VINCI Facilities SKE, the German subsidiary of VINCI Energies, has been awarded by the City of Cologne to restructure and expand four schools and manage them for 29 years.
The €163.5m public private partnership (PPP) contract came into effect on 1 January 2018.
The contract covers renovation of several landmark buildings, construction of new buildings and facility management services, including maintenance of the premises and outdoor spaces, security and energy consumption management.
The schools are located in Mülheim district (Elly Heuss Knapp Realschule and Ferdinand Lassalle Realschule) and in the Ossendorf (Catholic Elementary School) and Weiden (Georg Büchner Gymnasium) neighbourhoods of Cologne.
These schools together accommodate 2,900 students and 230 teachers.
The facility management sector accounted for more than €300m of the €2bn revenue generated by VINCI Energies in Germany in 2017.
VINCI Facilities SKE has so far carried out 15 projects under PPP contracts.
Germany is the largest market of VINCI Group outside France, and contributed revenue of €2.7bn in 2016. It has more than 13,000 employees working for the local VINCI Concessions, VINCI Energies and Eurovia subsidiaries.
In April 2017, VINCI completed the financial structuring of an A-Modell PPP contract covering the restructuring of the A7 motorway.
VINCI Energies focuses on connections, performance, energy efficiency and data to fast-track the roll-out of new technologies and support digital transformation and energy transition.
VINCI is involved in the concessions and construction sector, and employs more than 183,000 people in 100 countries. The company designs, finances, builds and operates infrastructure and facilities that help improve daily life and mobility for all.