UK contract and resumption of motorway traffic for Vinci

  •   18/06/2021 - 07h11
  •   HARMANT Adeline

Two important announcements were made by the Vinci group yesterday and this morning with, firstly, the publication of the traffic figures for the month of May, which are back to pre-pandemic levels, giving rise to hopes of a recovery in profits and, secondly, the signing of a contract worth almost 500 million euros in the United Kingdom.first, the publication of traffic figures for the month of May, which are back to pre-pandemic levels, giving rise to hopes of a recovery in profits, and second, the signing of a contract worth close to 500 million euros in the United Kingdom. Here are the explanations and details of these two announcements.

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UK contract and resumption of motorway traffic for Vinci

A recovery in motorway traffic during the month of May:

The first interesting announcement was published yesterday by the French group. Indeed, the company published the figures concerning the motorway and airport traffic of May with good news.

Thus and in this release, the Vinci group announced that the passenger traffic of Vinci Airports has decreased by 80.4% between May 2019 and May 2021. Another piece of data on this subject, the press release also states that airport commercial movements also recorded a clear decline of around 63.5% between the month of May 2019 and May 2021.

But the good news comes from the figures for motorway traffic. Indeed, the evolution is here better than expected since the motorway traffic increased by 125% between May 2020 and May 2021 with in particular an increase of light vehicles traffic of the order of 161% but also of heavy goods vehicles with an increase of 26%.

Although the traffic trend remains very slightly negative between May 2019 and May 2021 with a drop of 1.6%, this recovery allows Vinci to return to a level of activity close to that of before the Covid-19 pandemic.

 

A major contract won by Vinci in the UK:

Another major event for the group was communicated this morning by Vinci. Indeed, a press release published this morning evoking the signature of a contract won by Vinci Facilities UK over a period of 7 years. This contract concerns the maintenance of a total of 59 sites, including 6,200 buildings and infrastructures located in the south-east of the country.

This contract, which has just been won by the British subsidiary of Vinci Construction after a call for tenders, is worth a total of €491 million and concerns the management, maintenance and equipment work on the buildings of the British Ministry of Defence. This was announced by the French construction giant in a press release.

In detail, this contract will be spread over a period of 7 years for the maintenance of the buildings and sites mentioned above but will not necessarily stop at this service.

Indeed, this contract could also be completed by a works programme worth €850 million and includes a three-year extension option, as Vinci states. The latter indicates that this contract will enable the creation of more than 800 million direct and indirect jobs.