This Tuesday morning that the candidate for the mega railway project LGV Sud Europe Atlantique (SEA) to over 7 billion euros should be announced by R?seau Ferr? de France. This route will connect Tours to Bordeaux on a journey of 300 km, involving the construction of 40 overpasses and 390 bridges. Companies Bouygues, Vinci and Eiffage are on deck for this contract to allow linking Paris to Bordeaux in two hours instead of three now.
The winner will design, financing, construction and maintenance for 50 years in this concession. In return, it will be paid by revenues paid by companies using the railway line.
Work could begin in mid-2011, year of recovery for a provision in 2016.
Vinci, the darling
Vinci is anticipated to win this huge contract.According Latribune.fr Monday evening Vinci would have won the tender.
For Natixis Securities analysts, the business model of manufacturer-dealer and know-how are relevant for this type of project cash advance payday loan. In addition, its financial situation is excellent.
"If the group Vinci was nominated for LGV SEA, the title should react positively. This contract represents nearly 30% of its backlog, "said the broker.
Such an announcement could also benefit other manufacturers, the market showing that these large projects as expected will actually materialize.In fact, keep in mind that the candidates approached other railway projects will be announced in the coming months, including LGV Bretagne (4 billion estimated), which will link to Paris in 1h30 Rennes and Brest in 3 hours and N?mes-Montpellier (1.2 billion).
According to Natixis, "it seems unlikely that a candidate wins more of these three railway projects.
Funding unpublished
In terms of funding, the project should receive the government guarantee and the savings of the CDC.
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