VINCI, concession operator of Moscow - St Petersburg motorway
27 July 2009 - New contracts - Russian Federation
VINCI, concession operator of Moscow–St Petersburg motorway North-West Concession Company (NWCC), a consortium comprising VINCI Concessions, leader, and Russian partners, has signed a concession contract for the first section of a toll motorway between Moscow and St Petersburg with Rosavtodor, the grantor, in the presence of the Russian Minister of Transport, Mr Levitin.
The contract calls for the design, finance, construction and operation of a 43 km section of motorway which will alleviate congestion on the existing M10 link between Sheremetyevo International Airport, Moscow’s main airport, and the city centre. Total construction cost is estimated at approximately 1 billion Euros.
The concession contract, covering a period of 30 years with a possible five-year extension, will come into force during the first half of 2010 once financing arrangements have been completed, and will be followed by a 36 month construction phase.
VINCI is a global player in concessions and contracting, employing close to 211,000 people in some 100 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, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible 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. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.