Cintra, Plenary team up to compete for Australian toll road projects

Cintra and Plenary, which have a long history of partnering on infrastructure projects, have combined to create a joint venture business to compete in the Australia and New Zealand road infrastructure market, with a focus on toll road and concession projects. Netflow brings construction capability through Cintra’s sister business Ferrovial Agroman. Cintra CEO Enrique Diaz-Rato said Netflow will play an important role in creating competition in the sector by looking to develop roads with a sharp focus on
February 15, 2017 Read time: 2 mins
5428 Cintra and Plenary, which have a long history of partnering on infrastructure projects, have combined to create a joint venture business to compete in the Australia and New Zealand road infrastructure market, with a focus on toll road and concession projects. Netflow brings construction capability through Cintra’s sister business Ferrovial Agroman.

Cintra CEO Enrique Diaz-Rato said Netflow will play an important role in creating competition in the sector by looking to develop roads with a sharp focus on customer outcomes.

Plenary CEO Paul Oppenheim said teaming with Cintra signalled Plenary’s intent to build on its Australian portfolio and follows successful road infrastructure projects in Australia and North America.

Phil Dreaver, a founding director of Plenary’s North American business, has been appointed managing director of Netflow. He confirmed that Sydney’s WestConnex was a significant opportunity for the new business and would attract Netflow’s initial focus.
Charging, Tolling & RUC

Related Content

  • June 7, 2013
    Serco extends transport contracts in Hong Kong
    UK group Serco has won the contract to operate and maintain toll roads in Hong Kong as it looks to push further into the transport sector. Beginning in September, the contract is worth US$123 million over a minimum six-year base period to manage, operate and maintain the Tsing Sha Control Area of toll roads. Serco has been contracted to engage in toll collection, controlling and regulating traffic, vehicle recovery and rescue, patrols and handling of incidents. The contract also covers scheduled works inclu
    Read More
  • August 23, 2016
    Asecap debates the future of tolling
    Colin Sowman reports form Asecap’s Study & Information Days event in Madrid. At Asecap’s (the Association of European Toll Road Operators) recent Study and Information Days event there was no doubt about the subject at the top of the agenda: the European Union Directive 23/2014/EU. This will introduce fundamental changes to the concession model under which Asecap members operate more than 50,000km of tolled highways and, in response, it has compiled a report entitled Proposal for a Sustainable Concession Mo
    Read More
  • March 28, 2014
    Q-Free strengthens ATMS business
    Q-Free has strengthened its position in the market for advanced transportation management systems with the signing of a share purchase agreement for the acquisition of intelligent transportation systems (ITS) supplier TDC Systems for an estimated cash and equity consideration of US$16.6 million dependent on future financial performance. Established in 1998, TDC Systems comprises TDC Systems in the UK and its sister company TDC Systems in Australia, both of which are owned by founder and managing director
    Read More
  • March 23, 2012
    SK Innovation and Continental team up on worldwide EV power
    SK Innovation and Continental Corporation have announced their intention to team up for powering electric vehicles worldwide. A joint venture is to be formed through which both companies want to develop, manufacture and market Lithium Ion battery systems for automotive applications. SK Innovation and Continental will have 51% and 49% of ownership respectively. The initial JV operations will be based in Germany and Korea; and the management team will be comprised of executives from both companies. The busine
    Read More

Highlighted Content