The Spanish construction group has been awarded one of the largest road contracts of the year in the US to expand the I-35 interstate highway in Texas, with a budget that means 20% of the group’s total 2020 revenues. Ferrovial was chosen in 2005 as a strategic partner of the Texas government to design and build the TT Corridor 35. Furthermore, this US state is one of the Group’s largest markets given that its three largest consolidated concessions globally are located there.
Ferrovial US market
Banc Sabadell | According to the press, Denver International Airport (US) has unilaterally cancelled the contract which was awarded in 2017 to the Great Hall Partners consortium (in which Ferrovial holds 80%) to remodel and operate commercially for 34 years its main terminal.
Ferrovial will have a new source of dividends in 2019, when it will begin to receive them from one of the motorways it operates in Texas (US), the North Tarrant Express, the 21,4 kilometres long road linking Dallas and Forth Worth.
Ferrovial has succeeded breaking into the US market with its services division as well, thanks to the business Broadspectrum has brought it in that country. It bought Broadspectrum two years ago in Australia.