international transport forum transport russia moscow, 18th to 20th of novembre vincent piron vinci...
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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
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