VINCI Concessions has won a 30-year public-private partnership (P3) contract pertaining to the new federal road, B247, which will connect two cities in Germany.
The contract covers the design, financing, construction, maintenance and operation of a new 22 kilometer-long (13.6-mile) federal road. In addition, the design and build includes 6 kilometers (3.7 miles) of crossing sections. Construction works will last about four years and will be carried out by VINCI Construction entities in Germany.
The P3 represents a total investment of €500 million ($588 million), including about €350 million ($411 million) for the construction phase. The financial closing of the project is expected to occur in September.
VINCI Concessions, an international player in transport infrastructure, designs, finances, builds, operates and maintains some 80 airports, motorways and rail projects in 24 countries, through its subsidiaries VINCI Airports, VINCI Highways and VINCI Railways
