In the midst of the political crisis in Spain due to the relocation of Ferrovial’s headquarters to the Netherlands, hot water continued to increase its contract portfolio. UNITED STATES OF AMERICA. One of the biggest reasons Ferrovial moved and listed its headquarters in North America is that a large part of its business is conducted outside national borders, specifically in North America.
In the case of the infrastructure company led by Florentino Pérez, who is also president of Real Madrid, 52% of the contract portfolio and 62% of its revenue comes from the United States. To be precise, the company closed 2022 with the largest contract portfolio in its history, worth €68,996 million. Ferrovial, on the other hand, receives 82% of its revenue and makes 92% of investments made outside Spain between 2023 and 2027.
What contracts has ACS won in the USA?
Last week, the ACS, through an alliance led by Dragados, was sentenced to death. Joint Base Pearl Harbor Hickam Dry Dock 3 Replacement project, in Hawaii. The value of this contract is $2.839 million, or €2.669 million. If additional items are added, the contract can go up to $3,417 million. This new dry dock will be used to maintain future nuclear submarines and will be commissioned by five companies.
Turner, another subsidiary of Pérez’s company, Battery factory construction for electric vehicles in Kansas. The estimated investment amount for this project commissioned by Panasonic is $4,000 million. Earlier, Turner was awarded a similar contract: a battery factory and another battery factory in Kentucky built by Ascend Elements, where it will invest 4.35 billion euros with Honda and LG.
Since the outbreak of the ‘Ferrovial Case’, ACS’ interest in withdrawing its investments in North America has also emerged. as posted European Presscompany Negotiating sale of SH-288 highway in Texas with Abertisthat it controls 78% and is valued at over 2,000 million euros.
What investments will Ferrovial make in the USA?
The company, headed by Del Pino, has three major investments in the United States. First and foremost is the design, construction and operation of the facility. New Terminal 1 at New York’s John F. Kennedy International Airport. This concession, which will run until 2060, includes the replacement of the airport’s old Terminals 1 and 2 and the old Terminal 3. The value of this contract reaches 9,000 million.
of secondary importance highway I-66 in Virginia. Ferrovial’s toll road subsidiary Cintra, together with Meridiam and APG, will invest $3.7 billion in financing, design, construction, maintenance and operation of the dynamic toll for Interstate 66 near Washington DC. According to the information released by the company, the construction process ended at the end of last year.
The last big investment North Tarrant Express corridorServing since 2014 and its concession valid until 2061. A consortium, also led by Cintra, has opened a 13.25-mile highway in the Dallas-Fort Worth area of North Texas. This project involved an investment of $1,800 million, including maintenance of the runway until the end of the contract.