Alvaro Navarro's questions to Ferrovial (FER) leadership • Q1 2024
Question
Alvaro Navarro inquired about any developments regarding the competing Highway 413 project and its potential impact on the 407 ETR, and whether higher inflation could worsen conditions for managed lane bids.
Answer
CFO Ernesto Lopez Mozo stated that the Highway 413 project is back with the regional government and likely won't be finished until the mid-2030s. He believes its net effect on the 407 ETR will be neutral, as it could also spur real estate development that generates new traffic. Regarding bids, he expects the main factor to be increased competition for attractive assets, not worsening conditions due to inflation.