The Debate on Infrastructure Financing and Management

INTERVIEW Tano Santos, director of the abertis-FEDEA chair P. 20 Eutelsat is driving 3D technology P. 14 First half results for the abertis group P. 76

AUGUST 2010 Nº02 - SECOND PERIOD

The debate on infrastructure ﬁnancing and management EDITORIAL Looking to the future

In recent weeks I have been given the When talking about cycles in the econ- opportunity to play a part in the omy we refer to the expansive phase and the WE ARE graduation ceremonies of both graduates recessive phase. These are the two poles of OPERATING WITHIN and masters at two business schools. I was one and the same reality. It is in the moment asked to put together, in the form of a mas- of crisis when, without losing sight of the A FRAMEWORK IN ter class, some reflections taken from my market and of the opportunities that are also WHICH WE MUST years of experience as an executive in differ- still arising, we must perform the exercise of ALL –COMPANIES ent companies, and especially in abertis. The looking within and seeking to continuously AND MEMBERS OF connecting thread running through these improve the efficiency of our processes, while SOCIETY– ACCEPT was the argument that it is we ourselves adjusting –as society as a whole does– the A PATTERN OF –each one of us– who is playing the game, costs and resources with which we are work- and that a significant part of the responsibil- ing and while also aiming to generate the CONSUMPTION AND ity for everything that happens to us –is our maximum possible return, so that all those INVESTMENT THAT own. That, in the end, in the various areas of who have, or are considering, an interest in IS MORE RATIONAL, our lives –both professional and personal– we us –the shareholders, the managers, the ana- MORE SELECTIVE are, to a great extent, the results of our own lysts, the authorities, the communication AND, PERHAPS, actions and beliefs. media (to summarise the society in which MORE AUSTERE This is as true for people as it is for we work)– may find in abertis a solid, prof- projects. In this respect, as I explained to them, itable and attractive reference point. learning is the key. Learning defines an atti- If we have learned something from this tude that is both essential and dynamic. A crisis, it is that the winning models are those habit and a character. An ability to question that choose realism, toughness and selectiv- ourselves and, in some way, to continuously ity when making decisions. We are operating recreate and re-cast ourselves. It defines a within a framework in which we must all willingness to test what we have produced, –companies and members of society– accept within the context of a crisis scenario. A will- a consumption and investment model that ingness to do and re-do. is more rational, more selective and, perhaps, And also to look back without nostalgia, more austere. It is, however, a model with a to analyse and interpret the circumstances better future and a stronger foundation. which surround us, and to be aware, as we We must not renounce progress. Quite move forward, that the objective is not a the contrary, the crisis should be a stimulus specific goal or a definite end point, but rather for the processes of innovation and efficiency that the right direction can also be found in in the use of available resources. Perhaps now SALVADOR the path itself. To this awareness we add we will grow more selectively and more slowly; ALEMANY knowledge, experience and, very importantly, but, we must not forget, we will be doing this PRESIDENT OF ABERTIS our companions on the same journey, with in a world in which more markets, with new whom we build a project or projects. It is a consumers and new opportunities are con- question, therefore, not of re-creating our- tinually opening up. Innovation and globalisa- selves in the when we (the “remember when”), tion –along the lines which Professor Mauro but rather the we will (the “we will continue Guillén indicated in the interview he gave to doing”, we will continue constructing, we will our magazine– are the keys to future growth. continue to discover). “We are moving towards a polycentric and The creative destruction of the Austrian multi-polar world and we must look beyond sociologist and economist Schumpeter has the Europe-US-Japan axes. Two thirds of world- always been an inspiring concept for econo- wide economic growth will be in Asia and Latin mists and also for many politicians and busi- America,” explains Professor Guillén. nessmen. These are processes which societies This is the new paradigm in which we and organisations experience. These processes are operating as a society and an economy, periodically regenerate them and give them and in which abertis will have to consolidate a new impetus. its own space. Q

AUGUST 2010 Q LINK abertis Q 3 14

Nº02 SUMMARY

51 72 26 20 INFRASTRUCTURES Experts analyse the role infrastructures play in the current economic situation

Parking in Pisa 58 12 30 41 saba Italia opens 56 link abertis is published by in the city centre Abertis Infraestructuras, SA REPORT TRAVEL NEWS Av. del Parc Logístic, 12-20. APIE Jamaica Third lane 41 saba, in Palma 59 08040 Barcelona. link abertis Its first car park in Investor’s link Tel.: 93 230 50 00. Fax: 93 230 50 02. abertis is taking part in A fascinating country, acesa finishes work on the EDITED AND PRODUCED BY: abertis Studies the APIE (Spanish Financial full of contrasts AP-7 toll road between the Balearic capital and Communication Corporate Direction. EDITORIAL BOARD: Salvador Alemany, Journalists Association) Maçanet and Fornells Cercle d’Economia 60 Francisco José Aljaro, Toni Brunet, 26th Conference of the Joan A. Margenat, Josep M. Vila, Francisco Reynés, conference in Santander 34 Paso del Estrecho 44 Joan Rafel and Sergi Loughney. 06 abertis autopistas Cercle involving politicians, 72 CORPORATE IMAGE AND PRODUCTION: BUSINESS economists and leading Erik Ribé and Bernat Ruiz. OPINION 14 participates in a safety SHAREHOLDERS CONTENT COORDINATOR: Summer school Alícia Cobeña. scheme for the tenth business people General Meeting 2010 Chris Nash REPORT The future of infrastructures, WRITTEN BY: Elena Barrera, Sergio Castilla, year running ‘You’ve got The group’s investors Marc Gómez, Leticia Gonzálvez, Financing transport abertis telecom a debate hosted by Esther Mir and Bernat Ruiz. Fewer accidents 45 one life left’ 62 approved the annual CONTRIBUTORS: Christine Allard, Pilar Barbero, infrastructures Life in 3D: inside and Menéndez Pelayo University Carolina Bergantiños, Bob Bullock, Julio Cerezo, The abertis foundation accounts and management outside the home The accidents along Joan Fontanals, Marta Giner, Sagrario Huelin, Anna the AP-7 has decreased London Luton 50 backs a campaign for reports for the 2009 Morera, Astrid Noury, Vanessa O’Connor, Enric 08 36 Pérez, Mercedes Pérez-Cruz, Roser Prenafeta, Astrid over the last two years EL AL begins a regular responsible driving financial year Recoque, Marc Ribó, Albert Rossell, Beatriz Sanz, BUSINESS 18 abertis, abertis autopistas, abertis telecom, REPORT Widening scheme Boeing 777-200 service Road Safety Law 64 abertis logística, abertis airports, Appointments REPORT SIL 2010 Green light for a document 74 abertis foundation, acesa, aucat, aulesa, sanef for the AP-6 46 51 aumar, avasa, iberpistas, castellana and saba. Francisco Reynés, DTT Electronic toll collection, Segovian toll road improve abertis, at the international emphasising education in INFORMATIVE FORUMS PRODUCED BY: newly appointed CEO Ediciones Reunidas, SA (Grupo Zeta). A successful conclusion to moving forward transport in the area logistics exhibition the sanctions imposed PRÓXIMO programme Revistas Corporativas Barcelona. of the abertis group the analogue switch-off Consell de Cent, 425. 08009 Barcelona. Improvements Logistic parks 54 Antarctic 66 Zaragoza, Valencia and Palma Tel.: 93 227 94 16. 40 Microma and Lince Envíos Conference on the effects de Mallorca, meeting points Manager: Òscar Voltas. Editorial coordinator: along the C-32 48 Nuria González. Chief writers: Toni Sarrià and 10 of Antarctic tourism, hosted Olga Tarín. Lay-out: Cristina Vilaplana. 26 BRANDING The new section Palafolls- open operations at by the abertis foundation Edited by: Ares Rubio. INTERVIEW TEAM linking Tordera comes into service the abertis logisticspark 76 Legal deposit: B-16432-2010. coslada abertis shareholder care line: Mauro Guillén abertis Chile The new abertis group Simulation 49 RESULTS 902 30 10 15. 68 www.abertis.com “Businesses need Conclusion after a year in-house magazine is aucat carries out an Jordi Díez 56 First half results 2010 abertis accepts no responsibility to continue pursuing of adapting to the published in 6 languages accident simulation Interview with the new BRIEF Analysis of the for the opinion of its contributors in the articles published, nor does external growth” group’s strategy and in 13 countries exercise in the C-32 tunnels managing director of saba abertis news in brief group’s assets it necessarily identify with their opinion.

4 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 5 OPINION Financing

BY transport CHRIS NASH Professor of infrastructures Transport Economics at the University of Leeds and member The European Commission, many years ago, expressed its of the European concern at the decreasing percentage of GDP being allocated Commission’s for investment in transport infrastructures within the EU High Level Group on Transport Infrastructure The Commission identified a series will vary, depending on the nature of the Charging. of priority projects which it consid- vehicle, particularly its gross weight, axle load Previously ered important for ensuring an adequate and suspension system. Only a pricing system professor of network, with special emphasis on interna- which imposes a per kilometre tax in accord- Transport Economics tional traffic. However, apart from those ance with the characteristics of the vehicle at the University countries that satisfy the requisites neces- will reflect these costs adequately. In addition, of Southampton sary to receive support from the Cohesion these costs tend to be greater where the and senior lecturer Fund, the amount of European financing vehicle travels on poor quality roads with less in Rail Transport available to develop these products has been substantial road surfaces, therefore, a toll at the University tiny, and the majority of the financing has system only applied to toll roads offers the of Leeds. come from member states. Consequently, wrong type of incentive regarding the choice Author of, among many of these projects have suffered delays. of road. other works, the Given the number of Member States with In the case of cars, the basic element of Generalisation governments applying major public spend- external cost is congestion, and this is much of Research on ing cuts, there is a significant likelihood that higher in urban areas at peak times, as well Accounts and Cost an increasing number of these government as on specific sections of link roads at specific Estimation project spending cuts will be applied to transport times of day. Pricing congestion costs requires for the European Commission. infrastructures. an additional charging system where and schemes, they can be used to finance the more for their goods to cross congested Therefore, a review of transport infra- when roads have traffic jams. private sector and to develop projects that AN URGENT REVIEW countries, and in turn generate lower incomes structure financing sources is urgently needed, In the case of rail, sea and airport sys- otherwise would have to wait until public BOTH OF FINANCING from foreign vehicles, thus creating an imbal- Link as a way of ensuring that the financing avail- tems, the marginal cost of using the existing financing was available. ance. This would indicate that some type of able is used as efficiently as possible. infrastructure is low, and congestion is If tariffs based on marginal social costs SOURCES. AND THE WAY redistribution of revenue is required, although Institute for Transport largely internalised since use of these sys- do not produce sufficient revenue to finance TO ENSURE THE MOST the research carried out (TIPMAC project) Studies - University The marginal social cost tems is scheduled. What is relevant here is all the desired projects, it is worth increasing suggest that, if the income is used efficiently, of Leeds EFFECTIVE POSSIBLE USE Since the Green Paper Towards fair and effi- the scarcity cost: when a user is allocated a the tariff margins to raise additional income. all the countries in the EU would benefit, www.its.leeds.ac.uk OF THIS INCOME, IS cient pricing in transport, was made public in specific space, then it is no longer available The principles for deciding on the aforemen- although to different degrees. 1995, the Commission has set out the case for someone else. The surcharge value for tioned margins having been established, URGENTLY REQUIRED for marginal social cost pricing for transport the use of these scarce spaces is a way of they will be less distorted if they are applied Improve acceptability infrastructures, defined as the additional cost pricing this cost. where traffic is the least price sensitive. Bear- based on the average cost involved in road The efficient use of this income is vitally to society of an extra traffic unit (vehicle) There has been some progress in the ing in mind the relative insensitivity of road maintenance, not including external effects. important. Currently, the majority of Euro- using the infrastructure. introduction of these pricing systems. Swit- traffic to prices, particularly goods traffic, it Although the Commission has put forward pean countries obtain surpluses from road Extensive research regarding these zerland, Germany, Austria and the Czech would seem that it is a feasible way of rais- proposals to rectify this, and has drafted a use pricing, which they use to subsidise rail- costs has been carried out in recent years, Republic have already applied per kilometre ing investment funds. guide for calculating the external costs, an ways. In principle, there is a good reason for and the general conclusion is that the cur- taxes for heavy goods vehicles and many agreement still has to be reached. In urban doing this, since railways tend to have a lower rent pricing systems are not an appropriate other countries are considering applying Implementation problems environments, only a handful of cities have marginal social cost than roads, but there is reflection of how these costs vary for each them. Cities such as London, Stockholm, and Why is payment for usage not being more implemented urban traffic charges. a fear that the projects are often selected type of vehicle, the location or the time of a whole slew of Norwegian cities charge extensively used at present? In the case of Opposition to charging for use is related based on the resulting prestige, and not on day, and as a consequence, they do not offer additional taxes for driving in city centre heavy goods vehicles, despite there being an to a series of factors. It is obvious that users a thorough cost-benefit analysis. Probably, the correct incentives for using the transport zones. Various countries apply higher rates EU policy that encourages pricing on marginal would prefer not to pay higher charges, but greater attention to the way in which this infrastructure. for the use of the railway, port and airport social costs, it is really because EU legislation if they really believe that this is the way to income is used, in order to guarantee its effi- Specifically, heavy goods vehicle usage systems at peak times. These surcharges still does not prevent it! In 2006, a review of ensure better infrastructures, we think that cacy, whether for roads, railways or projects results in major costs in terms of wear and generate additional income, which is rein- the Eurovignette Directive made it possible they will support this method. There is a real unrelated to the transport sector in general, tear, as well as environmental costs, conges- vested in transport infrastructures. Within to differentiate taxes according to external fear among the peripheral, and less con- is the key to improvement, both in effective tion costs and the cost of accidents. These the scope of public-private partnership (PPP) costs, but it requires an average rate of charge gested, countries that they will have to pay charging for use and for acceptability. Q

6 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 7 Operations Management headed by Josep Martínez Vila and General Financial Manage- BUSINESS ment headed by José Aljaro, as well as the duties attached to General Corporate Man- agement. The managing director will report Appointments directly to the president of the Group, as will: the General Secretary’s Ofﬁce; the Cor- porate Studies and Communication Man- agement, headed by Toni Brunet; and Cor- Francisco Reynés, porate Institutional Relations Management, headed by Sergi Loughney.

The example of his predecessor the new managing director Having joined the Group last January as vice-secretary general, Josep Maria Coro- nas will now assume his new functions. of the abertis group Coronas replaces Joan Artur Margenat, who will retire after holding the post since 1981. Josep Maria Coronas intends to follow the The Board of Directors of Abertis Infraestructuras has also approved the appointment example of his predecessor, saying that of Josep Maria Coronas as secretary general and vice-secretary of the Board Margenat represented the “feeling” of the company. TEXT abertis | PHOTOS abertis Josep Maria Coronas is a state lawyer, economist and full member of the Royal Academy of Economic and Financial Sci- As proposed by Salvador Alemany, ences. He has held various positions includ- the executive president, the Board of ing that of secretary of the Regional Eco- Directors of Abertis Infraestructuras gave nomic-Administrative Tribunal of Catalonia the green light on 8 June to the appoint- and director of the Legal Counsel of the ments of Francisco Reynés as the Group’s Department of Economics and Finance of new managing director, and Josep Maria the Generalitat of Catalonia. Coronas as the general secretary and vice- secretary of the Board. Coronas takes over Changes in Eutelsat and Hispasat these positions from Joan Artur Margenat. The managing director of abertis, Francisco Reynés, has also been appointed to the boards Extensive executive experience of Eutelsat and Hispasat. These appoint- Francisco Reynés joined the Board of ments were approved on 22 June by the Josep Maria Coronas abertis in May 2009, and since has headed Board of Directors of Eutelsat, and on 22 FRANCISCO REYNÉS General secretary of abertis. up the Group’s Corporate General Manage- July by the Board of Directors of Hispasat. HAS ALSO BEEN APPOINTED ment. He holds an industrial engineering abertis, through abertis telecom, its tel- TO THE BOARDS OF degree from the Polytechnic University of ecommunications subsidiary, is a reference EUTELSAT AND HISPASAT Catalonia and an MBA from the IESE Busi- shareholder in Eutelsat, with a holding of ness School. From July 2007 until he joined 31.4%, and in Hispasat, with 33.4%. the Group, he was the CEO of Criteria Eutelsat the leading operator in Europe, CaixaCorp. Previously, Francisco Reynés was with a market share of 30%, and is also the JOSEP MARIA CORONAS CEO of Gas Natural and a member of its third largest operator worldwide. With a SUCCEEDS JOAN ARTUR Steering Committee. Before that, he was ﬂeet of 27 satellites in geostationary orbit, MARGENAT AS SECRETARY the managing director of Uniland, having its satellites provide coverage to 90% of the held management positions in companies planet’s population, and services to more GENERAL OF THE BOARD. such as Johnson Controls UK, the Volkswa- than 3,400 television channels and a thou- MARGENAT IS RETIRING gen Group and Dogi. sand radio broadcasters. AFTER HOLDING THE The following areas now report to the For its part, Hispasat, the seventh- POST SINCE 1981 managing director: General Business and largest satellite operator worldwide by revenue, has a ﬂeet of six communications satellites (two of them operated by His- desat, in which it has a large holding) in orbital positions which cover Europe and the Americas, reaching 100% of the Span- Francisco Reynés The Board of Directors of Abertis ish-speaking world and 90% of the Portu- Infraestructuras gave the green Managing director of abertis. guese-speaking world. Q light on 8 June to the new appointments.

8 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 9 NACHO RUBIERA NACHO Mauro Guillén are entering a multi-polar, polycentric world. companies understand very well after their “We have businesses that are highly focussed penetration of the Latin American market. With an established position on the Iberian Peninsula and Latin America, According to the professor, they are INTERVIEW as one of the gurus of and these countries only represent 10% of economies such as Mexico and Brazil which international business management, Mauro Guillén the global economy”, he points out. have consolidated their positions and are has a doctorate in Sociology much more secure from the regulatory point from Yale University and a Staying alert for countries of view; but there are others which generate degree in Economic Policy with growth prospects a sense of nervousness. “There are 5 or 15 from the University of Oviedo. What this means is you have to look beyond countries in the world making a lot of noise, the triumvirate of Europe-United States- and constant rumours about nationalisation Currently he is professor at the Management and Japan and focus on other parts of the world are a negative point”, he reminds us. International Studies which are gaining greater importance. “There Institute at the Wharton are countries”, he warns, “which are going to Spain’s international image School, University of have a much greater demographic potential However, the biggest challenge is Spain’s Pennsylvania, and director in the next few years, and which are also image abroad. In the current climate, when of the Lauder Institute, experiencing signiﬁcant economic growth, news about our economy is not always specialising in the language such as Brazil or India. Two-thirds of the positive, businesses have to learn to turn it and management studies world’s economic growth will be in Asia”. around. which prepare students Mauro Guillén also thinks that the initia- “Corporate chairmen are going to have for careers in international tive should be immediate. “I always tell busi- to put less pressure on Spain’s president, and management. nesses to open two or three representative instead they are going to have to travel the He has an extensive ofﬁces in Asia, in order to keep an eye on the world more frequently”, he explained. Only knowledge of Spanish market. For Spanish infrastructure companies, by doing this, he says, will Spain be able to multinationals, and in 2009 having 15 employees in Beijing, Hong Kong, compensate for the poor quality image their was one of the most quoted Singapore or Mumbai, etc, is not expensive. So, products have beyond their borders. “The foun- social science academics. why not do it now? You really can’t wait!”. dations need to be laid for changing this image. He has written several books You can’t do this with ads, it needs a much on this subject, including El auge de la empresa The risk of political volatility broader strategy, including investment in sec- multinacional española At the same time, he also highlights one of tors such as education, innovation and devel- or Santander, el banco. the problems of internationalisation: politi- opment, etc”. And he warns, “It is a long-term cal volatility. This is something that Spanish challenge, not for 3, 5 or even 10 years”. Q

Interview with the director of the Lauder Institute INTERVIEW | MAURO GUILLÉN “abertis has an excellent reputation in the USA”

The Spanish academic analyses the business. They also need patience. QQQ Mauro Guillén the international progress of You can’t start out believing you are going What role does legal security play? Spanish companies for link abertis. to conquer the world in three years! It is very important, because in the

QQQ QQQ infrastructure business, regulations and «Businesses need to continue How would you evaluate the What do companies need to change legal security are fundamental. In addition, experience of companies who internally to be successful? there are other groups in Spain, besides have ventured abroad? They need to manage generational abertis, who play prominent roles on the to pursue external growth» Spanish businesses have been very changes through training and with human international stage, some of them are dynamic over the last 10 years. One resource policies that allow employees, among the 10 largest in the world.

