Alvaro Navarro's questions to Ferrovial SE (FER) leadership • Q1 2024
Question
Alvaro Navarro inquired about any new developments regarding the competing Highway 413 project near the 407 ETR and asked if conditions for managed lane bids are expected to worsen due to higher inflation.
Answer
CFO Ernesto Lopez Mozo stated that the Highway 413 project is back with the regional government and likely won't be finalized until the mid-2030s. He views its potential impact as neutral, as it could create an alternative route but also spur real estate development that feeds traffic. Regarding managed lane bids, he does not expect conditions to worsen but anticipates more competition for attractive assets.