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A new RATP-STIF contract for 2012-2015

The new 2012-2015 four-year contract with STIF, entered into in 2012, is more demanding in terms of production, regularity and service level.

 


RATP_Contrat STIFThe 2008-2011 contractual mechanisms have been maintained, and contractual provisions for investments have been added. RATP provides a transport service defined by STIF in terms of volume and quality, which is remunerated by passenger revenues and subsidies. The business risk (production volume and cost, investments) is borne by RATP and the selling price risk is borne by STIF, which sets
the fares. The commercial risk is shared.

Key innovation :
The investment plan, up almost 20% compared with the previous plan, is contractualised. It will be financed with no increase in RATP’s debt, which by the end of the contract will be at the same level as end 2011 (i.e. just over €5 billion).

RATP_Contrat STIFUnder the contract, STIF will make a total contribution of almost €8 billion over four years (€7.4 billion under the previous contract), including €3.7 billion for operating expenses and €3.7 billion for capital expenditure. Any changes made to the transport services provided during the contract will, like the previous contract, be adjusted from a remuneration point of view by contractual amendments. STIF has undertaken to provide rolling stock subsidies (50% for replacement and 100% for new development) totalling €993 million over four years (compared with €280 million for the previous contract). RATP has undertaken to share its productivity gains with STIF in an amount of 0.5 point or €17 million a year, which will accumulate each year to total €170 million over the four-year contract term. Productivity gains retained by RATP (0.5 point) will enable it to deliver improved results and cash flow.

The new four-year contract with STIF is the first to fall within the new frameworkset out in the Organisation et la Régulation des Transports Ferroviaires (ORTF) law of 8 December 2009. The ORTF law, which implements the European regulation on public service obligations, gives RATP ongoing responsibility on a non-competitive basis for repairing, maintaining and replacing the metro and RER network infrastructure (tracks, tunnels, bridges, signalling and stations) which it owns.
The remuneration paid by STIF to RATP under the contract includes a specific amount in respect of these infrastructure management activities. The rolling stock has belonged to STIF since 1 January 2010.