TEXT abertis | PHOTOS Nacho Rubiera example of this has been abertis, which particularly at management level, to QQQ started as an infrastructure company in acquire international experience. In Do you think that international Spain, and then expanded internationally addition, in the future, businesses ought to institutions are needed for this sector? This is the theory behind the talk given companies abroad. “One of the greatest IN THE NEXT FEW and now covers four continents. hire more managers from other countries. It is very noticeable that in some sectors, by Mauro Guillén, director of the Lauder changes that has arisen in recent years is not YEARS, TWO-THIRDS QQQ QQQ such as telecoms, finance or energy, there Institute, professor at the University of Penn- Spain’s entry into the Euro, but the fact that, What do businesses need to succeed How is abertis seen in the United States? OF THE WORLD’S are multilateral bodies, but there isn’t one sylvania and one of the leading world experts for the first time ever, you can travel the world in globalisation? Spanish companies, including abertis, for managing infrastructures. I would in international business management. and find Spanish companies with a stable ECONOMIC GROWTH They need a mixture of an adventurous have a very good reputation among think it would be very positive to have During the Asociación de Periodistas de presence where ever you are”, he com- WILL BE IN ASIA” attitude when they start out, but they also people who understand the some sort of body that could help finance Información Económica (Spanish Financial mented. need a calculating mentality, because infrastructure sector and who are offering the sector, identify new opportunities, Journalists’ Association) conference held in However, the professor also assured us they should never act on anything contracts. They know how to get there, coordinate matters on an international Santander, and in a later interview, Mauro that there is still a lot of work ahead. Firstly, without analysing it first, in order to judge they understand how to manage, and scale, and set safety standards, which are Guillén highlighted the situation of Spanish Spanish businesses should be aware that we whether it is the best course of action for therefore they get more contracts. essential in this sector. Q

10 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 11 Figures from the political, business Blanco, and top representatives of the country’s About ApIe and academic worlds, as well as jour- leading businesses. Attending were the presi- nalism, came together in the Cantabrian dent and CEO of abertis, Salvador Alemany; The Spanish Financial report Journalists’ Association capital for the annual conference organised and the chairmen of the FCC and Sacyr Valle- (APIE) is a professional, by the Asociación de Periodistas de Informa- hermoso, Baldomero Falcones and Luis del non-profit association. Summer school ción Económica (APIE) –Spanish Financial Rivero, respectively. Both the latter recognised Journalists’ Association– as part of the Uni- that the current financial situation could make It was created in 1973 to versity Menéndez Pelayo’s summer school. things difficult for some small businesses and defend the interests of The theme of this year’s conference was, cause bigger companies to make greater efforts the members, and to bring together dedicated Three decades of Spanish economy. From in diversification and internationalisation. abertis takes part in journalists working consolidating democracy to the current crisis. One idea floated in all these talks was mainly in the financial and Its aim was to review the evolution of the promoting public-private partnerships. Along communications sectors. Spanish economy over the last 30 years. these lines, José Blanco gave tacit support to the APIE conference the business sector when he opened the door Debates on the current situation to choosing new models where cost-benefit The current situation in the markets and the criteria are applied, and by which not every- in Santander imminent approval of the Decree on Labour thing that could be built is built. He therefore Reform meant that most of the speakers felt suggested the possibility of co-payment by they had to talk more about current issues the user, cancelling work on those motorways The capital of the Cantabria region was, for a week in June, the centre rather than about the past. Most of the where there are alternative toll routes which of attention for economic and financial current affairs in Spain politicians and businesspeople explained the do not suffer from congestion, or even clos- reasons why the current crisis had occurred ing those infrastructures or services that are TExT Gemma Gazulla | PhoToS Nacho Rubiera and the challenges it posed for driving the inefficient. A speech was, according to the economy forward. words of Salvador Alemany, “the greatest The financial sector was widely repre- show of realism I have heard” in the sector sented. The majority of the country’s leading for many years. From left to right: Baldomero Falcones, president of institutions took part: the president and CEO the FCC; José Blanco, minister of BBVA, Francisco González; vice-chairman Wide coverage and for Public Works and Transport; of Banco Santander Matías Rodríguez high level of attendance Salvador Alemany, president and CEo of abertis; and Inciarte; and the president of the Spanish The conference also included a stellar meet- luis del Rivero, president Banking Association (AEB), Miguel Ángel ing between three former socialist finance of Sacyr Vallehermoso. Martín. Many speakers recognised the increas- ministers, Miguel Boyer, Carlos Solchaga and ing difficulties in securing financing, given Pedro Solbes. The event what was eagerly that, as Francisco González stated, “the mar- awaited, and attended by a large crowd. Fern- kets are practically closed.” ando Restoy Lozano, vice president of the CNMV, Spain’s securities commission, and Various different sectors attended Javier Ariztegui, deputy governor of the Bank In the savings bank sector, we saw the first of Spain, closed the conference sessions which Link joint press conference from Caja Madrid and were covered by the main financial and gen- APIE Bancaja since they announced their merger. eral communications media. n www.apie.es Rodrigo Rato and José Luis Olivas gave us some of the details of the largest operation to consolidate the sector in recent years. Juan María Salvador Alemany, president Nin, president and CEO of “la Caixa”, used the and CEo of the abertis group, with Ángel Boixadós, opportunity of attending this conference to president of APIE. offer a less catastrophic vision of the economic situation as a whole and to insist on the need for Spain to improve its marketing and explain its history, before other people did it. Attending from the energy sector was the managing director of Gas Natural Fenosa, who warned about the growing tariff deficit caused by the advantageous conditions and subsidies for the renewable energy sector.

Promoting public-private partnerships The importance of the infrastructure sector was emphasised by the participation of the minister for Public Works and Transport, José

12 n lInk abertis n august 2010 august 2010 n lInk abertis n 13 Telecommunications REPORT Life in 3D: inside and outside the home Eutelsat’s long years of experience in three-dimensional television give it the qualities needed for a format that has raised huge consumer expectations

TEXT AND PHOTOS Eutelsat

From multi-channel satellite broad- Since 2008, Eutelsat, a company in The Football casts in the 1980s, to the transition which abertis is a reference shareholder, World Cup in 3D to digital format in the 1990s, and high- has been working intensively with its definition in the present decade, Eutelsat’s partners in the field of 3D to create a new Eutelsat’s technology specialist resources and knowledge have consumer experience in television view- allowed 20 of the 60 matches played played a role in the numerous key developing, as well as for screening shows outside in South Africa to be ments that have transformed the audio- the home. rebroadcast in 3D. visual market. The next huge leap, recently In March 2009, a permanent channel propelled into the forefront of the audio- was launched on the EUROBIRD™ 9A The matches were watched visual revolution, is 3D. satellite as a testing ground to analyse the on 15 metre screens in Only 18 months ago, 3D was being behaviour of screens, coders and decoders cinemas in 19 countries. discussed in sector circles as an emerging and collect data on people’s experiences Over 250 3D programmes niche solely for use with a select group of with 3D content, both at home and in the were broadcast with films. By the second half of 2009, prospects outside world. a speed of 40 Mbps. had changed dramatically with announce- ments from Sony about the mass production of 3D flat-screens, the premieres of iconic 3D films, among the most outstanding of which is Avatar, the development of 3D computer games from producers such as Nintendo, and plans to launch 3D television channels from audiovisual sector operators and subscription television platforms such as BSkyB, ESPN and Canal Plus.

Public response Given that major companies, which represent the whole of the audiovisual industry’s value chain, have made their intentions clear, there is no doubt that the 3D market is maturing much faster than expected and it is getting ready to really take off. The ﬁnal decision will be made by the public themselves. Will cinema audiences appreciate 3D and the opportunity to see special events like opera and concerts in 3D in public venues? Will they be prepared to start changing the first generation of LCDs and plasma Eutelsat’s specialist screens for the new 3D screens? The response resources and so far to the experience of total immersion knowledge have played in the world of 3D has been unequivocally a role in numerous key developments in the favourable, especially for premium special audiovisual market. events.

14 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 15 Demonstrations in Europe Andrew Wallace, chief commercial SCREEN DIGEST Manufacturers and suppliers of equipment, officer for Eutelsat, commented on the ESTIMATES in association with audiovisual operators, experience so far: “3D is an exacting and have carried out demonstrations throughout bandwidth-hungry application, requiring A 56 MILLION Europe to reproduce and monitor, as fully up to 40 Mbps of capacity for out-of-home 3D TELEVISION SETS as possible, the conditions in which direct venues, and the highest levels of collabora- THROUGHOUT events are rebroadcast in 3D. This ecosystem tion between all players in the transmission THE WORLD BY 2014 has made it possible to show top-level chain. Consumer expectations about events, in order to test public reaction; 3D format are high. Both the content and among those included are the Six Nations signal quality are key factors in contributing rugby tournament, the Roland Garros ten- to its success”. nis championship, and the St Petersburg 3D market is maturing ballet from the Mariinsky Theatre. The con- Cinema projections much faster than expected tent has been shown and analysed on very The availability of live 3D matches in and the experience has been different types of equipment, from 15 metre cinemas has been one of the biggest high- unequivocally favourable of total immersion cinema screens to first generation Full HD lights, in terms of technology, surrounding in the world of 3D. 3D televisions. the FIFA World Cup, 2010. By offering sports fans the opportunity to see their favourite sports on the big screen, and in a group environment, the 3D projections in cinemas have become a rapidly emerging product throughout Europe’s vibrant digital The tests carried out by Eutelsat services market. concluded that Thanks to the work of key operators in quality 3D television developing 3D, Eutelsat has made optimal broadcasts required a minimum speed use of the FIFA World Cup as a commercial which represents platform for viewing 3D matches in public 40% more than a venues. A total of 20 of the 60 matches held high definition signal. in South Africa were rebroadcast throughout Europe using the Eutelsat satellites, and were projected on 15 metre cinema OpenSky. This equipment consists of a 1.5 to wear passive polarized glasses or active screens in 19 countries, including France, metre receiving dish and an IDC professional SINCE 2008, EUTELSAT sequencing glasses. Germany, Italy, Spain, Russian, Poland and receiver with Sensio decoder and BISS HAS BEEN WORKING The tests carried out by Eutelsat and the Nordic and Baltic countries. As the tour- scrambler. INTENSIVELY WITH ITS their partners concluded that quality 3D nament progressed, cinemas in other coun- Carsten Schuffert, CEO of BEWEGTE television broadcasts required a minimum tries, such as the Netherlands, joined the BILDER Medien AG, one of Eutelsat’s part- PARTNERS IN THE FIELD speed of 12 Mbps, which represents 40% list of those receiving the signal, thus prov- ners in managing the network of digital OF 3D TO CREATE A NEW more than a high definition signal. This high ing the scalability of a network based on cinemas in Germany, Austria and Switzer- CONSUMER EXPERIENCE consumption is motivating operators like satellite broadcasts. land, assured us that, “We have been closely Orange to use satellites to carry 3D content By the 11th of June, when the cham- monitoring consumer response to viewing to homes that do not receive the signal pionship ends, Eutelsat will have broadcast World Cup matches direct from South through the French ADSL network. Also, it over 250 hours of 3D programmes. The Africa in cinemas, and are simply amazed shows the capacity of subscription TV satel- signal is emitted in Europe on the ATLAN- by the enthusiasm. The 3D experience lite broadcast platforms like BSkyB, Canal TIC BIRD™ 3 and W7 satellites, using a on a cinema screen is the closest that tech- Plus and DirecTV to become pioneers in offer- broadcast flow rate 40 Mbps to guarantee nology has brought us so far to actually ing 3D format as a new premium service. the quality and strength of each transmis- being in a stadium. It combines the pleas- Michel de Rosen, CEO of Eutelsat, con- sion. Eutelsat has five feeds: four of them ure of sharing live sport with the thrill of cluded: “Our work on 3D transmissions is in are configured for cinemas, with commen- enjoying every graphic detail of a world- line with Eutelsat’s solid commitment to taries in English, Italian, French and Russian, class sport event”. innovation and opening up satellites to new and the other one is a television signal oper- applications. The 3D format marks a new ated by the French channel TF1, which is 3D in homes challenge on the long trajectory of advances broadcast in France through the FRANSAT The next step in the 3D market will be in the audiovisual market over the last 20 digital platform. to extend this experience beyond public years. We are convinced that satellites, thanks venues and move into people’s homes. to their coverage and their bandwidth, are in Positive response from consumers Thanks to top name brands manufacturing a unique position to carry 3D content to There are over 200 digital cinemas in the 3D televisions, and anticipated sales fore- cinemas, public venues and homes, and this growing network, with over 400 screens casts by Screen Digest of 56 million televi- new dimension will bring together digital which can receive the live 3D signal, using sion sets throughout the world by 2014, television, high definition, digital cinema and equipment provided, installed and managed, this is a clearly emerging market and is other new services to form the exciting land- in real time, by Eutelsat in partnership with not limited by the fact that viewers have scape of digital entertainment”. Q

16 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 17 munities, except for Castilla-La Mancha, Galicia and the Basque Country, though 3.400 only partially in Andalusia and the Canary rEpOrT DTT broadcast Islands. All these autonomous communities centres are managed have a regional telecommunications infra- by abertis telecom. ANALOGUE SWITCH-OFF structure operator. According to information from the Ministry of Industry, Tourism and Trade, their DTT Transition Plan has created 40,000 A great conclusion to jobs and it provides employment for over 10,000 people in equipment manufacture and installation companies. Implementing DTT involves a techno- the analogue switch-off logical change that opens new opportunities for new services including: paid-for DTT, Since last April, Digital Terrestrial Television (DTT) has reached practically every high definition TV, 3D television, and vari- home in Spain. One of the main actors in making the switchover from analogue ous convergence formulas between televi- to digital technology possible has been abertis telecom sion, internet, and mobile DTT. In all these new applications and services, abertis TexT anD phoTos abertis telecom telecom brings to the table, as a neutral operator, all its experience and competence in innovation and development. n The whole of the abertis telecom DTT broadcast Digital coverage organisation has been involved in centres abertis telecom has provided 98% cover- the DTT implementation programme, with age for public television and 96% for private. over 700 people working on it directly, and DTT coverage commitments are very sim- over 2,000 external technicians and profes- ilar to those for other European countries: Implementing DTT involves a technological sionals also involved. According to Tobías 2.761 in France it is 95% and in the United King- change that opens new Martínez, managing director of abertis dom 98.5% for public television. opportunities for new services. telecom, “The key to our success is that According to the president and CEO three years ago we anticipated that DTT 2.939 of abertis telecom and the abertis group, was going to develop in Spain before it did Salvador Alemany, “This has been the project in the rest of our community partners”. that gave us our positive standing with the

The Public Authorities, (European, n ‘SiteS’ MANAGeD Authorities, in motivating a process which national and from the autonomous regions), BY ABeRtiS: 52% has advanced throughout the whole Euro- n ‘SiteS’ NOt MANAGeD who chose abertis telecom found them BY ABeRtiS: 48% pean Union; with radio stations and televi- to be a suitable and qualified technological sion stations, because they took this chance; partner to carry this out. This project is one with the technicians who installed it, of the most complex and ambitious technol- because it has ensured that new technology ogy migration exercises ever carried out for has been disseminated and reached every a universal service as basic as television. single house in an effective manner. Finally, The DTT implementation process has the talents and capability of our teams been technically, logistically and socially –those abertis telecom staff who have, very complex (it affects over 46 million over these last four years, maintained the people) and the company has the knowl- interest and continued focus on a project edge to roll-out progressively a new digital which, by its very nature, is critically impor- broadcast network, based on existing and tant– have earned us great respect”. new centres, in order to replace the analogue network rolled out over the last Managed centres 50 years. Of the DTT broadcast centres Of abertis telecom’s managed centres, currently in Spain (a total of 5,700), 52% 2,200 are contracts with national public and of these (2,939) are managed by abertis private television companies providing 98% telecom. coverage. The other centres provide extended But DTT technology does not end here. coverage to complement the ordinary cover- In the opinion of abertis telecom’s man- Links age and bring it up to 98.5%. In 1,200 of the aging sirector, “We are still growing as centres, they also broadcast public and private regards DTT because we still have to imple- DTT autonomous regional channels in addition ment mobile television, high definition and www.televisiondigital.es to the national television services. modernised satellites”. abertis telecom abertis telecom has rolled-out cover- www.abertistelecom.com age extensions in all the autonomous com-

18 n lInk abertis n august 2010 august 2010 n lInk abertis n 19 INTERVIEW

Infrastructures Tano Santos «Infrastructure policy plays a key role in any Stimulus Plan»

The holder of the abertis chair-FEDEA in Transport Economics analyses the role of infrastructures within the current economic situation

TEXT abertis | PHOTOS FEDEA-Tamara Arranz

There is a lot of talk about the role it is politically viable, and is sustainable over that infrastructures can play in time, all of which helps to create expecta- Profile stimulus plans, with some major an- tions of long-term commitment from the He has a doctorate from nouncements being made about public public sector, which in turn could serve to the University of Chicago, investment. Now that public budgets anchor private activities. and is Franklin Pitcher are being cut, how would you evaluate Investment in infrastructure always ben- Johnson, Jr. professor of the implementation of these stimulus efits a local economy in the short term, Finance and Economics at Columbia Business School, plans for infrastructures? although clearly long-term benefits are as well as being the The crisis which has been affecting us since another matter. Because of their nature, these director of the abertis the summer of 2007 has a strong demand programmes focus on the short term and are chair-FEDEA chair in component, unlike, for example, the crisis at an attempt to revive economic activity. All Transport Economics. the start of the 1980s, which was a supply this is an orthodox response to a crisis, which shock crisis. This is why governments through- initially, it would be fair to say, was not thought His research focuses on the area of assessing out the world have embarked on traditional to be so deep. It is important to emphasis the activities and applied obvious: that the purpose of a fiscal stimula- expansive fiscal policies, ranging from Plan E economic theory, with in Spain to the £700,000 million fiscal stim- tion plan is to revive private economic activ- special interest in financial ulation plan in the United States, specifically ity. If this does not happen, then it is difficult innovations and designed to compensate for the lack of private to hold the position that the stimulus plan in organisational theory. demand. general has been successful. He has published articles In the US, president Obama also However, the problem in Spain is that in prestigious economics launched a plan, although somewhat lack- the depth of the crisis caused a dramatic journals such as American lustre in my opinion, for a high velocity fall in taxes collected and a very pronounced Economic Review, network as one of his star projects, and he increase in social costs associated with the Quarterly Journal of cited Spain as an example. It is not surpris- rapid rise in unemployment. It created Economics, Journal of ing then that an infrastructure policy has deficits, which in a very fragile international Political Economy, Journal such an important role to play in any stim- environment meant they could not then of Public Economics and ulus plan: it requires a huge commitment continue the initial fiscal impulse with the Review of Financial Studies. of public funds, it has a significant multiplier freedom it required. And I am afraid that as He has written many effect on the local economy in the short a result, the ambitious infrastructure plans economic opinion pieces. term (although debate is raging between of the current government have suffered economists on this); it is visible, which means major cuts.

20 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 21 QQQ the losses of these balances, and that makes Is it possible to balance the effect of it difficult to refinance our financial system, infrastructures on fiscal deficits and and, therefore, it has resulted in a significant the country’s competitivity? reduction in credit, particularly to SMEs. Spain has a serious competitivity problem, I think that right now, in this serious which is nothing new, but it has translated situation with the financial credit system into enormous deficits in our current account. frozen, businesses, beyond official loans, can In a climate where refinancing our private do nothing except reduce costs and use their and public debt is, as is well-known, prob- own resources to the maximum. In a way, lematic, we have to progressively reduce our until the necessary clarification about the dependence on foreign savings to refinance balances in our banks and savings banks is our debts. This obviously can only be achieved given, they are going to have problems by eliminating these debts, which requires accessing the wholesale market, and they improved competitivity and this can only be are going to tend towards withholding attained in Spain through increased produc- resources. The most pressing priority now tivity, since poor productivity is a permanent is precisely to continue decisively with stain on our economy. restructuring the financial system.

