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Vinci Construction in talks to acquire Indian road concessions

Vinci Construction in talks to acquire Indian road concessions

First Published: Sun, May 26 2013. 10 46 PM IST

FranceÂ’s Vinci Construction India head Thomas Bigueure, has said that the company is in talks with at least one infrastructure firm to acquire its concession. He added that the company is looking at acquiring the concessions of those developers who are looking to exit from road projects. It is an indication of revival of interest in Indian roads sector.

While the company is present in the engineering, procurement and construction space in India since 2010, it is looking at expanding its portfolio.

Vinci Concessions India is the Indian arm of the French firm. This comes at a time when Indian infrastructure developers, who had earlier bid aggressively for securing road contracts, are now claiming declining viability of highway projects. GMR Infrastructure and GVK Power and Infrastructure walked out of their agreements with National Highways Authority of India (NHAI) earlier this year, the agency that oversees construction and maintenance of roads.

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