Connecting communities and strengthening our economy
Cintra’s Economic Development and Social Impact Report
Cintra
Cintra’s Economic Development and Social Impact Report
The report was carried out by the international consulting firm Steer, and it looks at 21 highways managed by Cintra, a subsidiary of the company. These highways are located across the United States, Canada, Spain, Portugal, Ireland, the United Kingdom, Australia, Slovakia, and Colombia.
A Growth Engine for North America
Cintra’s highways have generated a total impact of $60.8 billion in the GDP of those nine countries as of December 2021. The report also shows that their construction, maintenance, and management have created 334,000 Full Time Equivilent (FTE) jobs.
These highways have contributed to the fact that travel times for their users are considerably lower. In 2021, Cintra motorway users saved 81 million hours of travel. North America has benefited the most in this regard, with a total of 58 million hours saved.
As for the socioeconomic impact, highways improve mobility, reduce traffic, and contribute to the sustainable development of the regions where they are located. In all, they have generated $29.1 billion of economic value: $23.2 billion of this was due to shorter, more reliable travel times, $1.9 billion to better safety and emissions reduction, and $4 billion to increased productivity.
In North America, it is estimated that Cintra’s assets have prevented more than 21,600 accidents that would have otherwise occurred through 2021, while 2,650 serious accidents were prevented in Europe.
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Generation of $60.8 billion in our assets’ countries
$29.1B
Socioeconomic savings
334000
Jobs created
Reduction of
11.7M
travel hours until 2021
Reduction of
21650
road accidents (US/CA)
Preparation of the Report
The methodology used in the Economic and Social Impact Report provides a global, consistent, standardized assessment framework for all Cintra highways. The consulting firm Steer also highlights the role of these highways’ proper functioning in terms of safety.
In the U.S., Managed Lanes Drive the Economic Growth of the Communities in Which They Are Located
We’ve worked with the Steer consulting firm to prepare the Economic Development and Social Impact Report. The methodology used in the report provides a global, consistent, standardized assessment framework for all Cintra highways. The consulting firm also highlights the role of these highways’ proper functioning in terms of safety.
Our highways contribute to the social and economic development of society
The report concluded that our highways generate a significant socioeconomic impact for the regions where they operate. They are an engine of growth and critical for the proper functioning of society as they reduce travel time for citizens, are safe and sustainable and strengthen productivity.
