Vinci Construction in talks to acquire Indian road concessions
ROADS & HIGHWAYS

Vinci Construction in talks to acquire Indian road concessions

First Published: Sun, May 26 2013. 10 46 PM IST

France’s Vinci Construction India head Thomas Bigueure, has said that the company is in talks with at least one infrastructure firm to acquire its concession. He added that the company is looking at acquiring the concessions of those developers who are looking to exit from road projects. It is an indication of revival of interest in Indian roads sector.

While the company is present in the engineering, procurement and construction space in India since 2010, it is looking at expanding its portfolio.

Vinci Concessions India is the Indian arm of the French firm. This comes at a time when Indian infrastructure developers, who had earlier bid aggressively for securing road contracts, are now claiming declining viability of highway projects. GMR Infrastructure and GVK Power and Infrastructure walked out of their agreements with National Highways Authority of India (NHAI) earlier this year, the agency that oversees construction and maintenance of roads.

First Published: Sun, May 26 2013. 10 46 PM IST France’s Vinci Construction India head Thomas Bigueure, has said that the company is in talks with at least one infrastructure firm to acquire its concession. He added that the company is looking at acquiring the concessions of those developers who are looking to exit from road projects. It is an indication of revival of interest in Indian roads sector. While the company is present in the engineering, procurement and construction space in India since 2010, it is looking at expanding its portfolio. Vinci Concessions India is the Indian arm of the French firm. This comes at a time when Indian infrastructure developers, who had earlier bid aggressively for securing road contracts, are now claiming declining viability of highway projects. GMR Infrastructure and GVK Power and Infrastructure walked out of their agreements with National Highways Authority of India (NHAI) earlier this year, the agency that oversees construction and maintenance of roads.

Next Story
Real Estate

K Raheja Corp launches luxury tower at Raheja Galaxy, South Pune

K Raheja Corp Homes has unveiled a new luxury tower at Raheja Galaxy in South Pune, catering to the growing demand for premium living spaces in the area. Located off NIBM, the project offers seamless connectivity, excellent infrastructure, and a reputation for timely delivery and superior construction quality.The new tower features spacious 2-bed, 3-bed, and 3BHK L residences, priced from Rs 1.29 crore. The homes are designed with modern amenities and a neo-classical architectural style, offering a balance of functionality and luxury. Prices will increase after April 30th, making the early-bir..

Next Story
Infrastructure Urban

PM to Visit Bihar on April 24 for Panchayati Raj Day Celebrations

Prime Minister Shri Narendra Modi is scheduled to visit Bihar on 24th April 2025. During his visit to Madhubani, he will participate in the National Panchayati Raj Day celebrations at around 11:45 AM. On this occasion, he will inaugurate, dedicate, and lay the foundation stone for several development projects worth over Rs 134 bn, and will address the public gathering. As part of the programme, the Prime Minister will present the National Panchayat Awards, honouring the best-performing Panchayats from across the country. In the railways sector, Prime Minister Modi will flag off the Amrit Bha..

Next Story
Infrastructure Urban

Rs 140 Bn Infra Projects in North India Reviewed by DPIIT Secretary

Shri Amardeep Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), chaired a high-level Project Monitoring Group (PMG) review meeting to assess progress on major infrastructure projects in Uttar Pradesh, Haryana, Punjab, and Uttarakhand. The meeting was attended by senior officials from central ministries, state governments, and private sector project proponents. A total of 17 key infrastructure projects, collectively worth over Rs 140 billion, were reviewed during the session, which addressed 19 critical issues affecting project execution. The discussions..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?