From its beginnings in 1952 Ferrovial has become a major global leader in infrastructures and services. 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.
Towards the end of the 1970s, during the recession caused by the oil crisis, Ferrovial decided to explore opportunities in other countries. Its first international projects were concentrated in four countries: Libya, Mexico, Brazil and Paraguay.
Ferrovial played a very important role in modernising Spain and making it more European after it joined what was then called the European Economic Community. The company was one of the key players in building the network of highways and accesses to the big cities, and in expanding and modernising the ports, airports and railways, as well as building new schools and hospitals. During this time, Ferrovial acquired Cadagua, a company specialised in designing, building and operating drinking water and sewage treatment plants.
In 1992, Rafael del Pino Calvo-Sotelo was appointed as CEO. By acquiring Agromán, Ferrovial positioned itself as one of Spain’s largest construction companies. Ferrovial entered North America by obtaining 407 ETR, a Canadian toll road, under a 99-year concession. The company was floated on the stock exchange in 1999.
In 2000, Rafael del Pino Calvo-Sotelo was appointed Chairman of the company. Ferrovial made important acquisitions during this decade: Polish construction company Budimex, services companies Amey in the UK and Cespa Spain, and the airport operator then called BAA, now Heathrow Airport Holdings.
In 2013 Ferrovial acquired Enterprise, a UK company specialized in Services. In 2014 the company acquired Glasgow, Aberdeen and Southampton airports. Nowadays, Ferrovial is one of the world’s leading infrastructure operators and municipal services companies, committed to developing sustainable solutions. The company has 74,000 employees and a presence in over 15 countries.
Its main business areas are: Services, Toll Roads, Construction and Airports. It is a member of Spain’s blue-chip IBEX 35 index and is also included in prestigious sustainability indices such as the Dow Jones Sustainability Index and FTSE4Good.