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Ferrovial

Ferrovial - Integrated annual report 2013 / Construction in Spain

The Construction Division in Spain operates in all areas of civil works and building. Turnover stood at 923 million euro, with an order backlog totaling 1.964 billion, both showing declines of 27% and 12% respectively on the previous year (not including the domestic operations of Cadagua).

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Despite these declines, business margins have been maintained at very favorable levels, thanks to selective contracting, consistent structural cost adjustments and the freeing-up of provisions on completion of projects, which has not been offset by the start of new projects.

The biggest contracts awarded this year were the Hospital de Valdecilla in Cantabria (70 million euro, in a joint venture at 75%), the building of 229 homes on Calle Guatemala in Madrid (23 million euro), phase 1B of the container terminal at the Prat dock in the Port of Barcelona (28 million euro, in a JV at 60%), the water supply networks to the towns of lower Iregua in La Rioja (16 million euro, in a JV at 65% including the participation of Cadagua) and the buildings of the Biomodo project in the Consortium of the Science Park in Granada (10 million euro, in a JV at 90%).

In 2013, multiple major works were opened, such as the Telefónica Data Processing Center (DPC) in Alcalá de Henares, the sections of the AVE high-speed rail link between Mollet del Vallès-Montornès del Vallès and Villafranca del Duero-Coreses, the Otur-Villapedre section of the A-8 Cantabrian Highway, the National Historical Archives of the Basque Country, the 3M Client Innovation Center and the underwater sewage outlets in Gorliz in Vizcaya.

Awards received in the year include the “Award for the Best Civil Works Project in 2013” from the Madrid Association of Civil Engineers for the rail access to T4 of Barajas Airport, the various recognitions earned for the new Telefónica DPC, such as “The Most Ambitious Construction Project for a Data Center” granted by the Data Center Market magazine, and First Prize from the Official Association of Architects of Madrid for the “Plaza Mayor” building at Universidad Autónoma de Madrid.