2025 Universal Registration Document

12. Details of the main contracts in Concessions

Details of the main contracts in the Concessions business at 31 December 2025 are set out by business line in the table below.

Details of the main contracts in the Concessions business at 31 December 2025 are set out by business line
	Country	End of contract	Accounting model	Consolidation method
*VINCI Autoroutes^()**	*VINCI Autoroutes^()** Country	*VINCI Autoroutes^()** End of contract	*VINCI Autoroutes^()** Accounting model	*VINCI Autoroutes^()** Consolidation method
ASF group
ASF 2,730 km of toll motorways	ASF 2,730 km of toll motorways Country France	ASF 2,730 km of toll motorways End of contract 2036	ASF 2,730 km of toll motorways Accounting model Intangible asset	ASF 2,730 km of toll motorways Consolidation method FC
Escota 471 km of toll motorways	Escota 471 km of toll motorways Country France	Escota 471 km of toll motorways End of contract 2032	Escota 471 km of toll motorways Accounting model Intangible asset	Escota 471 km of toll motorways Consolidation method FC
Cofiroute
Intercity network 1,100 km of toll motorways	Intercity network 1,100 km of toll motorways Country France	Intercity network 1,100 km of toll motorways End of contract 2034	Intercity network 1,100 km of toll motorways Accounting model Intangible asset	Intercity network 1,100 km of toll motorways Consolidation method FC
A86 Duplex 11 km toll tunnel west of Paris	A86 Duplex 11 km toll tunnel west of Paris Country France	A86 Duplex 11 km toll tunnel west of Paris End of contract 2086	A86 Duplex 11 km toll tunnel west of Paris Accounting model Intangible asset	A86 Duplex 11 km toll tunnel west of Paris Consolidation method FC
Arcour
A19 101 km toll motorway south of Paris	A19 101 km toll motorway south of Paris Country France	A19 101 km toll motorway south of Paris End of contract 2070	A19 101 km toll motorway south of Paris Accounting model Intangible asset	A19 101 km toll motorway south of Paris Consolidation method FC
Arcos
A355 24 km toll motorway bypassing Strasbourg to the west	A355 24 km toll motorway bypassing Strasbourg to the west Country France	A355 24 km toll motorway bypassing Strasbourg to the west End of contract 2070	A355 24 km toll motorway bypassing Strasbourg to the west Accounting model Intangible asset	A355 24 km toll motorway bypassing Strasbourg to the west Consolidation method FC
VINCI Airports^()**
Aéroports de Lyon Lyon-Saint Exupéry and Lyon Bron airports	Aéroports de Lyon Lyon-Saint Exupéry and Lyon Bron airports Country France	Aéroports de Lyon Lyon-Saint Exupéry and Lyon Bron airports End of contract 2047	Aéroports de Lyon Lyon-Saint Exupéry and Lyon Bron airports Accounting model Intangible asset	Aéroports de Lyon Lyon-Saint Exupéry and Lyon Bron airports Consolidation method FC
ANA group 10 airports	ANA group 10 airports Country Portugal	ANA group 10 airports End of contract 2062	ANA group 10 airports Accounting model Intangible asset	ANA group 10 airports Consolidation method FC
Belfast International airport	Belfast International airport Country United Kingdom	Belfast International airport End of contract 2993	Belfast International airport Accounting model Intangible asset	Belfast International airport Consolidation method FC
Edinburgh airport	Edinburgh airport Country United Kingdom	Edinburgh airport End of contract Full ownership	Edinburgh airport Accounting model Intangible asset	Edinburgh airport Consolidation method FC
London Gatwick airport	London Gatwick airport Country United Kingdom	London Gatwick airport End of contract Full ownership	London Gatwick airport Accounting model Intangible asset	London Gatwick airport Consolidation method FC
Nikola Tesla airport in Belgrade	Nikola Tesla airport in Belgrade Country Serbia	Nikola Tesla airport in Belgrade End of contract 2045	Nikola Tesla airport in Belgrade Accounting model Intangible asset	Nikola Tesla airport in Belgrade Consolidation method FC
Deputado Luís Eduardo Magalhães airport in Salvador Bahia	Deputado Luís Eduardo Magalhães airport in Salvador Bahia Country Brazil	Deputado Luís Eduardo Magalhães airport in Salvador Bahia End of contract 2047	Deputado Luís Eduardo Magalhães airport in Salvador Bahia Accounting model Intangible asset	Deputado Luís Eduardo Magalhães airport in Salvador Bahia Consolidation method FC
Concessionária dos Aeroportos da Amazônia 7 airports including Manaus airport	Concessionária dos Aeroportos da Amazônia 7 airports including Manaus airport Country Brazil	Concessionária dos Aeroportos da Amazônia 7 airports including Manaus airport End of contract 2051	Concessionária dos Aeroportos da Amazônia 7 airports including Manaus airport Accounting model Intangible asset	Concessionária dos Aeroportos da Amazônia 7 airports including Manaus airport Consolidation method FC
