Macron Considers Cuts to $34 Billion Infrastructure Plan
- French officials have warned spending cuts may be needed
- President aims to build credibility by meeting deficit target
Macron Seeks to Liberalize French Labor Market
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Emmanuel Macron’s government is considering trimming its infrastructure-investment program as the president fights to reduce French public spending, according to an official document seen by Bloomberg.
France is due to spend about 30 billion euros ($34 billion) through 2025 on projects such as the Lyon-Turin rail tunnel and the Seine Nord Europe canal, which would allow barge traffic from Belgium to reach Paris, as well as extensions to the French highway network. Those plans could be delayed or scaled back, the document showed, though the express train linking Charles-de-Gaulle airport with the center of the French capital is outside the portfolio of projects up for review.