The question that our economic policy QQQ supervisors have to respond to is, in my opin- In your opinion, should there be more ion, the following: in an environment where regulation of financial markets and our debt capacity is limited, what are Spain’s the various players involved (busi- priorities for improving its competitivity? nesses involving ratings, hedge This country has made a huge investment in funds...)? infrastructure in recent years, and, frankly, Of course, but you must remember that you get the impression that it has neglected these problems occur within the most other aspects of its productive structure, such regulated sector of our financial system as anything to do with human resources, as (banks, as was the case with Citi and Bank is clearly shown in the PISA Report on scho- of America in the United States, and the lastic performance, the findings of which savings banks in Spain; insurers such as AIG, were simply depressing. etc.). Therefore, it is not just a question of In fact, infrastructures have been our more regulation, but of better regulation, access route into European institutions and and this has a dynamic and discretional the focus of public investment, and this has component that gives the regulator the translated into a certain level of dependence instruments to intervene in the presence of on this kind of investment for the economy ﬁnancial innovations and the excesses they of this country. see in generating credit.

QQQ This crisis definitely has multiple causes, What fiscal measures would be the most poor regulation, worse supervision, overlev- prudent in responding to the structural eraging in various sectors and, above all, the problems of public deficit? level of permissiveness towards an unprec- Clearly, the best step, which would solve edented real estate boom, which, as with many problems without significantly reduc- all real estate booms, was financed mainly ing demand at the same time, is to reform which means a tax burden for those of work- brought about simply through cyclical recov- THE CURRENT CRISIS of high speed kilometres in Europe by on debt. the pensions system. The retirement age for ing age which destroys incentive. Another ery. Spain has a significant structural deficit IS BOTH A PROBLEM OF 2020. The question is whether, in a prob- In this respect, the current crisis calls employees should be raised to be in line fairly major reform, and one which will have that needs to be reformed in the same way lematic environment as regards public debt, for better regulation, as well as supervision with many of our neighbours. At the same a huge impact on our fiscal situation in the as the other two mentioned above. BETTER REGULATION AS this is a credible commitment. This crisis of the interaction between the financial time, the number of years used to calculate long term, is the reform of the healthcare QQQ WELL AS SUPERVISION is not over and I am afraid that it may system and the economy. the replacement rate for public retirement system, where the introduction of co-pay- What role can infrastructures play in OF THE INTERACTION ride roughshod over many areas. QQQ pensions should be lengthened. The replace- ments could have a very healthy effect, not helping private investment to recover? BETWEEN THE QQQ How can monetary policy affect pres- ment rate is currently around 80%, which just on collecting funds, but also on the use Investment in infrastructures is important FINANCIAL SYSTEM How can private companies over- sure on the euro zone? is one of the highest of the major countries of healthcare services, which will help to because, by its very nature, it needs a AND THE ECONOMY” come financing problems with the The European Central Bank (ECB) is dealing in the OECD after Greece. This would be the control costs. sustained effort from the State over a current volatility in financial and with several challenges at the moment, all ideal reform: it is relatively easy to do Lastly, the best prescription for a fiscal long period of time, which eliminates uncer- share markets? of them extraordinarily complex. First, it must through legislation, it has credibility within challenge is always to keep growing. Our tainty and encourages additional private THERE WILL BE Our problem, obviously, is our financial sys- be remembered that the ECB has only one the markets because the fiscal adjustment problem, obviously, is that the previous investment. Clearly, there is a political HUGE MARKET tem, particularly with reference to savings objective, which is price stability, while for is codified, so to speak, into the law, and it model of extensive margin growth has been willingness to continue investing in trans- VOLATILITY AND banks, because their balances are very example the US Federal Reserve’s goals are responds to the inescapable economic real- exhausted and now we have to lay the foun- port infrastructures and the Strategic THIS WILL IMPLY exposed, as you well know, to the vagaries price stability and economic activity. This ity. In effect, the dependency rate, the dations for a new one. This will, naturally, Plan for Infrastructures and Transport 2005- PATCHY CREDIT FLOW” of the housing market. My opinion is that gives the Federal Reserve the legal authority number of people between 16 and 65 for take years and I am also somewhat pessi- 2020 has the ambitious goal of making the market does not have confidence that to do more than the ECB. One of the meas- every person over 65, continues to diminish, mistic about fiscal stabilisation being Spain the country with greatest number sufficient clarification has been made on ures that the Federal Reserve has used to

22 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 23 support economic activity has been their from all Spanish risk, indiscriminately, and already being planned and the invitations well-known quantitative easing, i.e. expand- that is why many bodies, companies and will be sent out shortly. ing the Federal Reserve’s balance sheet by others are suffering from the unfair conta- In addition, the RET (Network of Trans- buying government debt and mortgages, all gious effects. But, as I said earlier, at some port Economics Researchers) is being set up this financed by creating reserves. There is a point there will be clarification about where and organised. They are already working on huge debate on the medium and long-term this Spanish risk lies, and that will once again the website, which will support the net- consequences of the above policy on price open the credit gates for those companies work’s functions. They also want to encour- stability, and that is why Spain’s central bank that are viable and have investment plans. age working collaborations between has resisted taking this route which is unprec- The stress tests announced for the end of researchers in this area. edented in monetary history. July are a first step, if they are done well, We are also preparing a series of articles So far, the purchase of sovereign debt towards this clarification. on Transport Infrastructures in Spain. It’s is being “sterilised” in order to avoid creat- Having said this, this crisis is here for about putting together a publication that ing money that could have an adverse effect the long haul and I am slightly pessimistic looks at the current state of transport infra- on price stability in the future. On the other about the short term: there will be huge structures in this country, as well as the main hand, this stability in the financial system market volatility and this will imply patchy academic developments on this topic. FEDEA has survived so far thanks mainly to bidding credit flow. has vast experience in publishing this type and discount operations that the central QQQ of monograph, and given the importance bank can carry out. What are abertis chair-FEDEA objec- of investment in infrastructures to this coun-

QQQ tives? try and the ambitious plans for these, it How is Spain’s economic situation seen The main objective is to encourage quality seems to us to be the ideal occasion for a from a United States perspective, and research into subjects relating to Transport publication of this type. how does it affect international busi- Economics, as well as serving as a link Another long-term and more ambitious nesses such as abertis? between the business and academic worlds, goal is to establish a database on transport They look on the Spanish economy with whilst not forgetting that which relates to economics in this country, which we can concern, but they also seriously misunder- transport policies. To do this, three activities continue to update and that will be useful stand what is good and what is less good have been prioritised: for young researchers who are just starting about our economy. In that sense, unfortu- Increase the publication of FEDEA out in this fascinating field. nately, our country is suffering from being working documents on topics relating to QQQ categorised as they say in the jargon of Transport Economics. We must remember What are the benefits and results of financial psychology specialists. For exam- that these working documents are used to collaborations between the business ple on innumerable occasions they have disseminate ongoing work likely to be pub- and academic worlds? lumped us together with the Greek economy, lished in reputable academic journals. The main benefit is the final scientific without taking into account the many things Documents are submitted to a prior assess- outcome, and not being able to count on that separate Spain from Greece. ment procedure. private financing would have made this There is also the serious belief that Submit tenders to compete for finance very difficult to achieve. Likewise, the busi- Spain is sufficiently large to create a real for research projects relating to this area. ness world, is in continual contact with the systemic crisis if they do not check the prob- European projects are particularly interesting market, and thus has a clear view of the lems affecting us. This is why so many arti- (7th Framework Programme and others). various trends and problems which only cles appear in the American press about our Besides this, we want to make the reach the academic world when they financial and even political situation. I am abertis chair-FEDEA a meeting point become self-evident. Communication afraid that this has caused investors to flee between the academic and business worlds between the two worlds is so valuable not and our transport policy managers, to serve only because it allows the university to be as an informal exchange of ideas and constantly taking the pulse of the situation, increase the possibilities for developing the but because there are advantages for the joint research programmes which form a business world too. link between them. One thing that often surprises business

QQQ people is precisely how alert the academic What medium-term actions does the world is to business problems. It is precisely chair envisage? because, in the academic world, people think The priority objective now is organising the and work without the pressure of the 1st Transport Economics Conference at business world that, in many cases, they the beginning of 2011. develop more long-term solutions which The idea behind it is to bring together often have a richer content. It is here that Spanish researchers who work in this sector, universities can be useful to businesses as with the dual purpose of presenting their an ideas laboratory, as a place that reﬂects Tano Santos thinks that, “Universities can be work and promoting possible future joint on problems over years rather than months. useful to businesses as an activities. Initially, these conferences are This is an idea we are always very aware of ideas laboratory, as a place expected to be on a national level, although in the department and we hope to be able that allows them to reﬂect on problems over years it is intended to invite foreign researchers to reach a satisfactory conclusion to the rather than months”. to subsequent conferences. The agenda is current initiatives. Q

24 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 25 abertis in Chile Toll roads abertis is one of the largest team toll road operators in Chile, managing over 400 kilometres of roads, including the toll road and urban toll roads which have the highest levels of traffic. It controls 100% of the concessionaire elqui, who hold the concession for 229 kilometres of route between Los Vilos and La Serena, and 100% of gesa, the company responsible for operating and maintaining the Los Vilos -La Serena section. It also manages, maintains and runs the 218 kilometres of toll road between Santiago and Los Vilos, the 5 kilometres of the Melón Tunnel and the 75 kilometres between Chillán and Concepción. In addition, the group has a majority share in rutas del pacífico (78.9%), a company that holds 1 the concession for the Rutas del Pacífico toll road, some 131 kilometres that connect Working team Santiago de Chile with Valparaíso and Viña del Mar. Finally, it has a 50% stake in the 61 kilometre Autopista Central, which consists of the abertis Chile: at the end North-South axis and the General Velásquez axis.

— 1 — of an adaptation year Santiago de Chile Airport. — 2 — Toll plaza on one of the toll Chile has become a good example the group’s strategy when exporting road managed by elqui. — 3 — the abertis model. Altogether, the group has a workforce of 900 employees abertis logisticspark santiago. — 4 — in Chile and manages infrastructures with a value of over $1,500 million Santa Rosa car park 2 in Santiago de Chile. Text and photos abertis Chile 3 4

At the end of June, 2009, abertis final- ests of the company in Chile. In other words, “The strategy for advancing is to keep improv- ised the purchase of stock in Itínere in to consolidate the company’s new organisa- ing and adapting the services offered by the Spain and Chile, a transaction which allowed tional structure, coordinating the various business units, whilst always being aware of the group to consolidate its position in Chile services, with special attention to setting up our mission, vision and values”. as one of the largest infrastructure manage- shared services, an area which is responsible Using a relational and organisational ment companies and to have a presence in for supporting all the businesses controlled model similar to the one used in Spain, the all business areas involving toll roads, airports, by abertis Chile in accordance with quality, group coordinates operations in Chile through car parks, logistics parks and, indirectly through efficiency and cost criteria. the Corporation, with Lluís Subirà as general Hispasat, telecommunications. The general One year on, Lluís Subirà is confident manager, and four business units: toll road manager of abertis Chile, Lluís Subirà, assured that, by the end of 2010, corporate and shared management, led by Enrique Calcagni; us a year ago that their mission and the chal- services will be 100% provided by abertis car parks (saba), headed by Jean-François lenges they had to face were very clear: to Chile. Aware that a process of this magnitude Mousset; and logistics park management, take responsibility for the institutional rep- requires time to develop successfully and to with Manel Martínez as the general manager; resentation of abertis, representing the inter- have a solid working foundation, he says that and indirectly management activities in the

26 n link abertis n August 2010 August 2010 n Link abertis n 27 airport sector (the group has a 14.7% share implemented and operating at an acceptable The human team, the crucial element the fact that the majority of the group’s Investing in Chile Car parks abertis manages 15 car in the company that manages Santiago Air- level,” Luís Subirà emphasised. abertis operates in the toll road, car parks, employees share the same HQ. “This really There is no room for doubt when the general parks in the cities of port). Altogether, the abertis group has a airports, and logistics business areas in Chile, contributes to the smooth running of day to manager of abertis Chile is talking about how Santiago, Valparaíso and workforce of 900 employees in Chile and The earthquake of 27th February and also in telecommunications indirectly day operations, as well as to the exchange of the company has invested in the country. We Concepción, with a total manages infrastructures with a value of over On 27th February 2010, an earthquake meas- through Hispasat. For the general manager ideas and communication with the other busi- have covered a lot of ground in Chile and this of 8,942 parking spaces. $1,500 million. uring 8.8 on the Richter scale shook the cen- of abertis autopistas in Chile, Enrique ness units”. About the implementation of work has come to fruition over the last two Logistic parks tre and south of the country. A tragedy of this Calcagni, the human team has been a tre- corporate services, he highlights the first “pal- years. “In 2008 and 2009 we consolidated the The group is developing abertis nature leaves its mark on the country and its mendously important factor in the consoli- pable” results from setting up the intranet, a toll road side of the business through the A strategy of continual improvement logisticspark santiago, the first The general manager for abertis Chile, Lluís population. These are difficult times and, as dating process between the Corporation and tool that has helped all the partners in their integration of both ACS and Itínere; we are integrated logistics park to be Subirà, emphasises that a process of this Lluís Subirà admits, the implementation proc- the group’s business units. “We have found work and which, he says, “Allows them to work already present in the airport sector (through created in the Santiago de Chile nature, implementing and consolidating an ess for abertis corporate services was not them to be very dedicated colleagues. For faster and with a smaller margin of error”. dca, the company that manages the terminal metropolitan area. The first organisation’s structure, is no easy task. “We exempt from the added difficulties of the instance, in the aftermath of the earthquake, at Santiago’s airport); and we are expanding 20,000 m2 warehouse will be had to redefine our current teams, starting catastrophe. The earthquake did not affect some of the staff went out voluntarily to Working as a team our portfolio of car parks and logistics parks, finished in 2010. The project, with those we inherited from an era when, in the toll roads to check that no-one had Like his colleague Luís Subirà, Manel Martínez, with the abertis logisticspark santiago located in the ENEA industrial Chile, we only managed a few saba car parks been injured, and that the infrastructure was the general manager for abertis logística project, the first fully comprehensive logistics park, envisages the 2 and 25% of the toll roads run by Elqui fran- fully operational”. Chile says that the corporate services imple- park, which is underway in Santiago de Chile construction of 350,000 m chise company,” he said. THE HUMAN TEAM As regards collaborations set up between mentation process is complicated because and which will create over 5,000 direct jobs of warehouses, plus another 15,000 m2 of services for In this respect, he added that, after fol- HAS BEEN A KEY the different business areas, Enrique Calcagni “it involves everyone pulling together to make and 10,000 indirect ones. companies and people, lowing a strategy that allows them to improve recognises that the toll road sector in Chile the distribution of functions mesh,” and he This progress cannot be understood FACTOR FOR BUILDING including building offices, and adapt the corporate services offered by ABERTIS CHILE has the largest number of employees in the thinks that “it was absolutely necessary to without understanding the nature of the restaurants, parking, and the business units, they were expecting the group, “which allows us to support the other establish a Corporation in Chile that could abertis business plan, adds Luís Subirà: “We rest areas for road hauliers. Corporation to be functioning at 100% by units when they need us”. serve the business units and that can also are like long distance runners. Our activities the end of the second half of 2010. The the group’s infrastructures in Chile in general, With respect to the medium and long- could boost new business”. as infrastructure managers are capital inten- Airports abertis joined Chile’s airports progress can be seen and, by way of an exam- but only tangentially. The toll roads, for exam- term objectives to be achieved by this division, He also thinks that sharing a headquar- sive and require long-term commitment to sector in 2008 through ple, he explained that, “Apart from the toll ple, were kept operational the whole time. the general manager for toll roads states that ters is a very positive step. “We have good the assets we manage in order to produce the purchase of the company motorway sector, we all work out of the same As far as abertis Chile is concerned, he they will continue developing and adding relationships, both among the general man- results. We follow an industrial approach dca holding company which HQ”. Among other ideas that have been points out that, fortunately, although there improvements to their existing activities agers from the various business units and with which favours long-term management and has shares in a total of implemented and are now fully functioning, were no injuries to staff, there was material (building new lanes, developing electronic toll the other managers, and it is easy to swap vision, and strict standards for choosing 15 airports in Mexico, Jamaica, he highlighted the application they were using damage: some saba employees in Chile lost collection systems). Likewise, he adds, “Obvi- information,” he explained. He added that investments”. Lastly, he emphasises, “Chile Chile and Colombia. In Chile, for local intranet purchasing, and immediately their homes and a significant part of their ously, if we have the opportunity to manage they held monthly meetings, “in which we has very high standards as far as confidence dca holds a 14.77% stake in establishing a series of standards for travelling, belongings. The Spanish side of the group set assets and to incorporate new activities that formally share the progress made by each of indicators are concerned, particularly for the company SCL Terminal transport and vehicles, as well as establishing up a volunteer programme this year, and the boost or improve our current processes, then the business units and projects, and this con- investments, legal stability and a way of Aéreo Santiago SA, which has Management by Objectives (MBO) for 2010. company took up a collection among employ- we will take it”. tact encourages the exchange of information doing business that is compatible with the been running the concession “At the end of this year we should have nearly ees, so the saba workers affected could replace For his part, Jean François Mousset, gen- and team work. I think that we should encour- environments chosen by abertis to carry for the Arturo Merino Benítez (Santiago) airport terminal 100% of the corporate and shared services their assets as far as possible. eral manager for saba Chile, also values highly age it even more of it”. out their activity”. n since 1999. Other stakeholders include, Agunsa (47.02%), FCC (14.77%), Sabco (13.43%) and YVRAS (10%).

Link abertis Chile www.abertis.com/chile — 1 — From left to right: Rodolfo Tagle, head of Human Resources abertis Chile; Gerardo Riquelme, Administration and Systems manager abertis Chile; Carolina Castro, head of Communications abertis Chile; and Andrés Barberis, tax advisor abertis Chile. — 2 — From left to right: Manel Martínez, general manager abertis logística Chile; Enrique Calcagni, general manager abertis autopistas Chile; and Jean Francois Mousset, general 1 2 manager saba abertis Chile.

28 n link abertis n August 2010 August 2010 n Link abertis n 29 TRAVEL Not to be missed Negril A former refuge for artists and hippies, the Jamaica picturesque west coast has the best beaches on the whole island. Its turquoise- blue waters, delicately A country full protected by a coral reef, have made Negril Jamaica’s main tourist destination. of contrasts Blue Mountains The tallest and most The biggest island in the Caribbean is much more than verdant mountain range in the country. It has 78,210 rum, fine sandy beaches and reggae music. A cheerful, hectares of virgin jungle, colourfully dressed population welcomes you to this volcanic and we recommend you take an evening trip to island of leafy forests, beautiful waterfalls and crystal clear lakes watch the sunset from the roof of the island, Blue TEXT Marta Carrera | PHOTOS Óscar Elías / agencies / abertis Mountain Peak (2,256 m). As an added bonus, this is also the place where Larger and more varied than you might patois. Despite English being the official they grow one of the best think, Jamaica is a tropical island full language, most of the local people speak a coffees in the world. of beauty and rhythms. With a surface area dialect that incorporates English, African, Kingston equivalent to three times the size of Mallorca, Spanish, French and Rastafarian words. The capital exudes this former British colony offers the traveller Almost three million people live on Jamaica, the impression that this an infinite variety of discoveries. most of them descended from African slaves is where the real Jamaican Apart from relaxing on the paradise transported to the island to gather sugar rhythms live - among shores of the turquoise sea, adventure lovers cane; but there are also descendents from its noisy roads full of street hawkers and music as can play sports such as cricket, go hiking, European, Indian, Chinese and Arabic stock. loud as it can be. It is the horse riding or diving in any of the country’s But whatever their origins, they all dance to island’s cultural and three national parks. Families can choose less the rhythm of the styles of music born on artistic centre. 1 strenuous activities, such as going down the the island: reggae, dub, ska or rocksteady. Martha Brae River in Falmouth on a bamboo Nine Mile raft. For those who love their history, go to Bob Marley A centre of pilgrimage for all reggae music lovers, Kingston, the Jamaican capital, where the If anything sums up Jamaica it is Rastafari- or anyone who wants colonial past is still very much in evidence. anism, a religious and social movement, to visit the house where Any time is a good time to visit because whose influence is very much alive within Bob Marley was born, and it has a warm climate throughout the year. the island’s popular culture. Even though also where he is buried. The rainy season lasts from May until 80% of Jamaicans profess to being Christian, November, although short, intense cloud- Rastafarianism is the religion and way of life bursts can occur at any time. most popular among young people. Rasta- farians look very eye-catching because of The new Babylon their unusual hairstyles and their colourful Before it gained its independence in 1962, clothes, usually incorporating the pan-Afri- Jamaica had been a British colony since can colours (red, black, gold and green). 1655, and was once governed by the pirate Undoubtedly many of the people who Henry Morgan, whose name was later used come to this tropical paradise do so to fol- for marketing a brand of rum. However, low in the footsteps of Bob Marley, the “king it was the Spanish who were the first Euro- of reggae”, who, through his music, became peans to occupy the island in 1494. This an ambassador for his country. Every 6th of is noticeable in some of the names of the February, his birthday, followers from all — 1 — Frenchman’s Cove, in Port cities, like Ocho Ríos, Sevilla la Nueva or over the world gather at the birthplace of Antonio. Spanish Town. their idol in Nine Mile and pay homage, with — 2 — Waterfall Cheerful and hospitable, the Jamaican a music festival that lasts all night. at Dunn’s River. — 3 — Bar in Little population is an interesting mix of people, One of the main tourist attractions in Bay, close to Bob 2 3 as reflected the people you meet and their Kingston is, in fact, the Bob Marley Museum, Marley’s house.

