At euros 112.8 million, Ferrovials net income is up 55.7% in the first nine months of the year.
·The project represents an investment of Ptas 99.5 billion and has a 65-year concession.
·It is the largest civil works contract adjudicated in Spain.
·Ferrovial will now be managing 17 motorways. The Group ranks first in the concession market in terms of committed investment, at a total of Euros 1,256 million.
·The consortium is formed by the Ferrovial Group, through its subsidiary Cintra, with a 45% stake , Europistas (25%), ENA (10%), Unicaja (10%) and Caja Castilla La Mancha (10%).
·One of the novelties in tariffs is free tolls at night.
Ferrovial, through Cintra, with Europistas, ENA and the banks Unicaja and Caja Castilla La Mancha, has won the concession contract for the R-4 toll road, between Madrid and Ocaña. The project, 96 km in length, implies an investment of Ptas 99.5 billion and has a 65-year concession.
The future R-4 is the largest civil works contract adjudicated in Spain. The concession includes the construction, funding and running of the stretch between the M-50 and Ocaña, apart from the Madrid ringroad M-50 between the N-IV and N-II highways; the Eje Sureste (South-east Axis) between the M-50 and the M-40; the connection of the N-II roads with the distributing roads in San Fernando and improvement projects on the stretch of the M-50 between the N-IV and the M-409. Of these projects, only the radial road R-4 between the M-50 and Ocaña (54 km) will be a toll road, while the remaining 42 km will be toll-free.
The winning consortium is led by the Ferrovial Group, which takes part through its subsidiary Cintra, with a 45% stake. The other members of the consortium are Europistas (25%9, ENA (10%), Unicaja (10%) and Caja Castilla La Mancha (10%).
Free tolls at night
The winning bid includes technical improvements; amongst these are the widening of the initial stretch of the R-4 (M-50 to M-408) to 3+3 lanes and the widening of the M-40-M-45 stretch of the southeastern axis to 4+4 lanes.
At night no tolls will be paid and the tariffs to be applied will depend on the time of day. The bid includes discounts for frequency of use, which are of as much as 55% as from trip number 35; discounts for using teletolls and an open toll system which includes a new semi-link road for access to the town of Fuenlabrada.
17 motorways and the leaders in the volume of investment
With the contract for the R-4, Ferrovial through Cintra- will be managing 17 toll motorways. It also consolidates its leading position worldwide in terms of the volume of committed investment, over Euros 1,256 million (in excess of Ptas 210 billion).
In Spain, Cintra manages 8 motorways (Europistas, Eurovías, Autema, Autopista del Sol, Estepona-Guadiaro, M-45 and the Artxanda Tunnel and R-4). It manages 1 motorway in Portugal, 4 in Chile, another 3 in Colombia and 1 in Canada, the ETR 407 in Toronto, with an investment of over Ptas 400 billion.
Cintra also manages 11 airports in the United States, Mexico and Chile and is the national leader in car park development, with a total of 130,000 spaces in Spain, Portugal and Puerto Rico.