M&A Activity • Mar 25, 2015
M&A Activity
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Rueil Malmaison, 25 March 2015
The Welsh Government has awarded Costain/VINCI Joint Venture (50% Costain and 50% VINCI, represented by Taylor Woodrow and VINCI Construction Grands Projets), the first stage of an ECI (Early Contractor Involvement) contract for the M4 Corridor to the south of the city of Newport. This new 24 km long section of motorway includes a 2.5 km long cablestayed viaduct above the river Usk, two key interchanges and 36 structures.
This £750 million project will help deliver government aims to improve infrastructure in Wales by making it more efficient, safer and more sustainable.
Development work will commence immediately, a Public Local Inquiry should get under way about 18 months from now and construction, subject approval by the authorities, could start in spring 2018.
VINCI has significant expertise in complex road works. Examples are the widening of the M1 junctions 25 to 28 carried out in the UK, the East End Crossing in Indiana (United States) currently under construction and the new coastal highway project on Reunion Island, which is just getting under way. It also has substantial expertise in environmental planning and local stakeholder relations (M1 Widening and Bexhill Hastings Link Road in the UK, Tours-Bordeaux high speed rail line and A89 motorway in France).
VINCI is a global player in concessions and construction, employing more than 185, 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.
www.vinci.com
PRESS CONTACT paul-alexis.bouquet Tel.: +33 1 47 1631 82 [email protected]
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