2013-vinci-annual-report

02
04
01 The East End Crossing
project, VINCI Concessions’ first
PPP in the United States,
involves construction of bridges
and a tunnel to link Kentucky to
the south of Indiana.
02. Operation of the PR1BINA
expressway to the east of
Bratislava in Slovakia is
governed by very strict
conditions in terms of safety,
traffic flow and driving comfort.
03 In Greece, works on the
Athens–Tsakona and Maliakos–
Kleidi motorways resumed
following completion of talks
with the concession-granting
authorities.
04 Construction of a bus rapid
transit system between Fort
de France and Le Lamentin in
Martinique.
CONCESSIONS / VINCI CONCESSIONS 61
03
operated by SMTPC, in which the Group
has a 33% stake.
United Kingdom. 2013 saw the start-up of
two 25-year private finance initiative (PFI)
projects won by VINCI Concessions the previous
year in alliance with financial partners.
Roadworks and maintenance are
entrusted to the Eurovia subsidiary,
Ringway. The first project, worth approximately
€800 million, concerns the London
Borough of Hounslow and covers the
upgrade, repair and maintenance of 432 km
of roads and 763 km of pavements, as well
as lighting, road signs and green spaces.
The contract came into force on 1 January
2013, triggering the start of major upgrading
work that should be completed in 2018.
Operations will be managed from a new
operational centre bringing together all the
personnel, whose role is to monitor upgrading
of the urban environment in close consultation
with local residents.
The second contract, worth approximately
€750 million, covers the renovation
and maintenance of the Isle of Wight road
network (821 km of roads and 767 km of
pavements).
These two new contracts join the Severn
River Crossings and the Newport Southern
Distributor Road, already operated by
VINCI Concessions since 1992 and 2002
respectively.
Germany. VINCI Concessions is the leading
operator of motorway concessions in
Germany through the three public-private
partnerships won since 2007 under the
A-Modell programme. On the A9 (a 46.5 km
section between the city of Lederhose in
Thuringia and the border with neighbouring
Bavaria), VINCI Concessions continued
with widening works on a 19 km section.
The first widened lanes came into service
at the beginning of 2014. On the A5 (60 km
section between Offenburg and Karlsruhe
in Baden Wurttemberg), major upgrading
and widening works continued on a 41.5 km
section with no interruption to traffic.
Discussions are being held with the concession-granting
authority concerning preservation
of the project’s financial equilibrium
following changes in a number of economic
parameters. The third PPP entrusted to
VINCI Concessions concerns the A4, where
operation and maintenance continued on a
45 km section between the cities of Gotha
and Eisenach in Thuringia. Major upgrading
work was completed in September 2010,
a year ahead of schedule.
The total amount invested in the three
sections comes to €800 million.
Netherlands. 2013 saw the opening and
commissioning of the new Coentunnel in
Amsterdam, built under a 30-year concession
contract by Coentunnel Company,
in which the Group has a 21% stake.
This 750 metre, five-lane immersed tunnel
doubles the capacity of the existing tunnel.
One of the major challenges of the project
was to preserve the existing tunnel while
building the new one less than 30 metres
away. Upgrading work on the original
tunnel began during the year and it should
be reopened in mid 2014. The contract
signed with the Dutch government also
includes widening access roads over 10 km
and maintenance of the infrastructure for
a period of 24 years.
Slovakia. Granvia, the concession company
owned by VINCI Concessions and Meridiam
Infrastructure, has been operating the 52 km