2013-vinci-annual-report

Outlook
the owner and granting authority, putting
the concession contract on a more sustainable
footing, and the other with the French
Rugby Federation, which provides for
hosting of a minimum of 20 matches up to
June 2017.
MMArena, Le Mans. Through its subsidiary Le
Mans Stadium (LMS), VINCI Concessions has
been operating the MMArena, a 25,000-seat
stadium built by Group companies, since
2011. After the loss of the resident club,
Le Mans FC, which went into receivership,
LMS is making strenuous efforts to diversify
its activities and income. Over full-year 2013,
MMArena hosted some 50 high-profile, nonprofit
organisation and corporate events.
Other public amenities
Automation of dams, France
BBAMEO, a subsidiary in which VINCI
Concessions and Shema (EDF Group) hold
interests, signed a partnership contract
with VNF, the French navigable rivers and
waterways authority, in October 2013 to
replace manually operated dams on the
04
Aisne and Meuse rivers as part of the programme
to modernise French river infrastructure.
The 30-year contract covers
design, financing and construction and
subsequently operation, light and heavy
maintenance and renewal of 29 automated
dams and the associated equipment. It also
includes deconstruction of the existing
dams and upgrading and operation of two
already automated structures. The contract
provides for micro-hydro plants to be
installed on three of these dams.
The works will be carried out by a consortium
of companies led by VINCI
Construction France. Operation and maintenance
of the dams, which will be brought
into service gradually between 2016 and
2020, will be awarded to a special purpose
vehicle, a subsidiary of VINCI Concessions
and Shema.
03
2014 will be, first and foremost, a
year of intense programme management
activity. VINCI Concessions will
make best use of its expertise in this
field to successfully complete
around 20 projects currently in
construction phase and covering all
types of infrastructure: airports,
roads, rail, river equipment, sports
facilities and public transport. These
projects, which represent an annual
volume of works of around €3 billion,
are at the heart of the Group’s
integrated model and contribute to
the activity of all its business lines.
In its role as concession company
and operator, one of VINCI
Concessions’ priorities will be to
pursue the development of VINCI
Airports, whose business quadrupled
with the acquisition of the
Portuguese airports in 2013.
The new, enlarged scope will benefit
from dynamic growth in the air
transport market. At the same time,
the integration of new skills and
synergies between the different
areas of expertise within VINCI
Airports will foster the extension of a
proactive operating policy, particularly
in terms of new routes, traffic
and the services available in air
terminals. Along the same lines,
VINCI Concessions’ other divisions
will continue to hone their marketing
policies by developing innovative
services and accentuating synergies
between the solutions on offer and
optimisation of networked operation
in each of its activities.
In the field of parking, opening up
VINCI Park’s share capital to new
investors is envisaged with the aim
of enabling the company to pursue
its expansion, particularly outside
France. In its role as developer of
new concessions, VINCI Concessions
will apply the Group’s strategy of
pursuing internationalisation,
notably by tackling new markets in
North and South America and in
Asia, in partnership with regional
players, where applicable. The
business line may look at making
acquisitions, particularly in the
airport sector, to speed up its entry
into new markets.
CONCESSIONS / VINCI CONCESSIONS 69