VINCI renews road maintenance and improvement contract in Milton Keynes in the UK

27 May 2024 - 7:00 pm - Acquisitions - United Kingdom

◼ Improving roads and public spaces for Milton Keynes city in Buckinghamshire
◼ A contract worth around €230 million (£200 million) over eight years with a potential four-year extension

The city of Milton Keynes, located in Buckinghamshire, has again awarded the contract to maintain and improve its road infrastructure to Ringway, a VINCI Construction subsidiary in the UK.

 

This new contract will run from September 2024 for an initial period of eight years, with two possible extension periods of two years each.

 

Worth around €29 million (approximately £25 million) a year, it will include all routine and seasonal road maintenance, safety inspections, emergency response and a variety of road improvements.

 

Ringway has been responsible for maintaining the town's 1,100 km of carriageways and 1,800 km of footways since 2014.

 

Ringway's long-term maintenance contracts cover more than 43,000 km of roads and 600,000 road equipment assets in villages, towns and cities in the United Kingdom.

 

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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.