2013-vinci-annual-report

26. Concession and PPP contracts of companies accounted
for under the equity method
26.1 Main features of concession and PPP contracts
The features of the main or new concession or public-private partnership contracts operated by companies accounted for under the equity
method are shown below:
Control and regulation
of prices by
concession grantor
Remuneration paid
by
Motorway and road infrastructure (including bridges and tunnels)
Grant or guarantee
from concession
grantor
Residual value
Concession end
date
Accounting model
A5 Malsch-Offenburg
A-Modell
(60 km to be renovated,
including 41.5 km to be
widened to 2x3 lanes)
(Germany)
Inflation-linked price
increases based on the
2009 toll level (excluding
increases decided by
grantor). Impact of
environmental
regulations on tariffs
(with traffic level risk)
Heavy vehicle users
through the tolls
levied by grantor
Nil
Infrastructure returned
to grantor at end of
concession for no
consideration
2039 Intangible asset
Hounslow
Rehabilitation and
maintenance of roadways,
traffic signs and lighting
(UK)
Fee paid by grantor
(with no traffic level
risk)
Grantor
Nil
Infrastructure returned
to grantor at end of
concession for no
consideration
2037 Financial asset
Isle of Wight
Rehabilitation and
maintenance of roadways,
traffic signs and lighting
(UK)
Annual fee paid by
grantor (with no traffic
level risk)
Grantor
Investment grant
Infrastructure returned
to grantor at end of
concession for no
consideration
2038 Financial asset
Granvia (R1 expressway)
(Slovakia)
Annual fee paid by
grantor (with no traffic
level risk)
Grantor
Nil
Infrastructure returned
to grantor at end of
concession for no
consideration
2041 Financial asset
Ohio River Bridges East
End Crossing
Bridge over the Ohio River
and access tunnel
(USA)
Annual fee paid by
grantor (with no traffic
level risk)
Grantor
Investment grant
Infrastructure returned
to grantor for no
consideration at the end
of the contract.
2051 Financial asset
Olympia Odos
Toll motorway connecting
Elefsina, Corinth, Patras
and Tsakona
(Greece)
Pricing law as defined in
the concession contract.
Price increases possible
subject to a price limit
(with traffic level risk)
Users
Investment grant
Infrastructure returned
to grantor for no
consideration at the end
of the contract.
2038
Bifurcated model:
intangible asset and
financial asset
Railway infrastructure
South Europe Atlantic
high-speed rail line
High-speed rail link
between Tours and
Bordeaux (303 km)
(France)
Stadium
Stade Bordeaux
Atlantique
(France)
Société Dunkerque
Aréna
(France)
Other
BAMEO
Dams on the River Meuse
in France
Inflation-linked price
increases (with traffic
level risk)
Rent paid by grantor
and ancillary
commercial revenue
Rent paid by grantor
and ancillary
commercial revenue
Rent paid by grantor
(with no traffic level
risk)
Pricing law defined in
the concession
contract (on the basis
of train kilometre and
slot kilometre)
Grantor, private
partners
Grantor, private
partners
Grantor
Investment grant paid
by concession grantor
and local authorities
Investment grant
Investment grant
Nil
Infrastructure returned
to grantor at end of
concession for no
consideration
Infrastructure returned
to grantor at end of
concession for no
consideration
Infrastructure returned
to grantor at end of
concession for no
consideration
Infrastructure returned
to grantor for no
consideration at the end
of the contract
2061
2045
2040
Bifurcated model:
intangible asset and
financial asset
Bifurcated model:
intangible asset and
financial asset
Bifurcated model:
intangible asset and
financial asset
2043 Financial asset
CONSOLIDATED FINANCIAL STATEMENTS 273