2013-vinci-annual-report

03
02
04
01 In the United Kingdom, Ringway is
in charge of renovating and maintaining
the Isle of Wight’s road network
under a PPP contract.
02 Widening a 19 km section of the
A9 motorway connecting Berlin and
Munich, Germany.
03 Demolition of a former EDF thermal
power plant in Loire sur Rhône, France.
04 In the Blanka tunnel, in Prague,
Czech Republic, low-temperature
asphalt mix was employed in order to
reduce CO₂ emissions during production
and laying.
CONTRACTING / EUROVIA 93
also won in Wolverhampton (Vine Island
redevelopment), Loughborough (city centre
transport network), Peterborough (redevelopment
of city streets) and Devon (repair of
a canal and construction of a bypass around
the city of Crediton).
Spain
The business volume contraction, 13% to
€0.1 billion, was smaller than in previous
years. Subsidiary Probisa, which underwent
an in-depth restructuring at the beginning
of the economic recession in Spain, now concentrates
on a large number of multi-year
road network maintenance contracts such
as the one awarded by the province of Jaén
in Andalusia in 2013. The slight upturn in
order intake during the year could be a harbinger
of a recovery.
Czech Republic and Slovakia
Eurovia’s activity level contracted again in
2013, down 15.9% to €0.5 billion, albeit to a
lesser degree than in 2012. The order
intake trend would seem to point to an
improvement in these markets, which may
have bottomed out in 2013. The restructuring
carried out in previous years should
give the company a good starting point
from which to move into the expected
market upturn.
The year’s projects included ongoing construction,
in a consortium with VINCI
Construction, of a 9.5 km section of the D1
motorway in Slovakia near Levoča. In the
Czech Republic, business was brisk in the
rail works market, driven by major infrastructure
upgrade requirements. Eurovia,
which has long operated in this market, won
a contract worth nearly €60 million in a consortium
with SMP CZ (VINCI Construction)
to build and renovate the public transport
network in Bratislava, which includes
reconstruction of a 465 metre bridge over
the Danube.
Poland
Eurovia Polska undertook an in-depth reorganisation
of its business activities in 2013
as the market turned down in the wake of
public spending cuts and difficulties experienced
by the sector’s companies in collecting
payment for their works. Against
this backdrop, Eurovia Polska is refocusing
on its traditional geographical markets in
the south and west of the country and on
medium-sized projects carried out for local
and regional authorities.