VINCI and the City of Le Mans sign the concession contract for the new Le Mans stadium, the MMArena

27 June 2008 - Projects update and handover - France

- This is the first stadium concession contract signed since the Stade de France, which celebrates its 10th anniversary this year, for which VINCI is the concession-holder
- An innovation for this PPP - "naming rights"

The City of Le Mans and LE MANS STADIUM (LMS), subsidiary of VINCI Concessions, sign the concession contract today for the future stadium, the "MMArena”.
The 35-year concession contract includes the design, financing, construction, operation, maintenance and upkeep of the stadium.

The contract, for a total investment of €100 million, includes the building of a 25,000-seater stadium, including almost 2,000 "privilege" seats and 250 seats in private boxes. The complex will include some 3,500 sq.m of reception areas, a panoramic restaurant and a fitness centre. LE MANS STADIUM will operate and maintain the complex for the duration of the concession contract. In addition, the infrastructure will include a hotel that will be incorporated into the football stadium’s sporting and business plans.

Payment for the concession-holder will be based on sales from events organised there (football matches, sporting events, concerts, conventions, etc.).
The resident club (MUC 72), the main and priority user of the MMArena, will pay fees including a fixed amount and a variable part based on attendance. The Stade du Mans will be the first in France to be given a company name (MMA) in return for a financial participation. Finally, the City of Le Mans is to pay an investment subsidy and an annual flat rate operating subsidy.

The construction work, over a period of 26 months, along with the stadium maintenance, will be carried out by subsidiaries of VINCI Construction France.
The stadium will be commissioned for the opening of the 2010-2011 season of the French football championship.

This new project kicks off a programme to produce new sports facilities in France. It illustrates VINCI's capacity to put together solutions suited to the needs of local authorities for the financing, design, construction, maintenance and operation of their infrastructures.

 

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.