Ferrovial Group

Infobox Company
company_name = Grupo Ferrovial, S.A.
company_
company_type = Public
foundation = 1952
location = Madrid, Spain
key_people = Rafael del Pino, Joaquín Ayuso, Nicolás Villén
industry = Construction, transportation & services
products =
revenue = € 14,657 million (2007)
operating_income = € 1,911 million (2007)
net_income = € 838 million (2007)
num_employees = circa 100,000 (2007)
parent =
subsid =
homepage = http://www.ferrovial.com
footnotes =

Grupo Ferrovial, S.A. ( _en. Ferrovial Group, BMAD|ES0162601019|FER) is a multinational Spanish company involved in construction, infrastructure, real estate, and related services. It is publicly-traded and is part of the IBEX 35 market value-weighted stock market index.

Ferrovial owns 62.5% of Cintra, a leading international toll road and car park operator. Sixty percent of the company is still owned by the Del Pino family, the founding family.

History

The Company was founded by Rafael del Pino in 1952 as a railroad construction company called Ferrovial (Spanish for "railroad").

In June 1995, Ferrovial acquired 98.27% of Agromán, [ [http://www.ferrovial.es/en/index.asp?MP=21&MS=593&MN=5 Ferrovial Business Lines: 1990s] ] another leading Spanish contractor.

In April 2000, Ferrovial bought 58.5% of the Polish construction company Budimex Dromex S.A., which led to Budimex strengthening its position in the Polish market. [ [http://www.fifoost.org/polen/pola.pdf Investment Profile Poland: Page 21] ] Budimex Dromex is now the biggest contractor (roads, buildings and pipe systems) in Poland. Ferrovial has now implemented a programme allowing Polish workers to work in Spain for at least a year to learn European standards.

In April 2003, Ferrovial acquired Amey plc, a British contractor and major investor in Tube Lines, one of the two public-private partnership companies responsible for the maintenance of London Underground's lines and rolling stock. [ [http://news.bbc.co.uk/1/hi/business/2952083.stm Spanish firm set to buy Amey] ]

In May 2003, Ferrovial acquired Belfast City Airport. [ [http://news.bbc.co.uk/1/hi/northern_ireland/2932246.stm Spanish firm secures Northern Ireland Airport] ]

In June 2006, a Ferrovial-led consortium purchased the British company BAA Limited, for £10 billion. [ [http://news.bbc.co.uk/2/hi/business/5050626.stm BAA agrees to Ferrovial takeover] ] BAA owns and operates seven British airports, including London Heathrow Airport, and operates or carries out retail management in several others.

Major projects

Major construction projects undertaken by Ferrovial include the Bilbao Guggenheim Museum completed in 1997 [ [http://www.ferrovial.com/en/index.asp?MP=14&MS=254&MN=3 Ferrovial history: 1990s] ] and Terminal 4 at Madrid Barajas International Airport completed in 2006. [ [http://www.ferrovial.com/en/index.asp?MP=21&MS=594&MN=5 Ferrovial history: 2000 - 2004] ]

Controversial investment in M3 motorway in Ireland

Ferrovial, through its subsidiary Cintra is one of the sponsors of the controversial M3 Motorway being built in Ireland, through the Hill of Tara archaeological complex. The project, valued at circa €650M, is funded by senior bank debt, shareholders' equity and grants from the National Roads Authority. Senior debt for the project has been provided by Banco Bilbao Vizcaya Argentaria, BBVA Banco Santander Central Hispano and Calyon. The contract is to design, build, finance and operate the 50km M3 Clonee to North of Kells project under a 45-year concession. EuroLink M3 is owned by SIAC and Cintra (Concessiones de Infraestructuras de Transporte S.A.). The Hill of Tara was placed on the World Monuments Fund 2008 List of 100 Most Endangered Sites. The campaign to save the has attracted a lot of international media attention from papers such as the Toronto Star. [ [http://www.thestar.com/World/Columnist/article/512894 'Celtic Tiger threatens 'very soul of historic Ireland'] ]

Via Baltica expressway halted by European Commission

Grupo Ferrovial and its Polish subsidiary Budimex were placed on the list of companies to engage with or exclude in 2007, as they did not comply with the "GES Global Ethical Standard", a model for international norms for the environment, human rights and business ethics. This was due to Grupo Ferrovial's involvement in a controversial Polish motorway and endangering a distinct type of wildlife when building a by-pass through an EU Special Protection Area (SPA). [ [http://www.ges-invest.com/pages/?ID=78 GES Global Ethical Standard] ] The European Commission took legal action and the road was halted.

References

External links

* [http://www.ferrovial.es/ Official website]