Infrastructure Investment

The GCS invests with clients and partners in the development of infrastructures, channelling capital towards projects demanded by society. This financing strategy makes it possible to maximise the value of the assets throughout their life cycle, while ensuring their optimum performance and contributing to sustainable development. The strategy also enables GCS to participate in the future benefits derived from infrastructure projects developed by the Group's companies, which have the capacity to contribute high added value. 
 
Thus, GCS prioritizes joint investment in sectors such as digitalization, energy transition or sustainable mobility, while also allocating resources to concessions and traditional infrastructures. 
 
The development of projects through alliances makes it possible to minimize risk, boost efficiency and align interests with stakeholders. For this reason, GCS combines traditional collaboration formulas -such as concessions- with specific alliances for each project. 
 
The Group's main companies focused on infrastructure investment are Abertis, Iridium, HOCHTIEF PPP Solutions and Pacific Parnerships.

Located in Los Angeles, California, the Automated People Mover (APM) at Los Angeles World Airport (LAWA) is the cornerstone of its broader Landside Access Modernization Program. The project includes 2.25 miles (3.6 km) of elevated guideway, six stations, pedestrian bridges and an automated people mover system with the capacity to have nine trains traveling at the same time. It can accommodate about 200 passengers with luggage per train with a total journey time of 10 minutes end-to-end for a total of 10,000 passengers per hour or 87.7 million per year and will have a frequency of two minutes during peak hours.

Iridium and Dragados Canada are part of the consortium in charge of the design, construction, financing and maintenance of the Eglinton Crosstown light rail in Toronto (Canada). This is the largest project developed by the city of Toronto, with 19 kilometers of the new light rail line, 25 stations and workshops and depots with a surface area of more than 22,500 square meters. In addition, a maintenance contract will be maintained with the client Metrolinx.

Hoctief PPP Solutions, together with a partner, is responsible for the financing, design, construction and operation of a fast-charging network for electric vehicles. The network, located in Germany, will have a total of 850 charging points spread over 96 stations that will be built and operated over the long term.

Located about 230 kilometers northwest of Melbourne in Victoria's Central Noth renewable energy zone, it was acquired in 2021. The project began exporting electricity to the grid in November 2023 and is expected to reach full production of 102 MWac by the end of March 2024. The asset will generate enough renewable electricity to power 45,000 homes.