Skip to main content

VINCI awarded contract by Quebec authorities for the rehabilitation of Louis Hippolyte Lafontaine Tunnel, Montreal

Rueil Malmaison, 30 July 2020VINCI awarded contract by Quebec authorities
for the rehabilitation of Louis Hippolyte Lafontaine Tunnel, Montreal
Enhance safety and optimise traffic4 years of workA €726 million contractThe Quebec Ministry of Transportation has selected consortium Renouveau La Fontaine, comprising VINCI subsidiaries (50%) – Eurovia, consortium leader, and Dodin Campenon Bernard – and Canadian company Pomerleau (50%), to rehabilitate Louis Hippolyte Lafontaine Tunnel and its access roads.The tunnel was opened in 1967 and is the longest underwater structure in Canada, covering a distance of 1.5 km beneath the Saint-Lawrence River. It is a strategic transport corridor for the Montreal urban area, linking the eastern part of the Island of Montreal to the city of Longueuil. Louis Hippolyte Lafontaine Tunnel carries 120,000 vehicles a day.The rehabilitation aims to improve tunnel safety, optimise traffic and promote carsharing and public transport.The contract, worth €726 million (C$1,142 million), calls for the financing, design and execution of rehabilitation works. The financing package includes a bank loan from a syndicate of five Canadian banks and a Japanese bank.The works will be carried out between early 2021 and July 2025. They include:Access roads: widening the A20 motorway with the addition of a new bus and carsharing lane, as well rehabilitating 25 km of pavement (on the A25 and A20) and an interchange.
 
Tunnel: repairing the structure; installing new fire protection facings; landscaping and architectural finishes; modernising all electrical, electromechanical and supervisory infrastructure, as well as deploying new technologies to increase operator and user safety (fire safety equipment and smoke evacuation systems).             
Throughout the works, the consortium will be responsible for the operation, upkeep and maintenance of the various sites and roads, which will remain open to traffic at all times.
About VINCIVINCI is a global player in concessions and contracting, employing 222,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large. www.vinci.comThis press release is an official information document of the VINCI Group
PRESS CONTACT
VINCI Press Department
Tel: +33 (0)1 47 16 31 82
media.relations@vinci.com
 AttachmentCPVINCI_Tunnel Canada_20200731_VA

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.