Sogea - 1999 annual report - Vinci

Sogea - 1999 annual report - Vinci Sogea - 1999 annual report - Vinci

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24 CIVIL ENGINEERING In civil engineering, Sogea continued construction of the Ziga dam in Burkina Faso and the Dapaong dam in Togo as well as the bridge over the Moulouya river in Morocco. The company completed the work of raising the Sadiola dam in Mali as well as extraction of uranium ore from the Mikouloungou mine in Gabon. In addition, Sogea won the contract to build the Owendo conventional thermal power plant in Libreville, Gabon. The company won contracts in Benin to renovate engineering structures and in partnership with Dodin it will be extending the port facilities in Cotonou; in Morocco, the construction of wind farms in Tétouan; in Gabon, several earthworks and civil engineering projects for the new Comilog ferro-manganese plant. In Europe, Norwest Holst has managed to increase its activity despite the lack of growth of the market. In 1999 the company had its first major success in the PFI sector with the construction of an avenue linking the Cardiff Bay with the city centre. It will be responsible for its maintenance for a period of 25 years. In addition, Norwest Holst obtained or continued several projects related to road and rail infrastructure: the A12-M11 road link, the railway station near Luton airport, earthmoving work on the M1 and A1 Motorways. It is also building the Mid Kent section of the future London-Dover Channel Tunnel Rail Link and Hungerford Bridge in London. In the Benelux, Denys was awarded several projects on the Brussels-Antwerp high speed rail line. Outlook While continuing its customer and activity diversification so as to be independent of market cycles, Sogea will be stepping up its policy of working increasingly on a network basis and leveraging internal synergies so as to be able to innovate in the many projects it has identified for coming years. Sogea’s regional entities will thus be able to avail themselves to an even greater extent of the specialized subsidiaries within the company, Dodin and Cofex, as they did on a large number of occasions in 1999 on both the French and export markets. The environment, industry and telecommunications markets should continue to grow and enable Sogea to consolidate its position. Despite the slowdown in activity in Africa, the main projects undertaken during the fiscal year and the company’s leading position should make it possible for it to withstand the slump better than its competitors. In the United Kingdom, finally, the development of the road and rail markets and the good order book at Norwest Holst should provide that company with good prospects for the year 2000.

2 3 1. Norwest Holst built two new symmetrical footbridges across the Thames in London as part of the “Hungerford Bridge Millennium Project“. 2. Norwest Holst, through its subsidiary SGE Holst Investments, is the leader of a consortium in charge of renovating the old industrial quarters in Cardiff in the framework of a PFI. 3. In 1999, Denys was awarded the contract to renovate existing pipelines and lay new ones as part of the Brussels-Amsterdam TGV high speed rail project. CENTRAL AFRICA 300 km of roads in Cameroun and Gabon Sogea and its subsidiary Satom won two large roadworks contracts in central Africa in 1999. In Cameroun, the construction of 247 km of road between Bertoua and Garoua- Boulaï will start following completion of 4 million cubic metres of earthmoving; 1.9 million tons of gravel; 55,000 cubic metres of concrete and 220,000 tons of bituminous mix. Duration of the work: 28 months. The other contract is for construction of 54 km of road between Lalara and Mitzic in Gabon. This road in bituminous mix (62,000 tons) will rest on a foundation of 45 cm of laterite cement and a base layer of 15 cm of crushed rock. The work is to be completed in 18 months. 1 25

24<br />

CIVIL ENGINEERING<br />

In civil engineering, <strong>Sogea</strong> continued construction of<br />

the Ziga dam in Burkina Faso and the Dapaong dam<br />

in Togo as well as the bridge over the Moulouya river<br />

in Morocco. The company completed the work of<br />

raising the Sadiola dam in Mali as well as extraction<br />

of uranium ore from the Mikouloungou mine in<br />

Gabon. In addition, <strong>Sogea</strong> won the contract to build<br />

the Owendo conventional thermal power plant<br />

in Libreville, Gabon. The company won contracts<br />

in Benin to renovate engineering structures and in<br />

partnership with Dodin it will be extending the port<br />

facilities in Cotonou; in Morocco, the construction of<br />

wind farms in Tétouan; in Gabon, several earthworks<br />

and civil engineering projects for the new Comilog<br />

ferro-manganese plant.<br />

In Europe, Norwest Holst has managed to increase<br />

its activity despite the lack of growth of the market.<br />

In <strong>1999</strong> the company had its first major success in the<br />

PFI sector with the construction of an avenue linking<br />

the Cardiff Bay with the city centre. It will be<br />

responsible for its maintenance for a period of 25 years.<br />

In addition, Norwest Holst obtained or continued<br />

several projects related to road and rail infrastructure:<br />

the A12-M11 road link, the railway station near<br />

Luton airport, earthmoving work on the M1 and A1<br />

Motorways.<br />

It is also building the Mid Kent section of the<br />

future London-Dover Channel Tunnel Rail Link and<br />

Hungerford Bridge in London.<br />

In the Benelux, Denys was awarded several projects<br />

on the Brussels-Antwerp high speed rail line.<br />

Outlook<br />

While continuing its customer and activity diversification<br />

so as to be independent of market cycles, <strong>Sogea</strong> will be<br />

stepping up its policy of working increasingly on a<br />

network basis and leveraging internal synergies so<br />

as to be able to innovate in the many projects it has<br />

identified for coming years.<br />

<strong>Sogea</strong>’s regional entities will thus be able to avail<br />

themselves to an even greater extent of the specialized<br />

subsidiaries within the company, Dodin and Cofex,<br />

as they did on a large number of occasions in <strong>1999</strong><br />

on both the French and export markets.<br />

The environment, industry and telecommunications<br />

markets should continue to grow and enable <strong>Sogea</strong> to<br />

consolidate its position.<br />

Despite the slowdown in activity in Africa, the main<br />

projects undertaken during the fiscal year and the<br />

company’s leading position should make it possible for<br />

it to withstand the slump better than its competitors.<br />

In the United Kingdom, finally, the development of<br />

the road and rail markets and the good order book<br />

at Norwest Holst should provide that company with<br />

good prospects for the year 2000.

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