The ninth edition of the Women In Construction & Engineering awards took place on 23 May. The aim of these awards is to recognise the most outstanding women in Europe in the fields of construction and engineering and to give visibility to female talent in these sectors. Ferrovial's nominations resulted in 31 finalists in different categories and 2 winners. Congratulations to all of them!
Ferrovial has signed two new framework contracts with European Agency Fusion for Energy (F4E) to develop the electrical and civil engineering works for ITER, the biggest international scientific project in the field of fusion energy, under construction in France. These agreements reinforce the company’s position as a strategic partner for the innovative project, in which the company will participate in two works budgeted at 130.7 million euro. Ferrovial, in consortium with the French Groupe SNEF, is the preferred bidder among the two consortia that were short-listed to complete the installation of the ancillary electrical system for the ITER Tokamak complex, the building that will house the device. The 117.5-million-euro electrical engineering contract is made up by different task orders that F4E is assigning to the two selected consortia in Tender Batch 21 (TB21) lot 1 frame. Ferrovial has already been awarded the only task order published to date to install the cabling in the ITER galleries, with a budget of 7 million euro. Future task orders will cover the design, manufacturing and supply of power cables, communications cables and load centers, the development of fire protection systems, sub-distribution boards, and busbars.
Ferrovial, through its Polish construction subsidiary Budimex, and its partners within the ERB Rail joint venture, have laid the foundation stone in Latvia for the 3.7 billion euro Rail Baltica high-speed line, a key project for Europe’s railway interconnections. The ERB Rail JV, composed of Budimex S.A. (Poland), Eiffage Génie Civil SAS (France), and Rizzani de Eccher S.p.A (Italy), will build 175 engineering structures and 11 wildlife crossings on a railway line approximately 220 kilometers long. The groundbreaking ceremony took place in Riga and was attended by representatives of the European Commission and international partners from France, Italy, Poland, Lithuania and Estonia. During the ceremony, a time capsule was buried at the initial site to symbolize the commitment to future generations. This high-speed line will be a key driver for the development of transportation in the Baltic region. It will not only improve connectivity in Europe but will also boost economic growth and social cohesion throughout the area. The first part of the work will be carried out in the Bauska region of Latvia, where Rail Baltica’s maintenance center will be located. This will serve as the base from which the main line will be built, connecting with the existing rail network to maximize the use of rail for transporting materials and machinery.
Ferrovial, a leading global infrastructure company, announced today, through its construction subsidiary Webber, that it was awarded nine new contracts totaling $1.2 billion. The work includes roadway improvements, bridge construction, expansion of water treatment plants, and road maintenance. Ferrovial secured its first contract in Tennessee, expanding its presence in the U.S., the company’s largest market. Ferrovial acquired Houston-based construction company Webber in 2005. Over the past 20 years, the company has grown to improve roads, bridges and water infrastructure across more than 10 states in the U.S. Projects awarded: In Texas: 1. IH 27 in Randall County, $312.5 million 2. S. Highway (US) 60 Parmer County in Friona, $69.9 million 3. Walnut Branch Wastewater Treatment Plant (WWTP) and Geronimo Creek WWTP, $178 million 4. Paul Phillips Water Purification Plant, estimated $90 million 5. South Water Treatment Plant Expansion, estimated $58 millionc The Florida Department of Transportation selected the company for two projects that will bring significant improvements 6. I-10 at SR 95 in Escambia County, $236.3 million 7. I-10 at SR 10 (U.S. 90A) in Escambia County, $55.5 million The Tennesee Department of Transportation selected the company to maintain 286 centerline miles in the Nashville area 8. Nashville, $66 million In Canada, the company was awarded two contracts to support heavily trafficked roadways. 9. Niagara, $102 million 10. Toronto, $102 million
Ferrovial, a leading global infrastructure company, today announced Q1 results for the first time after being listed simultaneously in Spain, the Netherlands and the U.S. Adjusted EBITDA amounted €254 million in in the first quarter of 2024, a 37.6% like-for-like growth versus Q1 2023, due to the solid growth of the Toll Roads and Construction divisions. Revenue increased by 3.5% in like-for-like terms to €1.9 billion in the period. “Once again, the first quarter results reflect the strong performance of our key infrastructure assets, particularly in the United States. Revenues from our Express Lanes grew above inflation and GDP, demonstrating the value we bring to travelers with faster and less congested highways,” said Ferrovial CEO Ignacio Madridejos. “Listing on the U.S. stock market gives us access to greater financial resources, enabling new development opportunities to continue providing critical infrastructure to communities, helping them to flourish as their populations grow.” Ferrovial ended the first quarter with a solid financial position, with high liquidity levels reaching €4.9 billion and consolidated net debt of €-667 million, excluding infrastructure projects in both cases. During the period, cash consumption was driven by shareholder remuneration (€254 million) and investments, including equity contributions in New Terminal One at JFK International Airport and the investment in AGS following its debt facility refinancing.
