VINCI - 2005 annual report

EUROVIA / BUSINESS REPORT
Design & build contract
Following a call for tender, the design & build
contract awards the design and construction
of a project to a consortium that is typically
made up of a civil engineering company and
a design offi ce. This type of contract is rapidly
gaining ground, especially in the United States
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VINCI 2005 ANNUAL REPORT
North and South America
IN THE UNITED STATES, the reorganisation of Blythe, the Eurovia subsidiary
operating in North and South Carolina, and the introduction of a more selective
order-taking policy resulted in a revenue contraction (-4.2% at constant exchange
rate, to €327 million) together with a recovery in earnings. Blythe acquired
two coating plants with a capacity of 600,000 tonnes per year to become
the leading regional asphalt mix producer capable of supplying its own projects
as well as those of other operators in the sector. In 2005, the company handed
over the 13 km I-85 interstate project near Charlotte, N.C. fi ve months ahead
of schedule, and then won a second-phase design & build contract. contract In Florida,
where Eurovia also has U.S. operations through its subsidiary Hubbard, the focus
in 2005 was on major motorway maintenance projects (I-95, SR 408, etc.),
also carried out under design & build contracts.
IN QUEBEC, DJL again recorded an increase in revenue (+10.4%
to €107 million) and maintained a high level of earnings thanks to its strong
roots on its market and to the diversity of its offering: roadworks projects,
urban development and winter maintenance contracts. DJL acquired the assets
of the Continental company, boosting its annual production capacity by
500,000 tonnes of aggregates and 200,000 tonnes of asphalt mix.
IN CHILE, Eurovia’s business activity continued its strong growth (+8.4% at
constant structure to €53 million).