The Ile-de-France accounts for nearly 31% of France’s national GDP, almost as much as Switzerland’s gross domestic product. This is 3 times more than Greece, or Portugal’s GDP. This region has a population of 12 million people, close to the 14 million inhabitants of London and its suburbs. The production is on the same level as London and its periphery.
With the Brexit, Paris hopes to attract new investors, including those from the financial sector. And for that the Grand Paris project can help to seduce them.
The Grand Paris includes new metro lines connecting Roissy-CDG, Saint-Denis, La Défense, Versailles and Orly. From Orly to Villejuif to Saint-Lazare, then to Saint-Denis and Roissy-CDG. Finally, from Le Bourget to Clichy, Descartes, Villejuif, Issy, and La Défense. 200 km of tracks and 75 stations.
Also, the modernization of existing transport networks, including RERs. This will cost 32.4 billion euros.
The Olympic Games of 2024 will slow the progress of work for this project because part of the funds will go into the sports infrastructures.
This idea of the Grand Paris was born under Napoleon III who wanted to extend the capital from Saint-Germain-en-Laye as far as Marne-la-Vallée.
Currently the Grand Paris is divided into three parts:
– the small crown which makes 291 square miles.
– Paris Métropole which makes 983 square miles.
– And Urban Unit of Peers, with its 1051 square miles.