30 Q LINK abertis Q AUGUST 2010 ter access to public transport, an extended INTERVIEW | FERNANDO BOSQUE check-in area, an extended taxiing area and aircraft storage hangars. VISITORS’ They have invested $183 million in “Jamaica, no problem!” GUIDE order to create a modern, fully equipped airport, which will play a vital role in devel- Their motto is: Jamaica, no problem! How to get there oping tourism and in the country’s economic And when they want to show their Spanish citizens do not need growth. agreement, or emphasise something a visa for stays of less than 30 days, they say: Jaman! only a passport and a return ticket. Most tourists arrive by plane Nooks and crannies to explore QQQ at one of the international airports: Once they have landed, beach lovers should What is your favourite place Sangster, at Montego Bay, head to the west coast, to Negril, with its to visit? or Norman Manley, at Kingston. 12 kilometres of white sandy beach, and The best time to visit Jamaica is There are regular flights from the palm trees of Long Bay which will fulfil during January and February, when Spain, with stopovers in other their every dream. To the south, Treasure it enjoys the best weather. European or American cities. Beach awaits travellers eager to discover Personally, I like to go to the south, You can also get there by sea unexplored nooks and crannies. On this to visit YS Falls, Black River and take in a cruise liner or private yacht. beautiful beach, Jamaicans practice the risky a boat to Pelican Bar, half an hour Where to stay sport of cliff jumping into the warm sea. along the coast, and enjoy a beer Half Moon Hotel Another unmissable location is Ocho and some tasty fish, caught and Rose Hall, Montego Bay Ríos, to the north of the island, a fishing cooked right there.

www.halfmoon.com village where the Caribbean cruise ships QQQ Set in a quiet beach location, dock. Most of the resorts found in this Can you recommend this elegant, colonial style resort region, combine idyllic beaches with a lush Fernando Bosque, managing any interesting trips? offers rooms, suites and villas, natural landscape where spectacular fresh director of mbj airports, lists the The most popular attractions are all decorated in exquisite taste. waterfalls leap. Along the route of the attractions of this island paradise around the Ocho Ríos area. I would From €330. A3 southwards is one of the most photo- and explains about the easy- recommend Dunn’s River Falls, a Riu Ocho Ríos Resort graphed waterfalls in the world: Dunn’s River going, tradition -loving dispo- waterfall that flows onto a beautiful Mammee Bay, Ocho Ríos Falls. Climb carefully up the natural steps sition of its people. Like the good beach; enjoy the experience of www.clubhotelriuochorios.com created by the water course as it flows host he is, he will also tell you swimming with dolphins in Dolphin This is one of the most modern down into the natural pools, to enjoy an about the parts of the island that Cove; and, coming inland from the all-inclusive resorts in Jamaica, you simply have to visit in order with comfortable rooms with amazing panorama. It is an unforgettable coast, don’t forget to visit Nine Miles, sea views. From €160. experience. to take away an unforgettable the place where Bob Marley is buried, memory of your trip. and also take a trip to the market Where to eat located in his former music studio. It is the abertis group, acquired in 2007, and which Dazzling from any angle QQQ in Brown’s Town. Hungry Lion most visited museum in the city and for is involved in 15 airports in Mexico, Jamaica, The road that snakes along the Oracabessa Can you give us a reason to visit QQQ West End Road, Negril many Jamaicans it is also a sanctuary. The Chile and Colombia. coast to Port Antonio, where you will find Jamaica? Where or what should we not Phone +1876 957 4486 capital also has a very interesting and very dca is the major Perched on the cliffs of the the spring where they filmed The Blue It is a country that is becoming miss visiting when we come strong cultural and artistic heritage that is shareholder in the MBJ west coast, it offers new Lagoon, is one of the most spectacular on fashionable as a tourist destination to Jamaica? really worth seeing. Airports Ltd consor- Jamaican cooking based the island. This is also where Ian Fleming set as a result of a significant increase Negril. The long beach at Negril, tium, with a 74.5% on fresh fish and several of the James Bond films and built in the hotel capacity and quality. and the atmosphere at Rick’s Café Sangster International Airport stake, including seafood, accompanied his stunning mansion, Goldeneye, (the title QQQ as the night draws in, both in the Montego Bay, to the northwest of the island, part of YVRAS, with by fruit cocktails. of the first film starring Pierce Brosnan as Very briefly, how would you west of the island. in one of the largest tourist areas, and the a 25.5% stake. Norma’s on the Terrace 007 in 1995), and which is now a hotel. The describe the country and its QQQ main airport for visitors entering the coun- Hope Road, 26, Kingston virgin jungle leads down to hidden coves, people? After the recent disturbances try. Mo Bay, as the Jamaicans call it, is the Tourist growth Phone +1876 968 5488 and banana and coffee plantations extend It is a verdant country with natural in the country, is Jamaica still second largest city in the country, with mod- The number of pas- One of the best tables to the foot of the Blue Mountains, the tall- attractions such as beaches, rivers a place you would recommend ern hotels, beaches, restaurants and shops sengers at Sangster in the capital. Here they est mountain chain in Jamaica. and beautiful landscapes just visiting? sharing space with beautiful colonial build- International has been pro- serve Caribbean specialities In the far east of the island you will find begging you to visit them. It has Without a doubt. You are referring ings such as Greenwood Great House or gressively increasing over the last few years, such as roast jerk pork with the best of Jamaican gastronomy, with such a population of 2.7 million. The to the clashes that happened last Rose Hall Great House. thanks to its location on the Negril-Ocho guava salsa or crab soup. tasty dishes as spicy jerk chicken. capital, Kingston, and Spanish town May, and that has all been resolved. Only three kilometres away is Sangster Ríos corridor, one of the biggest growing How to get around The not-to-be-missed culmination of in the south-east, accommodate Besides, they only affected part International Airport, Jamaica’s main tour- tourist areas in the Caribbean. Extension It is easy to get around by hire any journey should be a visit to the rum dis- over 50% of the population, of the capital, which is a long way ist airport, with a traffic flow of 3.2 million work was finished mid-2009, so that it could car and shared taxi. There is tillery – rum is the country’s biggest export. and the rest of the inhabitants are from the area of Montego Bay, passengers in 2009, and a total of 54 airlines increase its passenger handling capacity to a regular bus service. You can Setting out from the YS Falls, you quickly geographically spread throughout where most of the tourist complexes connecting it with 70 American and Euro- 9 million a year, and improve the quality of also get around the island reach the oldest in the English-speaking Car- the island. Montego Bay, in the and areas are. The incidents didn’t pean cities that same year. It also has domes- the service. by plane for a reasonable cost. ibbean, and you can taste several varieties of northwest of the island, is the affect tourism, although it is true tic flights, and facilities for private aircraft. The extension to the airport included To find out more this native liquor. Buy a bottle of their spicy tourism capital. Jamaicans are that they did cause a number of abertis airports manages the airport the building of a plane docking building with www.visitjamaica.com rum to take home as a reminder of your stay relaxed, friendly people and cancellations for hotel bookings through dca, a company belonging to the 10 boarding gates, a new arrivals area, bet- www.jamaica.com in this generous country. Q they love chatting to visitors. in the following months. Q

32 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 33 “Who pays the piper?”. This question has been the common feature in many COMPANY of the discussions taking place during the meeting of El sector de autopistas de peaje ante la salida de la crisis (The Toll road sector, Summer university emerging from the crisis), organised for 28th June by ASETA (Spanish Association of Turn- pikes, Tunnels, Bridges and Other Toll Road Concessionaire Companies) at the Interna- tional University of Menéndez Pelayo (UIMP) The future of José Luis Feito, in Santander. Experts from various fields met president of ASeTA. during this event to analyse the future of infrastructures in Spain at a time when the infrastructures, a debate unfavourable economic situation means that budgets will not stretch to maintain the same level of growth as in the previous decade. When it came to answering this under- hosted by UIMP lying question, several theories and analyses were laid on the discussion table. By way of Experts from different fieldsanalysed the various financing options an example, take the future of the high speed focusing on the ‘Eurovignette’ or the future of the high speed rail programme rail programmes in Spain; is it advisable to prioritise them, revive them at a later date

TexT Carlos Morán | PhoToS UIMP or simply slow them down. Another matter discussed was the need to build, standardise and support the pay-per-use system for the road infrastructures. On this latter matter, Joaquim Nadal, Anna Ferrer, director of the national the councillor for Regional Policies and Pub- Road Safety observatory of the Directorate General for Traffic, and Ramón García-Moliner, lic Works from Catalonia’s Generalitat, said, president of Spain’s Royal Automobile Club. “We will have to keep the current toll roads, and probably set up more”. These statements sounded a warning note, and came only a 2005, and France, whose plan consists in ident of the employers’ organisation ASETA, few days before the minister for Public Works applying a similar mechanism from 2012. “are the highest in the European Union”. and Transport, José Blanco, openly stated, The experts set this about-turn in invest- also in Santander, that there was a need to ment policy in the context of the public finance Public-private partnership find new means of financing, based on pay- situation. For Alfredo Pastor, professor of Eco- The conclusion of the experts was that, at times per-use, in order to maintain the current nomics at the IESE business school, “Spain is like this, when the Government has announced infrastructure stock. going through a serious liquidity problem and cuts in public funding between 2010 and a fiscal crisis, which will hinder efforts to reduce 2011 (some €6,400 million less), public-pri- Spain follows the examples the growing public deficit, despite the recov- vate partnerships should be considered. of Germany and France ery in gross domestic product (GDP) growth How would these partnerships be organ- Both these statements converge at the same rates”. In this regard, the former secretary ised? There are several different formulas, and point, the Eurovignette, the EU Directive, of State for the Economy believes that the moreover, several different approaches have which sets out road infrastructure pricing Government should forget about the old been initiated, from the measures announced policy (pay-per-use) for heavy goods vehicles. approaches, which associate infrastructures by the Executive for private capital to invest Designed to improve efficiency and to reduce with the social and economic backbone of the in Aena (Spanish airports), to options they are the environmental impact of transporting country, and go back to theories based on considering from the toll road concessions goods by road, this Directive suggests, in efficiency. “From now on, any investment in sector, and these could have their principle broad terms, establishing a general frame- infrastructures that is not self-financing should justification in pay-for-use and the application work, which allows the Member States to be very limited”, he said. of a standardised model for the building calculate and adapt the tolls based on cost During these debates there was no lack and financing of the road infrastructures.n resulting from pollution and congestion. of analysis of Spain’s decision over the last In Santander, Joaquim Nadal admitted 20 years to opt for high speed rail. On this the “irreversible” nature of this option, which subject, Ginés de Rus, professor for Transport Links the Ministry of Public Works and Transport Economics at the University of Las Palmas, From left to right: Andrés José Ayala, spokesman for the Popular Party parliamentary is working on, with the aim of applying it, as thinks it is necessary to “rate high speed rail University of group at the Public Works and Transport Commission; Rafael Simancas, spokesman for the from 2011, to large cubic capacity vehicles. in competition with other methods of trans- Menéndez Pelayo Socialist parliamentary group at the Public Works and Transport Commission; José María Spain will, therefore, be following in the foot- port, mainly, air travel”. They also discussed www.uimp.es Morera, managing director of abertis autopistas españa; and Pere Macias, spokesman for the CiU parliamentary group at the Public Works and Transport Commission. steps of Germany, which has been charging the infrastructure maintenance costs in Spain, ASeTA for the use of their high capacity roads since which, according to José Luis Feito, the pres- www.aseta.es

34 n Link abertis n August 2010 August 2010 n Link abertis n 35 report

TOLL ROADS sanef: electronic toll collection, moving forward

International experience and technological advances confirm the readiness of the abertis group and sanef to position themselves as leaders in developing and implementing electronic toll collection services in Spain

Text and PhOTOS abertis / sanef

Current talk about electronic toll col- sanef’s international experience began lection makes reference to the discus- in 1990 with advisory contracts for toll solu- 1 sions on the Eurovignette Directive (ecotax tions in Europe, and then later, since 2003, in France) and to the work carried out to with supplying and operating contracts for 2 interoperable electronic toll collections achieve a convergence of the different tech- toll systems and electronic toll collection 130.000 system through the eurotoll device. TECHNOLOGICAL ADVANCES nologies (DSRC, satellite and GSM/GPRA). systems; the Zagreb-Macelj project in Croatia, sanef electronic Any talk about the development of electronic the M-50 in Dublin, and the Golden Ears toll collection Initial European experience ACHIEVED BY SANEF MEAN toll collection must include mention of Bridge in Vancouver (Canada). As a result of devices in the In 2008, the toll road business section of THAT IT CAN POSITION abertis and companies belonging to the this trajectory, and the need to consolidate transport sector, abertis set up the first initiatives for devel- ITSELF AMONG THE LEADERS 30% of the total. sanef group, positioned as one of the main their position in this field, in 2006 sanef oping interoperable electronic toll collection IN SECURING ELECTRONIC international players in the design, supply set up a subsidiary, eurotoll, specialising in in Europe, eurotoll interoperability tour, a TOLL COLLECTION and development of electronic toll collection developing electronic toll collection solu- 70% 3,500 kilometre route for heavy goods vehi- solutions. tions. It has a 30% market share in the trans- Of the 25 large cles equipped with a single device, the Tribox DEVELOPMENT PROJECTS The technological advances achieved port sector (130,000 electronic toll collection European transport TM, which works on toll roads in seven coun- by sanef mean that, in this sense, it can posi- devices) and a portfolio of clients that includes and logistics tries (from France to Germany, the Czech tion itself among the leaders in securing 70% of the 25 large European transport and companies are Republic, Switzerland, Austria, Italy and ABERTIS IS AIMING in sanef’s portfolio electronic toll collection development logistics companies. Spain, with the final destination point of TO POSITION ITSELF AS of clients. projects (both on urban roads and urban link In broad terms, abertis is aiming to posi- Alicante). THE GO-TO PLAYER IN roads, and for several categories of vehicles). tion itself as the go-to player in European Developed for eurotoll, the Tribox TM EUROPEAN INTEROPERABLE It’s leading role also puts it in the position of interoperable electronic toll collection, and is an electronic device already on the market, being an integral and indispensible part of to do this it counts on the positive experi- which brings together all toll-related tech- ELECTRONIC TOLL projects such as France’s ecotax scheme: the ences of sanef and abertis concessions in — 1 — nologies (DSRC, Satellite and GSM/GPRA) COLLECTION, AND TO DO Heavy goods vehicle French have implemented a new tax for heavy Spain and Chile. used for the eurotoll used for electronic toll collection from heavy THIS IT COUNTS ON THE goods vehicles over 3.5 tonnes, linked to As a result, since October 2007, the interoperability tour. goods vehicles in Europe, and which meets POSITIVE EXPERIENCES electronic toll collection along 15,000 kilo- Mediterranean toll motorway networks — 2 — the objectives of the concessionaires of the Close-up of the OF SANEF AND ABERTIS metres of national and local highways (roads belonging to the abertis group (acesa, Tribox TM developed abertis group to put into practice an inter- and toll roads). aumar, aucat and Ciralsa) are linked by an by eurotoll. operable and operational solution. IN SPAIN AND CHILE

36 n link abertis n August 2010 August 2010 n kLin abertis n 37 One invoice tional improvements along its network of toll in applying the Eurovignette Directive. This Positive experiences with non-stop This initiative is in keeping with the frame- WITHIN THE ‘PAQUET roads, particularly with regard to the environ- Directive is working toward defining a new electronic toll collection: the Dublin example work of the European Directive on interoper- VERT’ AGREEMENT, SIGNED mental issues. This investment programme model for the design and criteria for pay-for- ability 2004/53/EC, focusing on improving includes the introduction of non-stop elec- use road networks in Europe. The aim of this In 2007 sanef, through Positive results mobility of road hauliers through the con- LAST JANUARY BETWEEN tronic toll collection along the group’s high- Directive is to improve efficiency and reduce the bet’eire flow sanef switchs to an consortium, in which it integrated automatic vergence of the European electronic toll col- THE SANEF GROUP ways (replacing the current stop and go system, the environmental impact of goods trans- has an 80% stake, obtained payment system, better lection systems (DSRC, and satellites). Once AND THE FRENCH giving better traffic flow, saving on fuel and, ported by road. The underlying idea it to the contract to establish, traffic flow and cutting the eurotoll interoperability tour has been consequently reducing CO emissions, as achieve an internationalisation of direct GOVERNMENT, SANEF 2 operate and maintain an costs to a bare minimum. finalised, and thanks to technical advances well as being more convenient for the user). infrastructure and operating costs. electronic toll collection The system was up and in Tribox TM and the contractual interoper- WILL EXTEND NON-STOP Since 2007, sanef has carried out tests To do this, it proposes establishing a system for the M50 bypass running within a year, ability solutions developed by eurotoll and ELECTRONIC TOLL implementing non-stop electronic toll collec- general framework, which would allow the around Dublin. This and since 30th August, sanef, only one invoice is issued per country, COLLECTION TO ALL tion for light vehicles on the A1 (Paris-Lille), Member States to calculate and adapt the contract involved replacing 2008, almost 100,000 toll barriers with an drivers per day have thus showing that European interoperability TOLL PLAZAS ALONG ITS A2 (Paris-Brussels), A4 (Paris-Reims), A16 tolls based on cost resulting from pollution is already a reality for road hauliers. (Paris-Boulogne) and A26 (Reims-Calais), as and congestion caused by the traffic, in such electronic toll collection benefitted from the new NETWORK OF TOLL ROADS well as testing the system on heavy goods a way that this initiative is compatible with system, which came into system and improved ‘Paquet Vert’: driving non-stop vehicles on the A29 (Aumale). As part of its sustaining an internal market. Taking into force in summer 2008, traffic mobility. Once up and allowed users to travel and running, bet’eire flow electronic toll collection commitment to Paquet Vert, sanef will extend account developments in the legal framework the M50 without having will control the system for In the short and medium term, and in parallel non-stop electronic toll collection to all toll and the appearance of new technologies, to stop. The project really 7 years during which time with international projects, sanef is working plazas along its network of toll roads. many European countries have started to came about because of it will provide complete on putting into operation measures included apply these toll schemes (the best known the need of the Irish electronic toll management within the Paquet Vert agreement, signed last ‘Eurovignette’: towards a new examples are Germany and Austria) and at authorities to bring a and payment services: January with the French Government. The payment model for use in Europe the same time other Member States have solution to the problems video tolls, photo abertis group will invest a total of €250 mil- It seems inevitable that the abertis group announced ambitious plans for applying them posed by the M50. identification surveillance, lion over three years in implementing addi- would play an important and essential role (for example, Holland and France). n It is the city’s primary control of offences, distribution route and it managing season ticket has experienced a huge holders, equipment growth in traffic, with maintenance. Currently 85,000 vehicles per day, sanef has 159,500 6% of which are heavy registered electronic goods vehicles. toll devices. Accepting the system According to Christian Copin, managing director of bet’eire flow (photo right), the advantages of the “no coins, no queues” system was that it was more popular than the previous system and the public quickly signed up to use it. Additionally, we also needed to meet the needs of different kinds of clients (local people, long-distance traffic, tourists, etc.) so we needed a wide variety of facilities combining free-flow electronic toll collection technology with conventional systems.

