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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Vinci    DG   FR0000125486

VINCI

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VINCI: VINCI Construction wins a Design-Construction contract for the City Rail Link Project in Auckland, New Zealand

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07/19/2019 | 02:31am EST

Rueil Malmaison, 19 July 2019

VINCI Construction wins a Design-Construction contract for the City Rail Link Project in Auckland, New Zealand

  • Contract worth 1,658 million New Zealand dollars, or approximately 970 million euros
  • 3.45 km of railway, including 3.2 km of tunnel and three new stations, two of which are underground
  • Package 3 of the City Rail Link project

             
             
The Link Alliance, which includes VINCI Construction subsidiaries VINCI Construction Grands Projets (main contractor) and Soletanche Bachy International, along with their partner Downer and designers Aecom, WSP-Opus, and Tonkin & Taylor, has today signed the Design-Construction Alliance contract for Package 3 of the City Rail Link project in New Zealand.

The contract, worth 1,658 million New Zealand dollars or approximately 970 million euros, is for the design and construction of 3.45 km of extension of a train line, including 3.2 km of tunnel, to link the existing Britomart station to the existing Mount Eden station. Along that line, three new stations will be built, two of which are underground. The tunnels will be made using an earth pressure tunnel boring machine with a diameter of 7.18 m.

The signed contract is an “Alliance” type, meaning the designer-constructor consortium and the client, City Rail Link Limited, can create a single and integrated team to deliver the project to Auckland residents in 2024.

For a total cost of 4.419 billion New Zealand dollars, or 2.586 billion euros, the City Rail Link project is expected to double the number of people who can reach downtown Auckland in under 30 minutes. This new train line has been designed to accommodate 54,000 passengers per hour at peak travel times, which is the equivalent of two double four-lane motorways.

With this contract, VINCI Construction once again demonstrates its ability to support urban centres in designing and constructing large urban mobility and public transport projects, as it does in France, Hong Kong, Singapore, Doha, and more recently, Virginia (USA), and Ottawa (Canada), with the design-construction contract for the LRT.

PRESS CONTACT
VINCI Press department
Tel.: +33 1 47 16 31 82
Media.relations@vinci.com

About VINCI Construction

VINCI Construction, a global player and European leader, is active on five continents, with more than 70,000 employees and 700 companies generating revenue of €14.2 billion in 2018. Structured according to an integrated model, the company has the capacity to intervene over the entire life cycle of a structure (finance, design, construction, maintenance) in eight sectors: buildings, functional structures, transport infrastructure, hydraulic engineering, renewable and nuclear energy, the environment, oil and gas sector, and mines.
www.vinci-construction.com

About VINCI
VINCI is a global player in concessions and contracting, employing more than 210.000 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. VINCI’s goal is to create long-term value for its customers, shareholders, employees and partners, and for society at large. www.vinci.com

 

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Sales 2019 47 005 M
EBIT 2019 5 557 M
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Yield 2019 2,92%
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