Ferrovial is awarded the improvement of a highway in the US for 192 million

Ferrovial gains strength in the US. The company chaired by Rafael del Pino, through its North American construction subsidiary Webber, has won a contract for 229 million dollars (about 192 million euros) to carry out the improvement works on a section of the I-16 / I-75 highway, located in the city of Macon, Georgia (United States). The group will carry out this ‘mega-contract’ in a joint venture with the US company United Infrastructure Group. The term of execution of the award ends at the end of 2024.

The project includes the expansion and reconstruction of a section of more than 7.4 kilometers, the construction of 21 bridges, in addition to rebuilding the links to I-16 / I-75. These works will improve the highway thanks to the provision of wider shoulders, concrete barriers and additional lanes along most of the section.

With this contract, Webber adds his second project in Georgia. Currently, Ferrovial’s US Construction subsidiary is carrying out the rehabilitation of I-75 / SR 401 in Clayton and Henry counties in the same state. In addition, it has recently been awarded the renovation and expansion of the FM 1960 highway in Houston for 70 million dollars, the improvement of IH 35 in Laredo for 115 million dollars and the reconstruction of the Texas highway in Dallas SL12 for 301 million dollars. Together, Webber currently develops more than 40 projects in Texas, Virginia and Georgia.

Ferrovial already announced its Plan Horizon 24 in which it pointed out its growth focus on the development of sustainable infrastructures with projects of high concession value, designated the North American market as a key development. This contract reinforces the company’s presence in North America, its largest market by revenue, where it has six Managed Lanes in its portfolio located in Texas (LBJ, NTE and NTE 35W), Virginia (I-66) and North Carolina (I -77). Ferrovial Construction has been present in the country for more than 15 years and it has built vital infrastructures such as the Managed Lanes, in Dallas-Fort Worth, or segments of the SH 99 Grand Parkway, in Houston.

The yoke of the collapse of air traffic weighed down Ferrovial, which lost 410 million euros at the end of last year despite improving its sales

The yoke of the collapse of air traffic weighed down Ferrovial, which lost 410 million euros at the end of 2020 despite improving sales. The company chaired by Rafael del Pino last year earned 287 million more than in 2019, but the effect of Covid-19 left its mark on its results, despite the relative improvement in its infrastructure business. The company ended the pandemic year with a consolidated net debt of 2,541 million euros, compared to 2,957 registered in December 2019.

The global air halt, intensified by travel restrictions in the United Kingdom, led to a 72.7% cut in traffic at Heathrow, the group’s star airport, which resulted in a 61.7% drop in sales %. Ferrovial details that Heathrow has a treasury and committed credit lines for the value of about 3.9 billion pounds, with which the company expects to be able to meet all the payment obligations of the asset, at least until April 2022 in a scenario without income, or until 2023 if the traffic forecasts that are now valued are given.

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