Financial Times FT.com

$2bn boost for Franco-German projects

By Tom Braithwaite in Paris and George Parker in Brussels

Published: April 24 2006 22:03 | Last updated: April 24 2006 22:03

French president Jacques Chirac will on Tuesday seek to shore up his political legacy with the reinvigoration of Franco-German industrial policy spearheaded by the launch of a €1.7bn ($2.1bn, £1.2bn) series of innovative grand projets – including the creation of a multimedia search engine to rival Google.

Other projects include Neoval, an advanced light train; Biohub, the production of plastics from starch; Homes, the generation of electricity in households; and TV MSL, high-quality television broadcast over mobile phones.

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