Bouygues CFO declares Reunion train project dead

PARIS, June 1 (BestGrowthStock) – The 1.5 billion euro “tram-train”
project to link the northern and western parts of the French
Indian ocean island of Reunion is no longer viable, Bouygues
(BOUY.PA: ) CFO Philippe Marien said Tuesday.

Speaking in a conference call with analysts, he said that
the new president of the region ran on a platform oppposing the
rail project.

“The idea of this president is to build a road, which is
good news, but unfortunately it will take five or six years
before we see new projects on the table,” he said.

Bouygues, a French telecom and construction company, was
looking to help build the tram-train in consortium with other
players.

He added that the project had not been added to the backlog
of Bouygues Construction.

Stock Market Advice
(Reporting Gilles Guillaume. Translated by Nina Sovich,
Editing by Leslie Gevirtz)

Bouygues CFO declares Reunion train project dead