Cintra - Introduction

Introduction

  • The Company was founded in 1998 as a spin off from Ferrovial Group with the objective of focusing on Ferrovial's infrastructure development business. Initially Ferrovial's toll road assets were transferred to the new company and, subsequently, its car park assets were also transferred. A controlling stake continued to be owned by Ferrovial, which maintained a 66.88% shareholding. Cintra was reacquired in full by Ferrovial in December 2009. The deal was structured as a reverse takeover (despite both companies being publicly traded), resulting in Ferrovial taking Cintra's stock market listing and ISIN code.
  • Operating in Canada, Chile, Greece, Ireland, Portugal, Spain, and the USA, the company currently operates 23 highways (set to rise to 25: see 'recent developments' below) totaling 2,841 km. Its asset portfolio includes 3 North American highway concessions: majority stakes in the 407 Express Toll Route (407 ETR) in Ontario, the Chicago Skyway, the Indiana Toll Road; as well as various highways on the Spanish peninsula, such as Madrid’s M45, the Autema, Ausol 1 & II highways, and the Radial 4.
  • In 2005, Cintra was named strategic partner of the State of Texas for the subsequent 50 years, in order to help develop the Trans-Texas Corridor. It was to be operated in a partnership with San Antonio, Texas based Zachry Construction Company. Widely seen as one of the most ambitious infrastructure projects in the USA, the project was eliminated as the scope and invasive nature of the project was exposed. Cintra continues working with the local administration to deliver infrastructure.

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