 14% to 25% by 2022.