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Ferrovial
Ferrovial S.E. (Spanish pronunciation: [feroˈβjal]), previously Grupo Ferrovial, is a Spanish multinational company that operates in the infrastructure sector for transportation and mobility with four divisions: Highways, Airports, Construction, and Mobility and Energy Infrastructure. The Highway sector develops, finances, and operates tolls on highways such as the 407 ETR, the North Tarrant Express, the LBJ Express, Euroscut Azores, I-66, I-77, NTE35W, and Ausol I. The Construction business designs and builds public and private works such as roads, highways, airports, and buildings. The Mobility and Energy Infrastructure Department is responsible for managing renewable energy, sustainable mobility, and circular-economy projects. Ferrovial is present in more than 20 countries where its business lines operate.
In 2021, Ferrovial Services' infrastructure services area in Spain was sold to Portobello, and its Environmental business in Spain and Portugal was sold to PreZero (part of Schwarz Group).
Ferrovial was founded by Rafael del Pino y Moreno in 1952 as a company focused on railway construction. Its first works consisted of the renovation of tracks for Renfe and operating railroad tie sleeper workshops.
The company received its first international project, a railway project in Venezuela, in 1954. Two years later, it renovated the railway between Bilbao and Portugalete.
In the 1960s, Ferrovial focused on the road market through the Redia Plan11 and the concession of the Bilbao-Behobia Highway, the first toll road tendered with private financing and management in Spain. During 1974, the company obtained its second concession in Spain, the Burgos-Armiñón highway, which linked Burgos with Bilbao and the French border of Behobia. In the late 1970s, it began building 700 kilometers of roads in Libya, with completion in 1986.
In 1985, Ferrovial acquired Cadagua, an engineering and construction company for water treatment plants established in 1971. It began building the High-Speed Train between Madrid and Seville, as well as numerous infrastructure projects for the 1992 Olympic Games in Barcelona and the World Expo of Seville in 1992. In the same year, Rafael del Pino Calvo-Sotelo started as CEO, and he began to reorganize the company.
In 1995, Ferrovial purchased the construction company Agroman founded in 1927, which it returned to profitability three years later. In 1997, construction began on the Guggenheim Museum of Modern and Contemporary Art in Bilbao.
During 1999, Ferrovial went public, and integrated all its construction activity into Ferrovial Agroman. Following the founder's retirement in 2000, his son, Rafael del Pino Calvo-Sotelo, became chair. That same year, Ferrovial took over Budimex, then the leading Polish construction company in terms of turnover and market capitalization.
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Ferrovial
Ferrovial S.E. (Spanish pronunciation: [feroˈβjal]), previously Grupo Ferrovial, is a Spanish multinational company that operates in the infrastructure sector for transportation and mobility with four divisions: Highways, Airports, Construction, and Mobility and Energy Infrastructure. The Highway sector develops, finances, and operates tolls on highways such as the 407 ETR, the North Tarrant Express, the LBJ Express, Euroscut Azores, I-66, I-77, NTE35W, and Ausol I. The Construction business designs and builds public and private works such as roads, highways, airports, and buildings. The Mobility and Energy Infrastructure Department is responsible for managing renewable energy, sustainable mobility, and circular-economy projects. Ferrovial is present in more than 20 countries where its business lines operate.
In 2021, Ferrovial Services' infrastructure services area in Spain was sold to Portobello, and its Environmental business in Spain and Portugal was sold to PreZero (part of Schwarz Group).
Ferrovial was founded by Rafael del Pino y Moreno in 1952 as a company focused on railway construction. Its first works consisted of the renovation of tracks for Renfe and operating railroad tie sleeper workshops.
The company received its first international project, a railway project in Venezuela, in 1954. Two years later, it renovated the railway between Bilbao and Portugalete.
In the 1960s, Ferrovial focused on the road market through the Redia Plan11 and the concession of the Bilbao-Behobia Highway, the first toll road tendered with private financing and management in Spain. During 1974, the company obtained its second concession in Spain, the Burgos-Armiñón highway, which linked Burgos with Bilbao and the French border of Behobia. In the late 1970s, it began building 700 kilometers of roads in Libya, with completion in 1986.
In 1985, Ferrovial acquired Cadagua, an engineering and construction company for water treatment plants established in 1971. It began building the High-Speed Train between Madrid and Seville, as well as numerous infrastructure projects for the 1992 Olympic Games in Barcelona and the World Expo of Seville in 1992. In the same year, Rafael del Pino Calvo-Sotelo started as CEO, and he began to reorganize the company.
In 1995, Ferrovial purchased the construction company Agroman founded in 1927, which it returned to profitability three years later. In 1997, construction began on the Guggenheim Museum of Modern and Contemporary Art in Bilbao.
During 1999, Ferrovial went public, and integrated all its construction activity into Ferrovial Agroman. Following the founder's retirement in 2000, his son, Rafael del Pino Calvo-Sotelo, became chair. That same year, Ferrovial took over Budimex, then the leading Polish construction company in terms of turnover and market capitalization.