VINCI Concessions completed the green financing for its electric vehicle charging project in Germany
- VINCI Concessions completed the green project finance for the Deutschlandnetz Regional contract, an electric vehicle charging infrastructure.
- This project is underpinned by a 12-year contract to secure land, install and operate 106 ultra-fast* charging stations, which cover 828 charging points in 12 of the 16 German Bundesländer.
- This new contract has stepped up VINCI Concessions' development in the electric mobility infrastructure sector and represents a total investment of about €200 million.
After being awarded 3 lots in September 2023 by the German Federal Ministry for Digital and Transport Affairs, representing the Federal Republic of Germany, VINCI Concessions, successfully completed an innovative and tailored project financing of the Deutschlandnetz Regional contract for the development of ultra-fast charging stations throughout Germany.
This 12-year contract represents a total investment of about €200 million – subsidised in part by the granting authority – and covers the design, financing, construction, maintenance and operation of 828 charging points to be deployed in 106 ultra-fast* charging stations in 12 of the 16 German Bundeslände.
VINCI Concessions secured about €130 million of green project finance through a combination of €60 million of bridge loans and €70 million of senior term loan. This financing serves both the construction and operation of the project which demonstrates how VINCI Concessions can support the EV Charging Infrastructure sector by bringing its innovative project financing capabilities and expertise.
VINCI Concessions, through eliso, its subsidiary specialised in electric vehicle charging infrastructure in Germany, will be tasked with securing land, installing the stations and operating them. The first one is set to open in the next twelve months.
VINCI Concessions is already active in Germany through its subsidiary VINCI Highways, the leading motorway operator in the country with 5 public-private partnerships (PPPs) adding up to more than 200 km of motorways and federal roads currently in operation or under construction.
In Germany, the VINCI group employs more than 15,000 people with a network of local companies some of which are more than 100 years old.
* 400 kW power rating, currently the highest standard for high-power charging points.
VINCI Concessions is an international player in transport infrastructure. We leverage our integrated model to design, finance, build, operate and maintain more than 90 airports, highways and rail projects in 24 countries, through our subsidiaries VINCI Airports, VINCI Highways and VINCI Railways. We are committed to shared growth with regions, and are actively making mobility ever more sustainable, efficient and innovative.
