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French PM Elisabeth Borne announces 2nd bicycle fund worth 250 mn euros

French Prime Minister Elisabeth Borne announced a second bicycle fund of 250 million euros ($250 million) for 2023.


IANS  |  Paris 

Elisabeth Borne, France Prime Minister
Elisabeth Borne (File photo: Reuters)

French Prime Minister Elisabeth Borne announced a second bicycle fund of 250 million euros ($250 million) for 2023.

After launching the first bicycle fund four years ago when she was minister of transport, Borne said that the idea is to provide the means to transform into "a bicycle nation", Xinhua news agency reported.

In 2021, the bicycle was the best-selling means of transport in .

In the past four years, 14,000 km of cycle paths were added in France, and more than 170,000 young French people learned how to ride a bike. The Olympic and Paralympic Games in the country in 2024 will confirm the importance of the bicycle in France, Borne said.

In 2018, the first bicycle plan was set up, with a budget of 350 million euros for 2018-2025. During the outbreak of the Covid-19 pandemic, an additional 150 million euros were added from the recovery plan.



(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, September 21 2022. 07:33 IST