Agency / Source: VINCI

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

VINCI Highways Completes the Financial Arrangements for the A7 Motorway Public-private Partnership (A-Modell*) in Germany - VINCI Concessions subsidiary VINCI Highways recently completed the financial arrangements for the A7 motorway public-private partnership (A-Modell*) covering a 60 km section between the Bockenem and Göttingen interchanges in Germany
VINCI Highways Completes the Financial Arrangements for the A7 Motorway Public-private Partnership (A-Modell*) in Germany

 

PRZOOM - /newswire/ - Rueil-Malmaison, Hauts-de-Seine, France, 2017/04/12 - VINCI Concessions subsidiary VINCI Highways recently completed the financial arrangements for the A7 motorway public-private partnership (A-Modell*) covering a 60 km section between the Bockenem and Göttingen interchanges in Germany. CAC 40; Euronext 100

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• A 30-year public-private partnership agreement with the German federal government;
• A €441 million investment to operate a 60 km section and widen a 29.2 km section;
• A new project bolstering VINCI’s position as Germany’s leading motorway concession company.

Total financing amounts to €441 million, and encompasses two long-term and two short-term tranches. The European Investment Bank, CaixaBank, Development Bank of Japan (DBJ), DZ Bank and KfW IPEX-Bank underwrote the debt, and the arrangement includes a €126 million grant from the federal government.

This financial arrangement follows the decision by the federal government, represented by the Lower Saxony authorities, to award the contract for the A7 project to a consortium led by VINCI Concessions and also comprising Meridiam Infrastructure, in February 2017. The contract will take effect on 1 May 2017.

This 30-year A-Modell contract covers financing, design, programme management (upgrade and widening works), operation and maintenance of the A7. The works involve entirely replacing a 29.2 km section with a new motorway (three lanes each way) while keeping the existing route open to traffic throughout this phase.

A consortium led by Eurovia, the VINCI subsidiary specialised in transport infrastructure construction and urban development projects, and including Stutz and Rhode, two local companies, will take about three and a half years to complete the works.

This new contract is bolstering VINCI Highways’ leadership in Germany’s motorway public-private partnership market, which it has built on the back of its technical expertise and outstanding cooperation with the federal government and local authorities. The A7 should meet the world’s highest quality and safety standards amid sharp traffic growth.

The A7 is VINCI Highways’ fourth public-private partnership contract won in Germany, where the company now operates a 220 km network. VINCI Concessions is also a shareholder in Toll Collect, which installed and now operates the satellite-based toll collection system for heavy goods vehicles covering Germany’s motorway network.

The VINCI Group is active in Germany in all of its businesses. In this country, it employs more than 13,000 people and generated €2.7 billion in revenue in 2016.

• The A-Modell is a German contractual framework for financing renovation and widening of existing motorways and construction of new sections under concessions to the private sector. The concession company is paid fees based on infrastructure availability. This mechanism thereby provides incentives for concession companies to optimise renovation, widening and maintenance works, i.e. minimise their impact on traffic.

About VINCI Highways
With operations in 13 countries, VINCI Concessions (vinci-concessions.com) subsidiary VINCI Highways is financing, building and operating road and motorway infrastructure assets and toll collection solutions in conjunction with local partners. VINCI Highways’ network spans over 3,100 km worldwide, including almost 1,900 km of roads and motorways under construction or undergoing upgrades, and treats almost 2 million users to best-in-class quality and safety standards day after day.

About VINCI
VINCI (vinci.com) is a global player in concessions and construction, employing more than 183,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction / Architecture / Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: VINCI

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction / Architecture / Infra articles,
CATCH Visitors via Your Competitors Announcements!


VINCI Highways Completes the Financial Arrangements for the A7 Motorway Public-private Partnership (A-Modell*) in Germany

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
VINCI Concessions | A7 Motorway
Contact: Paul-Alexis Bouquet - VINCI.com 
+33(0)1 47 16 35 00 paul-alexis.bouquet[.]vinci.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

Construction / Architecture / Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From VINCI / Company Profile


Read Construction / Architecture / Infra Most Recent Related Press Releases:

PCL Construction Signs Enterprise Agreement with Sensera Systems for Intelligent Site Monitoring
Excool Lauded by Frost & Sullivan for Leading the Global Data Center Cooling Industry with Innovative and Advanced Data Center Cooling Technologies
Caterpillar to Launch Demonstration Project Using Hydrogen Fuel Cell Technology for Backup Power At Microsoft Data Center
VINCI Construction Signs an Agreement to Acquire a Group of Public Works Contractors in Canada from Northern Group of Companies
VINCI to Build the Operation and Maintenance Centre for Line 18 of the Grand Paris Express in Palaiseau (South of Paris)
VINCI Wins Contract to Build A Storm Sewer in Toronto, Canada
VINCI Awarded the Port Rail Transformation Project in Melbourne (Australia)
Ventia Wins Defence Force Engineering Support Contract
Veteran Owned Business Brings Global Construction Experience to East Tennessee
CIMIC's CPB Contractors Secures ECE for New Dunedin Hospital

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  BizJobs.com

Visit  Limelon Advertising, Co.

Visit  JobsWare.com







 
  ©2022 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today