VINCI - 2005 annual report
VINCI - 2005 annual report VINCI - 2005 annual report
CONCESSIONS / BUSINESS REPORT Between 2004 and 2008, Cofi route will invest almost €1.4 billion in the construction of new sections on its intercity network. 34 VINCI 2005 ANNUAL REPORT In view of its very substantial investment programme, Cofi route increased its fi nancing capability by €390 million during the year. Taking advantage of a particularly attractive rate (3.75%), the company launched a bond issue to raise €200 million as an addition to the 2001 issue that matures in 2016. It also obtained a loan of €190 million from the EIB to fi nance the construction of the A28 between Ecommoy and Tours. Between 2004 and 2008, Cofi route will invest almost €1.4 billion in the construction of new sections on its intercity network and €1.2 billion in the construction of the A86 Ouest tunnel completing the ring road around Paris. This investment programme makes Cofi route one of the biggest prime contractors in France. INTERCITY NETWORK. Cofi route’s intercity network consisted of 985 km of motorway in operation at the end of 2005. The current construction programme will bring the network up to 1,091 km in August 2008, representing an increase of 11% over three years. During 2005, Cofi route completed the A28 Alençon-Le Mans-Tours, a total of 134 km, opening the fi nal section between Ecommoy and Tours (57.5 km) in mid-December, more than four months ahead of schedule. This “regional development” motorway aims to boost the economic growth of the area it serves. In addition, the A28 is a key link in the planned Calais-Bayonne motorway route, which will facilitate the movement of people and goods between northern Europe and the Iberian peninsula without transiting via Paris. 100 KM OF NETWORK TO BE COMPLETED BY 2008 (COFIROUTE COFIROUTE NETWORK) NETWORK Nantes - Vieilleville Porte de Rennes Ancenis Ancenis La Gravelle Laval Ouest Saint- Germain- des-Près Mayenne A11 Angers (new 14.3 km section) Under construction (opening end August end August 2008) 2008) A11 Loire-Atlantique 0 10 20 km Saint-Jean-de-Linières Network in service Sections under construction Rouessé-Fontaine interchange Under construction (opening end 2006) Laval Est Maine-et-Loire A81 Vaiges Joué-en- Charnie A11 (ASF) A85 Le Mans Nord Sarthe Beaufort-en-Vallée Vivy-Saumur Longué-Jumelles Brain-sur-Allonne (différé) Bourgueil Orne Alençon Nord Alençon Sud Le Mans Ouest A28 Maresché Montabon Restigné (différé) A85 northern Langeais bypass (18 + 7 km) Under construction (opening end August end August 2007) 2007) A28 Écommoy Neuillé-Pont-Pierre Châtellerault - Châtellerault - Poitiers Sud Sorigny Sainte-Maure- de-Touraine Futuroscope Poitiers Nord A14 A13 A86 Ouest tunnel Under construction between Rueil Rueil Malmaison Malmaison A12 and Versailles(Est 1 opening 1 opening end 2007; end 2007; Est 2 end Est 2009) 2 end 2009) N118 La Ferté- Bernard Tours Nord Langeais Est Druye Monts -Sorigny A10 Monnaie Tours - Centre Esvres Bléré Indre- et-Loire Brou A11 Château-Renault Eure-et-Loir Blois Thivars Parigné-l’Évêque Auvours interchange Under Under construction (opening end 2006) Meung-sur-Loire Mer Chémery Saint-Romain sur-Cher Orléans - Nord Loir-et-Cher Yvelines A10 Saint-Arnoult Ablis Dourdan N104 Chartres A85 Artenay Villefranche- sur-Cher A85 Saint-Romain- sur-Cher - Esvres (44 km) Under construction (opening end January 2008) A85 Esvres-Druye (19 km) Under construction (opening end April 2008) Allainville Allaines A10 Orléans Centre Olivet A71 Essonne Loiret Lamotte-Beuvron Salbris A20 Vierzon - Nord Vierzon - Est Bourges Cher
