Grand Paris Express Line 14 Inaugurated: 8 Years, €3.5B, and Major Connectivity Boost

June 24, 2024
Grand Paris Express Line 14 Inaugurated: 8 Years, €3.5B, and Major Connectivity Boost
  • The 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


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