VINCI - 2005 annual report

Number of transactions
605million
CONCESSIONS / BUSINESS REPORT
Within the new VINCI Concessions group, ASF and Escota will continue to
work on their respective concession contracts, retaining full operating independence.
The move opens up new horizons for their employees, in particular,
in terms of the acquisition of know-how, domestic and international job
mobility, and employee savings schemes.
2005 BUSINESS ACTIVITY. ASF recorded 1.1% growth in traffi c (0.8% on a
constant network basis) over the 12-month period, amounting to 32.6 million
kilometres travelled. Toll revenue rose 3.6% to €2.43 billion, attributable
mainly to price increases that came into force on 1 February, in line with the
contracts with the government signed by ASF and Escota. The companies handled
a total of 605 million transactions, of which 62.7% through automated lanes
and electronic payment systems.
ASF continued to carry out roadworks aimed at completing the meshing
of its network.
On 14 January 2005, the company opened the 20 km Les Essarts-La Roche
sur Yon section on the A87, establishing the continuity of the motorway from
Angers. Access to the west coast from La Roche sur Yon will be further facilitated
when the city’s southern bypass is completed. Work on the bypass started in
autumn 2005, with the opening scheduled for the end of 2008.
On the A89, ASF completed two new sections, which were opened on
11 January 2006: Saint Julien Sancy-Combronde (52 km) and Terrasson-Brive
Nord (10 km). This represented a new step towards continuous motorway
between Bordeaux and Clermont Ferrand. Of the 340 km to be built between
the two cities, 306 km are now open to traffi c.
To fi nance its construction programme, ASF took out three loans totalling
€550 million with the European Investment Bank (EIB) and Caisse Nationale
des Autoroutes. In January 2006, 34 km were under construction and 47 km
remained to be built under the terms of ASF’s concession contract.
RECENT DEVELOPMENTS. Following a call for bids, the Lyons urban authority
awarded ASF the contract to operate the city’s north circular road under the
terms of an outsourced public service contract, which includes major maintenance
and improvement work. The eight-year contract started on 4 January 2006.
ASF will operate the road and carry out infrastructure improvements through
MOTORWAY NETWORK OPERATED BY EUROPEAN CONCESSIONAIRES
(IN KM)
VINCI + ASF
Autostrade
Abertis + Sanef
Eiffage + APRR
Cintra
Brisa
Source: company press releases.
1,580 3,107 4,687
3,408
1,482 1,771 3,253
2,260
1,700
1,198
29