GUIPÚZCOA | Australia’s minister for Transport Gladys Berejiklian announced CAF has been selected for the $20 million contract for the supply of new vehicles to run on the Inner West Light Rail Extension. The project is due to be completed in 2014. The new light rail vehicles will operate on the Inner West Extension and integrate with the rest of the light rail network. “The Spanish company Construcciones y Auxiliar…
Next Autumn, a panel of arbitrators will open hearings over the New York dispute confronting Spanish construction giants OHL and ACS, which blame each other for the mismanagement of tunnel excavation costs in their joint venture for a subway project. But its outcome is unfortunately known, already: it is set to please nobody. Least of all investors in both companies, analysts in Madrid say. Works to extend the Long Island metropolitan…
MADRID | Bankia shares seem to have become a toy amid high volatility on the Madrid stock market index Ibex35. This week so far the entity suffered a -16.08 percent loss of price in two consecutive sessions, after the State fund for banking restructuring FROB announced that stockholders will be partially shouldering, too, the costs of the rescue of the bank with taxpayer money. Banco de Valencia stock fell by -23.8…
LONDON | July brought fewer travellers to the five British airports of BAA, the operator owned by the Spanish company Ferrovial. BAA said 9.6 million passengers passed through its airports in July 2012, down -4.1% comparing to the same month in 2011. The drop in numbers at Heathrow was of -4.4% to 6.6 million passengers. The loss was more pronounced in the second half of the month. The consortium explained in a…
For days, Standard Chartered executives had been negociating with multiple law-enforcement officials in New York in order to settle claims that it laundered $250 million for Iran. The final move came on Tuesday, when the british bank decided to open its wallet. The $340 million deal is huge, only beaten by the one reached by the Justice Department and the Manhattan district attorney over money laundering charges with ING bank…
The crisis is not treating equally everyone within the manufacturing car sector. Take Kia Motors Corporation. The South-Korean giant recently announced that its global sales figures, including export sales, domestic sales and sales from overseas plants, have jumped on the upward trend. In passenger cars, recreational vehicles and commercial vehicles for July 2012, the company recorded a total of 226,818 units sold. It represents a year-on-year increase of an enviable…
LONDON | Amey, Ferrovial Services’ British subsidiary, was named today preferred bidder to take on a highways maintenance contract with Calderdale Council worth up to £120 million. Amey has been Calderdale’s highways maintenance and street lighting provider since May 2000, “and this announcement signals the start of new five year contract with Calderdale Council providing a wider range of services. The contract will begin in October 2012 for five years, with the option to extend…
MADRID | Habitat Bankia, BFA Group-Bankia’s property company, announced it has sold over 2,400 real estate assets between January and June of this year. The value of these operations amounts to €230 million. These units from foreclosed assets and the pace of divestment reflects an increase of 17% year on year. In a market environment characterised by continued declines in sales and purchases, the decision of downsizing its real estate…
MADRID | Spanish technology corporation Indra signed two contracts with Brazil’s Caixa Económica Federal. Indra will provide communication system services for an estimated €37 million during a period of four years. The contracts include specialised technical services for the development and maintenance of information technology programmes related to product portfolio in loans and financing and risk management. Caixa Económica Federal, one of the largest banks in Brazil, is also the largest…
MADRID | Indra has been awarded this August a contract by Hispasat to develop and implement the ground control systems that will manage the new Amazonas-3 communications satellite. This satellite, which will be located at the Brazilian orbital position 61º West, will be launched into space in the second half of the year. Indra has collaborated closely with Hispasat for approximately 20 years. Over this time, it has implemented the…