VINCI - 2005 annual report

CONSTRUCTION CONCESSIONS CONSTRUCTION CONCESSIONS CONSTRUCTION / OUTLOOK
/ PERSPECTIVES
Integrate ASF and take full
advantage of the growing PPP
segment in Europe
The fi rst synergies
will be seen
in 2006 when the
VINCI Concessions
and ASF business
development
teams are brought
together.
48
VINCI 2005 ANNUAL REPORT
The emphasis
in 2006 will be on integrating ASF
within VINCI’s concessions division.
The acquisition was the core component of the industrial project presented
to the French government. It will give VINCI Concessions the capacity to establish
itself more fi rmly as one of the leading partners to French and other
public authorities, both for the design and fi nancing of new infrastructure,
and for its long-term operation.
The fi rst synergies will be seen in 2006 when the two companies’ business
development teams are brought together. Working in conjunction with
the Group’s construction businesses, they will focus on Europe, where the
public-private partnership market continues to grow.
In France, the Group’s concession companies – including ASF, Escota, Cofi route
and VINCI Park – will coordinate their efforts to increase the number of innovative
customer service initiatives and improve their overall performance.
In accordance with that objective, VINCI Park will, in cooperation with
Cofi route, accept payment by Liber-t badge at 250 of its car parks in 2006.
Similarly, the fi rst secure parks for heavy goods vehicles, which ASF and VINCI
Concessions have been studying jointly since mid-2004, should become
operational in 2006.
With regard to existing concession contracts, one of the highlights for ASF
in 2006 will be the incorporation within its consolidation scope of the
Lyons-Balbigny section of the A89. For Cofi route, the investment programme
in new sections and the A86 Ouest will continue at a slightly higher level than
in 2005 and teams will be formed to prepare for the opening of the A86 Ouest,
a key event in 2007. Arcour will complete the administrative and archaeological
phase of the A19 and start the fi rst works on it at the end of 2006.
SCA (Société Concessionnaire des Aéroports du Cambodge) will continue
the modernisation of Siem Reap airport near the Angkor site and should,
under the terms of an amendment to the contract, extend its fi eld of operation
to the third international airport in Cambodia. More generally in the airport
sector, VINCI Concessions will target its growth on France by taking full
advantage of the experience acquired at Chambéry and Grenoble, as well as the
customer references obtained outside France and in airport services.
In the car park sector, VINCI Park will seek growth opportunities in
medium-sized towns, which are showing a gradual trend towards pay-to-park
facilities. The company will also develop its service packages for hospitals and
shopping centres. In international business, growth will continue, especially in Central
and Eastern Europe. In France and elsewhere, VINCI Park will continue to develop
new services, including “soft” mobility solutions such as self-service bicycles and
joint strategies with public transport operators, as well as new payment methods
such as multi-park offers and convergence with public transport tickets.