Ferrovial - Annual Report 2010

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Spanish version

Toll roads

Spain

Alcalá-O’Donnell toll road (M203)

  • Located in a highly congested area, above all in the area of Alcalá de Henares.
  • The toll road will significantly improve access from the Henares corridor to the center and south of Madrid, by creating a new alternative to the A-2.
  • Toll rates are inflation-indexed.
  • The duration of the concession period may be extended by one year, depending on the accident rates.

Autema highway

  • In 1999, the concessionaire reached an agreement with the regional government of Catalonia whereby, in exchange for substantial rate reductions (considered in the public interest), the government would pay the company the shortfall in the operating revenue under the Finance Plan approved by Decree 137/1999, of May 18, plus an adjustment for higher operating expenses due to increased traffic caused by rate reduction.
  • Toll rates are inflation-indexed.

Ausol I highway

  • A highway in one of the corridors with the biggest demographic growth rates in Spain.
  • Rates vary according to the time of year, with high season being during the summer months and at Easter.
  • Alternative route to a highly congested semi-urban corridor.
  • Toll rates are inflation-indexed with an adjustment if traffic exceeds established thresholds.

Ausol II highway

  • A highway in one of the corridors with the biggest demographic growth rates in Spain.
  • Rates vary according to the time of year, with high season being during the summer months and at Easter.
  • Alternative route to a highly congested semi-urban corridor.
  • Toll rates are inflation-indexed with an adjustment if traffic exceeds established thresholds.

Madrid Sur (R4) toll road

  • An alternative access route to Madrid in a highly congested corridor.
  • Runs through a major urban development area.
  • Connects with the Madrid-Levante toll road, thus completing a 190 km toll link between Madrid and the East coast of Spain.
  • Toll rates are inflation-indexed with an adjustment if traffic exceeds established thresholds.

Madrid-Levante toll road

  • Route between Madrid and the East coast that offers an alternative to the A-3 and N-301 in a corridor with high traffic levels and congestion problems. On its entry to Madrid, the toll road connects directly with the R-4, which is also operated by Cintra.
  • The concession period may be extended for a further four years if certain service quality conditions are met.
  • Toll rates are inflation-indexed, with an adjustment if traffic exceeds established thresholds.

Trados 45 (M45) toll road

  • Traffic risk is limited due to the system of bands used in shadow tolls. At present, the toll road has traffic levels that are nearing the threshold at which the concessionaire obtains maximum revenue every year.
  • Toll rates and the maximum payment are inflation-indexed.
  • At the start of 2011, Cintra completed the sale of all its stake in Trados 45.
   

Alcalá-O’Donnell (M203) figures

12.3
km
€69.5
Mn. Investment managed
100%
stake
2035
end of concession period

Autema figures

48.3
km
€233.1
Mn. Investment managed
76.3%
stake
2036
end of concession period

Ausol I figures

82.7
km
€540.8
Mn. investment managed
80%
stake
2046
end of concession period

Ausol II figures

22.5
km
€220,6
Mn. Investment managed
80%
stake
2054
end of concession period

Madrid Sur (R4) figures

97.2
km
€1,118.5
billion investment managed
55%
stake
2065
end of concession period

Madrid-Levante figures

182.8
km
€540.8
Mn. Investment managed
51.84%
stake
2040
end of concession period

Trados 45 (M45) figures

14.5
km
€221.3
Mn. investment managed
50%
stake
2029
end of concession period

© Copyright 2010. Ferrovial

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This is an electronic version of the 2010 Annual Report prepared by Ferrovial S.A. for its stakeholders, which aims to be complete and accurate. The contents of this version can be checked by referring to the print version. A copy of the print version in PDF format is available to download on this web page