FCC-Ferrovial consortium wins first section of Burgos-Vitoria high-speed rail line for €323 million

fcc edificio

Alphavalue/ Divacons | The two construction companies, through a consortium formed in equal parts by both groups, will build the first section of high-speed rail between Burgos and Vitoria. The award of this section of the Basque AVE, valued at €323 million, comes after the disqualification of other competitors such as ACS, Acciona, Sacyr, OHLA and Grupo San José.

The starting price for the tender proposed by Adif, the public railway infrastructure manager responsible for launching the tender, was €363 million. The five disqualified companies reduced this amount by 15% or 16% to between €304 million and €309 million.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.