Hi Sylvain, local interconnect is polysilicon and forms the gate for cmos transistors. To increase transistor placement density, they also use the poly to wire up transistors (instead of going from poly to contact to metal1 and beyond - once you change from poly to metal 1, you incur a large area hit due to area overage for contact/via). High resistance is relative to metal, but because capacitance is typically low, you can manage the speed hit of the RC time constant. Hope this helps.