Vinci wins €500m German road contract
By Mike Hayes26 July 2021
Construction and concessions firm will deliver Germany’s first ever PPP-built federal road
Vinci has been awarded a contract to build the B247 highway in Germany.
In the first public private partnership (PPP) contract ever awarded on a federal road project, Vinci Construction will build the 22km-long road, with Vinci Concessions responsible for its operation and maintenance for a 30-year period.
The construction phase of the project – located in the centrally-located state of Thuringia – with a total investment of approximately €350 million, including an additional 6km of crossing sections.
Vinci says construction work will continue for some four years, and be undertaken by its subsidiary companies Eurovia Deutschland and Vinci Construction Terrassement.
The company adds that the road construction will include 30% recycled and reused asphalt and 100% recycled concrete, which will be taken from the existing section.
The new contract is the fifth PPP project won by Vinci in Germany, which now employs more than 15,000 in the country.