VINCI Expands Its Global Presence with Strategic Acquisition
VINCI's Bold Move in India: A New Motorway Concession
VINCI Highways, a prominent subsidiary of VINCI Concessions, has recently taken a significant step by securing a 51% stake in HKR Roadways Limited, the company managing the SH1 motorway near Hyderabad. This strategic acquisition reflects VINCI's ongoing dedication to enhancing infrastructure in emerging markets.
Details of the Acquisition Agreement
The motorway concession covers 206 kilometers of critical roadway, and the contract extends until 2041. VINCI's involvement involves an equity investment of approximately €40 million, a move anticipated to be finalized by the end of the year, pending the necessary regulatory approvals.
Importance of the SH1 Motorway
Commissioned in 2014, the SH1 motorway is vital for connecting Hyderabad, a bustling city with a population of 11 million, to the north-eastern regions of Telangana. Its completion enhances local mobility and supports economic activities in the surrounding areas.
Collaboration with Global Infrastructure Partners
This acquisition is not a solo effort for VINCI; it has been made in collaboration with Global Infrastructure Partners' Emerging Markets Fund, with VINCI holding majority control over the concession. This partnership mirrors past strategic alliances, such as the ones formed during significant investments in London Gatwick and Edinburgh airports.
VINCI's Ongoing Commitment to India
VINCI is already well-established in India, operating through its subsidiary ViaPlus, which focuses on electronic toll systems. This subsidiary employs nearly 400 individuals in Hyderabad and signifies VINCI's commitment to leveraging technology in enhancing infrastructure services.
About VINCI
VINCI is a leading player in concessions, energy, and construction, boasting a workforce of over 280,000 in more than 120 countries. The company's mission revolves around designing, financing, constructing, and operating infrastructure and facilities that improve daily life and mobility. VINCI is dedicated to environmentally and socially responsible operations, aiming to create lasting value for its customers, shareholders, employees, and wider society.
For media inquiries, please contact:
VINCI Press Department
Tel: +33 (0)1 57 98 62 88
Email: media.relations@vinci.com
Frequently Asked Questions
What stake did VINCI acquire in the motorway concession?
VINCI acquired a 51% stake in HKR Roadways Limited, managing the SH1 motorway.
When is the acquisition expected to be finalized?
The acquisition is expected to be finalized by the end of 2024, subject to necessary approvals.
How long is the concession contract for the SH1 motorway?
The concession contract for the SH1 motorway lasts until 2041.
What is the significance of the SH1 motorway?
The SH1 motorway connects Hyderabad to the north-east of Telangana, facilitating regional mobility and economic growth.
How does this acquisition support VINCI's global strategy?
This acquisition strengthens VINCI's global presence and commitment to developing infrastructure in emerging markets.
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