MIRA-managed funds made their initial investment in APRR in 2006, before partnering with a co-shareholder to take the business private. In 2012, APRR was successfully delisted from the Euronext Paris exchange.
Recognising the important role APRR’s motorways play in connecting French communities and supply chains, MIRA and its co-shareholders supported the business as it developed its network, enhanced safety outcomes, and improved the customer experience.
During MIRA’s 14-year association with the business, APRR delivered more than €5 billion of investment to expand and upgrade its network.
MIRA supported APRR as it led the development of approximately 200 kilometres of motorway. These works included the A41 north motorway (ADELAC), a key commuter and leisure traffic link between Annecy in eastern France and Geneva in Switzerland, and a project to increase the capacity and safety of Route Centre-Europe Atlantique, a nationally important east-west link connecting Montmarault and Digoin.
Alongside these works, APRR also invested to improve the efficiency and safety of its existing network – widening roads and upgrading service areas. The installation of emergency telephones, as well as safety cameras and sensors, enabled APRR to successfully halve fatalities on its network during the period of MIRA’s investment2. Over the same period, health and safety incidents amongst APRR’s workforce fell by a third2.
MIRA supported APRR as it implemented a number of initiatives designed to reduce the impact of its network and operations on the natural environment.
To support local ecosystems, APRR expanded the number of wildlife crossings across its network. APRR also invested in water treatment facilities to remove pollutants from stormwater runoff, installed noise reduction barriers, established recycling collection points, and led an extensive tree planting programme.
In addition to these initiatives, APRR enabled road users to reduce their CO2 emissions by installing approximately 60 electric vehicle charging stations across its network. The business also increased the number of car-pooling car parks along its motorways and replaced its service fleet with electric vehicles.
Initiatives such as these helped APRR reduce its CO2 emissions by more than 10 per cent in the three years prior to MIRA’s divestment2.
Stephane Brimont - Managing Director