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| Vinci lays cornerstone for car rental firm complex in Nice Vinci Concessions subsidiary Park Azur and Société Aéroports de la Côte d'Azur have laid the cornerstone for the car rental firm complex to be built in Nice. The 32-year Public-Private Partnership contract takes the form of an authorisation to temporarily occupy publicly owned land with the right to build (an "AOT"), granted by Société Aéroports de la Côte d'Azur. It covers the financing, construction, maintenance and operation of a 3-level, 60,000 sq. metre building that will meet the growing needs of the car rental firms. The contract for the complex provides for total financing of €45.4 million. Of that amount, works account for €36 million. Construction, set to take 28 months to complete, began on 17 November 2008. The car rental firm complex at Nice Côte d'Azur Airport is scheduled to open in March 2011. write your comments about the article :: © 2009 Construction News :: home page |