INTERNATIONAL TRANSPORT FORUMTransport Russia

Moscow , 18th to 20th of Novembre

Vincent PIRON VINCI Concessions

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Vincent Piron VINCI Concessions

The network (4,800 km) accounts for 60% of the network under concession

VINCI : France’s largest toll roads concessionaire

Cofiroute : West of France

ASF : South West

Escota : South East

Urban scheme A 86 West of Paris

Urban schemes in Lisbon, Marseilles, Lyon, Los Angeles

Turn over of VINCI : 33 billions €

Turn over of VINCI Concessions : 5 billions € of toll collection

3 millions transactions per day

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Vincent Piron VINCI Concessions

Classification of PPP’s (long term contracts)

Large investment

New scheme

Small Investment

WHSD M ST Pet

Road operation and maintenance

Road operation and maintenance

Road improvement through truck toll collection

No investment

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Vincent Piron VINCI Concessions

Adjusting investment to traffic

Corridor Capacity and Trafic Demand

-

500

1 000

1 500

2 000

2 500

3 000

3 500

4 000

0 10000 20000 30000 40000 50000 60000 70000

Average Annual Daily Trafic

Inve

stm

ent

Co

st (

ho

url

y ca

pac

ity)

Trafic Demand

Road

Motorway

Capacity Investment

12

3

Overspending

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Vincent Piron VINCI Concessions

A toll is not a tax : toll pays for a service

1- Time Saving

2- Guarantee of reaching the goal at the right time, what ever the weather could be without fearing any incident on the road

3- Fuel saving

4- Operation and maintenance saving

5- Follow up of goods trips and information to clients

Thus the same truck/driver can drive for more km/year and there is a huge cost saving for transport companies

Then it is possible to capture a part (between 30% to 40%) of this cost saving for the toll

This is a win/win game if the toll is set at the right level

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Vincent Piron VINCI Concessions

Conclusion

Requesting the users to pay is fully justified

There is a net gain because there is no opportunity costs of public funds on the collected toll used for direct investment

It minimize the number of trips (optimization of trips)

Then choosing the right type of PPP contract is crucial

And choosing carefully the toll policy for having the best split of the socio ecenomic benefit between the Users and the Grantor is a condition to make a successful scheme

For low traffic (<14 000 v/day) tolling for better service does not imply toll free parallele road (see Chili, Norway, Canada,..)

And then develop progressively the global road network