Links Implementing non-stop electronic toll collection sanef along all the group’s routes www.sanef.com would improve the flow of traffic, save on fuel and eurotoll

reduce CO2 emissions. www.eurotoll.fr

38 n link abertis n August 2010 August 2010 n kLin abertis n 39 part part of the group. experiences and encourage a feeling of being ticulturalism. Its priority is to share common ity values, supporting colleagues and mul- The editorial content will be about solidar- mission is to show and share their opinions. dedicated to the group’s employees, and its connection, it is a publication completely dispersion. communication despite our geographic group. that facilitates It is a channel all the cultural diversity within the and goals; a flexible link bringing together 40 the 18 countries where the With a network of correspondents covering Cross-cultural outlook otheroverto each theinternet. connection between two people, thingsorideas. Itcanalso beusedtoconnectdocuments ‘linking’ are we connected? ‘linking’: Corporateimage t ext and branding n link link magazine, covering concerns, visions linking, abertis P abertis abertis hotos QualitY of life effiCienCY iS caring for the environment, it has been put Red Eléctrica Española and Ferrovial. Castilla y León and companies like Toyota, Universities Foundation, the government of cases and strategies with the Castilla y León at the University of Segovia to analyse real the IE University, took part in a meeting tis autopistas Network Department ( sis. the conference in all business units. activities to achieve savings and effi ciency group has supported and organized many working. Following this idea, the towards a cleaner world and more effi cient 8 Forming part of the Group’s awareness and social responsibility. Greek – is a step forward in improving the The Energy effi ciency of effi ciency, all of them with improving quality ofAll lifebusiness asunits a havecommon denominatorundertaken various activities involving diff erent aspects n VOICE ACTIVE LINKINg On 20 November, the Central-Southern aristos A clear example of this commitment is : taken from theEnglish ‘link’ –intertwine, relate, clasp, join-theactofmakinga an opportunity to an moveopportunity forward In these times of global crisis, we have the new corporate internal abertis project – it means “the best” in n Spain, in collaboration with Sustainability in times of cri- abertis n was devised to create that april 2010 August 2010 aristos iberpistas campaign for ), of abertis aber- 3 1 to minimise hazardous waste. tests used by compressed airtechnology in — 4 sanef green driving course for — 3 stress management course. abertis telecom — 2 in sweden. Th e Nynäs slott farm, — 1 workers. abertis telecom abertis ’s on-line abertis 4 2 group ing these measures are directly or indirectly taking part in apply- ice easier. All in it to make the work of the cleaning serv- sticker symbolising what can be thrown away To do this, all they have to do is choose a place for disposing a particular type of waste. inviting each worker to turn their bin into a choose driving course to reduce their CO these stretches. on-line on-line In In 2009,2009, Time and stress are also subjects for training. Living better by up to 15%. driving course to reduce their CO these stretches. sumed and the light and CO lations, reducing the electrical power con- AP-7 network is being adapted to new regu- reducers in transformation units, the renewal of lights and the installation of ﬂ ow gona-Valencia-Alicante toll road. With the and maintenance areas of the AP-7 Tarra- road and in the external lighting of junctions former units of the AP-4 Seville-Cadiz toll taken action with tollbooth lighting and trans- In addition, Electricity consumption hot and cold water. lighting in communal areas and optimising ing off the cold air in winter, programming tioning system outside working hours, turn- PLZF is backing standby for the air condi- ditioning costs. Along the same lines, the tion of 8% in lighting and heating/air con- been taken leading, for example, to a reduc- lona Free Port (PLZF), where actions have into practice at the Logistics Park at Barce- by up to 15%. In addition, workers can go on a green Also at the PLZF headquarters, the In addition, workers can go on a green programme has been put into effect, Time management Time management abertis abertis telecom abertis abertis telecom abertis abertis autopistas abertis workers at the PLZF opened up the opened up the course to its course to its 2 pollution on 2 Spain has emissions aumar O CR CA MEANs COVERIN CORREs A NE A You You sour utL O N MAINt N C ss es: t vehicles and machinery used there. the farm can supply itself with energy for the farm where it is turned into biogas so that its organic waste to the Nynäs Slott organic rities. And Stockholm Skavsta airport sends it helps people in need, through various cha- to be made into biodiesel. With the profits, in Argentina, collects domestic vegetable oil moted CO We also recycle batteries.» I bring to in aplastic bottle which have beenstoring used oil «At home, my children The Waste management and at home. mote workers’ quality of life, both at work programme, is to provide the tools to pro- ning. Their aim, as part of the on setting objectives, prioritising and plan- Stress management workers and, during 2010, it is offering the La Rioja. supported the protection of storks in Aragón- in tests to minimise hazardous waste, and commitment to compressed air technology cal Operations Department offices, madea installed special containers in its 12 Techni- autopiStaS SudamériCa arGentina GCo, relaCionS inStituCional José KobIELA opINIoNs OOK grupo concesionario del oeste WORK OF OF WORK In addition, Cambridge Advanced Learner’s Dictionary /Oxford Language Dictionary -Cu gco 2 ‘LINKIN emission and water audits, when it’s full. PONDEN abertis abertis telecom course. Both are based g 18 CO 18 L abertislife AIN A A AIN has pro- RAL tuRAL n environment.» surroundings asustainable contributing to making our continuous improvement, processes and achieve responsibly, we optimise «If we use resources Lola Romero Spain abertiS autopiStaS network (iberpiStaS) Central-Southern environment ( gco ), ), g u for 198 people. sessions on the environment simulations and 25training environmental emergency measurements, 475 assessments, 25sound carried out 34environmental In 2009, driving programme. than 500workers inits green toll roads and willtrain more in various areas beside its 10,000 trees of native species sanef by 536.07kg. valencia-Alicante toll road on the Ap-7Tarragona- and reduced co2 emissions sevilla-cádiz toll road - compared to 2008 –Ap-4 cut down by 259,820kW savings on lighting, has with its good practice of abertis autopistas Some interesting figures ’ ’ ts isto plant more than N abertis telecom and control stress.» me to achieve my targets my time better, which helps management. Now I manage on-line and about time reticent about another «To start with we were Alex Hurtado valenCia abertiS teleCom, operationS t

spain, RIEs has for biogas. will have beenachieved during 2009, 19 tonnes and it isexpected that, farm with 15tonnes of waste provided the Nynäs slott In 2008, stockholm skavsta one person for 14years. water -the consumption of than amillion gallons of litre of oil poisoning more In thisway it prevents each makes to social programmes. and giving any money it offering itself to recycle it caused by used vegetable oil, gco ocR o THE To foR cARE ocR o THE To foR cARE ENvIRoNmENT ENvIRoNmENT isfighting the pollution HELps you HELps you the environment.» abertis management and to keeping to more efficient waste from where we work, opportunity to contribute, You choose, with initiatives like «The Eudald Duran infraeStruCturaS abertiS development Corporate ‘ARIsTos’

april 2010 aristos ’ commitment to offers usthe n , campaign, LINKINg ‘linking’ connects us Your new magazine abertis 1 ■ LINKING n n abertis business units, Communications teams from the various operates, and incorporating the Internal rial says: “ and to management. of the group’s experts, to their colleagues can address their concerns directly to one feedback, with sections where employees employees. The goal is to have even more being an interactive between channel spondents for the new magazine. employees will be both readers and corre- issues. This means that over 12,000 group and these will be reflected in successive will be a vehicle for employees’ concerns, cross-cultural outlook. These correspondents ders and joining together in diversity.” together in a positive way, overcoming bor- ■ JUNIO 2009 JUNIO As the last sentence of their first edito- In this same vein, worldwide. group in18countries workers of the to more than 12,000 linking linking isdistributed linking was born to bring us DISTRIBUTED IN will have an essential COUNTRIES 13 linking abertis LANGUAGES 6 IN lends itself to

APRIL 2010 No. 01

news kilometres of toll road throughout Spain. autopistas line toll barriers. ing traffic flow, by removing the four main- ening it from three to four lanes, and enhanc- route’s capacity to the increased traffic, wid- Salou (Tarragona), designed to adapt the stretch between La Jonquera and Vila-Seca/ acesa ening scheme for the AP-7 toll road, which between Maçanet-Fornells is part of the wid- the active projects within Girona province. and will provide continuity for the rest of been finished, northbound and southbound, This is the first 18.7 kilometres that have the AP-7 toll road in Girona, right on schedule. road between MaçanetandFornells acesa finishes work onthe AP-7 toll of theMaçanet-Fornells sectionofthe AP-7 inGirona andsouthbound,both north involving thewidening acesa openedup t toll roads toll ext and Thethirdconstructionthe of lane is building along the 125 kilometre of the Maçanet-Fornells section of Last July, P hotos , which manages over 1,500 acesa abertis autopistas acesa opened up the third lane is part of 18.7 kilometres oftollroad inJuly, abertis abertis the Sant Gregori and Vilademuls link roads, Gregori, Vilademuls and Fornells. As regards rent Girona Sur and Girona Norte exits; Sant three new link roads to be added to the cur- 21 months. in April of this year, and it is expected to take muls, went to Comsa. The work was begun the second, from Sarrià de Ter to Vilade- allocated to UTE Dragados-Copisa; and section, from Fornells to Sarrià de Ter, was divided between two companies: the first to schedule. The construction work was in Girona, is also proceeding according of the AP-7 toll road widening project demuls, circumnavigating Girona and part fourth lanes of the section Fornells-Vila- The construction work for the third and Project status The Girona bypass will complete the August 2010 the 1 summer, until will halt during the Work on the lanes carriageways. for the northbound from the 30 carriageways, and July for southbound from the 10 n st link s eptember, abertis abertis st th of July n 41 42 n link news abertis abertis n

August 2010 La Jonquera section (22.3 km). km). work (22.3 This section Jonquera La Sur- Figueres and km) (17.3 section Sur of to the lanes three Vilademuls-Figueres AP-7 in Girona with the widening from two acesa Progressive and sustained extension muls section. lane widening scheme for the the Fornells-Vilade-three link roads at the same time as the approval by the Ministry. for up drawn is design project struction cedure. After this procedure, the new con- new outline to the public information pro- Public Works and Transport has submitted of Ministry the link, a Fornells ever, the for link will connect with the Gi-531 road.of How-Public Works and Transport.reviewed beforeThebeing are beingVilademulsthey passedcurrently and to up, thedrawn Ministry were projects building corresponding the once the outline projects have been approved, Construction is expected to finishon will complete the extension of the the extension complete will almost widened lanes. ment through the increased traffic on the region. The company will recover its invest- Girona the in projects for AP-7 aside set total invested, around price increases or allocation times. Of the service to users. have an impact because it will improve the strategic corridor. Its increased capacity will stantial improvement in the Mediterranean the AP-7 widening scheme will mean a sub- widened. lanes open, including for the sections being out the entire period, keeping the current can be progressive and sustained through- widening that means which sections, tial AP-7 in Girona is being carried out in sequen- to finish in December 2011. expected is and 2010, January in began acesa of part as included activities the All Altogether, the extension work on the € 500 million, which does not include expects to invest a total of of total a invest to expects € 350 million will be Vil L the 125 kilometres of scheme for the of the widening Fornells ispart between Maçanet- The third lane a Jonquera and a-seca/S AP-7 between alou. the link roads, the one at Altafulla is already and L’Hospitalet de l’Infant. Currently, of all of El nals Vendrell, Tarragona, Mediterrani sequently eliminating the trunk road termi- closed toll system can be established, con- a means which to Vila-seca/Salou, lona) on all the link roads from Martorell (Barce- the Tarragona region, interfere with the traffic. the anticipated deadlines, but this will not areas, in order to stay on schedule and meetwork will continue in the non-carriageway the usual toll road conditions will and apply. width normal their to up The opened be until the 1 1 the 10 southbound section will be suspended from summer holiday period, from 10 In order to keep trafficflowing during the S on the northbound section from 30 section on the northbound st pecial measures for summer September, construction on the Girona As regards the widening of the AP-7 in th of July until the 1 st September. The lanes will also acesa st of September, and has started work th July until th July during July. carriageways the on out carried be will for Vilafranca Norte, where sporadic work between 1 carriageways the in ongoing work have seca/Salou). Similarly, these sections willsouth, not Tarragona access road, Reus and Vila- Sant Sadurní, Vilafranca and north/centre still ongoing on the rest (Martorell, Gelida, adapted to the new system, whilst work is showing traffic status in real time.webcams 19 view to people allows tem els on the various network sections. The panels,sys- weather stations and the service lev- vides information about the variableoccur on the motorways, message the site also pro- autopistas.com, including any incidents that traffic situation through its website at www.Maps. Infotráfico offers information on the service based on maps provided by Google acesa U ser information system offers users an Infotráfico information st July and 1 st September, except n www.abertisautopistas.com abertis autopistas Link Vilademuls section. scheme for the Fornells- as the lane widening roads at the same time finish on the three link Work isexpected to procedure. for the public information submitted anew outline Ministry, which has to besupervised by the construction project is awaiting anew The Fornells link road W the Ministryof Public reviewed for approval by Vilademuls are being roads of S The projects for the link underway Three link roads o rks and T August 2010 ant Gregori and ransport. n link abertis abertis n 43 n abertis autopistas has toLL roads erected information signs in arabic all along the aP-7. Accidents on the AP-7 toll road news have decreased over the last two years According to a study carried out by the Instituto Universitario de Tráfico y Seguridad Vial (Traffic and Road Safety Institute) of the University of Valencia, the AP-7 toll road has reduced its accident rate by 16.7% between 2004 and the present day

In order to identify the main causes of accidents, and to improve safety safety conditions along the AP-7 toll road, the company aumar, along the aP-7 toll road are a subsidiary of the abertis group, presented good, according a study carried out by the University of Valen- to the study. cia, which offers a comprehensive analysis of accidents and incidents between 2004 and 2008 along the Tarragona, Valencia and Alicante sections. toLL roads Main conclusion of the study abertis autopistas sets in motion The main conclusion of this overall analysis of accident rates along the AP-7 shows that safety conditions along the toll road are good, Operación Paso del Estrecho 2010 having greatly improved since 1981. The This scheme, implemented between 5th June and 15th September, study also detected that there has been a significant reduction in the seriousness of and in which abertis autopistas has participated for 10 years, is designed the accidents, as well as the mortality rate to ease and improve the circulation of vehicles on the AP-7 toll road in relation to the volume of traffic. From this, it can be gathered that the danger levels for the last five years have been the lowest For the tenth year running, abertis abertis autopistas for the period studied (1981-2008). autopistas has collaborated with the and the red Cross dents with victims by over 20% and age of drivers involved is 39, and 80% have installed state authorities and the Red Cross to ease a play area at Lower accident levels the number of deaths has decreased of accidents only involved one vehicle. traffic circulation during Operación Paso del the sagunto In specific figures, the study reveals that by 40% between 2004 and now. According In 16.7% of cases, the vehicles were regu- Estrecho, between 5th June and 15th Septem- service area. incidents have decreased by 16.7%, acci- to the results of the study, the average larly serviced. n ber. According to information from the Gen- eral Directorate for Civil Protection and Emergencies, part of the Ministry of the Inte- rior, 2.5 million people in 650,000 vehicles Changes in safety between 1981 and 2008 are expected to be travelling, as part of the

summer exodus of holiday makers known as handing out of 27,000 maps (in French and 1.000 Operación Estival Paso del Estrecho. Arabic) to tourists which include information on where to find medical facilities, petrol User information and services stations, emergency telephones, and service 800 In order to ease traffic circulation and increase areas, as well as information on how to access the flow of vehicles from all over Europe which their destination ports. 600 are heading towards the south of the peninsula, In some of the service areas between La abertis autopistas has set in motion a sche- Jonquera and Alicante, road users have access me along the AP-7, from La Jonquera (Girona) to medical teams, nurses and French and 400 to Alicante, to augment information systems Arabic translators. and customer care for road users. abertis The service areas at Empordà and autopistas has worked with the Catalan police La Selva (Girona), and El Penedès (Tarra- 200 force, the Mossos d’Esquadra, to set up control gona) have an intercultural mediator who points monitoring overloaded vehicles, in order speaks Arabic at the Red Cross help desk, and to guarantee road users a safe journey. abertis autopistas has installed a play area 1981 1990 2000 2008 Among the measures adopted are the at the Sagunto service area, with children’s erection of information signs in Arabic, the play supervisors. n ACCIDENTS WITH VICTIMS IF1: ACCID. WITH VICT./100 MILL. VEH. X KM IF3: DEATHS/100 MILL. VEH. X KM

44 n Link abertis n AuguST 2010 AuguST 2010 n Link abertis n 45 46 n l i nk news abertis abertis n

August 2010 of vehicles during extreme peak traffic traffic peak extreme during vehicles of is not capable way of the fluidly of absorbingthe lanes are configured,because the the infrastructure amount moment, the At (Ávila-Villacastín) with the AP-6 toll road. such as the connection of the AP-51road capacity increasestoll at strategicroad points,the when weekends, at and (getaways) ments are during special traffic operations when clients will really notice the improve- and the other northern regions). The times country to the northwest of Spain the (Galicia of centre the connecting route this along mobility traffic and improve safety to objective: clear a has and underway along thisroad corridor and Villacastín (Segovia) willimprove clients’ traffic circulation The work beingcarried outbetween Guadarrama (Madrid) to the AP-6 toll road isunderway Improvement andwideningwork T toll roads toll ext ext abertis autopistas | work to the AP-6 toll roadwidening is already and improvement The photos TAFYR, under Creative Commons licence, not for commercial use incorporated into the direction of the traffic.80, San Rafael-Villacastín, a third lane is being Rafael link (km 60). 58-59), as is the E-10 structure over the andSan the San Rafael viaduct are affected (km tre markers 49 and 52.1. La Jarosa viaduct structures up to standard between kilome- the bringing and bed road the widening are they where 60), and 49 markers tre Guadarrama-San Rafael, (between kilome- divided into are two sections.activities Firstly,improvement theoverall sectionThe Various activities Madrid after their holidays. as situations, such when return to people Between Between kilometre markers 60.5 and service to clients. and provide a better driver convenience safety, improve of infrastructure maximum levels to establish the undertaken is The work being signs to indicate the work on the lanes lanes the on work the indicate to signs have used various devices, such as warning working on the carriageways. To do safetythis of theyroad users as well as that of those traffic, and at the same time guarantee the road on effect minimum have will works abertis autopistas Guaranteed safety € lane that has absorbed most of this, almost in total, but it is the widening of the third cial investment of approximately finan- a involve envisaged activities The Investment of €94 million service to clients. better a provide and convenience driver mum levels of infrastructure safety, improvetraffic, and in order to establish the maxi- of demands growing the to response in out by carried Lavadero and Sotillo viaducts the to changes involve Arenales, will This 80 million. This work is in addition to the work work the to addition in is work This iberpistas ’s aim is that the road- in years,recent € 94 million tional throughout. The AP-6 toll road will continue to be road trafficopera- is hindered as little as possible. will be done on the external sections, tion.so Asthat far as possible, the extension work will have a minimum effect on traffic circula- circuit television and toll road patrols. from Centre,the Operations closed using have increase monitoring alongmendations forthese the area affected,sections and they with specific warning indications andtion on LEDrecom- message boards and matrices, travel this to section. takes it time normal the to minutes tion that is expected to add only a few extraon some sections to 80 km/hour; a restric- and allow for better flow of traffic. the maximum number of lanes in operation and adjusted the carriageways to maintain the hard shoulders ahead of the roadworks legislation. In addition, they have reduced current the with accordance in affected, The planning and implementation work They will also provide advanced informa- limit speed the set also have They n abertisautopistas www.autopistas.com/ abertis autopistas Link S third lane between Construction of the road: February, 2011. spring, 2012. o E-10 S s S bef section (km49to 52): G in spring 2012. see the final results although clients will have beenenvisaged; finalisation periods stages, different is carried out inseveral Given that the work deadlines Finalisation fr E and matrices. on information panels A km/hour insome sections. S for better traffic flow. the width of the lanes shoulders and adjusting R the affected sections. warning of work on Information signs adopted measures S ecti v an an R nh peed r u ed d o afety afety er the S adarrama-S v m the O o August 2010 u an anced warning R re E on: S cing the hard af afael Viaduct tructure section ced monitoring estri ael and Villacastín: aster, 2011. eptember, 2010. an R perations Centre. ctions of 80 n afael link

an R l i nk

afael abertis abertis n 47 toll roads The simulation consisted of staging a collision between The C-32 now connects two cars inside news tunnel 5 at El Garraf, in which a motorcyclist El Maresme with the Costa Brava was injured. On 12th July the new section of the C-32 between Palafolls and Tordera came into operation, improving road communications along the southern Costa Brava

