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VINCI SA Wins the Design-Build Contract for the Extension of Ang Mo Kio Metro Station in Singapore

07/28/2021 | 02:30am EDT

Bachy Soletanche Singapore, subsidiary of VINCI Construction, in a joint-venture with Gammon Construction and Engineering, has been awarded the design-build contract for the extension of Ang Mo Kio metro station and the associated tunnels. This station will connect the new Cross Island Line (CRL) and the existing North–South Line (NSL). This project is part of the Cross Island Line Phase 1 (CRL1). The CRL is the eighth line in Singapore’s mass rapid transit system (MRT). This Phase will be 29 km long and have 12 stations, and in due course simplify travel as well as connections between the various rail lines reaching some 100,000 households. This new line will improve access to industrial areas, leisure parks and new business hubs in the city. The contract was awarded by Singapore’s Land Transport Authority and covers construction of: 1 underground station and tunnels; 2 underground pedestrian passages; Addition and alteration (A&A) of the existing Ang Mo Kio station. Works are expected to begin in the fourth quarter of 2021 and the station is due to open in 2030. Bachy Soletanche Singapore, which has been pioneering geotechnical and foundation engineering solutions for more than 50 years, will also team up with Soletanche Bachy International and Bessac, a subsidiary of Soletanche Bachy, specialises in tunnels and microtunnels. Building this new station in a tight urban environment, with challenging ground conditions, will require unique technical expertise. To reduce vibration and control the excavation, the consortium will use innovative equipment including the Hydrofraise® equipped with “grippers”, which in particular limits vibration during hard soil excavation.Bachy Soletanche Singapore is working on other public transport underground infrastructures projects in this country, including construction of the tunnel between Suffolk Walk in Newton and Novena Rise, and three metro stations on the Thomson–East Coast line.

© S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
MSCI SINGAPORE (GDTR) 0.14% 6826.193 Real-time Quote.17.29%
VINCI -0.54% 90.77 Real-time Quote.11.57%
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Sales 2021 48 681 M 56 606 M 56 606 M
Net income 2021 2 414 M 2 807 M 2 807 M
Net Debt 2021 18 684 M 21 725 M 21 725 M
P/E ratio 2021 21,0x
Yield 2021 2,53%
Capitalization 52 129 M 60 636 M 60 615 M
EV / Sales 2021 1,45x
EV / Sales 2022 1,28x
Nbr of Employees 219 400
Free-Float 87,2%
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Mean consensus BUY
Number of Analysts 20
Last Close Price 90,77 €
Average target price 103,21 €
Spread / Average Target 13,7%
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Managers and Directors
Xavier Huillard Chairman & Chief Executive Officer
Christian Labeyrie Chief Financial Officer & Executive Vice President
Robert Castaigne Independent Director
Yannick Assouad Lead Independent Director
Graziella Gavezotti Independent Director
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