VINCI Secures Major Highway 1 Upgrade Project in Canada
VINCI Secures Major Contract for Highway 1 Project
VINCI has successfully obtained a substantial contract to upgrade and widen a crucial stretch of Highway 1, enhancing connective infrastructure in Canada. The project plays an integral part in improving traffic and safety for motorists navigating this busy route.
Project Overview and Scope
This ambitious initiative covers approximately 4.5 kilometers of Highway 1, specifically located south-east of the vibrant metropolitan area of Vancouver. The contract is valued at an impressive 62 million euros, equivalent to around CAD 94 million, showcasing VINCI’s commitment to enhancing transportation networks in growing regions.
Objectives of the Project
The key objectives for this undertaking include widening the highway to facilitate the introduction of carpooling and bus lanes. Additionally, the plan encompasses the construction of two new bridges and the significant rehabilitation of a rest area. VINCI is also dedicated to implementing environmental measures aimed at restoring ecosystems that support local aquatic life and promote biodiversity.
Impact on Local Communities
Substantial completion is anticipated by the summer of 2027, an important timeline as it allows the community to see the changes take shape. An essential aspect of this project is the commitment to local employment, with a target of 15% of the workforce being sourced from First Nation communities, particularly from the Kwantlen and Matsqui nations. This emphasis not only boosts local employment but also fosters a strong community connection to the project.
VINCI's Commitment to Sustainability
VINCI stands out as a major player in the global construction, energy, and concessions sectors, operating in over 120 countries. Employing around 280,000 professionals, the company is dedicated to designing, financing, and managing infrastructure that is pivotal for the continuous improvement of everyday mobility and life quality for people everywhere. Their multi-faceted approach to performance focuses on more than just financial gains.
Social Responsibility and Long-term Value
Social responsibility is at the forefront of VINCI's operations. They strive to engage with all stakeholders transparently, believing that dialogue is essential for business success. The company's vision includes creating long-lasting value for customers, shareholders, employees, partners, and society at large. This mission aligns with their environmental responsibilities and commitment to offering sustainable solutions.
Contact Information
For further inquiries regarding this project, please contact the VINCI Press Department. You can reach them at +33 (0)1 57 98 62 88 or via email at media.relations@vinci.com.
Frequently Asked Questions
What does the Highway 1 project involve?
The project includes upgrading and widening a 4.5 km stretch of Highway 1, along with the construction of two new bridges and rehabilitation of a rest area.
How much is the contract worth?
The contract for the Highway 1 project is valued at 62 million euros, approximately CAD 94 million.
When is the expected completion date?
The substantial completion of the project is targeted for the summer of 2027.
How will local communities benefit from the project?
The project aims to provide job opportunities, targeting 15% of the workforce to be sourced from local First Nation communities.
What is VINCI's approach to sustainability?
VINCI emphasizes environmental and social responsibility in all its projects, aiming to create long-term value for its stakeholders and enhance community relations.
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