VINCI Highways continues to develop its network, with a new concession covering 570 km of motorway in Brazil and launch of major works on the B247 federal road in Germany and the D4 motorway in the Czech Republic. By taking full control of its subsidiary TollPlus, VINCI Highways has also strengthened its position in the fast-growing market of electronic toll collection.
BRAZIL. VINCI Highways signed an agreement with the Patria fund on 1 December 2022 to acquire a 55% majority stake in Entrevias, which holds the concession for 570 km of motorway in the state of São Paulo until 2047. The concession contractcovers operation and maintenance of the entire infrastructure, together with widening of a 210 km section. Works have already started and should be completed by end-2025. The concession company’s revenue is generated through the collection of tolls, with around 33 million transactions recorded in 2022. Financial close is expected in 2023, once conditions precedent are waived. Already active in Colombia and Peru, VINCI Highways continues to develop its presence in Latin America with this new operation in Brazil’s most populated state.
GREECE. Through Olympia Odos, VINCI Highways holds the concession for the Athens–Corinth–Patras motorway (201 km). In March 2022, it signed an agreement with the Greek authorities to extend the infrastructure with a new 75 km section to Pyrgos, in the west of the Peloponnese peninsula. The new section will be integrated into the existing concession, which will now continue until 2044. Work on the new section started in 2022.
FREE-FLOW TOLL SYSTEM TECHNOLOGIES. VINCI Highways, which already owned a 30% stake in TollPlus, provider of technology systems for managing road transport, acquired the remaining 70% of the company’s capital in the first half of 2022. With this deal, VINCI Highways has strengthened its position in the fast- growing electronic toll collection (ETC) market, particularly in the United States, where TollPlus generates more than three-quarters of its activity. The acquisition allows VINCI Highways to develop new digital services aimed at improving the journey and user experience, while responding to the major safety and security challenges relating to toll systems and data protection.
VINCI Highways has also increased its stakes in three concession companies responsible for major bridges built and operated by the Group:
in Canada: the 12.9 km Confederation Bridge between Prince Edward Island and the province of New Brunswick (stake raised from 19.9% to 85%);
in Greece: the Charilaos Trikoupis Bridge linking the Peloponnese to the continent between the cities of Rion and Antirion (stake in the concession company raised from 57.5% to 72.3% and from 55.3% to 70.5% in the operating company);
in Portugal: stake raised from 41% to 49.5% in Lusoponte, the concession company operating the two bridges across the Tagus in Lisbon, including the 17 km long Vasco da Gama Bridge.
4,100 The number of kilometres in the network operated by VINCI Highways in 15 countries.
