The joint venture made up of ETF (lead company), a subsidiary of Eurovia, and Colas Rail, a subsidiary of Colas, has won a first contract awarded by the state owned EFE company, which operates the Chilean national railway network.
This contract, with a total value of €45 million, covers the supply and replacement of 150 points and crossings and the supply without installation of 60 additional points and crossings.
The work will be carried out in 2019 and 2020 on the regional network around Santiago de Chile and the metro system in the city of Valparaiso, without interrupting commercial operations.
With five contracts already under way for the Santiago metro, the ETF and Colas Rail joint venture and their Chilean joint subsidiary OFC are stepping up their operations in the Chilean railway market and positioning themselves as key players in the run-up to the major railway projects announced by the local authorities.
Eurovia is a VINCI Group subsidiary and a global leader in transport infrastructure and urban development. It builds and maintains roads, motorways, railways, airports and tramways, and develops industrial, commercial and urban facilities. It also delivers all the related services, including demolition, deconstruction, drainage, earthworks, utility networks, signage, bridges, tunnels and noise barriers. Eurovia’s network of industrial plants producing aggregates and other supplies for road and rail construction spans the entire supply chain. The company operates in 15 countries, employs 39,500 people and generated €8.1 billion in revenue in 2017.
Colas, a subsidiary of the Bouygues Group, is a world leader aiming to promote transport infrastructure solutions for sustainable mobility. With 55,000 employees in more than 50 countries on five continents, the Group performs some 80,000 road construction and maintenance projects each year via 800 construction business units and 2,000 material production units. In 2017, consolidated revenue at Colas totalled €11.7 billion (48% outside of France). Net profit attributable to the Group amounted to €328 million.