Caroline Connan

"Macron... promised 5 billion euros to improve schools, housing, and of course security. Economists say only 400 millions have been received so far, and more is needed for roads." There is a €4.6 billion backlog of state-backed funding earmarked specifically for physical infrastructure, public housing, and road development in Marseille. Large, established French civil engineering and construction conglomerates are the most logical candidates to win and execute these massive government contracts over the coming years. LONG major French infrastructure and construction ADRs (Vinci and Bouygues) as they are prime beneficiaries of this localized, multi-billion-euro public works stimulus. Bureaucratic gridlock delaying the release of the remaining funds, or a shift in national political power that results in the cancellation of Macron's investment plan.