VINCI about to start work on construction of a regasification terminal in the Netherlands

29 January 2008 - Projects update and handover - The Netherlands

VINCI Construction Grands Projets and Entrepose Contracting, filiales de VINCI, which are members of a consortium with Techint (Italy) and Sener (Spain), have just received instructions to begin work on construction of the regasification terminal in the port of Rotterdam in the Netherlands for Gate Terminal BV.

The contract, representing a total investment of €800 million, comprises the construction of a regasification plant, a methane carrier unloading jetty and three storage tanks. It was signed on 19 July 2007 and work is scheduled for completion in September 2011.

Under the contract, VINCI Construction Grands Projets and Entrepose Contracting will design and build the three liquefied natural gas storage tanks with a capacity 180,000 cubic metres each.

VINCI Construction Grands Projets and Entrepose Contracting possess acknowledged and complementary expertise in the construction of liquefied natural gas storage tanks. Together or separately they have already built more than 30 tanks in 9 countries over the past 20 years. This business success illustrates the potential for synergies between VINCI Construction Grands Projets and Entrepose Contracting, in which VINCI now holds 77.24% of the capital.

 

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.