Cambodia Airports Sihanoukville airport	Cambodia Airports Sihanoukville airport Country Cambodia	Cambodia Airports Sihanoukville airport End of contract 2040	Cambodia Airports Sihanoukville airport Accounting model Intangible asset	Cambodia Airports Sihanoukville airport Consolidation method FC
Cabo Verde Airports 7 airports including Praia airport	Cabo Verde Airports 7 airports including Praia airport Country Cabo Verde	Cabo Verde Airports 7 airports including Praia airport End of contract 2063	Cabo Verde Airports 7 airports including Praia airport Accounting model Intangible asset	Cabo Verde Airports 7 airports including Praia airport Consolidation method FC
OMA (Grupo Aeroportuario del Centro Norte) 13 airports including Monterrey airport	OMA (Grupo Aeroportuario del Centro Norte) 13 airports including Monterrey airport Country Mexico	OMA (Grupo Aeroportuario del Centro Norte) 13 airports including Monterrey airport End of contract 2048	OMA (Grupo Aeroportuario del Centro Norte) 13 airports including Monterrey airport Accounting model Intangible asset	OMA (Grupo Aeroportuario del Centro Norte) 13 airports including Monterrey airport Consolidation method FC
Aerodom 6 airports including Las Américas airport in Santo Domingo	Aerodom 6 airports including Las Américas airport in Santo Domingo Country Dominican Republic	Aerodom 6 airports including Las Américas airport in Santo Domingo End of contract 2060	Aerodom 6 airports including Las Américas airport in Santo Domingo Accounting model Intangible asset	Aerodom 6 airports including Las Américas airport in Santo Domingo Consolidation method FC
Nuevo Pudahuel Arturo Merino Benítez International airport in Santiago	Nuevo Pudahuel Arturo Merino Benítez International airport in Santiago Country Chile	Nuevo Pudahuel Arturo Merino Benítez International airport in Santiago End of contract 2035	Nuevo Pudahuel Arturo Merino Benítez International airport in Santiago Accounting model Intangible asset	Nuevo Pudahuel Arturo Merino Benítez International airport in Santiago Consolidation method EM
Daniel Oduber Quirós International airport in Guanacaste province	Daniel Oduber Quirós International airport in Guanacaste province Country Costa Rica	Daniel Oduber Quirós International airport in Guanacaste province End of contract 2030	Daniel Oduber Quirós International airport in Guanacaste province Accounting model Bifurcated model: intangible asset and financial asset	Daniel Oduber Quirós International airport in Guanacaste province Consolidation method EM
Société Concessionnaire Aéroports du Grand Ouest Nantes Atlantique and Saint-Nazaire Montoir airports	Société Concessionnaire Aéroports du Grand Ouest Nantes Atlantique and Saint-Nazaire Montoir airports Country France	Société Concessionnaire Aéroports du Grand Ouest Nantes Atlantique and Saint-Nazaire Montoir airports End of contract ^(***)	Société Concessionnaire Aéroports du Grand Ouest Nantes Atlantique and Saint-Nazaire Montoir airports Accounting model Intangible asset	Société Concessionnaire Aéroports du Grand Ouest Nantes Atlantique and Saint-Nazaire Montoir airports Consolidation method EM
Budapest airport	Budapest airport Country Hungary	Budapest airport End of contract 2080	Budapest airport Accounting model Intangible asset	Budapest airport Consolidation method EM
Kansai Airports Kansai International, Osaka Itami and Kobe airports	Kansai Airports Kansai International, Osaka Itami and Kobe airports Country Japan	Kansai Airports Kansai International, Osaka Itami and Kobe airports End of contract 2060	Kansai Airports Kansai International, Osaka Itami and Kobe airports Accounting model Intangible asset	Kansai Airports Kansai International, Osaka Itami and Kobe airports Consolidation method EM
VINCI Highways
Entrevias Toll highway sections in São Paulo state (570 km)	Entrevias Toll highway sections in São Paulo state (570 km) Country Brazil	Entrevias Toll highway sections in São Paulo state (570 km) End of contract 2047	Entrevias Toll highway sections in São Paulo state (570 km) Accounting model Intangible asset	Entrevias Toll highway sections in São Paulo state (570 km) Consolidation method FC
Via Cristais Tolled section of the Rio de Janeiro–Brasília highway (594 km)	Via Cristais Tolled section of the Rio de Janeiro–Brasília highway (594 km) Country Brazil	Via Cristais Tolled section of the Rio de Janeiro–Brasília highway (594 km) End of contract 2055	Via Cristais Tolled section of the Rio de Janeiro–Brasília highway (594 km) Accounting model Intangible asset	Via Cristais Tolled section of the Rio de Janeiro–Brasília highway (594 km) Consolidation method FC
