Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Vinci loses preferred bidder status on £606M Strasbourg job

Construction giant Vinci confirmed yesterday the collapse of a €750M (£606M) concession deal for the A355 western Strasbourg bypass in France, for which it was named preferred bidder in January.

The firm denied abandoning the project, stating that several banks had confirmed financing for the 55-year scheme to design, finance, construct, operate and maintain a new 24km long section of toll motorway.

Vinci subsidiary Vinci Concessions, a design and build joint venture comprising companies from the Group’s three contracting business lines Vinci Construction, Eurovia and Vinci Energies, was informed of its success in January by France’s Ministry for Ecology, Sustainable Development, Transport and Housing.

But it said that the State had now informed it that it had been withdrawn from the process, despite having had an extension of the preferred bidder status beyond 28 May to enable it to secure the last two financial institutions for the scheme.

The works are expected to take 52 months. Operation and maintenance of the section was to be carried out by Vinci Autoroutes and the concession operator’s remuneration is intended to come from the tolls collected.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.