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MADRID, 10 Jun. (EUROPA PRESS) –
Ferrovial has closed the operation by which it acquires 96% of the stake that the American investment firm Carlyle has in the consortium designated to design, build and operate a new terminal at the JFK International Airport in New York, for 1,140 million dollars Americans (1,062 million euros).
As reported by the Spanish infrastructure group to the National Securities Market Commission (CNMV) after the close of the market this Friday, all the conditions precedent to which the operation was subject have been met, so it has already proceeded at the close of the operation.
Currently, Carlyle owns 51% of this consortium and Ferrovial has acquired 96% of this stake through its subsidiary Airports, so the Spanish construction company will control 49% of the total, a majority stake, since the two partners, JLC and Ullico, have 30% and 19%, respectively.
This latest investment by the company chaired by Rafael del Pino in the airport market will begin to show its first results in 2026, when the opening of the first phase of the terminal is expected, with the aim of fully opening three years later with an estimated capacity of 23 million passengers each year.
As detailed by the company in a presentation addressed to analysts, the concession period will be 38 years, so the contract will last until 2060, and 84% of revenues will come from the airport business and the remaining 16% from contracts. linked to the area of ??shops and restaurants, concentrating the ‘duty free’ 61% of this last figure.
The more than 1,000 million dollars committed by Ferrovial in the project will be contributed progressively as the project progresses, with 2024 being the year with the largest injection, with nearly 500 million dollars. In 2023 and 2025, this amount is reduced to 250 million and in 2022 and 2026 the figure will be much lower.
The terminals that will replace New Terminal One now have a capacity of 8 million passengers, with 20 airlines and 65,000 square meters. After a total investment of 9,000 million euros, it will have a capacity of 23 million passengers and 223,000 square meters, of which 16,000 meters will correspond to the shopping and leisure area.
Ferrovial highlighted that this terminal will operate in the largest metropolitan area in the United States, with some 22 million residents, hosting the headquarters of 25% of the 500 largest listed companies in the country. In addition, the airport receives travelers from all over the world, so it will not be dependent on tourism from any specific area.
In total, the JFK airport, including all its terminals, concentrates a capacity of 62.5 million people, with 86 airlines and 56% of the flow of travelers is international. Its share accounts for 66% of the market in the New York region.
In a statement, S.
The rating agency assures that this acquisition does not have immediate effects on the company, given the margin it still has with respect to its current rating of ‘BBB’, within the investment grade, and due to its “strong balance sheet and solid cash generation” .
“This investment should increase Ferrovial’s exposure to the United States and to infrastructure projects with high concession value, given the expected increase in high-quality capacity at the airport, where there is strong demand and scarce supply,” said S.