The work, which began in December The new section is made up of two carriage- 2008, consisted in extending the ways, one in either direction, with two lanes length of the toll road by 4.4 kilometres, each 3.5 metres wide, a central reservation from Palafolls to the link to the Blanes- of 1.5 metres, exterior hard shoulders of Lloret de Mar road (GI-600). The inaugura- 2.5 metres and an average separation of 9 tion of the new section of toll road was metres, which is compatible with any future attended by Joaquim Nadal, the councillor widening of the infrastructure. The work consisted for Regional Policies and Public Works, and of an extension The finished work was done as part of the president and CEO of abertis and the to the motorway a partnership agreement, signed in 2010, acesa concessionaire, Salvador Alemany. of 4.4 kilometres. between the Generalitat Government of Also in attendance were the mayors of Catalonia and the concessionaire, acesa. toll roads Palafolls and Tordera, Valentí Agustí and Joan The agreement also includes building the Carles Garcia, respectively. new branch of the C-32 toll road, now Around 100 people took part in The new infrastructure, which in the extended to Lloret de Mar from the future future will connect the A-2 motorway link road to the A-2 motorway, and making planned by the Ministry of Public Works and improvements to the current motorway. an accident simulation on the C-32 Transport, improves access to the south These activities, carried out by the conces- aucat achieved its expected outcomes with this exercise, which Costa Brava. Carrying out this work has sionaire, involved a total investment of some involved a total investment of €53.5 million. €100 million. n allowed it to verify, on site, that the company’s automatic detection systems were working properly, using one of the Garraf tunnels

Last April, a traffic accident simulation PAU process, which provided significant infor- Timeline of a exercise was carried out in one of the mation in itself. Garraf tunnels; the Penya del Llamp tunnel The exercise also served to check that simulated accident (tunnel 5), on the C-32 toll road in Sitges. the various automatic detection systems Two cars collide and Over 100 people took part in the simu- were working properly, both in the area lose control in tunnel 5, lation exercise, which was organised by aucat, affected (protocols for starting/stopping/ part of abertis autopistas, and the Gener- reversing the ventilator turbines in the El Garraf. One of them alitat of Catalonia’s Directorate General for affected tunnel) and in the areas that were catches fire after hitting Civil Protection in the Ministry of Home not directly affected. In the opinion of Josep the wall. The other Affairs, Institutional Relations and Participa- Maria Pallarès, manager of the aucat network, is overturned. tion (which coordinated the roles of the “We achieved the objectives set. Our tunnels external emergency services, i.e., the Gener- are equipped with safety systems that are The following vehicles, alitat’s fire brigade, the Mossos d’Esquadra on the same level as those of the trans-Euro- including a motorbike, police force, emergency medical services and pean road network. All those who took part have to brake sharply. the Red Cross, among others). did so quickly and we are grateful for their A lorry swerves across the involvement”. road blocking the route. Positive assessment Using this simulation, aucat was able During the simulation exercise, two emer- to check its Self-protection Plan in accord- All the detection gency drills were activated – aucat’s ance with current legislation, particularly systems are activated self-protection plan (PAU) and the Civil Directive 2004/54/EC from the European and emergency warning Protection Plan for Catalonia (Procicat). The Parliament on minimum safety requirements alarms are triggered, aim was to check that they were operational on the trans-European road network, Royal including automatic and to assess the coordination efforts Decree 635/2006, of the 26th of May, regard- Images from the of the various groups taking part in an ing tunnel safety on road networks, and the detection of temperature inauguration of and CO increases, the new section. emergency of this type. This simulation was Basic Regulations on Self-protection 2 a milestone in the implementation of the (RD393/2007). n and CCTV.

48 n link abertis n August 2010 August 2010 n link abertis n 49 50 Q LINK tis NEWS aber Q AUGUST 2010 (Tunisia) by 16%. Thomson Airways runs days toFunchal (Madeira) andMonastir will increase thenumber ofpackage holi- announced that, from next October, it airline operating outofLuton, has also Ukraine, from Luton Airport. Republic,the Czech Bulgaria, Serbiaandthe to Poland, Hungary, Rumania, Latvia, Croatia, in Croatia. Currently, Wizz Air offers flights destinations are SplitandDubrovnik, both already operates from thisairport. The new Air hasaddedtwo new routes tothe17it operations outofLuton, thecompany Wizz capacity by 50%. Boeing 777willincrease thedaily passenger sengers onthisroute. Usinga282-seater for ayear, andhascarried over 75,000pas- flights between LondonLutonand Tel Aviv welcomed aplaneofthistype. for Luton, asthiswas thefirst timethey had Luton airport and Tel Aviv. Itwas amilestone regular Boeing777-200servicebetween Luton Airport. The useofthisplanewillincrease daily a r It isthefirst timethataBoeing777-200, whichwillprovide Boeing 777-200operated by EL AL Luton welcomes airport itsfirst AIRPORTS egular servicebetween Londonand Tel Aviv, haslandedat Thomson Airways, themaincharter In addition, sixyears aftersettingup EL AL Israeli Airlines hasbeenoffering airline, EL AL, running a hasstarted To meetgrowing demand, theIsrael economy. £50 millionforIreland’s Northern tourist this transatlantic linkhasgenerated at least Ireland. According toIreland’s Tourist Office, flights from theUnitedStatestoNorthern is theonly company flying transatlantic 16 first classseats. Continental Airlines a 175-seaterBoeing757, whichincludes www.abertisairports.com abertis airports Link 27 passengers onthisroute. ing thistime, theairlinehascarried 500,000 (Newark International Liberty Airport). Dur- anniversary ofthefirst flighttoNew York Continental Airlines celebrated the5th Last May, Belfast International Airport and Five years of flights First Choice. flights for thetouroperators Thomson and th May 2005, andoperates daily, using The Belfast-New York route began on Q 282 passengers. A Boeing 777holds

PHOTO The Boeing Company (installed atthe of theirmainclients, MRW Logística logística present andfuture of thesector, rent economicclimate. their decisiontooptfor flexibility inthecur- concept for anetwork oflogistics parks and sised theirstrategy ofpromoting anew the Fira deBarcelona, thecompany empha- place between the25 Europe. Inthislatesttrade fair, which took main trade fair for thissectorinsouthern Exhibition (SIL)tobepresent atthis, the national Logistic andMaterials Handling and Mater Once again, thecompany was asponsoroftheInternationalLogistics network ofparks atSIL2010 logísticaabertis rolls outtheir TEXT AND PHOTOS LOGISTICS In order tostimulate debateonthe the opportunity offeredthe opportunity by theInter- logística abertis organised ameeting withtwo ials HandlingExhibition(SIL)heldattheFira deBarcelona abertis abertis logisticsparkabertis th andthe28 hasagain seized th abertis abertis May at area for thenetwork ofparksbelonging to with anoccupancylevel of75%. The gross environment, includingitsstake inCILSA, approximately 930,000m At thecloseof2009, thecompany had Company activity in2009 manager of industrial courier sectors. interrelationship between thelogistics and the Parc Logístic), todiscuss, indepth, the coslada for ASM. Quelle, BusinessDevelopment manager director atMRW Logística, andJuan Manuel ticipation ofEnrique Sánchez, managing The debate was ledby Joan Font, general ) and ASM (recently locatedto abertis logística abertis 2 ofbuiltlogistics , withthepar- of 930,000m built logistics environment The company has a in figures abertis logística surface. 3 million m 715 hectares, with almost network of parks covers The gross area for the occupancy level of 75%. A UGUST 2010 2 of buildable 2 , with an Q tis LINK aber Q 51 abertis logística covers 715 hectares, with In Chile, they are continuing to press abertis logística’s INTERVIEW | JOAN FONT a buildable surface of almost 3 million m2. ahead with work on the first integrated logis- recent milestones abertis logística’s activity in recent months tics park in Santiago, abertis logisticspark

NEWS has been affected by the closure of several santiago. The project, with a surface area 2009 “We chose to listen commercial operations, which has involved of 63.3 hectares, includes the building of JUNE: Rompetrol opens the the rental over 30,000 m2 of warehouses 350,000 m2 of storage warehouses and Arasur service area, including to our clients” SIL 2010 has 2 facilities and services for both and offices. over 15,000 m of business services. It is become a meeting estimated that the first stage of the park, point for anyone hauliers and car drivers. 2 involved in logistics An ever-changing network of parks which includes the initial 20,000 m of SEPTEMBER: Araba Logística QQQ activities in the Last January, the new warehouse built by warehouses, will finish construction at Mediterranean closes the sale of two plots of land How is the company facing up to Sevisur Logística for Decathlon in Seville’s the beginning of next July. Q basin. in Arasur, with a total surface the current market situation? industrial zone, was opened. The new ware- area of 10,900 m2, to ATISAE, In this climate, where the sector house occupies an area of 31,500 m2 and for the Miranda de Ebro vehicle is adjusting both at the has 30 loading and unloading bays, built as inspection centre. employment and pricing level, three adjoining warehouses. From this ware- NOVEMBRE: abertis logisticspark abertis logística is following a house, Decathlon supplies its network of santiago is opened in Chile, with consolidation and asset stores across the south of Spain, Portugal the representatives from the management strategy, including and the Canary Islands. authorities and executives adjusting the levels of investment For Arasur, 2009 was a year spent con- from major Chilean businesses and driving the marketing and solidating their Service Zone, installing in attendance. sales area, making management a Rompetrol Service Area and filling station, 2010 more flexible and offering clients and a vehicle inspection centre run by solutions that are better adjusted JANUARY: The Decathlon ATISAE. warehouse is opened in Seville’s to their needs, including taking In Portugal, the final plans for, and industrial zone, with a surface part in the functional analysis of development of, road access to abertis logis- area of 31,500 m2 and 30 loading the warehouse and distribution ticspark lisboa, the first infrastructure of and unloading bays, built as three problems of our clients in order this type in that country, is going ahead. It is adjoining warehouses. From this to find them solutions that best located only 30 kilometres from the capital warehouse, Decathlon supplies suit their needs. We have made and is close to the main road and rail hubs. its network of stores across the a decisive choice to offer our The logistics park has also started ground south of Spain, Portugal and the clients flexible solutions, which excavations in preparation for building work, Canary Islands. benefit cost optimisation. It’s as well as the marketing and sales process. FEBRUARY: MRW leases a 7,750 m2 about listening to our clients warehouse in abertis logisticspark The managing director of abertis and responding to their needs. coslada, from where Mew’s logística explains the company’s As far as this is concerned, all Advanced Logistics Division most recent track record and our parks can offer warehouses will carry out their e-commerce how it is dealing with the on flexible terms and they are services logistics activities for economic crisis though top quality, ranging from modular some of their major clients. flexibility and optimising costs. warehouses, which can be

APRIL: Microma group leases QQQ adapted to make the space smaller a warehouse in abertis What overall progress has (for clients who don’t require much logisticspark coslada allowing abertis logística made space) to key in hand projects, them to extend their portfolio, in the past year? made to measure for companies as well as to develop a new range abertis logística has been working who require a greater surface area. of complementary services to consolidate its strategy of QQQ including repackaging and promoting a new concept of a What do you think of this year’s reverse logistics. network of intermodal logistics SIL exhibition? MAY: ASM and Parc Logístic parks situated in strategic SIL is the reference point for Spain de la Zona Franca have signed an locations and connected via and the south of Europe in terms agreement to lease a space of high volume routes, both for the of exhibitions for this sector. As over 4,000 m2. The contract national and international such, it is a unique opportunity to includes the lease of a warehouse and oﬃces, where the express markets, which in recent years meet both businesses and public courier service will install their has led us to develop projects bodies. We are very happy with new facilities in Barcelona. in Spain, Portugal and Chile. this latest exhibition, because it We are continuing to move ahead was an ideal environment, on the construction work for not just for doing business, but new projects and in commercial also for swapping experiences activities. The growth we have and opinions, and discussion Link achieved has been in step the present and the future of the abertis logística with growing demand and the sector. We hope that the next www.abertislogistica.com market itself. exhibitions are as positive. Q

52 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 53 LOGISTICS Microma and Lince Envíos join NEWS abertis logisticspark coslada Both companies have signed agreements to move into the second phase of the logistics park

Recently, abertis logística signed clients, offering a range of services such as rental agreements with the Microma supply management, warehousing, stock group and Lince Envíos for two warehouses management, distribution and monitor- on abertis logisticspark coslada, of 4,274 ing, and management of merchandise. and 1,300 m2 respectively. Both warehouses These new contracts consolidate the are located in the second phase of abertis marketing process carried out by abertis logisticspark coslada, which has been in logisticspark coslada, after signing an operation since 2009. agreement last February with MRW, to lease Microma is a company that offers a another 7,750 m2. Q variety of IT services, from providing guar- antees as the Ofﬁcial Technical Service for several manufacturers, to covering multi- Links brand computer suites for insurers and large abertis logística distributors. Among their main clients are, www.abertislogistica.com Toshiba, Hewlett Packard, PC City, El Corte Inglés, Multiasistencia and AON. Microma Lince Envíos is a logistics operator, spe- www.microma.es cialising in promotional logistics, and it Lince Envíos manages part of the logistics chain for its www.lincelogistica.es

ASM has chosen Parc Logístic in Barcelona’s Zona Franca as the location for their new facilities.

LOGISTICS for urgent transport. The new installations 2 will allow ASM to guarantee their custom- ASM leases over 4,000 m ers a faster and more efficient delivery service. In addition, they will have special areas in Barcelona’s Zona Franca for warehousing and logistics specifically for e-commerce. Views of some of the warehouses The express courier company will move to an ASM is a leading company within the at abertis automated platform system in order to guarantee courier sector, positioning itself as an expert logisticspark in multisector transport management. The coslada. a speedier and more efficient delivery for its clients company is in the process of expanding within Spain and has over 8,000 client. Q In May, the Parc Logístic in Barce- warehouse, and a ground floor suite of lona’s Zona Franca (PLZF) reached offices of 288 m2. an agreement with Agencia de Servicios y Mensajería (ASM) for the rental of a Latest technological advances and Links warehouse and offices, with a total surface security for express transportation area of 4,010 m2 in the logistics park, where ASM will be using an automated platform Parc Logístic de la Zona Franca the urgent courier company will be locat- at this location, which has been in operation www.parclogistic.es ing its new facilities in the city. The area since last May, and it will have the latest ASM leased by the courier includes a 3,722 m2 technological advances and security features www.asmred.com

54 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 55 56 Q LINK tis NEWS aber Q AUGUST 2010 tinue growing. company hasoptedtopursue inorder tocon- in hisnew role andtheprojects whichthe ing director explains thechallenges facing him abertis director of sents thefuture for venture thatrepre- Italy, becauseitisa continue tolookat period. residual investment and hasarelatively short of thecompany’s income, part sents avery important ties, currently which stillrepre- with theBarcelona cityauthori- work onrenewing concessions improving contracts. efﬁciency, maximisingincome and them. Bythat, Imeanimproving operations inorder tooptimise Firstly, Iwould emphasismanaging pany should focus on? What do you believe the com- QQQ new role. tory, soitisaprivilege totake onthis out, thepeoplewho belongtoitanditshis- company intermsoftheactivitiesitcarries and theresponsibility. Obviously, Iamreally lookingforward toit, of in your career asmanaging director How are you facing upto thisnew stage QQQ The new managing director growing inSpain» position, we stillhave to continue «Besides ourinternational Jordi Díez its positionandtoreachnew markets faith inthecompany’s potentialtoconsolidate TEX INTERVIEW saba? T AND PHOTOS Finally, we will to It isalsovery important in 1964)was appointedmanaging Last May, Jordi Díez, inBarcelona (born group’s carparkbusiness. The manag- saba saba , thedivisionthatruns the saba isanexcellent of sabahas

when itmoved market. intothePortuguese saba to diversify risk. Experience hastaughtusthis. We needtocapitaliseoninternationalisation company? the to play inyour management focus for What role isinternationalisation going QQQ is essentialfor need towork tostrengthen thisproject, which be implementedinthenext few years. We the project have beenagreed, andthesewill money. Otherquitesizeableinvestments for speed, intowhichwe have invested alotof saba AND SAFETY OVER SIZE” QUALITY, PROFITABILITY POLICY THAT PRIORITISES A VERY SELECTIVE TO FOLLOWWE WANT CONSOLIDATION” FOR SABA’S OWN IS ESSENTIAL THIS PROJECT, WHICH TO STRENGTHEN WE NEED TO WORK . We have aproject there thatisgathering began internationalexpansion in1996, In any case, we thinkthatbesidesour international focus, we should opment project. saba sible for any tackling devel- also continue pursuing requirements are indispen- legislation system. These stability andasecure political and economic political andeconomic ’s own consolidation. markets thathave might arise inother opportunities thatopportunities toanyalert interesting We alsoneedtobe like Brazil andMexico. the emerging markets growth objectives and growth objectives and Without adoubt, me consolidating our consolidating our position inSpain. saba at the mo- QQQ potential for most the hold Which markets nt? (1988-1994). and Arthur Andersen CaixaHolding (1994-1997) of responsibility in several positions Prior to that, he held (1 saba’s finance director Previously he was since 2003. m been of Barcelona, and has Autonomous University Sciences from the Economics and Business Jordi Díez has aBA in Profile 997-2003). anaging director efficiency, income and contracts. management to improve optimising operational Jordi Díez isbanking on saba’s deputy come upfor renewal. negotiate theseconcessions when they puts usinabetterpositiontosuccessfully on mutual trust andcredibility asmanagers, mobility. to seekthebestsolutionsfor urbantraffic together withthepublicauthorities inorder to beadapted. saba means thebasicconcessioncontract needs improvements toinfrastructures, which etc., of thetowns andcities, legal changes, They cover environmental issues, theneeds sion requirements are constantly changing. It isessential, they are ourpartners. Conces- public authorities? has to play inits relationship with the How important isthe role the company QQQ A relaxed andfluidrelationship, based A UGUST 2010 Q hasalways worked Q tis LINK aber Q 57 CAR PARKS saba Italia opens a car park NEWS in the centre of Pisa During the construction work, important archaeological remains were discovered and they have been preserved and are visible within the parking lot

saba Italia, a saba subsidiary (100%), ing innovation, the application of new tech- opened a new car park on the 28th of nologies, and car park design as an essential May this year, close to the historic city cen- element for traffic mobility. tre of Pisa. This parking centre has a total of With this inauguration, saba maintains 283 spaces covering three floors and will be its leading position in the sector in Italy, open 24 hours a day, every day of the year. where it manages a network of 54 car parks Located on Plaza Vittorio Emmanuele II, it with a total capacity of 28,000 parking is the first underground infrastructure built spaces, located in the country’s main cities: close to the city’s old quarter. Roma, Milan, Verona, Venice-Mestre, Bolo- During the construction work on the gna, Genoa, Perugia, Trieste and Sassari, car park, major archaeological remains were among others. Q discovered, among the most interesting of which were the traces of the San Gilio Gate and Bridge to the city dating from the 12th century. These have been preserved and will be visible from inside the parking lot. saba Italia has incorporated various systems as part of this car park facility, in The car park in order to guarantee security and control Pisa is the first The car park has access. This facility fulfils saba’s objective underground separate entry infrastructure built and exit ramps. of offering a quality service to their clients, close to the Italian based on the company’s policy of prioritis- city’s old quarter.

CAR PARKS saba opens its first car park in Palma de Mallorca The car park is situated in Porta Sant Antoni Square, in the heart of Palma’s old quarter, and it has a capacity for 284 cars Features of the facilities The car park has an saba has opened its first car park on as an essential element of traffic mobility. underground floor, the Balearic Islands. The company has The car park opened in 2006, as a result separate entry and exit recently acquired a car park in Palma de Mal- of PERI (Special Internal Reform Plan) coming ramps, as well as four lorca from S’Estel Nou Palma, SL. It is located into force in the Sa Gerreria neighbourhood. pedestrian access points in Porta Sant Antoni Square, and has a capac- This is right in the heart of Palma, and the with automatic cash ity for 284 cars. This is the first saba car park plan involved the building of over 300 homes payment machines. on the Balearic Islands. and 5,000 m2 of shops, restaurants and It is located in the Sa The car park has an underground floor, offices. Gerreria neighbourhood, separate entry and exit ramps, as well as four Porta Sant Antoni Square is in the old where, in 2006, a Special pedestrian access points with automatic cash quarter of the city, where two major avenues, Interior Reform Plan was payment machines. These facilities fulfil Carrer de Inca and Carrer de Manacor, come implemented, involving saba’s objective of offering a quality service together. It is also a few metres away from the building of over to their clients, based on the company’s the new law courts, the Plaça Major and Pal- 300 homes and 5,000 m2 policy of prioritising innovation, the applica- ma’s town hall, as well as Calle Sindicat, the of shops, restaurants tion of new technologies, and car park design city’s pedestrian and commercial zone. Q and offices.

