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Ferrovial

Ferrovial - Integrated annual report 2013 / Restoration of buildings

In the city, urban restoration of buildings using energyefficient criteria for both housing and the commercial sector, is considered by experts as the future of building activity. For the last few years Ferrovial has spearheaded, particularly in Spain, an initiative that aims to refocus the business model in the sector, which until now has been based on new construction, toward a new approach geared toward the improvement of living conditions in the existing building stock.

This option offers several significant benefits. A report from the Working Group For Rehabilitation (Grupo Técnico de Rehabilitación - GTR), of which Ferrovial is a member, calls for an ambitious urban renewal and energy rehabilitation program, involving 10 million homes in Spain by 2050. The program is a great opportunity due to its potential in terms of generating economic activity and, in particular, creating an estimated 140,000 jobs per year in Spain alone.

The latest report presented at the end of 2013 is available from the following link.

Ferrovial made significant progress in 2013 in a pilot project for energy rehabilitation and urban renewal across Spain. This year a prior agreement has been reached to create a consortium that can develop renewal projects in the cities of Madrid and Zaragoza, affecting more than 2,800 homes in both cities in an initial phase. The consortium is made of up Ferrovial, together with a leading company in the energy sector, the municipal housing companies of the two cities, and the European Climate Foundation (ECF). The ECF has stated among its objectives the development of a pilot energy renewal project on a large scale in Spain, to serve as a success story for other Member States of the European Union.