VINCI wins a new contract for Nottingham’s tram system

15 December 2011 - New contracts - United Kingdom

Nottingham City Council has today announced that the Nottingham Express Transit (NET) Phase Two contract to provide two new lines expanding the city’s existing tram network by 17.5 km has been awarded to the Tramlink Nottingham consortium.

The consortium includes VINCI Investments (a UK subsidiary of VINCI PLC responsible for the development and investment in concession contracts), Alstom, Keolis and Wellglade (owners of local bus operator Trent Barton) with 12.5% each, as well as Meridiam (30%) and OFI Infravia (20%) as financial investors.

It will immediately take over the operation of the existing Nottingham Express Transit (NET) Line One which has been running since 2004.

After an extensive tender period, Tramlink Nottingham was selected as preferred bidder in March 2011 and has now finalised the details of the 23-year concession contract. The construction phase, scheduled to start in 2012, will be carried out by Taylor Woodrow, the civil engineering division of VINCI Construction UK.

NET Phase Two is a £570 million project (with a 50% share of construction for VINCI Construction UK) and is scheduled to be fully operational by the end of 2014. It will be funded through a combination of tram fare revenue and a Private Finance Initiative (PFI) arrangement over the life of the concession.

 

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.