(Ferrovial) History

The Early Years

Rafael del Pino y Moreno founded Ferrovial in 1952. The construction company grew rapidly, landing its first international contact in Venezuela in 1954. A decade later, the Company's workforce had grown to 500 employees and its revenues totaled 750,000 euros.

Consolidation

The sixties marked a major milestone for Ferrovial, consolidating its position in the highways sector. It joined the Redia Plan for road construction in 1964 and in 1968 was awarded the Bilbao-Behobia (Europistas) highway concession.

During this period Ferrovial bolstered its positioning in the water projects industry, which culminated with the acquisition of Cadagua in 1985. Ferrovial also strengthened its international presence when it gained a foothold in the Libyan road construction project.

Growth

Ferrovial's growth phase took off in the early nineties with the construction of the AVE (high-speed railway) and the Seville Expo and Barcelona Olympic Games projects. A key decade for the Company's future, it was at this time that Rafael del Pino Calvo-Sotelo was named Chairman of the Company (1992) and Ferrovial acquired the historical construction company Agroman (1995). The construction of the Guggenheim Museum in Bilbao, two years later, marked the crowning point of this period.

Internationalization and Diversification

• Cintra incorporated. Entry into the airport management business.
• Stock Exchange listing. Concession of the 407 ETR highway in Toronto, Canada.
• Rafael del Pino Calvo-Sotelo, Chairman of Ferrovial. Joaquín Ayuso, Executive Director. Acquisition of Budimex, a leader in Poland.
• Amey and Cespa acquisitions.
• Cintra listed in the Stock Exchange. First concession in the U.S. Construction of Terminal 4 at Barajas Airport, Madrid.
• Swissport and Webber acquisitions.
• Acquisition of BAA.
• Cintra-Ferrovial merger. Íñigo Meirás, Executive Director. NTE and LBJ concessions in Texas.
• Sale of Swissport.