Yahoo Finance VINCI : VINCI Construction Terrassement wins a contract in the construction of the new high-speed rail line linking Stuttgart to Ulm in Germany
Rueil-Malmaison, 22 March 2018
VINCI Construction Terrassement wins a contract in the construction of the new high-speed rail line linking Stuttgart to Ulm in Germany
5.4 km of earthworks and drainage
7.5 km of siding
8,500 square meters of noise barriers
€55 million contract
Government-owned rail company Deutsche Bahn awarded work project 1.4 to VINCI Construction Terrassement for the high-speed rail line that will connect Stuttgart, the capital of Baden-Württemberg, to Ulm, in Germany.
[]The €55 million contract involves building the section of railway between Stuttgart Airport and the city of Wendlingen. Works include 5.4 km of earthworks and drainage, 7.5 km of siding and 8,500 square meters of noise barriers. The section will take 24 months to build and employ 100 people.
The contract comes under one of the biggest worksites currently under way in Germany, Stuttgart 21. This railway and urban development project is designed to relieve traffic congestion and upgrade the railway junction in Stuttgart (access and lines), by turning the city`s existing infrastructure into an underground pass-through train station.
The project`s broader, long-term implications include it as part of the Magistrale for Europe plans to build a high-speed rail link between Paris and Budapest.
Germany is the VINCI Group`s largest market outside France, with revenue of about €2,7 billion in 2017 and more than 14,000 employees working for the local VINCI Concessions, VINCI Energies and Eurovia subsidiaries. In January 2018, VINCI Energies won a contract to restructure, expand and manage four schools in Cologne under a public private partnership.
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About VINCI Construction Terrassement
VINCI Construction Terrassement integrates the whole trades contributing to the realization of transport or water infrastructure, environmental arrangements and industrial sites.
VINCI Construction Terrassement carries out major projects in France and internationally, as well as regional operations in France via its network of 18 agencies and subsidiaries. The company employs 1,504 staff, and in 2017 generated a turnover of €410m.
About VINCI
VINCI is a global player in concessions and contracting, employing close to 195,000 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.
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Source: VINCI via GlobeNewswire
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