Strait Crossing Development Inc. Confederation Bridge connecting the Canadian provinces of Prince Edward Island and New Brunswick	Strait Crossing Development Inc. Confederation Bridge connecting the Canadian provinces of Prince Edward Island and New Brunswick Country Canada	Strait Crossing Development Inc. Confederation Bridge connecting the Canadian provinces of Prince Edward Island and New Brunswick End of contract 2032	Strait Crossing Development Inc. Confederation Bridge connecting the Canadian provinces of Prince Edward Island and New Brunswick Accounting model Intangible asset	Strait Crossing Development Inc. Confederation Bridge connecting the Canadian provinces of Prince Edward Island and New Brunswick Consolidation method FC
Vía Sumapaz Toll highway connecting Bogotá and Girardot (141 km including construction of a third lane over 65 km)	Vía Sumapaz Toll highway connecting Bogotá and Girardot (141 km including construction of a third lane over 65 km) Country Colombia	Vía Sumapaz Toll highway connecting Bogotá and Girardot (141 km including construction of a third lane over 65 km) End of contract 2046	Vía Sumapaz Toll highway connecting Bogotá and Girardot (141 km including construction of a third lane over 65 km) Accounting model Intangible asset	Vía Sumapaz Toll highway connecting Bogotá and Girardot (141 km including construction of a third lane over 65 km) Consolidation method FC
Northwest Parkway 14 km section of the Denver ring road	Northwest Parkway 14 km section of the Denver ring road Country United States	Northwest Parkway 14 km section of the Denver ring road End of contract 2106	Northwest Parkway 14 km section of the Denver ring road Accounting model Intangible asset	Northwest Parkway 14 km section of the Denver ring road Consolidation method FC
Gefyra Toll bridge between Rio and Antirrio	Gefyra Toll bridge between Rio and Antirrio Country Greece	Gefyra Toll bridge between Rio and Antirrio End of contract 2039	Gefyra Toll bridge between Rio and Antirrio Accounting model Intangible asset	Gefyra Toll bridge between Rio and Antirrio Consolidation method FC
Lima Expresa Línea Amarilla: 25 km section of the Lima ring road	Lima Expresa Línea Amarilla: 25 km section of the Lima ring road Country Peru	Lima Expresa Línea Amarilla: 25 km section of the Lima ring road End of contract 2049	Lima Expresa Línea Amarilla: 25 km section of the Lima ring road Accounting model Intangible asset	Lima Expresa Línea Amarilla: 25 km section of the Lima ring road Consolidation method FC
A4 Hörselberg A-Modell 45 km	A4 Hörselberg A-Modell 45 km Country Germany	A4 Hörselberg A-Modell 45 km End of contract 2037	A4 Hörselberg A-Modell 45 km Accounting model Intangible asset	A4 Hörselberg A-Modell 45 km Consolidation method EM
A5 Malsch–Offenburg A-Modell 60 km	A5 Malsch–Offenburg A-Modell 60 km Country Germany	A5 Malsch–Offenburg A-Modell 60 km End of contract 2039	A5 Malsch–Offenburg A-Modell 60 km Accounting model Intangible asset	A5 Malsch–Offenburg A-Modell 60 km Consolidation method EM
A7 Göttingen–Bockenen A-Modell 60 km to be renovated, including 29 km to be widened to 2×3 lanes	A7 Göttingen–Bockenen A-Modell 60 km to be renovated, including 29 km to be widened to 2×3 lanes Country Germany	A7 Göttingen–Bockenen A-Modell 60 km to be renovated, including 29 km to be widened to 2×3 lanes End of contract 2047	A7 Göttingen–Bockenen A-Modell 60 km to be renovated, including 29 km to be widened to 2×3 lanes Accounting model Financial asset	A7 Göttingen–Bockenen A-Modell 60 km to be renovated, including 29 km to be widened to 2×3 lanes Consolidation method EM
A9 Six-lane A-Modell – Via Gateway Thüringen 47 km	A9 Six-lane A-Modell – Via Gateway Thüringen 47 km Country Germany	A9 Six-lane A-Modell – Via Gateway Thüringen 47 km End of contract 2031	A9 Six-lane A-Modell – Via Gateway Thüringen 47 km Accounting model Financial asset	A9 Six-lane A-Modell – Via Gateway Thüringen 47 km Consolidation method EM
B247 federal road – Via Mühlhausen 22 km plus 6 km of approach roads	B247 federal road – Via Mühlhausen 22 km plus 6 km of approach roads Country Germany	B247 federal road – Via Mühlhausen 22 km plus 6 km of approach roads End of contract 2051	B247 federal road – Via Mühlhausen 22 km plus 6 km of approach roads Accounting model Financial asset	B247 federal road – Via Mühlhausen 22 km plus 6 km of approach roads Consolidation method EM
