Coronavirus hits Vinci road and airport concessions

23 March 2020 - 12:00 am UTC

Vinci has revealed a significant traffic drop at its concession businesses, due to the coronavirus outbreak.

France’s largest infrastructure group said on Monday (23 March) that it is cutting costs and postponing investments to mitigate the impact.

Vinci Airports – which operates 45 airports globally, including London Gatwick Airport – recorded a 40% decline in passenger numbers in the first three weeks of March compared with a year ago.

“That decline has worsened in the last few days following containment measures and decisions taken by some countries to close their borders,” Vinci said.

Meanwhile, Vinci Autoroutes, which operates a network of 4,400km of motorways across France, recorded a 16% year-on-year traffic drop for the period between 1 and 20 March, including a 19% decline in light vehicles traffic. 

Once again, measures introduced by the French government to contain contagion “have intensified the decline in traffic levels,” Vinci said. The fall in heavy vehicle traffic has been less severe, with France maintaining a basic level of economic activity.

Also affected was its French contracting business, with many French construction projects being put on hold since 16 March.

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