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    DG   FR0000125486

VINCI

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Real-time Euronext Paris  -  11:35 2022-09-23 am EDT
84.26 EUR   -3.87%
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VINCI to carry out a motorway construction project in Sydney

05/09/2022 | 11:46am EDT

Nanterre, 9 May 2022

VINCI to carry out a motorway construction project in Sydney

  • Construction of a 7.5km section of the new M12 motorway
  • Key environmental construction initiatives
  • A AUD 373 million (€255 million) contract

Seymour Whyte, a VINCI Construction subsidiary in Australia, has been selected by the NSW Government to build the central section of the new M12 motorway linking the future Western Sydney International (Nancy-Bird Walton) Airport to the motorway network in the Sydney area. More than 52,000 vehicles a day are expected on this new road infrastructure.

The contract, worth approximately AUD 373 million (€255 million), includes the construction of 7.5km of 2x2 lanes, 11 bridges, cycle and pedestrian paths, networks, Intelligent Transport Systems (ITS) and green spaces.

Seymour Whyte is targeting an "Excellent" sustainability rating from the Australian Infrastructure Sustainability Council, thanks to the reusing or recycling of 95% of the excavated material, 40% of recycled aggregates for the sub-base layers and the minimisation water use on the site.

The construction site, which will create 760 jobs, providing opportunities for young workers, trainees, First Nations People and people from sectors affected by the Covid-19 health crisis.

Work is expected to start by mid-2022 and be completed by the end of 2025 before the opening of Western Sydney International Airport in 2026. Seymour Whyte is also delivering the Western Sydney Airport’s landside civil and building works, including the integration of the new M12 motorway and the airport's two metro stations.

About VINCI

VINCI is a global player in concessions, energy and construction businesses, employing more than 260,000 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, we are committed to operating in an environmentally, socially responsible and ethical 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. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. www.vinci.com

This press release is an official information document of the VINCI Group.  

PRESS CONTACT
VINCI Press Department
Tel: +33 (0)1 57 98 62 90
media.relations@vinci.com

Attachment


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Financials
Sales 2022 58 842 M 57 212 M 57 212 M
Net income 2022 4 015 M 3 904 M 3 904 M
Net Debt 2022 18 571 M 18 057 M 18 057 M
P/E ratio 2022 12,2x
Yield 2022 4,43%
Capitalization 47 553 M 46 235 M 46 235 M
EV / Sales 2022 1,12x
EV / Sales 2023 1,05x
Nbr of Employees 218 569
Free-Float 84,7%
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Number of Analysts 20
Last Close Price 84,26 €
Average target price 112,70 €
Spread / Average Target 33,8%
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Managers and Directors
Xavier Huillard Deputy General Manager & Senior EVP
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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