Dario Maglione's questions to Ferrovial SE (FER) leadership • Q1 2025
Question
In a follow-up, Dario Maglione asked about the long-term outlook for the 407 ETR's Schedule 22 payments, questioning if they would eventually cease or should be expected as a continuous cash outflow.
Answer
Executive Ernesto Lopez Mozo explained that Schedule 22 payments should be expected to be an ongoing feature for the foreseeable future. He reasoned that the payments are necessary to manage traffic levels and maintain the high-quality, high-speed service that justifies the toll, preventing the road from becoming overly congested.