Highlights

Proximity networks in France

In 2021, revenue in mainland France rose by 13.3% to €10.8 billion, reaching levels seen in 2019 – a pre‑election year and the peak of a cycle.

Building

(31% of revenue).

 

The business activity grew slightly overall; large officebuilding construction projects remained stable in Paris and other major French cities, while the residential property market bounced back. VINCI Construction secured a significant number of orders: operations for the Universeine project in Saint-Denis (for VINCI Immobilier); revamping the building that formerly housed the Grands Magasins du Louvre then the Louvre des Antiquaires as well as the building that formerly housed Télécom Paris, and the Coeur d’Aéroport project at Marseille Provence Airport.

 

A number of large projects were completed in the Greater Paris region, including the first instalment of the DUO towers, refurbishment of the La Samaritaine complex, modernisation of the Roland-Garros stadium (all in Paris), Servier’s new Research & Development Institute (Paris-Saclay), the Emblem tower, the Origine & Nouvelle Vague programme and l’archipel, VINCI’s new head office in Nanterre (all in Hauts‑de‑Seine). A total of 2,600 projects in all regions were either started, continued or completed: construction of the Hekla and The Link towers, (La Défense); modernisation of the Montparnasse railway station (Paris); construction of the To-Lyon tower for VINCI Immobilier (Lyon); the Institut Coeur Poumon at the university hospital in Lille 2 and the first instalment of the university hospital (Reims); the Carreire campus at Bordeaux University; the Cité des Sports (Issy-les- Moulineaux); the JW Marriott and Carlton hotels (Cannes); La Porte Bleue (Marseille); and the Îlot Vauban complex in (Nice).

 

The property development business, which creates value upstream in projects, saw strong growth. A specific network, ADIM, secured financial packages for about 90 operations.

 

VINCI Construction is also leading the way with its expertise in timber construction. Arbonis was thus involved in several large programmes including Treed It and New in the Greater Paris region.

 

  • The DUO in Paris.
  • The Institut Coeur Poumon at the university hospital in Lille.

Civil engineering

(8% of revenue).

 

Alongside the Major Projects Division, local subsidiaries were involved with projects such as the Grand Paris Express, the RER Line E extension (e-déf Eole-La Défense project), the Euralpin Lyon–Turin tunnel and the Strasbourg bypass – as well as working on several other operations such as the modernisation of Line 4 of the Paris metro, construction of a swing bridge (Saint-Malo) and Siemens Gamesa’s plant to manufacture offshore wind turbines (Le Havre), and civil engineering for the Lyon Part-Dieu multimodal transport hub. They were also awarded the contract for the development of Noisy‑Champs station and the construction of the ancillary facilities for Line 15 South and Line 16 (Grand Paris Express).

 

The contract for the development of Noisy‑Champs station.

Roadworks and materials, urban development

(45 % of revenue).

 

Recovery was brisk in 2021. Local business units worked on over 25,000 projects. The most significant operations included:

— In motorways: the Western Strasbourg bypass and upgrade of the A61 (for VINCI Autoroutes); widening of the A4 (Metz) and of the A480 (Grenoble); and conversion of a 4 km section of the RN164 into a two-lane dual carriageway in Brittany.

— In the airport sector: at the airports of Paris‑Charles de Gaulle (Grand Est Nord parking areas), Paris-Vatry (Marne) and Évreux-Fauville (a French Air Force base).

— In logistics: hubs in Rungis for Sysco, in Quimper for Armor Lux and in Bassens (Gironde) for AGC, using paving made from fully recycled aggregates (Ecoperf).

— In urban development: conversion of an industrial brownfield into a new district (Creil); revamp of a multimodal transport hub at the Soissons train station; waterfront development in La Grande-Motte; and refurbishment of the outdoor areas by the Bourse de Commerce-Pinault Collection building (Paris).