Top. The opening of the Ecommoy-Tours section on the A28 in December gives motorists 134 km of continuous motorway between Alençon and Tours. Bottom. Visitors can fi nd out all about the northern Angers bypass project on the A11 at the information centre erected on the construction site. In addition to giving the project schedule and traffi c conditions, etc., it explains the measures taken in favour of the environment (wastewater treatment, protecting the botanical gardens, combating noise and dust, waste management and so on). 35
- Page 1 and 2: ANNUAL REPORT 2005
- Page 3 and 4: EUROVIA VINCI CONSTRUCTION KEY 2005
- Page 5 and 6: VINCI, the world’s leading integr
- Page 7: VINCI gains new momentum With the A
- Page 10 and 11: Corporate management structures BOA
- Page 12 and 13: All business lines contributed to t
- Page 14 and 15: Complementary business lines operat
- Page 16 and 17: A growth course set by the concessi
- Page 18 and 19: VINCI share price up 47% in 2005 In
- Page 20 and 21: THE 2006 SHAREHOLDERS’ CALENDAR 1
- Page 22 and 23: 2005 Highlights Bernard Val, Chairm
- Page 24 and 25: 20 VINCI 2005 ANNUAL REPORT
- Page 26 and 27: 22 BUILDING AND MAKING A LONG-TERM
- Page 28 and 29: KEY FIGURES In € millions and as
- Page 30 and 31: VINCI CONCESSIONS WORLDWIDE EUROPE
- Page 32 and 33: Top. ASF and Escota operate a netwo
- Page 34 and 35: CONCESSIONS / ACTIVITÉ ASF recentl
- Page 36 and 37: CONCESSIONS / BUSINESS REPORT 32 VI
- Page 40 and 41: A86 : DISCREET DOWN TO THE FINEST D
- Page 42 and 43: The toll system of the future In Ma
- Page 44 and 45: Top. Some 41,000 vehicles a day tra
- Page 46 and 47: VINCI Park VINCI Park is present in
- Page 48 and 49: 44 VINCI 2005 ANNUAL REPORT and the
- Page 50 and 51: Airport sector VINCI Concessions is
- Page 52: CONSTRUCTION CONCESSIONS CONSTRUCTI
- Page 55 and 56: ENERGY 51
- Page 57 and 58: A leader in energy and information
- Page 59 and 60: Top. For the Munich airport, German
- Page 61 and 62: Acquisitions 16 companies acquired
- Page 63 and 64: Top left. Design and implementation
- Page 65 and 66: VINCI Energies at the Zénith conce
- Page 67 and 68: ÉDITORIAL GRANIOU SUPPORTS NORTEL
- Page 70 and 71: 66 LEADER IN INFRASTRUCTURE CONSTRU
- Page 72 and 73: KEY FIGURES In € millions and as
- Page 74 and 75: EUROVIA / BUSINESS REPORT Brisk gro
- Page 76 and 77: MATERIALS: A STRATEGIC FACILITY IN
- Page 78 and 79: EUROVIA / BUSINESS REPORT NOxer ®
- Page 80 and 81: Top left. Roadworks in the village
- Page 82 and 83: EUROVIA / BUSINESS REPORT Design &
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CONCESSIONS / BUSINESS REPORT<br />
Between<br />
2004 and 2008,<br />
Cofi route will<br />
invest almost<br />
€1.4 billion in<br />
the construction<br />
of new sections<br />
on its intercity<br />
network.<br />
34<br />
<strong>VINCI</strong> <strong>2005</strong> ANNUAL REPORT<br />
In view of its very substantial investment programme, Cofi route increased<br />
its fi nancing capability by €390 million during the year. Taking advantage<br />
of a particularly attractive rate (3.75%), the company launched a bond issue<br />
to raise €200 million as an addition to the 2001 issue that matures in 2016.<br />
It also obtained a loan of €190 million from the EIB to fi nance the construction<br />
of the A28 between Ecommoy and Tours. Between 2004 and 2008, Cofi route<br />
will invest almost €1.4 billion in the construction of new sections on its intercity<br />
network and €1.2 billion in the construction of the A86 Ouest tunnel completing<br />
the ring road around Paris. This investment programme makes Cofi route one<br />
