Cintra

Last updated • 4 min readFrom Wikipedia, The Free Encyclopedia
Cintra
Company type Subsidiary
BMAD: CIN
Industry Transportation
Founded1998;26 years ago (1998)
Headquarters Madrid, Spain
Key people
  • Enrique Díaz-Rato Revuelta (CEO)
  • Rafael del Pino y Calvo-Sotelo (chairman of the board)
Products Toll roads, car parks
Revenue€735.9 million (2008) [1]
Increase2.svg €400.8 million (2008) [1]
Decrease2.svg (€56.3 million) (2008) [1]
Number of employees
1,950 (2008) [1]
Parent Ferrovial
WebsiteSpain: www.cintra.es U.S.: www.cintra.us

Cintra, S.A. (Concesiones de Infraestructuras de Transporte, translated as Toll Transport Infrastructures) is one of the largest private developers of transport infrastructure in the world. Its assets are fundamentally toll roads and car parks, in which it has a total investment of €16billion. Formerly traded on the Madrid Stock Exchange and part of the Spanish benchmark IBEX 35 stock index, Cintra was reacquired by its former owner Ferrovial in December 2009.

Contents

Introduction

Business model

Recent developments

- The former concession was commissioned by the Polish infrastructure ministry to build, finance and operate three sections of the 180km A1 toll road between Strykow and Pyrzowice. It will require a total investment of approx. €2.1bn [9]
- The latter concession, in which Cintra owns 75% of the winning consortium company (the other 25% is held by Meridiam), is for 52 years and will measure 21.4km. Assuming financing and other pending requirements are fulfilled as planned, the company’s total number of highways will increase to 25. [10]

Cintra's toll roads

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References

  1. 1 2 3 4 "Annual Report 2008" (PDF). Cintra. Retrieved 2009-05-11.[ permanent dead link ]
  2. "Cintra: History". Archived from the original on 2014-08-12. Retrieved 2008-11-02.
  3. "Notice of the Technical Advisory Committee of the IBEX Indices concerning the merger between Grupo Ferrovial, S.A. and Cintra Concesiones de Infraestructuras de Transporte, S.A." (PDF). Sociedad de Bolsas. 26 October 2009. Archived from the original (PDF) on 2011-07-16. Retrieved 2010-01-04.
  4. Rucinski, Tracy (20 October 2009). "Ferrovial to close Gatwick sale in coming weeks". Reuters . Archived from the original on July 16, 2012. Retrieved 3 January 2010.
  5. Hussain, Yadullah (2019-04-05). "Troubled SNC-Lavalin to net $3.25B after partial exit from 407 highway". The Financial Post. Retrieved 2019-04-09.
  6. "Court clears way for SNC-Lavalin to close $3.25B sale of stake in Hwy. 407". The Hamilton Spectator . Retrieved 12 August 2019.
  7. Cintra Press Release 29.10.2008
  8. "Cintra: New Contracts". Archived from the original on 2011-07-13. Retrieved 2009-02-24.
  9. A1: Poland
  10. "Cintra selected for the North Tarrant Express". Archived from the original on 2011-07-10. Retrieved 2009-02-24.
  11. Financial Times Article
  12. 'Celtic Tiger threatens 'very soul of historic Ireland'
  13. "'MegaProject 591: Cintra - Macquarie - Porr consortium wins Slovakian highway concession'". Archived from the original on 2016-03-08. Retrieved 2016-02-09.