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| Vinci to upgrade roads in the London Borough of Hounslow The London Borough of Hounslow Council has named French construction firm Vinci preferred bidder for a 25-year contract to upgrade and maintain its 432 km of roads and 763 km of pavements. The contract, which is subject to the approval of the Department for Transport (DfT), is expected to start in January 2013. Following an initial work phase for a total amount of GBP 100 million (approximately €120 million), mainly financed by non recourse bank debt, the network (roads, bridges, pavements, street lights and signage, cleaning, upkeep of green spaces, etc.) will be maintained to the highest standards. The total value of the contract is GBP 800 million (approximately €950 million). The consortium will be paid a fee based on network availability. write your comments about the article :: © 2012 Construction News :: home page |