Ferrovial SE (“Ferrovial” or the “Company”), one of the world’s leading infrastructure companies, is pleased to announce that the U.S. Securities and Exchange Commission (“SEC”) declared its registration statement on Form 20-F effective on May 8. Ferrovial’s ordinary shares will begin trading on the Nasdaq Global Select Market (“Nasdaq”) at the opening of the US market today under the ticker symbol “FER”. Upon commencement of trading, Ferrovial will become the first company in the IBEX 35 index to list its ordinary shares on Nasdaq. The Company has been present in the U.S. for over twenty years, building a substantial portfolio of infrastructure assets. The Company’s ordinary shares will continue to be listed and traded, under the ticker symbol “FER”, in Spain and in the Netherlands. The Company also notes that no shares are being offered as part of the additional U.S. listing. The admission to trading of Ferrovial’s ordinary shares in the U.S. represents a key step in the Company’s internationalization process and its growth commitment in North America. Ferrovial believes that this milestone will highlight the value of its assets and projects to U.S. investors with an interest in the infrastructure sector.
Ferrovial, one of the world’s leading infrastructure groups in terms of managed investment, has concluded the U.S. regulatory review process for the Company’s registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”), with the intention to directly list the Company’s shares on Nasdaq Global Select Market (“Nasdaq”). Following the conclusion of the U.S. regulatory review process, the Company has filed an acceleration request asking the SEC to declare its registration statement effective on May 8, 2024. The first day of trading on Nasdaq is expected to be on or about May 9, 2024. Ferrovial’s ordinary shares will trade under the ticker symbol “FER”. The Company will also continue to be listed and traded, under the ticker symbol “FER”, in Spain on the Madrid, Barcelona, Bilbao, and Valencia stock exchanges and in the Netherlands on Euronext Amsterdam. Ferrovial would thereby be the first company of Spanish origin in the IBEX 35 index to list its ordinary shares on a U.S. stock exchange. The listing will mark the Company’s inaugural presence on an exchange in the U.S., where it maintains a substantial portfolio of infrastructure assets. “The United States is a market we know well. We have been here for more than 20 years building and managing toll roads in Texas, Virginia and North Carolina, and are currently developing the new Terminal One at JFK airport in New York,” said Rafael del Pino, Chairman of Ferrovial.
Ferrovial has teamed up with U.S. technology consulting firm DXC Technology to jointly develop the platform known as Quercus to accelerate and scale the adoption of Generative Artificial Intelligence (AI) across the infrastructure company’s businesses and assets. DXC will oversee maintaining, developing, and marketing Quercus, which is based on a Ferrovial Generative AI project. Microsoft will provide the technology base for scaling up the platform. Quercus consists of a set of technology components and business logic that will serve as the basis for scaling the use of AI and building stable, fast and effective solutions for all types of companies and industries. It includes the necessary technical components to ensure data security and privacy, the ability to integrate with other systems, and coordination between different Generative Artificial Intelligence models. Because of its development capacity, Quercus will enable companies to reduce the time associated with the creation of new solutions adapted to their needs.
Ferrovial today announced the appointment of Claudia Husemann as director of communications and corporate social responsibility (CSR) for the United States. Husemann brings decades of experience leading strategic communications, translating complex sectors and business models in engaging ways to reach diverse audiences. She joins the company ahead of its public listing in the U.S., and as global leadership looks to North America for continued strong growth. “Claudia has a track record of success elevating brands for greater impact, and we’re excited to welcome her at such a pivotal moment in the company’s history,” said Patricia Leiva, director of global communications and CSR at Ferrovial. “As Ferrovial looks to strengthen its presence in the U.S. and beyond, Claudia’s expertise will be instrumental in shaping and sharing Ferrovial’s story.” Reporting directly to Leiva, Husemann will guide all aspects of Ferrovial’s communications strategy for the U.S. market. In this newly created role, she will drive greater brand awareness and deepen understanding of the scope and scale of Ferrovial’s operations in the U.S. Together with her team, she will promote Ferrovial’s innovation and leadership in delivering critical infrastructure such as highways, airports and energy.
Ferrovial has officially announced the appointment of Geerte Hesen as its new General Counsel and Secretary of the Board of Directors. Geerte Hesen brings to Ferrovial her extensive experience in the fields of corporate law, commercial transactions, compliance, and governance that she gained in prominent positions in various international companies. Prior to joining Ferrovial, Geerte Hesen was General Counsel and Company Secretary at Lumicks, where she oversaw strategic and governance projects. She also served as Deputy General Counsel at ASML, where she played a crucial role in the implementation of global governance and compliance practices. Previously, she fulfilled numerous legal roles at Philips, most recent leading the Legal Department at Philips Personal Health division, handling important aspects of corporate law, compliance, and commercial transactions. After nearly 16 years with the company, Santiago Ortiz Vaamonde will leave the position of General Counsel and Secretary of the Board of Directors of Ferrovial on May 14th, as part of a mutually agreed succession plan. To ensure an orderly transition, he will remain with the company until the end of the year as Senior Legal Advisor, reporting to the Chairman and CEO.
