Ferrovial SE

Builds, owns and operates toll roads and airports around the world

What Ferrovial does

Ferrovial is an infrastructure developer and operator. It designs and builds large transport projects and, more importantly, holds long-term concessions to operate them — most notably managed toll lanes in the United States, Canada's 407 ETR toll highway, and stakes in major airports.

How Ferrovial makes money

Ferrovial earns from two engines: a construction business that builds infrastructure for fees, and a much higher-value concessions business that collects tolls and airport charges over decades. The concessions — often with traffic- or inflation-linked pricing — produce durable, growing cash flows, while Ferrovial recycles capital by developing, operating and sometimes selling stakes.

Products & services

• Managed toll lanes (US)
• 407 ETR toll highway (Canada)
• airport concessions
• construction & engineering