VINCI named concessionaire for the R1 expressway in Slovakia

23 March 2009 - New contracts - Slovakia

- a 30-year Public-Private Partnership contract
- a contract with an estimated value of over €1 billion
- works with a value of €900 million

The Granvia consortium consisting of VINCI Concessions (principal) and the AA Highway private equity fund has just signed the public private partnership contract for the R1 expressway with the Slovak Ministry of Transport, Posts and Telecommunications. Located to the east of Bratislava, the new 2x2 lane infrastructure will link the cities of Nitra and Tekovské Nemce and by-pass the city of Banská Bystrica in Slovakia.

The 30-year contract covers financing, design, construction, operation and maintenance of the 52 km expressway consisting of four separate sections. The concession company will be remunerated by means of an annual royalty paid by the grantor.

The total amount of the project is more than €1 billion. The works, which are to last four years and have a total value of €900 million, will be carried out by Granvia Construction a subsidiary of Stavby Silnic a Zeleznic (SSZ), wholly owned by Eurovia (part of the VINCI Group).

The infrastructure will be operated by VINCI Concessions.

This initial success consolidates VINCI’s presence in Central and Eastern Europe, where the Group’s revenue totalled about €2.5 billion in 2008.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.