VINCI wins a road service contract in Scotland

16 July 2014 - 6:55 pm - New contracts - United Kingdom

- Six-year contract, can be extended two years
- Total contract value at least £144 million (about €180 million)

BEAR Scotland, a Eurovia (VINCI subsidiary), Jacobs and Breedon Aggregates joint venture, has been appointed by Transport Scotland to manage and maintain Scotland’s North East Trunk Roads Unit (613 miles of trunk roads).

The contract will start in August 2014 and run until August 2020 with a possible two-year extension. BEAR Scotland will receive annual remuneration of some £24 million (about €30 million).

With this new contract, BEAR Scotland will now operate and maintain 60% of Scotland's trunk roads, consolidating its position as the leading private-sector roads operator in Scotland.

Multi-year service contracts currently account for 60% of Eurovia's business activity in the United Kingdom. Over the past two decades the company has acquired substantial experience and built a sound track record in its work for local authorities and the British administration.

 

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.