VINCI Concessions opens the final section of the new M11 motorway between Moscow and Saint Petersburg
27 Novembre 2019 - 5:45PM
VINCI Concessions opens the final section of the new M11 motorway
between Moscow and Saint Petersburg
Rueil Malmaison, 27 November 2019
VINCI Concessions opens the final section
of the new M11 motorway between Moscow and Saint
Petersburg
- Moscow linked with Saint Petersburg by motorway in five
and a half hours
- A €1.6 billion investment under a 27-year PPP* to cover
construction of Sections 7 and 8
- Strengthened Russian transport network safety and
connectivity
The final section (Section 8) of the new Moscow
– Saint Petersburg (M11) motorway was officially opened on 27
November 2019 at a ceremony presided over by Vladimir Putin,
President of the Russian Federation, and attended by Yves-Thibault
de Silguy, Vice-Chairman of the Board of Directors, VINCI and
Nicolas Notebaert, Chief Executive Officer, VINCI
Concessions.
The 34 km highway corridor links Tosno, in the
Leningrad Region, with the Saint Petersburg ring road. In September
2019, VINCI Concessions and its partners handed over Section 7 of
the M11, with a length of 103 km, between the cities of Velikiy
Novgorod and Tosno, south of Saint Petersburg.
Sections 7 and 8 were designed, financed and
delivered and will be operated until 2041 by VINCI Concessions
(40% of the concession company) and its partners under an
availability payment PPP (without traffic risk) signed with
Avtodor, the State Company that operates Russia’s motorways. The
investment amounts to €1.6 billion, including €800 million in
public capital support. The two sections comprise a total of 62
bridges and overpasses, 12 service areas and 4 toll stations.
The construction phase was completed in four
years despite very harsh weather conditions and a large number of
technical challenges to be addressed. Special attention was paid to
protecting the environment, with construction of crossings for
large wildlife species to ensure ecological continuity.
The new 669 km M11 motorway provides a safe and
reliable highway link between Moscow and Saint Petersburg. It
cuts the journey time from nine hours via the alternative M10
highway to about five and a half hours. In addition, it better
integrates the Russian motorways into the international transport
system, particularly in Northern Europe.
VINCI Concessions also holds the concession for
the first section of the M11 motorway (handed over in 2014), which
links the Moscow ring road with Sheremetyevo Airport. VINCI
Concessions is now the leading private sector motorway operator in
Russia, with about 950 km of motorways under management and more
than 2,000 employees.
Nicolas Notebaert, Chief Executive Officer of
VINCI Concessions, said, "We are very proud to be partners of a
project on this scale. This new motorway between Moscow and Saint
Petersburg will help to very significantly improve mobility in
Russia. We will continue to build on our experience and our
positive track record in Russia to provide Russian motorists with
outstanding service focused on performance and safety."
*PPP: Public Private Partnership
About VINCI Concessions
VINCI Concessions is an international leader in
airport, motorway and railway concessions, and operating in 20
countries. We leverage our integrated concession and construction
model, along with our expertise in design, financing, programme
management, operation and maintenance, to serve awarding
authorities and partners for the long term, by delivering
high-profile assets and growth on each of the projects they entrust
us with. Our 17,000 employees are committed to the highest
standards of excellence and to providing our customers with
unsurpassed services on all the infrastructure we operate.
www.vinci-concessions.com
About VINCI
VINCI is a global player in concessions and
contracting, employing over 210,000 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. www.vinci.com
This press release is an official information
document of the VINCI GroupPRESS CONTACT VINCI Press Department
Tel: +33 (0)1 47 16 31 82 media.relations@vinci.com
Vinci (BIT:DG)
Graphique Historique de l'Action
De Mar 2024 à Avr 2024
Vinci (BIT:DG)
Graphique Historique de l'Action
De Avr 2023 à Avr 2024