{"id":123237,"date":"2023-11-30T20:28:01","date_gmt":"2023-11-30T19:28:01","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/?post_type=press_release&p=123237"},"modified":"2024-12-09T18:16:09","modified_gmt":"2024-12-09T17:16:09","slug":"ferrovials-highways-drive-26-billion-in-economic-value-in-the-us-more-than-64-billion-globally","status":"publish","type":"press_release","link":"https:\/\/newsroom.ferrovial.com\/en\/press-releases\/ferrovials-highways-drive-26-billion-in-economic-value-in-the-us-more-than-64-billion-globally\/","title":{"rendered":"Ferrovial\u2019s highways drive $26 billion in economic value in the US, more than $64 billion globally"},"content":{"rendered":"
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Ferrovial, a global infrastructure operator, through its highways business Cintra, has contributed $64.3 billion in the areas in which it operates through 2022, according to \u2018Economic and Community Impact of Ferrovial Toll Roads<\/em><\/a>\u2019, an economic impact report released today by a global consulting firm. In the U.S., the company\u2019s toll roads division contributed $26 billion, supported 136,900 Full Time Equivalent (FTE) job-years and generated $11 billion in value to travelers and communities, which analyzes travel time, reliability, safety, emissions and more.<\/p>\n

\u201cWe are committed to investing in our highway infrastructure, which serves as an economic engine for growth. Our projects have brought relief to some of the nation\u2019s most congested corridors, enabling businesses and communities to thrive,\u201d said Andres Sacristan, Cintra CEO. \u201cWe understand that our work has a significant impact on the communities where we operate, and we are committed to supporting these areas through philanthropic efforts and strong partnerships to create lasting value. We believe that by working together, we can create a brighter future for everyone.\u201d<\/p>\n

The study, commissioned by Cintra, was conducted by Steer<\/a>, a consulting firm that specializes in economic impact analysis in infrastructure and transportation.<\/p>\n

“It’s always been important for us to measure the economic and community value that our projects generate,\u201d said Brooke Akins, Global ESG Director, Cintra. \u201cWith Steer’s help, we have developed a reliable and robust way to continue monitoring our projects over time, helping us grow and protect the value generated moving forward.\u201d<\/p>\n

In the analysis, 34 assets were examined in the United States, Canada, Spain, Portugal, Ireland, the United Kingdom, Australia, Slovakia, Colombia and India. The report reveals the impact of these toll roads to regional economies \u2014 the benefits they generate for society \u2014 from the start of each concession until December 31, 2022.<\/p>\n

Commitment to connecting communities<\/strong><\/p>\n

The report concluded the toll roads improve mobility, reduce traffic, and contribute to the sustainable development of the regions where they are located.<\/p>\n

The North American portfolio includes three assets in Ontario (407ETR and two extensions), three assets in Texas (North Tarrant Express (NTE), NTE 35W and LBJ), which are all located in the Dallas-Fort Worth area, a single asset in North Carolina (I-77) and a single asset in Virginia (I-66).<\/p>\n

Among the highlights in the report:<\/p>\n