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VINCI Secures Multi-Year Highways Maintenance Partnership with Hertfordshire County Council!

Finanznachrichten News

Nanterre, 26 March 2025

VINCI Extends Highway Maintenance Agreement with Hertfordshire County Council

The agreement encompasses ⁣the upkeep of over 5,000​ kilometers of roads and ⁣pathways situated north⁣ of London.‍ The initial ⁣duration spans seven years, with potential extensions lasting until 2046, ⁣valued at a⁢ minimum of ⁤€65 million (£55 million) annually.

In a strategic​ development for infrastructure services, Hertfordshire County‌ Council has reaffirmed its commitment to maintain highways by renewing its longstanding contract with Ringway. This ⁣subsidiary of VINCI Construction has been engaged in this ‍service since its initiation‍ in‌ 2012.

A Comprehensive Contract ⁤to Enhance Road Infrastructure

The renewed‌ seven-year agreement takes effect on October 1, 2025. It encompasses crucial activities such as maintenance and enhancements for over 5,000 kilometers of roads and sidewalks. Key ​responsibilities include ‌street lighting ⁤repair, traffic signal maintenance, drainage management to address surface water issues, pothole repairs, seasonal road gritting​ operations as well as grass cutting initiatives and emergency response mechanisms.

Commitment to Sustainable Practices

This partnership builds upon significant‌ innovations enacted under the previous contract term—such as robotic systems designed to prevent potholes and ⁢electric⁤ gritters. Moving forward towards achieving carbon⁣ neutrality by the year 2030, Ringway plans to expand its fleet ‍with electric vehicles while increasing recycling efforts and using eco-friendly materials wherever feasible.

A Broad Scope Across Great Britain

Beyond this agreement with Hertfordshire County Council, Ringway manages several substantial maintenance contracts across Great Britain that collectively cover approximately​ 50,000 kilometers encompassing urban streets and major highways.

Your Partner in Sustainable Infrastructure Development: About VINCI

VINCI ⁤stands at the​ forefront globally in ⁢concessions management as well as energy services and construction sectors. With a workforce exceeding 285,000 team members operating across more than 120 countries worldwide—our mission merges creativity with practical execution from design through funding to building essential facilities that elevate everyday life quality amidst improved mobility ‍options. We champion holistic performance that⁤ transcends mere economic profit; our commitment extends through socially responsible practices affecting communities positively while⁤ maintaining transparent dialogues ⁢with all⁣ stakeholders engaged throughout our endeavors. ‍Our goal is clear—to cultivate⁢ enduring value ​for clients we serve along with shareholders while⁣ delivering benefits back into society overall.
www.vinci.com

This announcement ⁣serves as an official communiqué from the ‍VINCI Group which underscores vital updates regarding ‌infrastructural advancements.

PRESS CONTACT

VINCI Media Relations Department
Phone:⁢ +33 (0)1 57 98 62 88


[email protected]

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