58 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 59 60 n lin

k news abertis abertis n t 2010t au g u s Cercle d’Economia atSitges the economic situation, the 16 with the participation of politicians, economistsA positive and debatesenior business people 26 minister for Industry, Tourism throughand Trade,this situation”. indi- Miguel Sebastián,the feeling the of uncertainty forness thoseof the sacrificesof us to beliving made, but also in ing speech, “The risk liescle notd’Economia, just in theSalvador serious- and Alemany,CEO of in his open- posed an almost surgical adjustment plan. tion, and for which the Government anhas economypro- that seems to have attendeeslost its direc-did not concealof the theirconference. concernsOver three days, theabout 600 kick-start the economy. Theseals wereon pensionsthe andtopics employment reforms,etary to and financial proposals,positive tone, as with well the aspresentation propos- wasof held in budg-Sitges (Barcelona). It took on a of the Cercle d’Economia (Economics Circle) T ECONOMIC ANALYSIS ECONOMIC e x t Albert Bassols | As they were reminded by the president of harsh realism brought into beingAt theby end of May, in an atmosphere th abertis Conference ofthe and president of the Cer- ph otos Lluís Cuéllar on the topic of ‘Getting the economy back on track’, th Conference tions to the crisis. Their concerns were also of the Partido Popular, setpolitical outparty, alternative and Mariano Rajoy, solu- president and services. Artur Mas, president of goods the of its exportable the competitivity CiU Spain reduce its internalThe spending,Harvard professor,and increase Dani permanentRodrik, suggestedcontracts and professionalrigid”, and he suggested reforms based on training. “salaries and employment conditions areinvestment intoo construction”. In his opinion, be corrected, most of them stem from over-Boyer, indicated that, “structuralIn his speech,problems formercan TreasuryExportable minister,services Miguel trial Policy with a deadline of 2020. sion”. He also announced resourcesthe Integrated forprovide to exportersorder “in Indus- through to pushed be finance their expan- restructuring of the financial system had to cated that the employment reforms and the senior politicians. experts and by renowned was attended The conference ensure that these entities survive the worst tions about provision for debt,unpaid “to sounded in 2002. Roldán justified been were already risks estate real theabout regula- reminded those attending that the warnings the Banco de España, José María Roldán,director general of Banking Regulations at who of Banc Sabadell, Josep Oliu, the included growth, not employment reforms.drive would that employment be would workers’ union, the UGT, emphasised that it of another Méndez, general the secretary tained based on its current delivery”.reforms, Cándido“because the system can’t bestance main-of being clearly in favour of pension Foro Negocia business forum, also took the ers’ union, the CCOO, and president of the Fidalgo, former general secretarypermanence in their workforce.to theJosé María work- would have to foster and encourage more have to work for more years and companies that people had to understandunemployment is underthat control”. they He added would and members gaining is scheme Security beginning to take on a certain Corbacho,tone, stated thethat, Social“The real economy is debates. The Employment Minister,was Celestinoprominent during the conference’s Pensionsopen was another of the questions that Reform of the pensions system Catalonia, José Montilla. echoed by the president of the Generalitat of The roundtable, chaired by the president and Europe”. both inSpain showing growth there isinformation to be optimistic, “There are reasons Almunia Joaquín on EUpolicies”. also depends “Recovery Alemany Salvador E C A President F COMM O U E O O R R

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M M etary Fund”. thanks to the ECB and the Internationalhe added, Mon-“the situation is now complicatedunder controlby the situation in Greece, but, sioner admitted that the upturn had been in the United States and Asia”. The growth Commis-both in Spain and Europe, and also of indications are there optimistic, be to ery also depends on EU policies”. ence to the EU’s economicfiscal system.policy, Salvador since, Alemany made“recov- refer-cation and pensions, as well as reviewingcredit the system, the employment market, spending, and reforming edu-the financial and Cercle’s proposal includes regulating public for Competition. Commissioner pean The Joaquín Almunia, deputy-chairman Alemany,and Euro- and an upbeat closing speechpresident from of the Cercle d’Economia, TheSalvador closing event included a speech by the message to close Optimistic and Eurocentric countries”. from external sources, thanks to emerging ity of sectors and that, “recoverythat thewould crisiscome had bottomed (Instituteout in forthe Family-runmajor- Businesses), Pedro Simón Barceló, of the president IEF stressed sector”. financial the of reform then and lenges, “unemployment, the most Caixa”important, bank, Juan María Nin, of CEO and “La president The scenarios”. laid out the chal- For Joaquín Almunia, “there are reasons n au g u st 2010st n lin k abertis abertis n 61 ABERTIS FOUNDATION leaflets, each one included a Madrid Card Cultura, giving them free entry to over 40 Acknowledging responsible museums in Madrid and other cultural and NEWS tourist attractions. In addition, the lucky ones were entered into a draw for an English lan- young drivers guage course in Ireland. The safety initiative ‘You’ve got one life left, don’t lose it on the road’ brings together responsible driving habits, culture and education Talking their language Given that the You’ve got one life left initiative targeted the under 30s, it used the same TEXT Albert Rosell | PHOTOS Servimedia language they use on the internet and other types of new technology to communicate You’ve got one life left, don’t lose it fic (DGT), Madrid Town Council, the Red Cross, with each other. The foundation set up a on the road. This is the phrase that the paraplegic hospital of Toledo, Microsoft microsite www.tequedaunavida.com, a web- abertis foundation is using to make drivers and abertis autopistas, abertis telecom, site where they can learn more about the under 30 in the Madrid area, aware of the iberpistas, castellana and saba. main causes of traffic accidents among young risks associated with driving. This initiative Five volunteers from the Spanish Red people through using a combination of teach- consists of rewarding those young people Cross accompanied the Guardia Civil and ing and games. It also paid for banners on who tested negative on breathalyzer tests Madrid’s Municipal Police at 20 breathalyser various types of digital media to attract more with a Madrid Card Cultura. This action, car- check points close to busy nightlife areas visitors to the campaign website. ried out during weekend nights in July, was throughout the city of Madrid and the greater The microsite includes the interactive part of the Road Safety Programme, and the metropolitan area. The volunteers handed game, 9 lives in danger, to help make drivers A volunteer hands over a card foundation has the support of the Ministry out leaflets on responsible and safe driving aware of the real dangers of bad practice Red Cross to a responsible of the Interior, the Government Delegation to drivers under 30 who tested negative on volunteers at behind the wheel: drinking alcohol, using a young driver. for Madrid, the General Directorate for Traf- the breathalyser. They handed out some 500 a check point. mobile or programming a satnav whilst driv-

ing, none of the passengers fastening their Amparo Valcarce, Government delegate for seatbelts, not respecting safety distances, Madrid; Pedro Luis Calvo Poch, Safety and not wearing a helmet, exhibitionists or com- Traffic Mobility councillor for Madrid town petitive drivers, driving when tired, speed- council; Cristóbal Cremades, regional head ing, not using indicators or not having the of Traffic for the Community of Madrid; Antoni rear-view mirror and wing mirrors adjusted Riu, deputy general director for Road Safety properly, etc. Education, Awareness and Training for the It is important to bear in mind that young DGT; José Antonio López de la Manzara, people, as a group, are the most vulnerable, medical director for the national paraplegic according to data from the DGT traffic depart- hospital in Toledo; Jesús María Mora, president ment. In 2009, 22% of road traffic accident of the Red Cross in Madrid, and Sergi Lough- deaths in Spain were young people between ney, director of Institutional Relations for the ages of 24 and 35. In the greater Madrid abertis and the abertis foundation. All the area alone, 43 young people aged between partners emphasised the innovative nature 15 and 34 died in an accident last year. of the initiative, and the link between driving and enjoying yourself responsibly. Authorities and civic bodies The project You’ve one life left is a The Ministry of the Interior supports the pioneering initiative in Europe and the only campaign by working in conjunction with precedent is the same campaign run by the the General Directorate for Traffic and the abertis foundation last year in Catalonia. Guardia Civil’s traffic group. The Madrid town The initiative was also well received because council is also offering support by making it brought together driving, culture and edu- the services of the Municipal Police available cation. The foundation has always been a and offering advertising panels and hoardings. champion of road safety, being closely linked The Red Cross took part through its volun- to educating people in driver values rather teers. The paraplegic hospital in Toledo pro- than road skills. Q vided made available the point of view of those who had suffered irreversible trauma Links as a result of a road traffic accident. When the initiative was presented at ‘Te queda una vida’ the offices of the Government Delegation in (You’ve got one life left) campaign Madrid, the support provided by these insti- www.tequedaunavida.com tutions was emphasised and recognised. abertis foundation Those taking part in the presentation included www.fundacionabertis.org

62 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 63 abertis foundation The new Road Traffic Law news gets the green light The amended law highlights the educational as well as punitive nature of fines and reduces the time taken for penalties to be processed, in order to prevent any feelings of impunity

The amended Traffic and Road Safety The director of the Catalan Traffic Law came fully into force on the 25th Service, Josep Pérez Moya, said the new law May. For this reason, abertis foundation is, “modern, flexible and responds to the organised two one-day conferences on the needs of our society. It prevents citizens Nueva Ley de Seguridad Vial (New Road feeling that against arbitrary government, Safety Law) which took place in Palau whilst also strengthening road safety Robert (Barcelona) and Casa América policies”. (Madrid), on 16th April and 26th May, respectively. These forums were an opportunity Transparency and simplification for representatives from parliamentary Those taking part as representatives from groups within the ad-hoc parliamentary the parliamentary groups included Emilio committee on road safety and the preven- Olabarría, president of the Road Safety tion of traffic accidents to put forward their Committee and spokesperson for the point of view. Basque group (EAJ-PNV); Juan Carlos Cor- Jordi Jané, the 4th vice president of the cuera and Eloísa Álvarez, on behalf of the Congress and spokesman for the CiU group Socialist group; Federico Souvirón, spokes- at the committee says that the new regula- person for the Popular Party’s group; and tion, “stems from reasonable agreement and Jordi Jané, spokesperson for the Catalan workable differences”. group (CiU). They emphasised the transparency and Reinvesting in prevention simplification of the fining process, with the and road safety introduction of e-mail to send notifications, The director general for Traffic, Pere Navarro, as well as the emphasis on educating drivers denied that the new law was a money-mak- in addition to punishing them. ing exercise, and to prove this, he assured the José María Morera and José Antonio Top, right: audience that lists of the monthly proceeds López Casas, managing director and deputy Loughney, Jané, would be published soon, so that they could managing director, respectively, of abertis Álvarez and be compared with previous years. autopistas, took part on behalf of abertis; Souvirón at the Barcelona Pere Navarro added that, “what the as did the director and president of the conference. Government saves, is shared among the peo- abertis foundation, Sergi Loughney and ple”, since a large part of the money collected Miquel Roca, who said that, “road safety Bottom, left: Navarro, Olabarría is reinvested in prevention, in road safety and is one aspect of a more general objective, and Pérez Moya, victims associations. which is a value – public-spiritedness”. n in Madrid..

abertis foundation abertis and the abertis foundation signed the European Road Safety Charter

abertis has renewed its commit- is a platform made up of over 1,450 signa- ment, first agreed in 2006, to the tories (businesses, public authorities, asso- European Road Safety Charter, a commit- ciations, research centres, etc.) who carry ment that now includes the toll road conces- out specific actions and share good practices, sionaire sanef. in order to achieve safer traffic circulation It was the first time the abertis in their environments and reduce the foundation had signed this document, it number of fatalities. n

64 n link abertis n August 2010 August 2010 n link abertis n 65 66 Q LINK tis NEWS aber Q AUGUST 2010 of theneedtoconserve itsrichbiodiversity foundation Science andInnovation andthe which was sponsored by theMinistryof mercial tourism on Antarctic ecosystems, study intotheenvironmental impactofcom- months, anditprovided information onthe out onthe Antarctic continentinrecent cisco Godiafor World Environment Day. at theheadofficesofFundación Fran- Antarctic ference on Operators. This was madeclearatthecon- of Antarctic TourInternational Association continent’s ecosystems, according tothe visitors every year, isarisk tothefrozen ecosystems andanoppor Tourism isbothathreat tothefrozen continent’s risks andopportunities Antarctic tourism: TEXT BRI FOUNDATIONABERTIS The conference analysed research carried Albert Rossell | in Antarctic, whichhasalmost50,000 The growth incommercial tourism , which , andwas carried outduring the The onthe effectsoftourism abertis foundationabertis PHOTOS Josep Loaso /Juan Kratzmaier abertis held tunity tomake peopleaware more relevant impactsincludechanges to for theremaining 44%. Other, increasingly emissions, whilst airtransport isresponsible Maritime transport generates 56%ofthese approximately 4.4tonnesofcarbondioxide. CO of travel toandfrom thearea intermsof caused by tourism istheenvironmental cost According to thestudy, themainimpact Environmental impact at the Autonomous University ofBarcelona. for foundation theabertis Boada, memberofthescientificcommittee Autonomous University ofMadrid; andMartí research are Javier Benayas, professor atthe 2007 andMarch 2009. Coordinating this III InternationalPolar Year, between March 2 emissions. Every visitorgenerates , andprofessor round table. the conference and Kratzmaier, at Benayas, Barbosa Molina, Boada, From left to right: the banningofuseheavy fuels by ity, fishingboats. particularly of thebeaches, indicative ofshippingactiv- also found rubbish washed ashore onsome of bryophytes (atype ofmoss). They have enough toaffect themostwaterlogged fields the conclusionthatjust20footsteps are these ecosystems)andhave reached on mosses(thedominantvegetation in the effects ofgroups ofpeopletreading activity onthe Antarctic. They assessed in order tomonitortheimpactofhuman Last winter, researchers collecteddata Latest news the MSExplorer cruise shipin2007. example thedisasterthathappenedwith added therisk ofmaritime accidents, for species andglobalwarming. To thiscanbe in thebehaviour offlora andfauna, invasive the ground surface inthearea, changes A significantchange in2010has been ing speech oftheconference.ing speech Antonio Martínez-Cattaneo, gave the open- ambassador tothe Antarctic Treaty, Juan Molina was themoderator. The Spanish Boada.and Martí The journalist Tomás the Antarctic; aswell asJavier Benayas maier, leaderoftourist expeditions to Science MuseuminMadrid; andJuan Kratz- Andrés Barbosa, researcher for theNatural onthe effects oftourism Antarctic tourism trade. arctic, whichwillreduce future offers the others willstopnavigating around the Ant- tochange tolightfuel,will choose butmany the research team. Someoftheoperators will affect athird ofoperators, according to the tourism industryasofnext season, and new regulation willhave ahuge impacton This fuelbecomesdifficulttodisperse. The of therisk ofaccidentsandfuelspillages. cruise shipsinsomepolarwaters, because Taking intheround tableon part Q , were The The www.fundacioabertis.org abertis foundation Link tourist expedition leader. Kratzmaier, Antarctic of tourism”. Juan environmental impact to do isminimise the or not. What we have there should betourism discussing whether “We should not be Museum inMadrid. the Natural Science Barbosa, researcher at visited places”. Andrés of tourism inthe most and better organisation “We need regulation University of Madrid. at the Autonomous Javier Benayas, professor to bemore ambitious”. is insufficient. We need Antarctica Tour Operators of the Organisation of up to 4.4tonnes of CO Antarctic tourists can be “The carbon footprint for The quotes “Th of the Scientific Committee Martí Boada, member of generates inayear”. living inBarcelona half of what someone A UGUST 2010 abertis foundation . e self-regulation Q LINK tis aber 2 Q , 67 TELECOMMUNICATIONS BUSINESS MANAGEMENT abertis telecom Salvador Alemany, appointed honorary member Executive Member of the Fòrum of Galileo Services Carlemany

The Fòrum Carlemany (an excellence news in brief In its first board meeting last month, in business forum) held its 5th annual Galileo Services appointed as Executive conference, which was attended by 120 peo- Member abertis telecom, the telecommu- AIRpORTS ple. This year Salvador Alemany, president nications infrastructure operating division of and CEO of abertis, was made an honorary the abertis group and reference partner in Airport management member and he gave a speech entitled Para the satellite systems companies Eutelsat and efficiency que la economía vuelva a funcionar: deci- (32%) and Hispasat (33.4%). Galileo Service siones, actitudes y compromiso (Getting the brings together over 28 companies in the The managing director of abertis economy back on track: decisions, attitudes European private sector, including telecom- airports, Carlos del Río, together with and commitments). He wanted to convey Salvador Alemany, munications operators, aerospace sector Juan Ignacio Lema, president of Aena (Spanish some of his thoughts and reflections, mainly president and CEO companies, maritime and overland transport, airports), took part in the first Infrastructure focusing on attitudes to the current situation, of abertis, and th Marc Sansalvadó, and the security and defence sector. Cycle organised by Gestiona Fórum, on the 7 its huge complexity and the dispirited atti- president of the The Galileo satellite positioning system of July. Under the title Gestión aeroportuaria: tude of businesses. n Fòrum Carlemany. was developed under the aegis of the European la eficacia en la prestación del servicio (Airport Union, as an alternative to the existing GPS management: effective service provision), the and GLONASS systems, developed by the meeting was an opportunity to analyse United States and Russia, respectively. It is the immediate future and new chal- managed as a civil entity and it is expected to lenges in the airport sector. n be operational by 2014. abertis telecom could play a pertinent role in exploiting this technology because of its presence in the telecoms sector, as well as other sectors where Galileo can offer its services. As an Executive Member, it will form part of the working groups set up with this purpose in mind, and will coordinate the required tasks for development. n

HEALTHCARE Castellet welcomes world experts SOLIDARITY from WHO Blood donation 2.0 in Castellet The castle of Castellet, headquarters of the abertis foundation, welcomed The abertis foundation opened the the second session of a symposium, organis- doors of Castellet castle to the Gen- ed by the Institut Guttmann, which included eralitat of Catalonia’s health department, over 100 international experts from the where it held the opening event of World World Health Organisation (WHO). The aim Blood Donor Day, which is based in the city was to discuss the main behavioural problems of Barcelona in 2010, on the 14th of June. With that cause traumatic head and brain injury the slogan New blood for the world, they (TBI), often the result of traffic accidents, and want to capture young people’s attention. to lay the foundations for their treatment. At Castellet, the website www.barcelonate- The one-day symposium took place as part sang.org was presented. This website takes of the conference of experts from WHO, advantage of the opportunities presented ICF Core Sets for TBI, which was held between by social networking sites like Facebook 26th and 28th March, in Barcelona. n and Twitter, to encourage young people to give blood. n

68 n LINk abertis n August 2010 ECONOMY ENVIRONMENT Esade Alumni The ‘Espai Terra’ programme INVESTOR’S conferences presents its awards STOCK MARKET RESULTS 74 Last May, the 4th session of the Esade The director of the TV3 television envi- Shares in abertis closed Alumni conference cycle was held. It ronmental programme Espai Terra, the last financial year analysed the new axes for the economy. Josep Tomàs Molina, was the host of the Countryside Martínez-Vila, director of Business and Opera- and Environment award gala held at the Cas- with a 31% rise NEWS IN BRIEF IN NEWS tions at abertis was in attendance. The confer- tellet castle. This was the first time these prizes The director of ence was dedicated to industrialisation. Faced were awarded and the winners were Guillem Televisió de Catalunya, Mònica with the challenge of finding a new growth model Maneja, from the La Salle school in Manlleu Terribas; Ernest for the economy, where productivity is a key (Barcelona), for his sixth-form coursework on Maragall, the factor and industry has a vital role, it commenced the springs of Manlleu; and Laura Puyo, Laura Generalitat’s councillor for with reflections on the next steps to be taken by Árias, Tecla Legasa and Helena Cristóbal, from Education; the both industry and the Government. the Santa Teresa de Jesús centre at Tarragona, president of abertis, Also taking part in the conference were for their fifth-form work on containers and Salvador Alemany; the presenter Tomàs several representatives from trade union and special residues. The prizes included an English Molina, and the employers groups: Simón Rosado, secretary of language course in Ireland. Q winners. Acción Sindical, Política Sectorial y Salud Labo- ral part of the CCOO trade union in Catalonia, Antoni Soy (Business, graduated 04) Industry secretary for the Generalitat of Catalonia, and Antoni Marsal (BA, MBA, graduated 76), president of the Unión Patronal Metalúrgica. All the speakers analysed the situation in Spain against the backdrop of the current recession, and demanded that a cross-party agreement was quickly reached on matters such as education, regulation of the employment market and investing in productive infrastructures. Q

ENVIRONMENT

London Luton reduces its CO2 emissions

London’s Luton Airport, managed by Participation in this forum is open to The British airport tbi, has joined forces with Resource all small and medium sized businesses is working to lessen its environmental Efficiency East to reduce carbon dioxide working in the airport related sector, and impact. emissions in the airport’s environs. They are interested in assessing the current have also set up a forum on reducing use of resources and identify- emissions, consisting of a programme of ing opportunities for im- regular meetings and practical workshops. provement. Q

INTERNET Business award 2009 Results

Last June, abertis achieved a Distinc- tion at the 9th Awards for the best Span- ish company in terms of displaying its ﬁnancial abertis information on the internet. The competition, which highlights transparency and reliability in corporate information, is organised by AECA (the Spanish association for accountancy consolidates their and business administration). The managing The managing director of Finance for abertis, José Aljaro, director of Finance, José Aljaro, received receiving the award in the presence of the president the award in a ceremony held in Madrid. Q of the AECA, Leandro Cañibano (in the centre). business model

70 Q LINK abertis Q AUGUST 2010 MARZO 2010 Q LINK abertis Q 73 FINANCIAL The Meeting approved the annual accounts and the INCREASE Approval was given to LOYALTY The meeting approved YEAR 2009 management reports for the 2009 ﬁnancial year. IN CAPITAL the traditional bonus share SCHEME plans to continue with Shareholders approved the distribution of an issue which consisted of the loyalty scheme and INVESTOR’S additional gross dividend of €0.30, corresponding one new share for 20 old employees’ access to shares LINK to the results of the 2009 ﬁnancial year, which ones, with a nominal value in the Group, with a plan had already been paid out on the 5th of May. of €3 per share. for the transfer of shares.

