2013-vinci-annual-report

94 CONTRACTING / EUROVIA
01
The year’s significant contracts included
the comprehensive restructuring of one of
the main arteries leading into the city of
Szczecin, the construction of two sections of
the Katowice–Gliwice expressway and the
4.4 km extension of the S19 expressway.
In other Central European markets
( Lithuania, Romania and Croatia), revenue
increased 7% to €0.1 billion. In Lithuania,
where Eurovia had won a contract to comprehensively
refurbish 25 km of rail line
between Palemonas and Gaiziunai in 2012,
it was awarded a €57 million contract for an
IN FLORIDA, HUBBARD
CONTINUED
CONSTRUCTION
OF 21 KM OF EXPRESS
LANES.
18.5 km section between the city of Kaunas
and the Polish border. Eurovia’s Lithuanian
and Czech teams are working jointly on
these two projects. In Romania, revenue fell
31.9% due to completion of a contract to
build a wind farm.
Americas
Canada
After more than doubling in 2012 as a result
of acquisitions, Eurovia Canada’s revenue
declined 8.9% in 2013 to €0.5 billion.
In Quebec, the unsettled political environment
had an adverse impact on business
volume. Subsidiary DJL took part in the
Ville-Marie motorway and the Champlain
and Jacques Cartier bridge renovation projects
in Montreal, as well as in the Vallée
des Forts motorway extension project,
which will complete the motorway link
between Montreal and Boston.
In Alberta, the new contracts won by subsidiary
Carmacks during the year, including
a major motorway project (H63), offset the
decline in activity in the tar sands mining
sites due to the discontinuation of several
investment projects by oil groups.
In British Columbia, business activity
increased substantially. In markets driven
by a buoyant economy, subsidiary BA
Blacktop made the most of its design and
build capabilities on projects such as the
Combo operation, which involves the construction
of road infrastructure and three
bridges across a railway corridor leading to
the Port of Vancouver.
United States
With locations in Florida and North
Carolina, Eurovia subsidiaries generated
revenue of €0.3 billion, a 3.8% increase, and
confirmed the recovery of their profit
margins in markets that remain subject to
strong competition. In Florida, Hubbard