VINCI Highways

What VINCI Highways does

VINCI Highways is the international road-mobility concessions division of VINCI Concessions SAS, itself a wholly-owned subsidiary of VINCI SA. Established around 2010, the business designs, finances, constructs, and operates toll highways, urban road networks, bridges, and tunnels across more than 3,750 km in 14 countries spanning Western Europe, the Americas, and (pending the Safeway close) Asia. The core product is the long-term (typically 30-year) concession contract awarded by government authorities (e.g., NHAI in India, ANTT in Brazil), under which VINCI Highways collects tolls from motorists and assumes operation, maintenance, and capacity-expansion obligations. Revenue mechanics rest on transaction-fee tolling under concession terms, supplemented by recurring digital subscription revenue through the Ulys B2C platform in France (6.8 million badges, over 70% market share).

The company's technology stack centers on ViaPlus, a dedicated subsidiary launched in 2023 to commercialize free-flow (barrier-less) electronic tolling; ViaPlus has processed 2.5 billion transactions across existing contracts in the United States, Europe, and India. Adjacent infrastructure includes 342 EV charging stations and LED lighting covering 73% of roads and tunnels, supporting both concession-mandated modernization and longer-term sustainability positioning. Operating geographies at present span France (Ulys), Germany (A7/A4/A5/A9), the Czech Republic (D4), Greece, Brazil (Entrevias, Via Cristais), Colombia (Bogotá-Girardot), Peru (Lima Expresa), the United States, and additional emerging markets.

Primary counterparties are national and regional governments that award concessions, while end-users are individual motorists and commercial fleets whose toll payments fund the operations. The division is led by Présidente Belen Marcos and is organizationally embedded within VINCI Concessions, which also operates VINCI Autoroutes (domestic French highways, 4,443 km, ~5,500 employees) and VINCI Airports, among other sister divisions. Recent corporate activity is dominated by acquisition-led expansion, including Entrevias (2023, 55% stake), Via Cristais (2025, 30-year ANTT concession), and the announced $1.6-1.7 billion Safeway Concessions acquisition in India, expected to close end-2026.

Name

VINCI Highways

Legal name

VINCI Concessions SAS

Website

https://vinci-concessions.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

VINCI Highways is the international road-mobility concessions division of VINCI Concessions, operating a 3,750+ km toll road network across 14 countries under long-term government concessions (e.g., NHAI, ANTT), with proprietary free-flow tolling via its ViaPlus subsidiary and Ulys digital mobility platform for end motorists.

Ownership category

akta.pro rank

Product category

Highway Concession Services

NAICS

Highway, Street, and Bridge Construction (23731)

akta.pro primary industry

Tolling, Pricing & Revenue Operations (Toll Roads, Congestion Pricing, Enforcement) (BPAIALAH)

akta.pro secondary industries

Toll Payment & Toll Account Management (ETC, Toll Tags, Toll Invoicing) (TLABAMAC), Road & Tunnel Operations/Construction Interfaces (Tolling Infrastructure, Ventilation/Fire-Life-Safety Civil Works) (IMAFAEAL), Managed Services & Operations Outsourcing for Tolling/RUC Programs (TLAJABAL)

Keywords

• Highway concessions
• Toll road operations
• Road infrastructure
• Free-flow tolling
• Mobility services

Headquarters

HQ city

Nanterre

HQ country

France

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Toll Road Concessions: VINCI Highways generates primary revenue through long-term concession agreements (typically 30 years) with government authorities to operate toll highways, collecting toll fees from motorists. The network spans over 3,750 km across 14 countries including France, Germany, USA, Brazil, Colombia, Peru, Greece, and India.
2. Digital Subscription Services (Ulys): Multi-service subscription platform for mobility payments. Ulys platform provides badges for toll payments, parking, and charging services with over 6.8 million badges in circulation in France, representing over 70% market share. Revenue from subscription fees and transaction processing.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

VINCI Highways designs, finances, builds, and operates toll highways, urban road networks, bridges, and tunnels internationally under long-term government concession agreements. It operates a 3,750+ km road network across 14 countries and provides free-flow electronic tolling (ViaPlus), a digital mobility subscription platform (Ulys), and electric vehicle charging infrastructure across its concession portfolio.

Product overview

VINCI Highways is one of the world's leaders in road mobility concessions, operating as a division of VINCI Concessions. The company offers a comprehensive portfolio of highway concessions, toll operations, and digital mobility solutions. Its core product is the design, financing, construction, and operation of highway infrastructure (freeways, urban networks, bridges, tunnels) across 14 countries on a network exceeding 3,750 km. Key offerings include ViaPlus for free-flow toll solutions, Ulys for subscription-based mobility payment services in France, and regional highway concessions such as Entrevias and Via Cristais in Brazil. The company also provides 342 electric vehicle charging stations and has processed 2.5 billion free-flow transactions.