1 2 abertis infrastructures executive director, proposed by Criteria Caix- aCorp; Julio Sacristán Hidalgo, as proprietary director, proposed by ACS. Similarly, the Meet- ing approved the Board of Directors’ proposal to re-elect, as directors of the company for General Shareholders’ a further term of five years, the following members, Pablo Vallbona Vadell, as proprietary director proposed by ACS; Miguel Angel Gutiérrez Méndez, as an independent director; Meeting 2010 and Comunidades Gestionadas SA, as proprietary director proposed by ACS.

th On 27 April, abertis ’ shareholders attended the Annual General Meeting Annual programme at the Palacio de Congresos de Cataluña, in Barcelona of promissory notes In addition, they agreed and approved the 3 4 TEXT AND PHOTOS abertis granting of new authorisation to the Board of Directors for derivative acquisition, either Finally, the abertis Shareholders’ Meet- directly or indirectly, the company’s own ing approved, at the request of the Board’s With 5,342 shareholders represented, on the 5th of May. They also approved the shares, as well as preferential subscription Committee for Appointments and Salaries, — 1 — equivalent to 67.81% of the company’s THE MEETING APPROVED traditional bonus share issue, consisting of rights on these, up to a maximum of 10% of to continue with the loyalty scheme and Salvador Alemany, capital, the Meeting approved the annual THE APPOINTMENT OF one new share for every 20 old shares, at a share capital in abertis. The Meeting also employee access to the group’s share scheme, presenting his speech to accounts for the 2009 financial year, and the nominal value of `3 per share, equivalent to approved delegating power to the Board of with a share transfer plan for employees the Shareholders’ Meeting. FRANCISCO REYNÉS, AS — 2 — management reports for the same financial a total amount of `105.5 million. Directors to issue promissory notes, bonds, of abertis and its subsidiaries. Almost 400 of The Board of Directors. year. The shareholders also approved the dis- EXECUTIVE DIRECTOR, The abertis Shareholders’ Meeting and other shares with a maximum total value the company’s middle managers will benefit — 3 — tribution of an additional dividend correspond- AND JULIO SACRISTÁN, AS approved the appointments made by the of `6,000 million, of which they can set aside from this scheme. There is also a share option Francisco Reynés, th during his speech. ing to the results from the 2009 financial year PROPRIETARY DIRECTOR Board of Directors on the 26 of May 2009. a maximum of `1,000 million for establishing plan for the company’s senior manager team, — 4 — of`0.30, gross, per share, which was paid out These were Francisco Reynés Massanet as the annual promissory notes for the company. made up of almost 200 executives. Q Credentials.

72 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 73 sHAREHOldER The Shareholders’ Office has PRÓXiMO The goal of the PRÓXIMO invEstOR’s Investors’ Day sets out OFFiCE scheduled a programme of three PROGRAMME Programme is for its dAy the company’s strategy, INvestor’s shareholders’ forums to be held in various divisions to offer its financial structure, Valladolid, Madrid and Barcelona, first-hand information and offers information LINK in the second half of 2010. about the company. about applying IFRIC 12.

transparency and accuracy invEstOR’s dAy This programme is designed to fulfil one of the abertis Shareholders’ Office commitments which is based on transparency and abertis holds its the accuracy of information to be passed on to the investment community. The presenta- second Investors’ Day tions were made by the abertis managing director of Finance, José Aljaro, the company’s With 88 people in attendance, Documents director of Investor Relations, Steven Fern- abertis held its second Investors’ Day A recording of the ández, and the manager of the group’s Share- in Barcelona on the 30th of April. This event, meeting is available holder Office, Anna Morera. targeting analysts and institutional investors, on the abertis website consisted of presentations on the company’s (www.abertis.com), Events planned for strategy, its financial structure, the applica- as are all the documents the second half of 2010 tion of IFRIC 12 Service concession arrange- provided in support of For the second half of 2010, the Office has ments, and an analysis of the telecommu- the presentations, which planned a programme of three shareholders’ nications infrastructure business. were announced prior forums in Valladolid, Madrid and Barcelona. to the event through As soon as more details about these are avail- Growth prospects a communication able, they will be posted on the abertis The event started with a speech by the com- to the CnMv. corporate website, in the Shareholders’ cor- pany’s president and CEO, Salvador Alemany. ner/Shareholder Day section. Other contributors included the managing For information about these events, director of abertis telecom, Tobías Martínez, held in various Spanish cities, the company’s and the director of abertis telecom’s Satel- webpage has an alert system, which, apart lite Division, Carlos Espinós, who, during the from sending out invitations to these events, first part of the day, explained the principal José Aljaro, sends subscribers all the company’s com- keys to the Group’s telecoms business and general manager for munications which they might find of inter- its prospects for growth. Finance for abertis. est. Alternatively, the shareholder can also Jordi Lagares, director of Fiscal Planning find out more, or confirm their attendance, and Corporate Governance for abertis, then by telephone, calling the shareholder cus- gave a presentation on the impact on the sHAREHOldER OFFiCE tomer care line on 902 30 10 15. group’s results of applying the IFRIC 12 standards. This was followed by presenta- investors’ day tions from José Aljaro, the managing PRÓXIMO Programme 2010 We would like to invite you to come and director of Finance at abertis, José Luis see our new vision for toll roads. Come Viejo, director of Corporate Finance, David Investors’ Days were held in Zaragoza, Valencia and Palma de Mallorca as part and visit one of the two Operations Centres Díaz, director of Corporate Development belonging to the abertis autopistas for abertis, Josep Martínez-Vila, director of of the Próximo Programme. They were mainly targeted at shareholders, providing network, which are close to Barcelona Business and Operations, and, lastly, Fran- information on the abertis group’s current position and expectations for the future and Madrid. cisco Reynés, corporate managing director During the visit, you will learn about of abertis. n how we manage over 700 kilometres of Once again, the abertis Shareholder interested in learning about the group’s to book a place toll road from a single control point, and we Office, part of the Investor Relations current position, its recent course of action will also explain the attractive dividends department, has brought the company and and its expectations for the future. if you would like to obtained from abertis shares and our sav- sign up to the abertis shareholders closer together through the The purpose these events is to offer ings/investment plan. investors’ day, call Próximo Programme (Próximo is the Spanish firsthand information about the company This is an initiative through which the abertis shareholders’ word for close). This time around, abertis from its various departments (financial, eco- Office on 902 30 10 15. your abertis offers its shareholders the opportunity has visited Zaragoza, Valencia and Palma nomic, share participation, among others), interests are our interests. to visit the company’s assets, which, in this de Mallorca on the 1st, 2nd, and 3rd of June, allowing those attending to have a better case are the toll road control centres managed respectively. understand of abertis, as one of the leading by abertis in Barcelona and Madrid. As part of the PRÓXIMO Programme, international groups managing traffic After the visit, there will be a presenta- there were presentations mainly targeted mobility and telecommunications infrastruc- tion, lasting approximately an hour, to explain at shareholders, potential shareholders and tures, and with a presence in 18 countries the company’s evolution and strategy, and financial bodies in these cities who were over 3 continents. our savings/investment plan. n

74 n link abertis n August 2010 August 2010 n link abertis n 75 Contribution by sectors in the 1st half of 2010 (Mn €) REVENUE In the ﬁrst half-year, the toll Q TOLL ROADS 74% REVENUE Q SPAIN 50% CONTRIBUTION REVENUE EBITDA roads business was responsible Q TELECOMMUNICATIONS 15% Q FRANCE 35% Toll roads 1.449 990 BY SECTORS Q AIRPORTS 7% GENERATION Q OTHERS 6% BY SECTORS Telecommunications 301 120 INVESTOR’S formostoftherevenue,with Q CAR PARKS 4% Q UNITED KINGDOM 4% Airports 129 36 Q LOGISTICS 1% Q CHILE 5% LINK the growth of sanef being Car Parks 76 29 particularly signiﬁcant. Logistics 10 5

Key points The Group’s businesses would be at 2.4%. abertis’ maintain their strong other international cash generating ability: concessionary companies Cash flow before (in Chile, Argentina and investments and dividends Puerto Rico) also grew, grew by 11.2%, to at a rate of 3.5%, while in 772 million euros. Spain traffic dropped by 4.8%, which was, however, 50% of the revenue much better than the drop and 47% of the Ebitda of 9.8% in the first six was generated outside months of 2009. Spain. 74% of the revenue comes from the toll road abertis telecom’s business business, and the has maintained strong remaining 26% is shared growth in the first half- between the activities year. saba’s car parks and of telecommunications abertis airports’ business infrastructures (15%), have also increased their airports (7%), car parks operating revenues. (4%) and logistics parks (1%) which, as a whole, maintain their percentage contribution to the Group. The traffic data for the abertis toll road network as a whole has stabilised The growth in traffic on the at the same level as in Group’s toll roads, its solid cash the first quarter of the flow generation and the growth of year, at 21,704 vehicles abertis telecom have been the keys (-0.7%). to the first half-year’s results. The level of heavy vehicle traffic in the abertis toll road network as a whole has grown for the first January-June 2010 OPERATING time in the last two years REVENUES INCREASED (+0.9% in the half-year TO 1.970 BILLION and +2.2% in the quarter). EUROS (+7.7%) 95% of the Group’s debt is long-term (92% in June 2009) and 82% is at fixed Results rates. The average cost is IN THE FIRST HALF abertis’ net profit increased by 5.1% in the first half 4.5% (4.6% in June 2009). OF 2010, THE GROSS of 2010 to 335 million euros In the toll road business, OPERATING PROFIT the operating revenues (EBITDA) WENT to June were 1.449 abertis’ results for the first half of national network of toll roads, its cash gen- UP TO 1.177 BILLION billion euros (+7%). 2010, prepared under IFRS criteria, erating ability, the containing of financial EUROS (+6.6%) The traffic on sanef’s toll (*) and incorporating adjustments arising from 335 costs, control of operating expenses and the 1.970 road network in France Summary of the results presented the sector interpretation for concessionary broadening of its consolidation perimeter, to the stock market regulator - the Million euros abertis operating grew at 1.6%. Discounting businesses (IFRIC 12), confirm the upward are the keys to this first half-year result. Comisión Nacional del Mercado de of net profits revenues (+7.7%), HEAVY VEHICLE TRAFFIC the negative impact of Valores (CNMV). The full version trend of the company’s principal figures: in the first half The first six months have been distin- in millions the two-day strike in can be viewed at www.abertis.com, Revenue, Ebitda and net profits. The positive guished by the consolidation of the recovery LEVELS GREW BY 2.2% in the Investor Relations section, of 2010 (+5.1%). of euros. June – which has now or may be requested by calling the trend of traffic levels on the Group’s inter- in traffic levels on the toll roads in Chile and IN THE QUARTER been corrected – growth Shareholders Office on 902 30 10 15.

76 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 77 — 1 — also on sanef’s toll roads in France. We should million euros) related to the DTT rollout and Of the total also emphasise that, during the second the building of the Hispasat 1E satellite. revenues, 7% comes from the quarter of the year, the heavy vehicle traffic Operating investments of 11 million airport sector. on abertis’ network of toll roads has increased euros were made in airports, including — 2 & 3 — after two years of continuous decline. The improvements to Belfast International and The toll roads sector accounts for 74% diversified businesses, for their part, con- Cardiff. of the revenues. tinue to maintain their level of contribution In car parks, investments in expansion to the Group, with a slight increase in the (15 million euros) mainly went to the growth telecommunications business, due to the of saba in Spain (a new car park in Palma de deployment of DTT and the positive trends Mallorca) and Italy, while in logistics parks, in the satellite sector. investments were made in constructing parks in Chile and Portugal. Operating revenue In the first half of 2010, abertis’ operating Debt structure revenues climbed to 1.97 billion euros, 7.7% As of 30 June 2010, abertis had net debt of more than for the same period in the previous 14.722 billion euros. Of the total debt, 57% year. sanef contributed 699 million euros is secured on the company’s own projects (35% of total revenue) to this figure. 50% of (i.e. non-recourse). 95% is long-term and the abertis group’s operating revenue came 82% is at fixed rates or fixed through hedg- from outside Spain, principally from France, ing. The average cost of the debt is 4.5% the United Kingdom and Chile. (4.6% in the previous year) and the average Of the total revenue, 74% was gener- maturity is 7 years. ated by the toll road business, while 15% corresponds to telecommunications infra- Performance of the businesses: structures and 7% to airports. The car park toll roads 1 2 sector contributed 4%, and the logistics In the first half year, abertis’ toll road busi- parks 1%. ness contributed revenues of 1.449 billion In this period, the gross operating euros (74% of the Group’s total revenues) income (Ebitda) was 1.177 billion euros and 990 million euros to Ebitda (84%). The (+7%) while the net operating profit (Ebit) total traffic on the abertis toll road network was 704 million euros (+4%). The financial up to 30 June 2010 reflects a stabilisation result for the period was -268 million euros. of the Average Daily Traffic (ADT) at 21,704 In the period January-June 2010, the equity- vehicles (-0.7%). accounted results made a contribution of Significant in this period was the con- 51 million euros, basically from the holding solidation of traffic recovery in France, with in Eutelsat. an ADT recorded in sanef’s network of The abertis group showed a net profit 22,362 vehicles (+1.6%) for January-June of 335 million euros (+5.1%) the first half of 2010. Similarly, traffic levels on the toll roads 2010. In the first half of 2010, abertis gener- in Chile and Argentina also increased: To 30 ated a cash-flow (before investments and June, gco (Argentina) reached an ADT level dividend payments) of 772 million euros of 70,158 vehicles, (+5.8), while for Chilean (+11.2%). concessionaries the ADT was 64,103 vehicles abertis’ average workforce in this period (+2.6%) on the Autopista Central, 23,002 was 12,400, 59% of which was outside vehicles (+2.2%) on the Rutas del Pacífico Spain. and 5186 vehicles (+2.1%) for elqui. Spain has seen a slowing down in traffic Balance sheet and investments reduction, with the ADT of 20,689 vehicles As of 30 June, abertis had total assets of for the January-June period in 2010 (-4.8%, 24.978 billion euros and net equity of 5.145 compared to -9.8% for the same period in billion euros. The Group invested a total of 2009). 253 million euros during the period, of which On abertis’ toll roads in Spain, 36.5% of 195 million (77%) was used for organic the transactions were made using the teletoll expansion and 59 million for operating system. For acesa, teletoll usage accounted investment. for 40.6% of the total transactions, while Expansion investment in toll roads (138 on sanef’s network in France, it was 37.1%. million euros) included the investments made by acesa (widening the AP-7 and C-32 Telecommunications toll roads) and by sanef (Rheims southern infrastructures ring road and extension of the A13); while The telecommunications business increased 3 the investment in telecommunications (33 its contribution to the Group, with operating

78 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 79 — 1 — The logistics sector contributes 1% to the revenues. — 2 & 3 — saba car parks account for 4% of the Group’s revenues. — 4 — Telecommunications infrastructures sector generates 15% of the revenues.

1 revenue of 301 million euros (+19%) and an Ebitda of 120 million euros (+5%). This sector represents 15% of abertis’ revenue and 10% of the Ebitda. Factors contributing to this good performance included the Digital Terrestrial Television (DTT) rollout and the increased coverage (to 98% from 95.1% in July 2009), in addition to the new radio-communications service contracts, such as the emergency system for Navarre and the service for the General Directorate of the Merchant Marine, which offset the effect of the analogue switch-off. In the satellite sector, Eutelsat’s equity- accounted contribution was 37 million euros, while Hispasat’s contribution was 11.9 million euros. The satellite business contributed a net positive affect (including the ﬁnancial costs of the acquisitions) de 28 million euros to abertis’ results. 2 4

Airports 3 In January-June 2010, the airports business had operating revenue of 129 million euros, 7% of abertis’ total revenue, and an Ebitda of 36 million euros (+6%), 3% of the total for the Group. In this period, the airports business recorded an increase in revenues of 3% (despite tbi’s drop in business to 9.8 million passengers in the ﬁrst half-year), thanks to a 6.9% increase in revenue per passenger and the higher overall contribution from dca, principally due to the growth in trafﬁc.

Car parks In the ﬁrst half of 2010, saba increased its operating revenues by 6% to 76 million euros, basically due to a change in the scope of the consolidation perimeter. The car parks division contributed 4% of the total revenues for abertis, and 2% of the Ebitda, at 29 million

80 Q LINK abertis Q AUGUST 2010 AUGUST 2010 Q LINK abertis Q 81 euros. saba manages a total of 130,985 park- PROFIT AND LOSS ACCOUNTS FOR ing spaces at sites in Spain, Italy, Chile, Por- AT THE END OF THE THE 1ST HALF OF 2010 (IFRIC 12) tugal, France, Morocco and Andorra. FIRST HALF-YEAR, (Mn €) The number of spaces has increased by JUNE JUNE CHG. 2010 2009 11.5% compared with same period in the THE VALUE OF ABERTIS’ TOTAL ASSETS WAS Operating revenue 1.970 1.829 8% previous year. Vehicle rotation grew by 3.9% Operating costs -793 -725 9% to 28 million, and the number of pass holders 24.978 BILLION EUROS Ebitda 1.177 1.104 7% increased by 1.8%, to 34,862. Depreciation -473 -429 10% Operating Profit 704 675 4% Logistic parks THE GROUP’S NET Financial Result -268 -252 7% 2010, abertis logística recorded operating WORTH WAS Equity-accounted revenues of 10 million euros (-30%). This result 51 40 29% represents 1% of abertis’ total revenues, 5.145 BILLION EUROS Pre-Tax Profit 486 463 5% and the unit contributed an Ebitda of 5 mil- Company Tax -118 -119 Financial yr. lion euros. The revenues for this first half- profit/ loss 368 344 7% year are not comparable with those of the THE GROUP’S INVESTMENTS Minority Interests -33 -26 first half of 2009, due to changes in the WERE 253 MILLION EUROS Company consolidation of Areamed which, since the shareholders’ profit 335 318 5% end of 2009, forms part of the toll roads unit. Without these changes, the drop in revenues would be 9%. In logistic parks, there has been an increase of 6.4% in built area over this period (now 511,869 square metres). The mean occupancy level for warehouses and offices is 65.2%. Q

82 Q LINK abertis Q AUGUST 2010