- They contributed to the creation of more than 334,000 total jobs through 2021.
- The roads make a vital contribution to well-being in society — in 2021 alone, they saved users more than 81 million hours.
- The Quadriga Report highlights the positive impacts of Cintra’s toll roads in nine countries in the Americas, Europe and Australia.
Ferrovial, in collaboration with consulting firm Steer, has released the Quadriga Report, which analyzes the economic and social impact of its toll roads in several geographies.
According to the Report, Cintra’s toll roads, a subsidiary of Ferrovial, generated a total GDP impact of $60.8 billion in the nine geographies up to the survey cut-off date, December 31, 2021. The Quadriga Report also reveals that construction, maintenance and management of the roads created 334,000 jobs.
Quadriga examined 21 toll roads managed by Cintra, 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 from the start of each concession until December 31, 2021.
“At Cintra, we see investment in infrastructure as a strategic instrument for the development of society and the hinterland. The Quadriga Report attests to our toll roads’ contribution as engines of economic growth and well-being, benefiting all citizens in the surrounding communities“, stated Brooke Akins, Global ESG Director of Cintra.
Commitment to social and economic development
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.
Quadriga 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 socio-economic impact: $1.9 billion through 2021.
In terms of social impact, the roads also contributed to a considerable reduction in travel times for their users. In 2021, users of Cintra toll roads saved 81 million hours of travel time. North America benefited the most in this connection, accumulating savings of 58 million hours.
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 21,650 accidents through 2021 as compared to a scenario in which they did not exist, while in Europe they avoided 2,655 serious accidents.
Cintra, Ferrovial’s toll road division, is one of the leading developers and operators of transport infrastructure concessions. It currently manages 1,475 kilometers under 23 concessions in eight countries. It operates the following roads, among others: 407 ETR (Toronto), NTE and LBJ (Texas), I-77 (North Carolina), I-66 (Virginia), as well as Autema, A-66 and Ausol (Spain).