— In urban transport infrastructure and active mobility: work on the T3 and T10 tram lines (Paris) as well as the T9 (Paris—Orly-Ville) ; extension of the tramway line in Bordeaux; upgrade of temporary bicycle paths set up during the first lockdown in spring 2020 to permanent ones; and the creation of greenways in Ille-et-Vilaine, alongside the RD10 departmental highway and in the Bas-Rhin department).

  • The Western Strasbourg bypass and upgrade of the A61
  • The T9 tram line (Paris—Orly-Ville)

In materials production, VINCI Construction continued to deploy Granulat+, its brand that applies circular economy principles to construction materials . A leader in its market in France, the business line is aiming to double its output by 2030. The 130 bases that have been awarded Granulat+ certification across France make up the largest network of facilities recovering and recycling mineral waste from the construction and manufacturing industries in the country.

Granulat+, brand that applies circular economy principles to construction materials

Hydraulic networks and utilities

(7% of revenue).

 

The business activity relating to the water cycle is spread across a wide variety of projects, namely the maintenance and renovation of drinking water distribution networks (Greater Lille and Rouen) and sewerage networks (Greater Bordeaux and Grand Briançonnais), utility diversions as part of urban development projects (for the Hauts-de-Seine department and the cities of Montpellier and La Rochelle), and drinking water production and wastewater treatment plants (a dozen projects under way or delivered). In addition, work was carried out on heating networks (Pau and Sarrebourg) and fibre-optic networks. VINCI Construction and VINCI Energies also finished rolling out the ultrafast broadband network in Moselle.

 

Railway works

(6% of revenue).

 

ETF had a very active year in the Greater Paris area, where it renovated Transilien and RER lines (upgrading 90 km of track in 2021) and started working on its first Grand Paris Express project, building 14.4 km of track in tunnels for Line 14 South (in a joint venture) . Elsewhere in France, it renovated 32 km of track in Nouvelle-Aquitaine and 53 gantries in the Rhône department.

14.4 km of track in tunnels for Line 14 South.

Earthworks and ecological engineering

(4% of revenue).

 

The business activity, which is often carried out in synergy with other VINCI Construction entities, held up in the four main markets, namely transport infrastructure (the north-eastern Metz bypass), coastal and river development (extension works at La Cotinière fishing port in Charente‑Maritime and infrastructure to preserve marine biodiversity in Cherbourg for the Marineff project), earthworks at sites and hubs (Amazon’s Nez-Frescaty logistics base), and environmental upgrades. Environmental upgrades are carried out by all subsidiaries (Sethy, VINCI Construction Maritime et Fluvial, Cognac TP, etc.) and under the Equo Vivo brand. The main projects here included restoring ecological connectivity along the Mayenne (Maine-et-Loire), Saye (Gironde) and Bièvre (Greater Paris area) rivers, redeveloping natural habitats along an industrial railway line in Donges (Loire-Atlantique) and creating a water reserve connected to the waterfalls at the Fer-à-Cheval cirque in Savoie.

 

A water reserve connected to the waterfalls at the Fer-à-Cheval cirque in Savoie.

Specialised subsidiaries

 

Highlights included road and motorway signage projects, such as modernisation and dynamic road sign installation carried out by SVMS and VINCI Energies.

 

In demolition, one of the main projects of 2021 involved dismantling a former EDF power plant in Blénod‑lès‑Pont‑à‑Mousson.

 

Overseas France

 

Established in practically all of overseas France, VINCI Construction generated €0.6 billion in revenue in these areas (up by 7.9%). Business was spread across the main construction markets:

— In building, the structure to house the Fort-de-France university hospital’s new cyclotron (Martinique) and several social housing projects.

— In transport infrastructure, the new bridge in Dumbéa (New Caledonia), the structure connecting the New Coastal Highway to the Le Barachois neighbourhood, and the new urban cable car in Saint-Denis (Reunion Island).

— In environmental facilities, the installation of an inert waste storage facility in Bandrélé (Mayotte).

 

And in roadworks, Jean Lefebvre Polynésie commissioned an asphalt plant designed to achieve 35% recycling rates.

 

The Fort-de-France university hospital’s new cyclotron (Martinique).