HSBC Specialist Investments Limited (HSIL), the infrastructure and real estate investment group of HSBC Holdings plc, is pleased to announce that, as part of a consortium, it has won the concession from the French State to design, build, finance, operate and maintain a section of the A63 Motorway in south-west France.
The 40-year concession has a total project cost of €1.1bn. Central to the contract is the enlargement of an existing 105 km secondary road linking Salles (Girondes) and St-Geours-de-Maremne (Landes) through the widening of the road from 2 to 3 lanes. The A63 project is part of the trans-European network and will sustain trade flows between the Iberian Peninsula and northern Europe. Toll fees will provide the ongoing revenue returns.
Commenting on today’s news, Stephane Kofman, Director of HEMI*, said:
“We are very pleased to implement the public sector’s strategy of improving the A63’s safety and user comfort through a large capital expenditure programme and subsequent management of the road. The project meets our strategic requirements by providing consistent and stable returns upon completion of construction and commissioning."