From its beginnings in 1952 Ferrovial has become a major global leader in infrastructures and services, with a turnover over 7 billion euros, 74,000 employees and operations in 15 countries.
Rail and water works
On 18 December 1952, Rafael del Pino y Moreno founded Ferrovial in an attic in central Madrid. The company's name derives from the Spanish word for railway, and the company originally focused on railway projects: it was created to execute a contract to mortise wooden rail ties for Renfe, the Spanish railway company. In 1958, Renfe awarded Ferrovial the project to build the railway link between Las Rozas and Chamartín, in Madrid; it laid 30 kilometres of track in 30 days.
At the beginning of the decade, Ferrovial had over 500 employees. The company expanded into constructing waterworks, roads and buildings, and also moved into the toll road concession business. Ferrovial diversified into projects that were highly complex in both engineering and financial terms.