Latest news with #Madrid-headquartered
Yahoo
29-07-2025
- Automotive
- Yahoo
Ferrovial names 3 to executive roles in highway division
This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. Amsterdam-based infrastructure firm Ferrovial has appointed new leaders within its highways division, Madrid-headquartered Cintra, in an effort to expand its U.S. and global operations, according to a July 21 news release. Javier Tamargo has been appointed U.S. CEO, while Alberto González has been named director of business development and Ricardo Bosch Urzua tapped for director of strategy. All three will be based in the company's U.S. headquarters in Austin, Texas, and report to Cintra CEO Andrés Sacristán, per the release. Ferrovial sees an attractive pipeline of assets in the U.S. and globally, which the new leaders will help the firm take advantage of, Sacristán said in the release. "Alberto, Javier and Ricardo each bring deep expertise and strategic vision to their new roles and their appointments position us well to increase our momentum and expand in the U.S. and around the world," he said. As U.S. CEO, Tamargo will oversee all U.S. highway assets, including TEXpress Lanes in Texas, I-77 Express in North Carolina and 66 Express in Northern Virginia. He joined Ferrovial in 2002 and brings more than 20 years of experience in North America and Europe to his new position. Tamargo was most recently president and CEO of 407 ETR in Canada, after leadership stints as COO of North Tarrant Express in Dallas-Fort Worth and CEO of I-77 Express. Jose Espinosa recently took over Tamargo's former role as president and CEO of 407 ETR. González will lead all business development efforts, identifying strategic opportunities and partnerships to expand the company's portfolio in the U.S. and globally. González joined the company in 2004 and has held several leadership positions in business development and asset management, most recently serving as U.S. CEO. He brings more than 20 years of infrastructure development experience to the role. In his new role as director of strategy, Bosch will lead the implementation of a strategic roadmap related to new asset classes, partnerships and inorganic opportunities, according to the release. Bosch has more than 25 years of international experience in public-private partnerships, specializing in structuring and negotiating infrastructure project financing. For the past 12 years, he has served as Cintra's North America head of business development. Ferrovial operates in more than 15 countries and has a workforce of over 25,000 worldwide, according to the company. Urbanization and population growth are driving the need for transportation projects, making infrastructure an attractive sector for investors, Silvia Ruiz, global head of investor relations for Ferrovial, told Construction Dive. Recommended Reading Canadian toll firm hires US construction exec as CEO Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Observer
11-06-2025
- Business
- Observer
Funding secured for solar project at Barka V desalination plant
MUSCAT: Madrid-headquartered GS Inima has secured financing to build a 6.3MWp photovoltaic plant at the Barka V desalination facility in Oman, marking a significant step toward integrating renewable energy into critical infrastructure. In a statement, the company said the project aligns with its commitment to a sustainable water management model, particularly in regions like Oman where solar potential is high and water demand is critical. 'The financing of the Barka 5 photovoltaic plant culminates the development of this project, which began in 2022. In addition to reaffirming its environmental commitment, GS Inima optimises the profitability of the Barka 5 desalination plant project, 100% owned by GS Inima, and consolidates its presence in the Middle East. COFIDES' support in the investment of this project has been decisive, and we want to express our gratitude to the entire COFIDES team that has collaborated with GS Inima during this phase of the project,' said Juan José Benayas, CEO of GS Inima Barka 5 Desalination Plant. The new solar facility, intended for self-consumption, will supply approximately 11% of the desalination plant's energy needs through 2044. Spanning 40,000 square meters, the solar installation will be designed, built, operated, and maintained entirely by GS Inima Barka V Desalination Co SAOC, a wholly-owned subsidiary of Spanish-based international water infrastructure company GS Inima Environment. Funding support came from COFIDES, a Spanish public-private entity that helps promote sustainable international investments by Spanish companies. Their backing was key to advancing the solar integration effort, which further cements GS Inima's presence in the Middle East. Barka V, which became operational in June 2024, is GS Inima's first project in the region. The plant produces 100,000 cubic meters of potable water per day—enough to serve more than 800,000 people in Oman's Muscat and Batinah regions. This will be GS Inima's second project in Oman to incorporate solar power into the desalination process, reinforcing the company's role in pioneering hybrid solutions that reduce carbon emissions and enhance resource efficiency. The solar-powered desalination model is particularly relevant for Oman, where abundant sunlight, high temperatures, and growing water demands make clean energy solutions both practical and strategic. GS Inima says the Barka V project will not only reduce the plant's carbon footprint but also contribute to Oman's broader sustainability goals. With this new milestone, GS Inima continues to expand its global leadership in integrated water cycle solutions, while promoting resilient infrastructure that supports long-term environmental and operational sustainability.
