2013-vinci-annual-report

01 QDVC, the joint subsidiary of Qatari
Diar and VINCI Construction Grands
Projets, is building an underground car
park and landscaped gardens in front
of the Sheraton hotel in Doha, Qatar.
02 VINCI Construction Terrassement
is working to restore the marine
environment of Mont Saint Michel, on
the west coast of France.
03 Breakthrough of the second tube of
the Saverne tunnel on the East European
HSL project.
108 CONTRACTING / VINCI CONSTRUCTION
01
extreme conditions that underline Spiecapag’s
expertise. Two new contracts were signed:
a gas pipeline in France for GRT Gaz (63 km
between the Marne and Aube départements,
including a micro-tunnel under the
River Seine) and a 142 km pipeline in
Bolivia for Total.
Entrepose Projets. Business was similarly
positive in the market for liquefied natural
gas storage tanks, where the bulk of the
company’s work is in collaboration with
VINCI Construction Grands Projets.
In Australia, the two partners began work
on the major Wheatstone project to construct
twin pairs of 150,000 cu. metre and
120,000 cu. metre tanks and at the end of
the year they won a comparable contract in
Russia for the construction of four tanks in
the South Tambey field in northern Siberia’s
Yamal peninsula. In France, Entrepose
Projets continued building the three
190,000 cu. metre tanks for the Dunkirk
liquefied natural gas terminal.
Geostock. The subsidiary specialising in
underground liquid and gas storage, in which
Entrepose Contracting acquired a 90% stake
in 2012, was chosen to build a 2 million cu.
metre liquefied petroleum gas storage facility
at Ningbo, in China..
Entrepose Contracting was active in
around 20 different countries – predominantly
in Europe, Africa and the Middle
East – in a range of projects concerned with
the construction, renovation and maintenance
of oil and gas infrastructure.
Management and
execution of complex
projects
For the three companies in the Major
Projects Division, the year’s biggest undertaking
was the South Europe Atlantic
Tours–Bordeaux high-speed rail line,
where work is currently under way along
the entire length of the 302 km new line,
as well as on the 38 km of connecting
track. As of the end of 2013, the earthworks
phase, which involves moving
68 million cu. metres of spoil and topsoil,
was more than 80% completed, and 321 of
the nearly 500 bridges and tunnels had
been completed.
VINCI Construction Grands Projets, present
in 26 countries via some 40 complex infrastructure
and construction projects, saw its
revenue grow very strongly. It rose 66.8% to
€1 billion, following strong growth posted
in 2012. The order book tells the same story,
with orders worth €1.3 billion placed
during the year, taking the total value of the
order book to €2.2 billion.
The new business won during the course
of 2013 is an excellent illustration of VINCI’s
policy of seeking to develop outside Europe.
Highlights were: in Russia, the Yamal LNG
tanks and the future stadium for Dynamo
Moscow (27,000 seating capacity, 12,000-
seat multi-purpose indoor venue, 30,000 sq.
metre shopping centre); in Qatar, the Doha
metro (13.8 km twin-bore line between the
city and the airport); in Panama, the
Atlantic Bridge spanning the canal
(1,050 metre long cable-stayed bridge with
a central span of 530 metres and vertical
clearance above the canal of 75 metres to
ensure passage of the largest container carriers;
in the United States, tunnels and
bridge comprising the East End Crossing in
Indiana, a PPP project headed by VINCI
Concessions (see p. 60); in Malaysia, a
65,000 sq. metre office tower at Kota
Kinabalu, in Borneo; and in Jamaica, a new
phase of the work to modernise the island’s
water supply network. In France, in the
nuclear sector as part of the Iter project, a
joint venture headed by VINCI Construction
Grands Projets won the contract to build
the Tokamak building and nine ancillary
buildings on the Cadarache site. The company
will also be building a 5.4 km offshore
viaduct on Reunion Island as part of the
new coastal highway project.
Turning to other activities in 2013 aside
from the SEA HSL, key achievements
included the Lee Tunnel stormwater collector
in London; in Benelux, the Liefkenshoek
rail link to Antwerp Port and the Coentunnel
in Amsterdam, both handed over during
2013; in Ukraine, the confinement shelter for
the Chernobyl sarcophagus; in Sweden, the
Hallandsås rail tunnels; in Turkmenistan,
the government building at Ashgabat;