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VINCI Signs Partnership Contract for Martinique’s Bus Rapid Transit System - INCI Concessions subsidiary Caraibus has signed a 22-year partnership contract with Martinique’s transit authority
VINCI Signs Partnership Contract for Martinique’s Bus Rapid Transit System

 

NewswireToday - /newswire/ - Rueil-Malmaison, Hauts-de-Seine, France, 2013/11/25 - INCI Concessions subsidiary Caraibus has signed a 22-year partnership contract with Martinique’s transit authority. CAC 40; Euronext 100

   
 
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• a 22-year partnership contract;
• total investment of €98.6 million.

VINCI Concessions subsidiary Caraibus has signed a 22-year partnership contract with Martinique’s transit authority (SMTCSP) covering:

• the financing, design, construction of structures (including stations, Mahault and Carrère multimodal transport hubs, and the maintenance centre), maintenance and repair of all the structures and equipment;
• the financing, design and manufacture of the buses and their on-board systems.

The project calls for a total investment of €98.6 million, comprising an €18.4 million contribution from SMTCSP, equity of €5.6 million and financing totalling €74.6 million, which will come 50/50 from the Agence Française de Développement (French Development Agency) and the Direction des Fonds d'Epargne (savings fund department of the Caisse des Dépôts) when the system is commissioned.

Caraibus will receive fees for each of the services it provides.

Eurovia and VINCI Construction, through their subsidiaries Caraib Moter and SOGEA Martinique respectively, will design and build the bus rapid transit system within 23 months; the 24-metre BRT buses will be designed and built by Van Hool.

Caraibus Maintenance, a VINCI Concessions subsidiary, will be responsible for light and heavy maintenance.

About VINCI

VINCI (vinci.com) is a global player in concessions and construction, employing close to 194,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. In Belgium and the Netherlands, VINCI is operating through the following subsidiaries: CFE, VINCI Construction Grand Projets, Advitam, Soletanche Freyssinet, Eurovia, VINCI Energies, VINCI Concessions and VINCI Park.

 
 
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Written by / Agency / Source: VINCI

 
 

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VINCI Signs Partnership Contract for Martinique’s Bus Rapid Transit System

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Caraibus SMTCSP | VINCI
Publisher Contact: Maxence Naouri - VINCI.com 
+33(0)1 47 16 31 82 maxence.naouri[.]vinci.com
 
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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.

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