The key facts

  • The Louvre renovation is estimated at €1 billion ($1.16 billion), with 75% covered by ticket revenue — Christophe Leribout, France Inter
  • The UAE will provide €300 million, with another €360 million planned to be raised from private donors
  • The project is called

Financing the large-scale renovation

Ticket revenue will cover 75% of the Louvre's €1 billion ($1.16 billion) renovation plan. Louvre President and Director Christophe Leribout announced this on Friday on the radio station France Inter. The project is called

Additional sources of funding

According to Leribout, the project will also receive €300 million ($348 million) in funding from the United Arab Emirates. In addition, the museum will need to raise €360 million from private donors.

Assessment by the museum's head

This is huge. In France, we have never faced a challenge of this scale,