May 14, 2019
Gare du Nord, which connects local, national and international lines, is Europe’s largest train station.
Willkie’s Paris office is advising Ceetrus in connection with the renovation of the Paris Gare du Nord train station, anticipated to be ready in advance of the 2024 Olympic Games. Gare du Nord, which connects local, national and international lines, is Europe’s largest train station, transporting 700,000 passengers per day.
Pursuant to a public tender procedure, Ceetrus was appointed to form a joint venture with SNCF Mobilités called Gare du Nord 2024, which was awarded a 46-year concession agreement for the renovation of the train station, including the design, financing and maintenance of the project, as well as the operation of the shops and services within the station. The initial investment amounts to €600 million.
This project is the first railway station concession project in France ever as well as one of the first times this semi-public joint venture, known as a semi-public mixed economy company (SEMOP), has been implemented for such a major project.
The Willkie team was led by partner Brice Pommiès, and included partner Thierry Laloum and associate Gabrielle Reddé for public law-related aspects, associate Mathilde Vannson and law clerk Charlène Jouët for the corporate law-related aspects, and associate Louis Renucci for finance law-related aspects.
