VINCI - 2005 annual report

Europe’s leading transport
infrastructure concessionaire
Workforce
19,000
Number of countries
with operations
25
CONCESSIONS / PROFILE
On 14 December 2005, the French government announced its decision
to sell VINCI its holding in the capital of Autoroutes du Sud de la France (ASF).
This marked a decisive step for the concessions division, which became
Europe’s leading concession operator with 4,687 km of motorway. So the
acquisition of ASF is an excellent fi t with the growth strategy applied by VINCI
for over 100 years: combining concessions business focused on transport
infrastructure (motorways, road structures, car parks and airports) with
construction, and taking full advantage of the strong skills and networks
synergies that exist between them. It comes at a time when there is a shortage
of public funding to meet signifi cant infrastructure needs, which is leading
contracting authorities to have greater and greater recourse to public-private
partnerships (PPPs) as a means of raising new sources of fi nancing.
VINCI Concessions has the support of the VINCI network around the world,
especially in Europe where the Group generates over 90% of its business. It is
thus in a position to develop and implement the technical and fi nancial solutions
that meet local authorities’ infrastructure needs. The company has a very strong
base in France, with 4,316 km of motorway under concession and 445,000 parking
spaces managed, of which 293,000 under concession or freehold. It also has
equity positions in several infrastructure operators, including Arcour, the
concessionaire of the A19 between Artenay and Courtenay; the Prado-Carénage
tunnel company in Marseilles; Openly, the operator of the northern ring road
around Lyons; Seag and Seaca, the operators of Grenoble and Chambéry airports
respectively; and the Stade de France sports stadium near Paris. Outside France,
VINCI Concessions operates the bridges over the River Severn and the Newport
Southern Distributor Road in the United Kingdom, the bridges over the River
Tagus in Portugal, Charilaos Trikoupis Bridge (Rion-Antirion) in Greece,
the Fredericton-Moncton motorway and Confederation Bridge in Canada,
the Chillán-Collipulli motorway in Chile, airports in Cambodia and almost
345,000 parking spaces.
VINCI Concessions has been focusing for several years on developing an
innovative commercial and services policy to meet its customers’ needs.
This policy is applied within long-term partnerships with public authorities.
VINCI’s fi nancial strength and relationships of trust with the fi nancial community
ensure VINCI Concessions has the resources needed to develop new projects.
The Group’s fi nancial strength, together with VINCI Concessions’ expertise and
the quality of its diversifi ed portfolio, give the company a sound base on which
to continue pursuing growth.
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