de infraestructuras de transporte s.a. type wholly owned subsidiary industry transportation founded 1998 headquarters madrid spain key people enrique d az rato revuelta ceo rafael del pino y calvo sotelo chairman of the board products toll roads car parks revenue 735.9 million 2008 1 operating income 400.8 million 2008 1 profit 56.3 million 2008 1 owner ferrovial number of employees 1 950 2008 1 website www.cintra.es cintra s.a. concesiones de infraestructuras de transporte is one of the largest private developers of transport infrastructure in the world . its assets are fundamentally toll roads and car parks in which it has a total investment of 16billion . formerly traded on the madrid stock exchange and part of the spanish benchmark ibex 35 stock index cintra was reacquired by its former owner ferrovial in december 2009 . contents 1 introduction 2 business model 3 recent developments 4 cintra s toll roads 5 references 6 external links introduction edit the company was founded in 1998 as a spin off from ferrovial group with the objective of focusing on ferrovial s infrastructure development business . initially ferrovial s toll road assets were transferred to the new company and subsequently its car park assets were also transferred . 2 a controlling stake continued to be owned by ferrovial which maintained a 66.88 % shareholding . cintra was reacquired in full by ferrovial in december 2009 . 3 the deal was structured as a reverse takeover despite both companies being publicly traded 4 resulting in ferrovial taking cintra s stock market listing and isin code . operating in canada chile greece ireland portugal spain and the united states the company currently operates 23 highways set to rise to 25 see recent developments below totaling 2 841 km . its asset portfolio includes 3 north american highway concessions majority stakes in the 407 express toll route 407 etr in ontario the chicago skyway the indiana toll road ; as well as various highways on the spanish peninsula such as madrid s m45 the autema ausol 1 & ii highways and the radial 4 . in 2005 cintra was named strategic partner of the state of texas for the subsequent 50 years in order to help develop the trans texas corridor . it was to be operated in a partnership with san antonio texas based zachry construction company . widely seen as one of the most ambitious infrastructure projects in the united states the project was eliminated as the scope and invasive nature of the project were exposed . cintra continues working with the local administration to deliver infrastructure . business model edit the nature of cintra s business has been to create value through effective management of its infrastructure assets . these assets especially its toll road concessions typically require a large initial investment yet then generate stable incomes over long periods of time . the weighted average lifespan of its infrastructure assets is reported to be close to 75 years . cintra derives around 70 % of its revenues from its business activities outside of spain . canada which reported 354m or 33 % of cintra s total revenues in the first three quarters of 2008 is the country which contributes most in this regard . 5 cintra s car parks business currently manages over 300 000 parking spaces in close to 140 cities in spain and andorra . it is the largest spanish company according to the number of spaces under management and offers a varied and complete range of management services including underground parking parking on public roads residential parking and vehicle removal . recent developments edit in jan 2009 cintra was awarded two new significant projects the a1 in poland and two segments of the regional corridor north tarrant express located in the dallas fort worth area of texas 6 the former concession was commissioned by the polish infrastructure ministry to build finance and operate three sections of the 180km a1 toll road between strykow and pyrzowice . it will require a total investment of approx . 2.1 bn 7 the latter concession in which cintra owns 75 % of the winning consortium company the other 25 % is held by meridiam is for 52 years and will measure 21.4 km . assuming financing and other pending requirements are fulfilled as planned the company s total number of highways will increase to 25 . 8 the company has recently expressed an interest in possible divestments of both its car park and chilean toll road businesses . 9 cintra is a sponsor of the m3 motorway being built in ireland through the hill of tara archaeological complex . 10 the irish justice ruled in 2007 in favor of the project which is supported by the irish green party and local communities citing a substantial boost to trade and communications . a consortium composed of cintra macquarie and porr has emerged as preferred bidder for the d4 r7 expressways public private partnership ppp project in slovakia . 11 cintra s toll roads edit toowoomba second range crossing tsrc 407 etr 407 edg 407 east phase 2 lbj express north tarrant express north tarrant express 35w i 77 express lanes sh 130 segments 5 & 6 ruta del cacao toll road central greece highway e65 ionian roads highway m3 highway m4 m6 highway via do infante highway euroscut a ores highway norte litoral highway vialivre bratislava d4 r7 ring road slovakia alcal o donnell highway autopista del sol highway autema highway serranopark la plata highway a 66 almanzora toll road m8 m73 and m74 highway references edit a b c d annual report 2008 pdf . cintra . retrieved 2009 05 11 . cintra history notice of the technical advisory committee of the ibex indices concerning the merger between grupo ferrovial s.a. and cintra concesiones de infraestructuras de transporte s.a. pdf . sociedad de bolsas . 26 october 2009 . retrieved 2010 01 04 . rucinski tracy 20 october 2009 . ferrovial to close gatwick sale in coming weeks . reuters . retrieved 3 january 2010 . cintra press release 29.10.2008 cintra new contracts a1 poland cintra selected for the north tarrant express financial times article celtic tiger threatens very soul of historic ireland megaproject 591 cintra macquarie porr consortium wins slovakian highway concession external links edit cintra spain website cintra us website cintra aparcamientos car parks official website second link for cintra aparcamientos car parks official website companies portal retrieved from https en.wikipedia.org w index.php title cintra & oldid 744189769 categories ferrovialtransport companies of spainconstruction and civil engineering companies of spain navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage 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