Vinci dropped from France’s A355
However, the state has now decided not to give the company any more time and has withdrawn Vinci from the process.
Nonetheless, Vinci insisted it remains committed to the scheme, pointing out that "several banks had already confirmed their participation in the financing of the project".
"The extension of the preferred bidder status beyond 28 May 2012 would have enabled the last two financial institutions to confirm their participation in the project and finalise the financing arrangements within the maximum authorised timeframe," the firm said.
The future of the 55-year contract to design, finance, construct, operate and maintain 24km of motorway is now unclear.