Construction Annual Report 2001
Steady growth in revenues
and earnings confirmed Ferrovial's position as
Spain's leading construction
company in terms of size and profitability.Through subsidiary Ferrovial Agromán,
we engage in all areas of civil engineering, building
and industrial construction (where we are market
leaders in water treatment plant engineering and construction).
Outside Spain, we have
stable construction businesses in several countries
in Europe and North
and South America, mainly linked to the Group's concession business and its
presence in Poland
via Budimex. Competitive
situation Construction
was again the Spanish economy's growth engine in 2001; it expanded by over
5%, far outstripping GDP.
The Spanish government's Transport
Infrastructure Plan 2000-2006, aimed at reducing Spain's
infrastructure deficit and
attaining real convergence with the more developed
countries of Europe, continues
to be one of the prime factors guaranteeing rapid growth for the sector in
the medium term. The
Plan envisages approximately €114
billion in investment, almost 2.5
times the amount invested in the last
ten years. The
Infrastructure Plan focuses on civil engineering, which will take over from
home building as
the fastest-growing segment of the industry. In
2001, the bulk of investment to improve
transport infrastructure was focused
on roads and high-speed rail. In contrast, home building
showed signs of flagging following
three years of over 10% growth. Source
of funds Public
sector 53%
European funds 29%
Private sector 18%
Budget allocation
Transport 53%
Telecommunications 5%
Energy 7% Water
and environment 17%
Health and education 17%
