United Kingdom: Eurovia reinforces its position as a leading highway and motorway maintenance company
30 June 2017 - 8:45 am - New contracts - United Kingdom
- A 15-year contract for Highways England
- With a value of more than €270 million (£225 million)
Highways England1 has selected Eurovia, the VINCI subsidiary specialising in transport infrastructure and urban development, to take responsibility for managing routine maintenance and delivering capital renewal and improvement for highways and motorways in South West England. The network comprises 1,695 km of roads in the counties of Devon, Somerset, Dorset, Wiltshire and Gloucestershire.
The 15-year contract with a value of more than €270 million (£225 million) takes effect on 1 July 2017. In addition to major roads and motorway infrastructure improvement and maintenance, it also includes lighting maintenance, incident response, severe weather response and traffic management services.
Long-term major roads maintenance contracts account for more than 50% of Eurovia's business activity in the United Kingdom, where the company manages more than 60,000 km of roads via its subsidiary Ringway and joint ventures Ringway Jacobs, South West Highways and BEAR Scotland.
With revenue amounting to €2.5 billion 2016, the United Kingdom constitutes VINCI's third-largest market. The Group employs about 9,000 people there. In February of this year, via Eurovia, VINCI won the highway maintenance contracts for the counties of Wiltshire & Swindon. In August 2015, the Group also signed a contract for the East works package of the Thames Tideway tunnel in London, a major project designed to address the issue of untreated sewage discharge into the Thames.
Eurovia is a VINCI Group subsidiary and global leader in transport infrastructure and urban development. It builds roads, motorways, railways, airports and tramways, and develops industrial, commercial and urban facilities. It also delivers all the related services, including demolition, deconstruction, drainage, earthworks, utility networks, signage, bridges, tunnels and noise barriers. Eurovia’s network of industrial plants producing aggregates and other supplies for road and rail construction spans the entire supply chain. The company is operating in 15 countries, employs 38,000 people and generated €7.6 billion in revenue in 2016.
1 Highways England is the public company in charge of operating England’s motorways and major roads.
VINCI is a global player in concessions and contracting, employing close to 195,000 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.