The minister of Housing, Emmanuelle Cosse, presented by the Council of ministers for an order establishing January 1, 2018, the public institution Paris La Defense.
The public institution Paris La Defense is in the process of being created. A draft order in this sense comes in fact to be presented, may 3, in the Council of ministers. A text made under the act of February 28, 2017 relative to the Status of Paris and the metropolitan planning. The launch of this new body, on January 1, 2018, will put an end to the dichotomy of the two institutions in charge of the development and the management of La Défense (Epadesa and Defacto).
The Board of directors of this institution will be composed of a majority of the representatives of the departmental council of Hauts-de-Seine, to which shall be added representatives of other local authorities.
Investment Programme of at least 360 M€ over ten years
The two decrees will complement this order : the first will hold the governance of the school and the second will define its scope of intervention. In the six months following its creation, the Etablissement public Paris The Defence will adopt a multi-annual programme of investment to an amount greater than or equal to 360 million euros over ten years. “It shall in particular ensure the realization of the modernization and upgrading of the underground works of the slab to the central business district”, one can read in the report of the Council of ministers.