Central Texas RMA awards another toll road contract to Spanish firms Cintra-Ferrovial
- Agroman, through Webber, will build a 10-kilometer section of the Manor Expressway, northeast of Austin, Texas.
- Construction is expected to commence in June 2011 and will provide faster access to downtown Austin.
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Madrid- Ferrovial, through Webber, Ferrovial Agroman's US construction subsidiary, has been named Preferred bidder in consortium with Texas Sterling Construction Company to design and build a 10-kilometer (6.2-mile) section of the Manor Expressway, northeast of Austin, Texas.
This contract, worth 150 million euro (207 million dollars), was awarded by the Central Texas Regional Mobility Authority. Construction is expected to last from June 2011 until January 2014.
When the project is completed, Manor Expressway will connect State Highway 130 and Interstate 35 in downtown Austin. This new road will better connect the city's main business areas, residential zones, schools and suburbs.
Presence in the US
Ferrovial is one of Spain's leading investors in the US and its largest investor in US transport infrastructure. Through Cintra, it has five toll road concessions which are operational or under construction: Chicago Skyway, Indiana Toll Road, and SH 130, NTE and LBJ in Texas. Those five roads together represent a total investment of close to 9.8 billion euro. Webber is a leading civil engineering company in Texas. The company was acquired by Ferrovial Agroman in 2005. In 2010, Webber's revenues totalled 490 million euro (up 12.5% compared with 2009) and it had a backlog of 1.529 billion euro (up 37% like-for-like).
Founded in 1952, Ferrovial is one of the world's leading infrastructure groups, operating through its airports, toll roads, construction and services divisions. It has some of the world's top privately-owned infrastructure assets, such as 407 Express Toll Route in Toronto, London's Heathrow Airport, Chicago Skyway and Ausol toll road in Spain. Ferrovial is part of Spain's blue-chip IBEX-35 index and also of the prestigious DJSI and FTSE4Good sustainability indices.
© 2011 Ferrovial: www.ferrovial.com
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