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France’s Economic Stimulus Plan Includes Spending €100 billion

September 3, 2020, 11.07 PM

Officials said the transport sector would get €11 billion with €4.7 billion targeting the rail network in particular, while energy-efficient building renovations would be spurred with €4 billion for public buildings and €2 billion for homes.

The hydrogen industry, increasingly seen as a key building block in the transition away from fossil fuels, would get €2 billion.

Another €1 billion euros would be offered in direct aid for industrial projects, including 600 million euros to help firms relocate plants abroad back to France.

Some €80 billion of the overall cost of the plan will weigh directly on the budget deficit, with EU subsidies offsetting €40 billion, officials said.

(Writer: Leigh Thomas | Editors: Marguerita Choy, John Stonestreet)


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