PRZOOM - /newswire/ -
Rueil-Malmaison, Val de Marne, France, 2011/08/04 - The consortium comprising VINCI Concessions (leader), BAM PPP and construction company Reinhold Meister, has been awarded the A-Modell contract for a section of the A9 motorway linking Berlin and Munich by the German government. CAC 40; Euronext 100
- 20-year public-private partnership contract.
- Total investment of about €210 million.
The consortium comprising VINCI Concessions (leader), BAM PPP and construction company Reinhold Meister, has been awarded the A-Modell contract for a section of the A9 motorway linking Berlin and Munich by the German government, represented by the Thuringian authority and DEGES, which is in charge of developing transport infrastructure in Eastern Germany.
The contract covers the financing, design, widening and refurbishment of a 46.5 km section, followed by its operation and maintenance for 20 years. It represents a total investment in the order of €210 million.
The works, scheduled to take approximately three years, will be executed by a construction consortium led by Eurovia and including Royal BAM subsidiary Wayss & Freytag and Reinhold Meister. They consist mainly of refurbishing 46.5 km of the motorway section located between the Lederhose interchange and the border between Thuringia and Bavaria, as well as widening 19 km to three-lane dual carriageway.
This is the first A-Modell partnership contract in Germany that includes no traffic risk. The concession company will be paid a fee calculated on the basis of the motorway’s availability to traffic.
The project combines VINCI Concessions’ expertise in design, project financing and overall management of transport infrastructure with Eurovia’s longstanding experience in Germany, where it has become one of the major players in road construction and maintenance.
This is the third A-Modell contract won by VINCI. The first, in 2007, was for a 45 km section on the A4 in Thuringia between the cities of Gotha and Eisenach, which was opened to traffic in September 2010; the second, in 2008, was for a 60 km section of the A5 between the cities of Offenburg and Karlsruhe in Baden-Württemberg. The works included in that contract are scheduled for completion in 2013. The new contract strengthens the VINCI Group’s presence in Germany, where it generated revenue of over €1.8 billion in 2010 and has more than 10,000 employees.