VINCI wins first Public-Private Partnership (PPP) in France for the construction of a secondary school

29 June 2006 - Projects update and handover - France

The Loiret council (Conseil général du Loiret) has awarded the financing, construction and maintenance of a new secondary school in Villemandeur to Sogea Nord-Ouest, a VINCI Construction subsidiary, in conjunction with Auxifip of the Crédit Agricole group. The school will have 550 students, including 40 boarders.

Sogea Nord-Ouest will be in charge of building operation and maintenance, as well as services such as security, cleaning, waste management, the upkeep of gardens and management of fluids, for a period of 10 years.

Under the terms of the public-private partnership contract, worth €13 million, the new school will be delivered for the start of the 2007-2008 academic year and made available to the council for the period of the contract, after which ownership will be transferred to the council.

This is the first time in France that a local public school will be financed, built and operated within the framework of the 17 June 2004 government edict on public-private partnerships.

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 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, we are committed to operating in an environmentally, socially responsible and ethical 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. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.