VINCI signs partnership contract for Martinique’sbus rapid transit system

25 November 2013 - New contracts - France

- a 22-year partnership contract
- total investment of €98.6 million

VINCI Concessions subsidiary Caraibus has signed a 22-year partnership contract with Martinique’s transit authority (SMTCSP) covering:
o the financing, design, construction of structures (including stations, Mahault and Carrère multimodal transport hubs, and the maintenance centre), maintenance and repair of all the structures and equipment;
o the financing, design and manufacture of the buses and their on-board systems.

The project calls for a total investment of €98.6 million, comprising an €18.4 million contribution from SMTCSP, equity of €5.6 million and financing totalling €74.6 million, which will come 50/50 from the Agence Française de Développement (French Development Agency) and the Direction des Fonds d'Epargne (savings fund department of the Caisse des Dépôts) when the system is commissioned.

Caraibus will receive fees for each of the services it provides.

Eurovia and VINCI Construction, through their subsidiaries Caraib Moter and SOGEA Martinique respectively, will design and build the bus rapid transit system within 23 months; the 24-metre BRT buses will be designed and built by Van Hool.

Caraibus Maintenance, a VINCI Concessions subsidiary, will be responsible for light and heavy maintenance.

 

About VINCI
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.