VINCI Bags PPP Contract of B247 Federal Road in Germany
Public body in charge of developing transport infrastructure in Germany DEGES has awarded to VINCI Concessions the public-private partnership contract of the new federal road B247. This road will link the cities of Mühlhausen and Bad Langensalza, in the Land of Thuringia. The 30-year PPP represents a total investment of about €500 million including about EUR 350 million for the construction phase, and covers the design, financing, construction, maintenance and operation of a new 22 km-long federal road. Design and build also include additional 6 km of crossing sections. Income of VINCI Concessions will be based on availability criterion, without any traffic risk (availability payment). The financial closing of the project is expected to occur in September 2021.
As a new and direct connection, the project will improve mobility in North-East Thuringia and ease access to the region’s highway system. It will also increase road safety and improve the quality of life for the local residents by relieving traffic from the existing road that crosses right through the neighboring cities. About 15.000 vehicles per day are expected to take the new road, including around 15 % heavy trucks.
Construction works will last about 4 years and will be carried out by VINCI Construction entities in Germany (Eurovia Deutschland and VINCI Construction Terrassement). The project will recycle and reuse up to 30% of asphalt and 100% of concrete from the existing section.
As the first German federal road ever attributed to a private operator under a PPP scheme, this project keeps increasing VINCI Concessions’ leadership as Germany’s first road concessionaire with 5 PPPs, in synergies with VINCI Construction's local subsidiaries, including Eurovia Deutschland, one of the main local players in the construction of transport infrastructure.