To take full advantage of its public investment, France must strengthen and develop its strategy to meet several challenges, including by promoting socioeconomic-efficiency considerations in the selection of investment projects, harmonising procedures extending over the lifecycle of investment projects between sectors and administrative levels, and concentrating investments of some sectors on the maintenance and quality of the capital stock. Moreover, as local governments are responsible for most ofpublic investment, continuing efforts to clearly allocate responsibilities across the different levels of government will be helpful to reap the benefits of economies of scale and scope. Public investment should also be geared towards fulfilling environmental, digital, and research and innovation objectives to meet France’s domestic and international commitments and secure stronger and more sustainable growth. Public investment choices will need to crowd-in private investment to meet these objectives and raise potential growth, including by developing a pipeline of ready-to-fmance projects and dynamically adjusting public support to energy and climate change policies.