Collateral security (in the form of pledges of shares and mortgages on land and buildings) is generally granted to secure financing arranged within subsidiaries, and breaks down as follows:
| (in € millions) | Start date | End date | Amount |
|---|---|---|---|
| London Gatwick airport | London Gatwick airport Start date2011 |
London Gatwick airport End date2049 |
London Gatwick airport Amount2,550 |
| Arcour | Arcour Start date2008 |
Arcour End date2047 |
Arcour Amount564 |
| OMA (Grupo Aeroportuario del Centro Norte) | OMA (Grupo Aeroportuario del Centro Norte) Start date2022 |
OMA (Grupo Aeroportuario del Centro Norte) End date2030 |
OMA (Grupo Aeroportuario del Centro Norte) Amount465 |
| Lima Expresa | Lima Expresa Start date2016 |
Lima Expresa End date2037 |
Lima Expresa Amount367 |
| Arcos | Arcos Start date2018 |
Arcos End date2045 |
Arcos Amount355 |
| Aerodom | Aerodom Start date2017 |
Aerodom End date2029 |
Aerodom Amount323 |
| Belgrade airport | Belgrade airport Start date2018 |
Belgrade airport End date2035 |
Belgrade airport Amount264 |
| ADL - Aéroports de Lyon | ADL - Aéroports de Lyon Start date2016 |
ADL - Aéroports de Lyon End date2033 |
ADL - Aéroports de Lyon Amount237 |
| Gefyra | Gefyra Start date1997 |
Gefyra End date2029 |
Gefyra Amount97 |
| Concessionária dos Aeroportos da Amazônia | Concessionária dos Aeroportos da Amazônia Start date2022 |
Concessionária dos Aeroportos da Amazônia End date2046 |
Concessionária dos Aeroportos da Amazônia Amount88 |
| Other concession companies | Other concession companies Start date
|
Other concession companies End date
|
Other concession companies Amount211 |
| Total | TotalStart date
|
TotalEnd date
|
TotalAmount5,521 |
Other security interests related to the funding of concession projects have been granted in an amount of €624 million, the vast majority of which concern Lima Expresa in Peru.
At 31 December 2023, the Group’s share of the investment undertakings made by these companies amounted to €927 million as opposed to €1,004 million at 31 December 2022, when they included the commitments of the Colombian company Vía Sumapaz, then known as Vía 40 Express and now fully consolidated, in the amount of €126 million. These commitments mainly relate to VINCI Highways’ ongoing infrastructure projects, including those of Entrevias (highway in São Paulo state in Brazil, €106 million), the Rift Valley project (motorway in Kenya connecting Nairobi with Mau Summit, €542 million), as well as the projects for Via Mühlausen (B247 federal road in Germany, €73 million) and for Via Salis (D4 motorway in the Bohemia region of the Czech Republic, €59 million).
Collateral security has been granted in the form of pledges of shares in companies accounted for under the equity method.The net carrying amount of the shares pledged at 31 December 2023 was €34 million (€40 million at 31 December 2022) and included shares in SMTPC (the holder of the concession for the Prado Carénage road tunnel in Marseille) for €11 million, WVB East End Partners (the company holding the concession for the Ohio River Bridges East End Crossing project in the United States) for €9 million, and Synerail (the PPP contract for the GSM-Rail system, under the Global System for Mobile Communications – Railway standard) for €6 million.
In addition, €160 million of corporate guarantees were granted, including those granted by Cobra IS to the banks financing three high-voltage line projects in Brazil for €117 million.
The Group has made commitments to provide funding (capital and/or subordinated loans) to companies accounted for under the equity method. At 31 December 2023, those commitments amounted to €54 million (€67 million at 31 December 2022). They mainly concern the D4 motorway project in the Czech Republic (€27 million), the B247 federal road project in Germany (€11 million) and Santiago airport in Chile (€16 million).
