VINCI signs contract for the "Coentunnel" in Amsterdam

22 April 2008 - New contracts - The Netherlands

The Coentunnel Company BV consortium, formed by VINCI Concessions and VINCI Construction subsidiaries CFE and Dredging International, together with Dura Vermeer, Arcadis, Besix and TBI, today signed the concession contract for the Coen tunnel in Amsterdam with the Dutch Minister for Water and Public Works.

The project, in total worth over 500 million euros, calls for the financing, design and construction of a submerged, 8-lane road tunnel, as well as renovating the existing tunnel there and maintaining both tunnels for a period of 30 years. Remuneration of the concessionaire will be in the form of an annual payment, paid by the concession-awarding authority; the amount will depend on the actual availability of the infrastructure to users of these tunnels, which connect the centre of Amsterdam with the northern part of the Netherlands.

The works, lasting 5 years, will be carried out by a consortium made up of VINCI Construction Grands Projets and the VINCI Construction subsidiaries CFE and DEME, along with TBI, Dura Vermeer and Besix.

 

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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.