VINCI Energies wins a contract to restructure, expand and manage four schools in Germany under a public private partnership

2 January 2018 - 5:45 pm - New contracts - Germany

- A 29-year public private partnership contract
- A contract with a total value of €163.5 million

The City of Cologne has awarded a contract to restructure and expand four schools and manage them for a period of 29 years to VINCI Facilities SKE, the German subsidiary of VINCI Energies. The contract took effect on 1 January 2018.

The value of the PPP contract is €163.5 million. It covers renovation of a number of landmark buildings, construction of new buildings and facility management services: maintenance of the premises and outdoor spaces, security and energy consumption management.

The schools, which together accommodate 2,900 students and 230 teachers, are located in the Mülheim district (Elly Heuss Knapp Realschule and Ferdinand Lassalle Realschule) and in the Ossendorf (Catholic Elementary School) and Weiden (Georg Büchner Gymnasium) neighbourhoods of Cologne.

Of the nearly €2 billion total revenue generated by VINCI Energies in Germany, the facility management sector accounted for more than €300 million in 2017.

To date, VINCI Facilities SKE has carried out 15 projects under PPP contracts.

Germany is the VINCI Group's largest market outside France, with revenue of about €2.7 billion in 2016 and more than 13,000 employees working for the local VINCI Concessions, VINCI Energies and Eurovia subsidiaries.

In April 2017, VINCI notably finalised the financial structuring of an A-Modell public private partnership contract covering the restructuring of the A7 motorway.

 

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About VINCI Energies
In a world undergoing constant change, VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the rollout of new technologies and support two major changes: the digital transformation and the energy transition. With their strong regional roots and agile organisational structure, VINCI Energies’ business units boost the reliability, safety and efficiency of energy, transport and communication infrastructure, factories and buildings.
2016: €10.2 billion revenue // 64,500 employees // 1,600 business units // 52 countries.
www.vinci-energies.com

 

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.