June 5, 2012 / 4:52 PM / 5 years ago

Vinci loses preferred bidder status on project

PARIS, June 5 (Reuters) - Vinci said on Tuesday that the French government had told the construction and concessions group that it had lost "preferred bidder" status on a 750 million euro project to build a toll road bypass around Strasbourg.

Vinci said in a statement that several banks had already confirmed that they would participate in the financing of the project, which a source told Reuters last week has run into local political opposition.

Reporting By Christian Plumb; Editing by Lisa Von Ahn

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