VINCI Construction has secured two contracts worth totalling €417m ($433m) from the Czech Republic’s Ministry of Transport for transport infrastructure projects in the country.
The first project involves the construction of a new section of the ring road to the east of Prague, aimed at reducing traffic congestion within the capital.
The 12.6km stretch of road, designed to alleviate through traffic in Prague, is a joint venture between VINCI Construction’s Czech subsidiaries, Eurovia CZ and Stavby mostů, and the Austrian group PORR.
The €385m project will commence in the first quarter of 2025 and is expected to be completed by 2027.
The construction will include 19 bridges, two tunnels, four level crossings, as well as pedestrian and cyclist bridges, and noise barriers.
In Bohemia’s Česká Třebová, Eurovia CZ leads a consortium tasked with modernising Central Europe’s largest freight station’s rail hub.
This €663m project will also start in the first quarter of 2025 with an anticipated completion date in 2032.
The modernisation will involve refurbishing existing tracks and installing the European Train Control System (ETCS), with materials being transported by rail to minimise environmental impact.
VINCI Construction’s presence in the Czech Republic is established, generating over €1bn in revenue in 2023.
The VINCI Group also operates in the country through VINCI Energies, focusing on electrical infrastructure, and VINCI Concessions, managing the D4 motorway’s public-private partnership contract (Via Salis).
Globally, VINCI engages in concessions, energy, and construction, with a workforce of 280,000 across more than 120 countries. The company is involved in designing, financing, building, and operating infrastructure and facilities that contribute to improved daily life and mobility.
In related news, the Balfour Beatty Vinci joint venture recently completed the initial phase of a bridge for England’s HS2 high-speed railway line.
Additionally, in Australia, VINCI Construction subsidiary Seymour Whyte secured two road infrastructure contracts worth approximately A$340m.
“VINCI Construction secures major Czech transport projects” was originally created and published by World Construction Network, a GlobalData owned brand.
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Publish date : 2024-12-23 07:30:00
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