Differentiator

Problem solved

Functional benefit

Brands

• Entrevias: Brazilian highway concessionaire operating two toll road sections in São Paulo State totaling 570 km.
• ViaPlus
• Via Cristais
• Via 40 Express
• Lima Expresa

Products and services

• Highway Concessions and Operations Design, financing, construction and operation of freeways, urban networks, bridges, tunnels and toll services on a network of more than 3,750 km across 14 countries, delivered to government authorities under long-term concession contracts.
• ViaPlus Free-Flow Tolling Specialized free-flow mobility solutions enabling toll collection without physical barriers through automated vehicle detection and electronic payment systems; available to highway operators and concession grantors under service contracts.
• Ulys Mobility Subscription Platform

Quantifiable outcome

• 2.5 billion free-flow transactions processed
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• National Highway Authority of India (NHAI)coreStrategic or Co-development PartnerNHAI is the government authority granting Toll Operate Transfer (TOT) contracts for the nine highway concessions being acquired from Macquarie. These 30-year concession contracts covering ~700 km in Andhra Pradesh and Gujarat link key industrial and logistics corridors including the NH-16 Golden Quadrilateral route.
• National Highway Authority of India (NHAI)coreStrategic or Co-development PartnerVINCI Highways' India operations are governed by TOT contracts with NHAI. The transaction includes potential operational enhancements and toll digitalisation opportunities as part of the concession terms.
• ANTT (Agência Nacional de Transportes Terrestres) - BrazilcoreStrategic or Co-development PartnerBrazilian transportation regulator that awards highway concessions. VINCI Highways operates Entrevias (570 km São Paulo) and Via Cristais (Belo Horizonte-Cristalina) under 30-year concession contracts awarded by ANTT.
• ViaPlus (Subsidiary)coreTechnology or IntegrationViaPlus is a VINCI Highways subsidiary specializing in free-flow toll solutions. The subsidiary manages existing free-flow contracts across the United States, Europe, and India, processing 2.5 billion transactions. ViaPlus was launched in 2023 to reinforce technological leadership in tolling.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Transurban: Australian-listed toll road operator with a portfolio of urban and interurban motorways in Australia, North America, and Europe. Comparable long-duration concession model with strong free-flow tolling technology (Linkt) closely paralleling ViaPlus.
• Abertis: One of the world's largest toll road concession operators with a portfolio of ~8,500 km of highways across Europe, the Americas, and Asia. Directly comparable to VINCI Highways as a global PPP concessionaire with similar long-term government contracts and free-flow tolling initiatives.
• Mundys (formerly Atlantia): Italian-based global toll road and infrastructure operator managing motorway concessions across Europe, Latin America, and Asia. Operates the Autostrade per l'Italia network and Abertis stake; closely comparable in business model, concession duration, and international footprint to VINCI Highways.
• Ferrovial (Cintra): Through its Cintra subsidiary, Ferrovial is one of the world's largest private-sector toll road developers and operators with projects across the US, Canada, Spain, and Australia. Directly competes with VINCI Highways in PPP highway concessions and free-flow tolling technology.

Broad incumbents

• Macquarie Asset Management: Global infrastructure investor that divested the Safeway Concessions portfolio to VINCI Highways in 2026. Comparable bidder on toll road concessions worldwide and runs competing toll road assets through Macquarie Infrastructure and Real Assets.
• Brookfield Infrastructure Partners: Large infrastructure investor operating toll roads, ports, and utilities globally. Competes with VINCI Highways for toll road concession acquisitions and is part of the same institutional bidding universe (e.g., Macquarie's exit). Comparable scale of capital deployment but broader asset scope.
• Global Infrastructure Partners (BlackRock): Major infrastructure fund manager (now part of BlackRock) that invests in toll roads, airports, and energy infrastructure globally. Competes with VINCI Highways on PPP concession deals and brownfield toll road acquisitions.

Regional players

• CCR (Companhia de Concessões Rodoviárias): Brazil's largest toll road concessionaire operating ~3,600 km of highways. Directly comparable as a regional peer competing with VINCI Highways' Entrevias and Via Cristais assets in the Brazilian toll road market.
• Brisa: Portugal's largest toll road concessionaire operating the core Portuguese motorway network plus concessions in other geographies. Comparable long-term PPP operator in European markets overlapping with VINCI Highways' Iberian presence.
• IRB Infrastructure Developers: One of India's largest toll road developers and operators with a portfolio of build-operate-transfer and TOT concessions. Directly comparable to VINCI Highways' pending Safeway portfolio across the Indian highway market.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VINCI Highways