M50 Concession Ltd. is a joint venture between FCC CONSTRUCCIÓN S.A., ITINERE INFRAESTRUCTURAS
and PJ HEGARTY & SONS.
FCC CONSTRUCCIÓN S.A. (www.fccco.es), is a whole owned subsidiary of FOMENTO DE CONSTRUCCIONES Y CONTRATAS S.A. (www.fcc.es), one of the largest construction, concessions and services groups in Spain (2007 Net Sales 13,8 BEUR).
FCC CONSTRUCCIÓN S.A. is the umbrella company that holds the strings to all the FCC Group’s activity in the construction sector, with a turnover of 6,9 BEUR in 2007.
FCC CONSTRUCCIÓN S.A. has to its name the execution of thousands of kilometres of road, main road and motorway projects. This speciality maintains itself, by volume of business, at the head of the company’s construction activity, nourishing itself on awards from all the administrations, via all the methods of contracting and finance.
FCC CONSTRUCTION S.A. participates in M50 Concession Ltd through FOMENTO DE CONSTRUCCIONES Y CONTRATAS CONCESSIONS IRELAND LIMITED.
ITINERE INFRAESTRUCTURAS (www.grupoitinere.com) is a whole owned subsidiary of GRUPO SACYR VALLEHERMOSO (www.gruposyv.com), one of the largest construction, concessions and real state groups in Spain (2006 Turnover 4,7 BEUR).
ITINERE INFRAESTRUCTURAS is the company responsible of the concessions business within GRUPO SYV with a consolidated turnover of 417 MEUR in 2006. ITINERE manages more than 3,500 km of roads worldwide.
In Ireland ITINERE INFRAESTRUCTURAS S.A activities are leaded by ITINERE IRELAND LIMITED.
PJ HEGARTY & SONS (www.pjhegarty.ie) is one of the leading construction companies in Ireland with a turnover in excess of 300 MEUR.
PJ HEGARTY & SONS will be one of the civil contractors of M50 Concessions and will participate in the management of M50 Concession Limited through its subsidiary HEGARTY CONCESSIONS.
FCC CONSTRUCCIÓN S.A., ITINERE INFRAESTRUCTURAS and PJ HEGARTY AND SONS are working together in the N6 Galway to Ballinasloe PPP Project.
