Vinci consortium preferred bidder in Slovakia

A consortium of Vinci Concessions and the ABN Amro Highway private equity fund has been named preferred bidder to build and maintain the R1 expressway in Slovakia over a 30-year concession period.

The public private partnership (PPP) is valued at more than € 1 billion, and comprises the finance, design, construction, operation and maintenance of 52 km of expressway in four separate sections. Rather than charge motorists a toll, the consortium will be remunerated through annual royalties by the concession grantor, the Slovak Ministry of Transport, Post and Telecommunications.