Risks, floods targeted in French budget
The French environment ministry budget will be virtually frozen at €773.14m in 2004, the finance ministry announced yesterday. The budget will help finance more industrial site inspections following implementation of a new law on industrial risks, the environment ministry said. Spending on flood protection will also go up. Noise reduction is another priority, with a noise action plan to be announced shortly. Meanwhile, petrol tax will go up three cents a litre, with the estimated €800m revenue earmarked to bale out the railways. See environment and finance ministry press releases.