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Article: French Watchdog Raps State Enterprises for Wasting Money
- Article from:
- Xinhua News Agency
- Article date:
- October 5, 1996
CopyrightCopyright 1996 Xinhua English Newswire. Provided by ProQuest LLC. (Hide copyright information)
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France's state financial watchdog, the Cour des Comptes, has
rapped the state enterprises of National Railway Company of France
(SNCF) and Electricity of France (EDF) of wasting money and poor
management in building a bullet train railway line and a major
nuclear center.
The Cour des Comptes said in an annual report submitted Monday to
President Jacques Chirac and the two chambers of parliament that the
actual passenger numbers for a new bulletin train line, TGV-Nord,
will only be a third of what the SNCF promised when asking the state
to finance the project.
The daily newspaper Le Monde said that the annual report of Cour