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NewswireTODAY - /newswire/ -
Rueil-Malmaison, Hauts-de-Seine, France, 2024/03/11 - As part of the programme to transform and upgrade its French railway network, SNCF Réseau has awarded to VINCI Construction through its subsidiary ETF work package 4 of the industrial regeneration contract - SNCF-Reseau.com / ETF.fr / VINCI.com. CAC 40; Euronext 100
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• Renewal of 800 km of track in the French railway network;
• A 7-year contract including two years of optional works;
• A contract worth around €700 million.
The contract, which is worth €700 million based on economic conditions in July 2023 covers upgrading over 800 km of track and ballast throughout France by the end of 2030. This infrastructure regeneration project will help improve the regularity and increase the frequency of train movements.
The works will be carried out using several mobile factory trains to regenerate tracks at an industrial pace using the fast-sequencing method. Some 150,000 hours of work will be devoted to professional integration and training programmes during the seven years of the programme.
ETF (etf.fr) will be able to draw on its long-standing experience in this type of specialist work, having already upgraded 1,750 km of railway track.
About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.
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