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FCC Construcción makes the most of its Infrastructure Concessions

11/11/2005

FCC Construcción makes the most of its Infrastructure Concessions

FCC Construcción, S.A. has initiated the process of concentrating its interests in infrastructure concessions to make the most of them.

To date this has involved three operations:

It has acquired from the Abertis Group and the ACS Group their interests in the Autopista Central Gallega concession, which accounted for 31%. FCC Construcción now controls 44.64%.

This 57 km long toll motorway connects el Alto de Santo Domingo in the province of Orense with Santiago de Compostela. The concession ends in 2073.

. It has purchased from Abertis one-third of the shares it possessed in the administrative concession for the N-II artery O`Donell-N-IV.M-45 section of the Madrid beltway.

Those shares accounted for 8.33% of the company's share capital which, added to the 25% already possessed by FCC Construcción, now totals 33.3%.

This 14.1 km section of the M-45 is operated under a shadow toll arrangement and the concession has a term of 25 years. In 2004, some 64,517 vehicles used it on a daily basis.

. It has sold to Iberpistas and to ACS, in equal parts, the minority shareholding of 15.75% it possessed in the Madrid R-3 and R-5 concession.

These operations have generated capital gains of two million euros for FCC Construcción.

FCC Construcción continues its international expansion in the area of infrastructure concessions. It was recently pre-qualified for a 50-year concession for the Indiana Toll Road in the United Status measuring 240 km long.