Regina Bypass 61 Km expressway bypassing Regina	Regina Bypass 61 Km expressway bypassing Regina Country Canada	Regina Bypass 61 Km expressway bypassing Regina End of contract 2049	Regina Bypass 61 Km expressway bypassing Regina Accounting model Financial asset	Regina Bypass 61 Km expressway bypassing Regina Consolidation method EM
Ohio River Bridges – East End Crossing Bridge over the Ohio River and access tunnel	Ohio River Bridges – East End Crossing Bridge over the Ohio River and access tunnel Country United States	Ohio River Bridges – East End Crossing Bridge over the Ohio River and access tunnel End of contract 2051	Ohio River Bridges – East End Crossing Bridge over the Ohio River and access tunnel Accounting model Financial asset	Ohio River Bridges – East End Crossing Bridge over the Ohio River and access tunnel Consolidation method EM
Olympia Odos Toll motorway connecting Elefsina, Corinth, Patras and Pyrgos	Olympia Odos Toll motorway connecting Elefsina, Corinth, Patras and Pyrgos Country Greece	Olympia Odos Toll motorway connecting Elefsina, Corinth, Patras and Pyrgos End of contract 2038/2044	Olympia Odos Toll motorway connecting Elefsina, Corinth, Patras and Pyrgos Accounting model Intangible asset	Olympia Odos Toll motorway connecting Elefsina, Corinth, Patras and Pyrgos Consolidation method EM
D4 motorway – Via Salis 32 km plus 16 km to be widened to 2×2 lanes	D4 motorway – Via Salis 32 km plus 16 km to be widened to 2×2 lanes Country Czech Republic	D4 motorway – Via Salis 32 km plus 16 km to be widened to 2×2 lanes End of contract 2049	D4 motorway – Via Salis 32 km plus 16 km to be widened to 2×2 lanes Accounting model Financial asset	D4 motorway – Via Salis 32 km plus 16 km to be widened to 2×2 lanes Consolidation method EM
Hounslow Highways Services Rehabilitation and maintenance of roadways, traffic signs and lighting in the west London borough of Hounslow	Hounslow Highways Services Rehabilitation and maintenance of roadways, traffic signs and lighting in the west London borough of Hounslow Country United Kingdom	Hounslow Highways Services Rehabilitation and maintenance of roadways, traffic signs and lighting in the west London borough of Hounslow End of contract 2037	Hounslow Highways Services Rehabilitation and maintenance of roadways, traffic signs and lighting in the west London borough of Hounslow Accounting model Financial asset	Hounslow Highways Services Rehabilitation and maintenance of roadways, traffic signs and lighting in the west London borough of Hounslow Consolidation method EM
Island Roads Services Rehabilitation and maintenance of roadways, traffic signs and lighting on the Isle of Wight	Island Roads Services Rehabilitation and maintenance of roadways, traffic signs and lighting on the Isle of Wight Country United Kingdom	Island Roads Services Rehabilitation and maintenance of roadways, traffic signs and lighting on the Isle of Wight End of contract 2038	Island Roads Services Rehabilitation and maintenance of roadways, traffic signs and lighting on the Isle of Wight Accounting model Financial asset	Island Roads Services Rehabilitation and maintenance of roadways, traffic signs and lighting on the Isle of Wight Consolidation method EM
Granvia R1 expressway (Via Pribina) between Nitra and Tekovské Nemce	Granvia R1 expressway (Via Pribina) between Nitra and Tekovské Nemce Country Slovakia	Granvia R1 expressway (Via Pribina) between Nitra and Tekovské Nemce End of contract 2041	Granvia R1 expressway (Via Pribina) between Nitra and Tekovské Nemce Accounting model Financial asset	Granvia R1 expressway (Via Pribina) between Nitra and Tekovské Nemce Consolidation method EM
VINCI Railways
LISEA South Europe Atlantic high-speed rail line (302 km) between Tours and Bordeaux	LISEA South Europe Atlantic high-speed rail line (302 km) between Tours and Bordeaux Country France	LISEA South Europe Atlantic high-speed rail line (302 km) between Tours and Bordeaux End of contract 2061	LISEA South Europe Atlantic high-speed rail line (302 km) between Tours and Bordeaux Accounting model Bifurcated model: intangible asset and financial asset	LISEA South Europe Atlantic high-speed rail line (302 km) between Tours and Bordeaux Consolidation method EM

(*) Remuneration is based on the pricing law as defined in the concession contract, and price increases must be validated by the grantor.
(**) Remuneration comes from both users and from airlines. Airport fees are generally regulated.
(***) The concession contract was terminated on 24 October 2019 on the grounds of public interest. The termination is due to take effect no later than the signing date of the new concession contract.