PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: VINCI

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

VINCI Finalises Financing for Isle of Wight Roads PFI Contract in The UK - Island Roads Services, a company owned 50% by VINCI Concessions and 50% by Meridiam Infrastructure, has finalised the financing for the partnership contract to repair and maintain the roads network in the Isle of Wight - VINCI.com
VINCI Finalises Financing for Isle of Wight Roads PFI Contract in The UK

 

NewswireToday - /newswire/ - Rueil-Malmaison, Hauts de Seine, France, 2012/09/26 - Island Roads Services, a company owned 50% by VINCI Concessions and 50% by Meridiam Infrastructure, has finalised the financing for the partnership contract to repair and maintain the roads network in the Isle of Wight - VINCI.com. CAC 40; Euronext 100

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

This is the second private finance initiative (PFI) contract won by VINCI in the urban roads repair and maintenance sector in the United Kingdom, following the London Borough of Hounslow’s.

Awarded by the Isle of Wight Council in May (see press release of 30 May 2012), the 25,5-year contract covers the upgrade, repair and maintenance of 821 km of roads and 767 km of footpaths.

The project represents an initial investment of around £145 million (approximately €180 million). It will be financed by:

• an equity from the project company shareholders around £17 million (approximately €20 million);
• a bank loan of £95 million (approximately €120 million) with a maximum maturity of 24,5 years from BTMU, KfW IPEX, DZ Bank and SMBC;
• a subsidy provided by the concession grantor of £30 million (about €38 million).

The total value of the contract, including repair and maintenance, will be around of £730 million (approximately €920 million). Island Roads Services’ remuneration will be in the form of a fee based on network availability.

Construction, operation and maintenance will be assigned to Ringway, a subsidiary of Eurovia, itself a subsidiary of VINCI. These tasks will start in April 2013.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: VINCI

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


VINCI Finalises Financing for Isle of Wight Roads PFI Contract in The UK

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

VINCI |
Publisher Contact: Maxence Naouri - VINCI.com 
+33(0)1 47 16 31 82 maxence.naouri[.]vinci.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From VINCI / Company Profile


Read Construction/Architecture/Infra Most Recent Related Newswires:

CIMIC's Thiess Extends Operations in Botswana
PCL Construction Wins Five Top Projects Awards
CIMIC Investment, HLG Awarded A$215M Project in Qatar
CIMIC's CPB Contractors Wins Water Treatment Plant
Business of Design Week 2016 Architects Drafting the Future City
CIMIC's Thiess Awarded Contract Expansion & Extension At Melak
Major Step in Unique Engineering Project as Chernobyl Arch Slides into Place
CIMIC’S CPB Contractors Wins Amberley Base Upgrade Project
VINCI Airports, the Caisse Des Dépôts and Crédit Agricole Assurances Finalise the Acquisition of 60% of Aéroports de Lyon
CIMIC Investment, HLG Awarded AED490m Project in Dubai
PCL Construction Recognized for Building One of America’s Top Roads
Nordic PCL Awarded Mixed-Use Ke Kilohana at Ward Village in Honolulu
Test Confirms ePIPE's LeadSmart™ Technology Brings Lead Levels into Compliance with EPA Guidelines
HOCHTIEF Recognized in World’s Largest Climate Protection Ranking with New Award
PCL Constructors Canada, Inc. Opens Up the Doors to The Government Conference Centre Rehabilitation Project

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)