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| Type | Public |
|---|---|
| Founded | 1952 |
| Headquarters | Madrid, Spain |
| Key people | Rafael del Pino, Joaquín Ayuso, Nicolás Villén |
| Industry | Construction, transportation & services |
| Revenue | € 14,657 million (2007) |
| Operating income | € 1,911 million (2007) |
| Net income | € 838 million (2007) |
| Employees | circa 100,000 (2007) |
| Website | http://www.ferrovial.com |
Grupo Ferrovial, S.A. (English: Ferrovial Group, BMAD: 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.
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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,[1] 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.[2] 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.[3]
In May 2003, Ferrovial acquired Belfast City Airport.[4]
In June 2006, a Ferrovial-led consortium purchased the British company BAA Limited, for £10 billion.[5] BAA owns and operates seven British airports, including London Heathrow Airport, and operates or carries out retail management in several others.
Major construction projects undertaken by Ferrovial include the Bilbao Guggenheim Museum completed in 1997[6] and Terminal 4 at Madrid Barajas International Airport completed in 2006.[7]
Ferrovial is one of the sponsors for the controversial M3 Motorway being built in Ireland, through the Hill of Tara archaeological complex.[8]
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).[9] The European Commission took legal action and the road was halted.
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