VINCI - 2005 annual report

In the United
Kingdom and
Germany, PFI
and PPP contracts
won by the Group
are generating
signifi cant and
recurring facilities
management
activity.
Last but not least, VINCI Construction Grands Projets was awarded the
€27 million civil engineering contract for the conventional thermal power
station in Ca Mau, Vietnam, a 720 MW unit that will supply the southern part
of the country. This follows a fi rst contract to consolidate nine hectares of soil
using the exclusive Menard Vacuum process developed by Freyssinet subsidiary
Ménard Soltraitement.
Services
CONSTRUCTION / ACTIVITY
As public contracting authorities, private investors
and users increasingly turn to PPPs and outsourcing
to cover all aspects of their infrastructure and property projects, the Group’s
strategy of developing upstream and downstream added value is proving
highly effective.
In building, projects that include property structuring are accounting for
an increasing share of the business activity of Sogea Construction and GTM
Construction in France. Major projects now under way include the Visitation
shopping centre in Rennes in western France, the new Carglass headquarters
in Courbevoie in the Paris region and the Lyon-République project in eastern
France. On the export market, VINCI Construction Grands Projets has put its
turnkey project structuring expertise to good use in major projects now under
way in Eastern Europe (Raduga in Russia, Feeria in Rumania and Palac Tesnov
in the Czech Republic). In Belgium and in Luxembourg, CFE’s strong position
in property development and management is generating activity and margins
for the construction subsidiaries in a buoyant housing construction market.
In the United Kingdom and in Germany, PFI and PPP contracts won by
the Group are generating signifi cant and recurring facilities management
activity. In France, the multi-technical and multi-service maintenance activity
is gathering pace, more particularly under the Manei brand, a subsidiary
of Sogea Construction. In 2005, Manei broadened its scope to include lift
maintenance work.
Continuing its diversifi cation into environmental services, VINCI Construction
is operating 24 water treatment plants in France with a combined populationequivalent
capacity of 1.25 million. In 2005 there was a strong increase in
waste treatment and recycling activity as the cities of Chambéry in southeastern
France, Montpellier in southern France and Saint Lô in northwestern France
opted for the innovative processes employed by VINCI Environnement
(see opposite).
VINCI Networks, which specialises in rollout and operation of broadband
telecommunications networks, demonstrated similar momentum. New public
service outsourcing contracts were awarded by the Communautés Urbaine metropolitan
areas of Arras in northern France and Le Creusot-Montceau
and greater Chalon in eastern France.
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