of the biggest prime contractors in France.<br />
INTERCITY NETWORK. Cofi route’s intercity network consisted of 985 km of<br />
motorway in operation at the end of <strong>2005</strong>. The current construction programme<br />
will bring the network up to 1,091 km in August 2008, representing an increase<br />
of 11% over three years.<br />
During <strong>2005</strong>, Cofi route completed the A28 Alençon-Le Mans-Tours, a total<br />
of 134 km, opening the fi nal section between Ecommoy and Tours (57.5 km)<br />
in mid-December, more than four months ahead of schedule. This “regional<br />
development” motorway aims to boost the economic growth of the area<br />
it serves. In addition, the A28 is a key link in the planned Calais-Bayonne<br />
motorway route, which will facilitate the movement of people and goods<br />
between northern Europe and the Iberian peninsula without transiting via<br />
Paris.<br />
100 KM OF NETWORK TO BE COMPLETED BY 2008 (COFIROUTE COFIROUTE NETWORK)<br />
NETWORK<br />
Nantes - Vieilleville<br />
Porte de Rennes<br />
Ancenis<br />
Ancenis<br />
La Gravelle<br />
Laval<br />
Ouest<br />
Saint-<br />
Germain-<br />
des-Près<br />
Mayenne<br />
A11 Angers (new 14.3 km section)<br />
Under construction (opening end August end August 2008) 2008)<br />
A11<br />
Loire-Atlantique<br />
0 10 20 km<br />
Saint-Jean-de-Linières<br />
Network in service<br />
Sections under construction<br />
Rouessé-Fontaine<br />
interchange<br />
Under construction (opening end 2006)<br />
Laval Est<br />
Maine-et-Loire<br />
A81<br />
Vaiges<br />
Joué-en-<br />
Charnie<br />
A11<br />
(ASF)<br />
A85<br />
Le Mans Nord<br />
Sarthe<br />
Beaufort-en-Vallée<br />
Vivy-Saumur<br />
Longué-Jumelles<br />
Brain-sur-Allonne (différé)<br />
Bourgueil<br />
Orne<br />
Alençon Nord<br />
Alençon Sud<br />
Le Mans<br />
Ouest<br />
A28<br />
Maresché<br />
Montabon<br />
Restigné<br />
(différé)<br />
A85 northern<br />
Langeais bypass (18 + 7 km)<br />
Under construction (opening end August end August 2007) 2007)<br />
A28<br />
Écommoy<br />
Neuillé-Pont-Pierre<br />
Châtellerault -<br />
Châtellerault -<br />
Poitiers Sud<br />
Sorigny<br />
Sainte-Maure-<br />
de-Touraine<br />
Futuroscope<br />
Poitiers Nord<br />
A14<br />
A13<br />
A86 Ouest tunnel<br />
Under construction between Rueil Rueil Malmaison Malmaison A12<br />
and Versailles(Est 1 opening 1 opening end 2007; end 2007; Est 2 end Est 2009) 2 end 2009)<br />
N118<br />
La Ferté-<br />
Bernard<br />
Tours Nord<br />
Langeais<br />
Est Druye<br />
Monts -Sorigny<br />
A10<br />
Monnaie<br />
Tours - Centre<br />
Esvres<br />
Bléré<br />
Indre-<br />
et-Loire<br />
Brou<br />
A11<br />
Château-Renault<br />
Eure-et-Loir<br />
Blois<br />
Thivars<br />
Parigné-l’Évêque<br />
Auvours<br />
interchange<br />
Under Under construction (opening end 2006)<br />
Meung-sur-Loire<br />
Mer<br />
Chémery<br />
Saint-Romain<br />
sur-Cher<br />
Orléans - Nord<br />
Loir-et-Cher<br />
Yvelines<br />
A10<br />
Saint-Arnoult<br />
Ablis<br />
Dourdan<br />
N104<br />
Chartres<br />
A85<br />
Artenay<br />
Villefranche-<br />
sur-Cher<br />
A85 Saint-Romain-<br />
sur-Cher -<br />
Esvres (44 km)<br />
Under construction<br />
(opening end January 2008)<br />
A85 Esvres-Druye (19 km)<br />
Under construction (opening end April 2008)<br />
Allainville<br />
Allaines<br />
A10<br />
Orléans Centre<br />
Olivet<br />
A71<br />
Essonne<br />
Loiret<br />
Lamotte-Beuvron<br />
Salbris<br />
A20<br />
Vierzon - Nord<br />
Vierzon - Est<br />
Bourges<br />
Cher
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