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Mon August 08 2022

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Vinci signs €312m deal for dam upgrades

25 Oct 13 Vinci has signed a €312m (£266m) partnership contract with Voies Navigables de France (VNF) for upgrades to 31 dams on the Aisne and Meuse rivers.

The 30-year contract is part of VNF’s programme of upgrading and modernising waterways and structures. Investment in the project totals €312m. Work will total €256m and take six years and five months. It will be carried out by a construction joint venture led by Vinci Construction France, represented by EMCC (leader), Tournaud, GTM Halle and CBR TP, which will include local small and mid-sized firms. Bameo, a 50% subsidiary of VINCI Concessions, in partnership with Shema (EDF Group), signed the partnership contract.

The 30-year contract covers the design, funding, construction and, subsequently, the operation, upkeep as well as routine and heavy maintenance of the 29 automated dams and associated equipment. It also includes dismantling the existing dams, as well as the upgrading, upkeep and routine and heavy maintenance of two dams that have already been automated. In addition, three of the dams are to be equipped with micro-hydropower plants.

Bameo will be paid in the form of fees linked to the delivery of the dams. Dams will start to be delivered in March 2016 and all 29 dams are to be commissioned by 2020. Their operation and maintenance will be entrusted to a dedicated subsidiary of Vinci Concessions and Shema.

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