Cintra takes part in the SEOPAN workshops

Infrastructures: recovering a strategic sector for Spain was the title chosen by SEOPAN (Association of Spanish Construction Companies), for its annual event at the Universidad Internacional Menéndez Pelayo held on the 3rd and 4th of July in Santander. As well as several professionals from Cintra being in attendance, José Ángel Tamariz, the Director for Europe and New Markets, and Javier Romero, the Legal Counsel Director and Secretary to the Board, played an important role in the event. This year, the event emphasised the importance of the recovery of activity in the infrastructure sector. An objective for which, according to SEOPAN, it is essential to bring about a profound reform of the system, accepting the economic conditions of the country and seeking alternative sources of financing, improving the concession framework in order to attract the great liquidity present on the markets, and re-establishing a relationship of trust between the administration and companies. Following the traditional opening on the part of the Public Administration, Julio Gómez-Pomar, Secretary of State for Infrastructure, Transport, and Housing, and the corresponding presentation of Julián Núñez, the President of SEOPAN, Javier Romero gave a presentation regarding the regulation of certain risks in legislation and concession contracts for the main countries in which Cintra currently operates as part of the panel on the concessions contract in the new Contract Law. Juan Antonio Martínez, the Director General for State Assets also took part in this panel. A little later, José Ángel Tamariz moderated the round table dealing with the vision of financers, in which Teresa García-Agulló Bustillo, Managing Director of BBVA, took part, alongside Sergio Rodriguez, Director for Spain and Portugal of Meridiam, and Antonio Morales, Director of Unquoted Investments for Mutua Madrileña. In this round table, they elaborated on the ideas of the financers to address and begin financing priorities in transport infrastructure in Spain, both from the point of view of financial entities, which have traditionally financed these projects in Spain, as well as from the point of view of equity and insurance investment funds. The event saw good attendance on the part of Cintra, with the CEOs, CFOs, and Operational Managers of all of our motorways in Spain in attendance, as well as representatives from the Legal Counsel Management Team and the Economic and Financial Management Team.