It will design and execute the extension of the Dublin M50 toll bypass, the country's main communication artery Ferrovial will be the construction company in charge of designing and building the extension of the M50 toll bypass in Dublin, Ireland. The construction project- led by Ferrovial Agroman in consortium with its local partner SIAC- represents 115 million euro and will be executed in 24 months. The M50, Ireland's main communication artery, distributes Dublin's traffic and is highly saturated, carrying nearly 85,000 vehicles per day. The extension carried out by Ferrovial's construction subsidiary will be technically complex since traffic will continue to use the road and the road's carrying capacity cannot be reduced. New lanes, new structures and repaving The project will extend from south of the Westlink Bridge to south of the Ballymount junction on the M50 toll road, taking in the N4, N7 and Ballymount junctions, Monastery Road and the corresponding link roads. The N4 and N7 junctions will be rebuilt and ten new viaducts will be built. The project also includes adding a third lane along 7.5 km, repaving, and building an additional ancillary 3.5 km lane between the N4 and N7 junctions. Ferrovial strengthens its presence in Ireland's construction market Ferrovial is the only Spanish construction company with projects under way in Ireland. In addition to the M50 extension project, Ferrovial is also building the M1 crossborder motorway between Dundalk (Republic of Ireland) and Newry (Northern Ireland, UK), which has a budget of 80 million euro, and it is involved in three building projects in Dublin and Kildare. Its presence in the toll road concession market (through Cintra) is also significant: this week, Cintra opened its first road in Ireland, the N4/N6 (328 million euro), which it has been built by Ferrovial, ten months ahead of schedule; and recently, the company was selected as provisional preferred bidder for the M3 toll road project in northwest Dublin, involving an investment of 600 million euro for a 45-year concession.