Economy of Paris 27.5 million euro, due to the weak European economy. The SNCF ("Société nationale des chemins de fer français", or "French National Railway Company") is France's national railway company which manages the rail traffic in France and the Principality of Monaco. It operates about 14,000 trains daily. It operates all of France's rail services, including the TGV, France's high-speed rail network. It owns 70 percent of the Thalys high-speed train to Belgium and the Netherlands, and 55 percent of the Eurostar from Paris to London. The SNCF is owned by the France state. In 2014 it had revenues of 36.138 million
SNCF stronger 25,000 hp (18,600 kW) engine, and broke the world speed record for conventional railway trains, reaching . The SNCF has a remarkable safety record. After nearly 30 years in operation, SNCF’s TGV system has only experienced one fatal accident, during trials rather than regular operations. In 2011 SNCF in partnership with Keolis, unsuccessfully bid for the InterCity West Coast franchise. In April 2017 SNCF took a 30% shareholding in a joint venture with Stagecoach Group and Virgin Group to bid for the West Coast Partnership that will operate services on the West Coast Main Line from May 2019 and