Grand Paris Express Line 14 Inaugurated: 8 Years, €3.5B, and Major Connectivity Boost
June 24, 2024The inauguration of the newly extended Line 14 of the Grand Paris Express project took place after eight years of work and a cost of 3.5 billion euros.
The extension added 14 kilometers to the south and 1.6 kilometers to the north.
Local officials in Saint-Denis Pleyel are enthusiastic about the new transportation option, with plans for new developments around the station.
The line will connect Saint-Denis with key destinations like the Bicêtre hospital and Orly airport, significantly improving travel times.
Despite President Macron's attendance at the inauguration, local officials felt overlooked, although the project was a collaborative effort involving various political figures.
Real estate agents have noted a limited decrease in prices in surrounding areas, around 5%, due to the current market crisis and lack of buyers.
Existing stations have seen a 12.1% decrease in apartment prices since January 2022, while the new stations have experienced a smaller 6.6% decrease.
Experts believe that once the new stations become fully operational and interest rates decrease, prices in these residential areas may start to rise again.
Further extensions and improvements are planned for the future to decongest Paris's networks and connect suburbs.
Summary based on 9 sources