- A new report highlights the positive impacts of Cintra’s toll roads in nine countries in the Americas, Europe, and Australia.
- They contributed to the creation of more than 334,000 Full Time Equivalent job-years through 2021.
- The roads make a vital contribution to well-being in society — in 2021 alone, they saved users more than 80 million hours.
Ferrovial, in collaboration with consulting firm Steer, has released Cintra’s Economic and Social Impact Report, which analyzes toll roads in several geographies.
The report examined 21 toll roads managed by Cintra, a subsidiary of Ferrovial, in the United States, Canada, Spain, Portugal, Ireland, the United Kingdom, Australia, Slovakia and Colombia. The report reveals the socioeconomic impacts of these toll roads — the benefits they generate for society — and those derived from the investment in them on the economy of these regions through December 31, 2021.
Steer drew on official national and regional data and project figures to create a comprehensive assessment framework for all the road assets. The firm also calculated the travel time saved and the reduction in accident numbers on the toll roads by comparison with a hypothetical scenario in which the roads do not exist.
At Cintra, we see investment in infrastructure as a strategic instrument for the development of society and the hinterland. The report attests to our toll roads' contribution as engines of economic growth and well-being, benefiting all citizens in the surrounding communities. Steer's work was very revealing, and we are grateful to have such a high-grade outside view of our toll roads.
Cintra’s toll roads generated a total GDP impact of $60.8 billion in the nine geographies up to the survey cut-off date, December 31, 2021.
Additionally, the report highlights the importance of the North American market for Cintra. The roads whose investment had the greatest impact on the economy are: 407 ETR in Canada ($12.1 billion), and LBJ ($6.8 billion) and NTE ($5.7 billion), both in Texas (USA).
Autema stands out among the Spanish toll roads covered by the report, as it logged the third-highest socioeconomic impact: $1.9 billion through 2021.
Steer’s report also highlighted the role of well-operated toll roads in terms of safety. In North America, Cintra’s assets are estimated to have prevented more than 21,600 accidents through 2021. as compared to a scenario in which they did not exist.
Ferrovial, a leading global infrastructure operator, is committed to developing sustainable solutions. It is a member of Spain’s blue-chip IBEX 35 index and included in the Dow Jones Sustainability Index and FTSE4Good; all its operations are conducted in compliance with the principles of the U.N. Global Compact, which the company adopted in 2002.
Cintra is the world’s leading private-sector transportation infrastructure company that has helped communities solve transportation issues by efficiently delivering innovative and effective infrastructure solutions that help drivers and commerce move around safely for more than fifty years. Globally, Cintra currently manages highways spread over 26 concessions in 9 countries, including Canada, the United States, Europe, Australia, and Colombia.
Steer is a global consulting firm that combines commercial, economic, technical and planning expertise to assist clients in the infrastructure and transportation sectors.