Ferrovial (NASDAQ:FER), S.A. is a Spanish multinational infrastructure company headquartered in Madrid that develops, constructs, operates and maintains transport and urban infrastructure. Its core activities include the design and construction of large civil engineering projects, the development and operation of transport concessions such as toll roads and airports, and the provision of urban and industrial services and maintenance. The company typically operates through long-term concession and public-private partnership models, combining construction expertise with asset management and operations.
Within its operating model, Ferrovial’s business spans construction contracting, concession management and services. The construction arm delivers major engineering and building projects, while concession businesses develop, finance and operate roads and airport assets. The services segment provides facilities management, maintenance, and urban services for public and private-sector clients. Across these activities the company emphasizes lifecycle delivery — from project development and financing through construction to long-term operation and maintenance.
Founded in 1952 by Rafael del Pino y Moreno, Ferrovial has grown from a Spanish contractor into a global infrastructure group. The company has historically expanded through acquisitions and concession wins and operates internationally, with significant activities in Europe and North America and a presence in other regions. Ferrovial has been known for pursuing large, complex infrastructure projects and long-term concession contracts that provide recurring operational revenues over multi-decade horizons.
Ferrovial has long been associated with the Del Pino family in its ownership and governance and has focused in recent years on strategic priorities such as digitalization, sustainability and services-led growth to complement its construction and concession businesses. Its multi-activity model is positioned to capture both project delivery work and the operational value of infrastructure assets over time.
