M&A Activity • Nov 4, 2021
M&A Activity
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Rueil Malmaison, 4 November 2021
Surrey County Council has awarded the contract covering maintenance and upgrade of its road infrastructure to Ringway, a VINCI Construction subsidiary based in the UK. This contract encompasses some 560 km (350 miles) of roads and 290 km (180 miles) of pavements in the South West of London.
Ringway will provide major maintenance services and emergency response, plus a variety of upgrading works to improve connections and access to this road network.
The contract, worth £60 million (€71 million) per year, will begin on 27 April 2022 for an initial period of 10 years, with a 11-year extension possibility.
By using vehicles, machinery, equipment and materials that have a lower environmental impact, Ringway will contribute to Surrey County Council's and VINCI's efforts to achieve net zero carbon emissions by 2050.
VINCI is a global player in concessions, construction and energy businesses, employing more than 217,000 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
VINCI will maintain the roads in Surrey
SURREY
CONTRACT WORTH: €710 M
→ Improve the road network for more than 1 million people
→ Lower carbon footprint by using vehicles, machinery and materials with low environmental impact
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