The main PPP contracts operated by Group subsidiaries are presented on the asset side of the consolidated balance sheet for their part at more than one year under “Other non-current financial assets” and concern the following:
| (in € millions) | 31/12/2024 | 31/12/2023 |
|---|---|---|
| Beginning of period | Beginning of period 31/12/2024132 | Beginning of period31/12/2023146 |
| Acquisitions during the period | Acquisitions during the period 31/12/2024295 |
Acquisitions during the period 31/12/202396 |
| Redemptions | Redemptions 31/12/2024(14) |
Redemptions 31/12/2023(21) |
| Other movements and currency translation differences | Other movements and currency translation differences 31/12/2024(232) |
Other movements and currency translation differences 31/12/2023(90) |
| End of period | End of period 31/12/2024181 | End of period31/12/2023132 |
| of which | of which 31/12/2024 | of which 31/12/2023 |
| between 1 and 5 years | between 1 and 5 years 31/12/202458 | between 1 and 5 years31/12/202340 |
| over 5 years | over 5 years 31/12/2024123 | over 5 years31/12/202392 |
Contractual investment and renewal obligations
| (in € millions) | 31/12/2024 | 31/12/2023 |
|---|---|---|
| ASF group (France) | ASF group (France) 31/12/2024 810 |
ASF group (France) 31/12/2023 963 |
| Aerodom (Dominican Republic) | Aerodom (Dominican Republic) 31/12/2024 677 |
Aerodom (Dominican Republic) 31/12/2023 1,036 |
| ANA group (Portugal) | ANA group (Portugal) 31/12/2024 492 |
ANA group (Portugal) 31/12/2023 269 |
| Cobra IS | Cobra IS 31/12/2024 368 |
Cobra IS 31/12/2023 321 |
| Cofiroute (France) | Cofiroute (France) 31/12/2024 265 |
Cofiroute (France) 31/12/2023 279 |
| OMA (Grupo Aeroportuario del Centro Norte – Mexico) | OMA (Grupo Aeroportuario del Centro Norte – Mexico) 31/12/2024 246 |
OMA (Grupo Aeroportuario del Centro Norte – Mexico) 31/12/2023 342 |
| London Gatwick airport (United Kingdom) | London Gatwick airport (United Kingdom) 31/12/2024 179 |
London Gatwick airport (United Kingdom) 31/12/2023 90 |
| Vía Sumapaz (Colombia) | Vía Sumapaz (Colombia) 31/12/2024 126 |
Vía Sumapaz (Colombia) 31/12/2023 239 |
| Cabo Verde Airports (Cabo Verde) | Cabo Verde Airports (Cabo Verde) 31/12/2024 89 |
Cabo Verde Airports (Cabo Verde) 31/12/2023 114 |
| ADL - Aéroports de Lyon (France) | ADL - Aéroports de Lyon (France) 31/12/2024 89 |
ADL - Aéroports de Lyon (France) 31/12/2023 98 |
| Concessionária dos Aeroportos da Amazônia (Brazil) | Concessionária dos Aeroportos da Amazônia (Brazil) 31/12/2024 15 |
Concessionária dos Aeroportos da Amazônia (Brazil) 31/12/2023 153 |
| Other | Other 31/12/2024 32 |
Other 31/12/2023 53 |
| Total | Total 31/12/2024 3,388 |
Total 31/12/2023 3,958 |
Contractual investment obligations of motorway concession companies consist mainly of undertakings made under concession contracts, multi-year master contracts as part of the 2015 motorway stimulus plan and the motorway investment plan approved in 2018. VINCI Autoroutes’ investment undertakings amounted to €1,075 million at 31 December 2024 (€1,242 million at 31 December 2023). The decrease in these undertakings during the period was due to progress with works by the concession companies concerned.
The investment undertakings of Aerodom, which holds concessions for six airports in the Dominican Republic, correspond to investments due to be made until 2060, the year in which the term of the concession contract now ends. The balance of the payment due in return for changing the end of the concession period from 2030 to 2060, which appeared under off-balance sheet commitments at 31 December 2023 in an amount of €450 million, was paid during the year.
In addition to those undertakings, bank and parent company investment guarantees in the total amount of €143 million were given in relation to concession projects at 31 December 2024.
The above amounts do not include obligations relating to maintenance expenditure on infrastructure under concession, in respect of which specific provisions based on maintenance plans are set aside (see Note H.19.3, “Breakdown of current provisions”).
