link JANUARY 2015 nº11 - Second period

INTERVIEWS David Díaz, Arteris CEO P. 24 Julián Núñez, president of SEOPAN P. 16 report Abertis Telecom gets ready to go public P. 14

Strategic Plan 2015-2017 New commitments for the future EDITORIAL New roadmap, ongoing challenges Almost two years ago, long before advantages and consolidating our leadership sustained recovery in Europe was in capacity in the sectors in which the Group sight, I described on these very pages1 the companies operate. Abertis has challenge that we face when it comes to We are currently updating our roadmap demonstrated driving our projects in a world marked by looking towards the horizon we expect to see volatility, uncertainty, change and ambiguity. by 2017, but the challenges that we face are throughout A “VUCA” world according to the acronym. not new ones: maintaining this competitive this long This brought me back to a train of advantage and continuing to provide con- cycle of crisis thought that has permanently accompanied structive solutions that allow socially and and economic me throughout my professional life: the economically sustainable development of responsibility that we have to assume in order infrastructures that constitute a key factor uncertainty, to make a reality the transformation projects for the social progress as well as the attractive- which began in that can adapt our roadmap, in a practical ness and competitiveness of our countries. 2007, an obvious way and in real time, to circumstances and It is therefore essential, as Professor capacity to adapt, a context that are rapidly changing. Francisco Pérez states in his article on The We can find the specific embodiment sustainability of investment in infrastructure, anticipate and of this in the strategy that we have set in to develop formulas that allow investment transform. order to try and keep one step ahead of devel- in the formation of what we technically opments in the markets in which we operate. define as public capital to moderate its pro- By offering new solutions and alternatives cyclical nature (it increases in the high phase to the customers and public administrations of the economic cycle and decreases in the that we work with and building, as far as low phase to reduce deficit and debt). It there- possible and in all matters that depend on fore becomes necessary to make use of sys- us, a sustainable advantage that offers secu- tems for evaluating and selecting investment rity and, above all, a plan and a future for our projects based on realistic assumptions that businesses and, alongside them, for those guarantee a balance between installed capac- who work with us to make them a reality. ity ( infrastructure stock available) and level Abertis has demonstrated throughout of use; and making use of sustainable financ- this long cycle of crisis and economic uncer- ing systems –public and private collaboration tainty, which began in 2007, an obvious schemes continue to form a fundamental capacity to adapt, anticipate and transform. part of the solution− which allow the process We have made decisions that redefine the of accumulation of public capital to remain Salvador make-up of the Group, but this is nothing constant and for its effects on added demand Alemany unusual in the history of a company whose at times of economic crisis to truly counter President of abertis path since the beginning of the 21st century the cycle. In other words by lessening the has been marked by an ambition for growth negative impact. and internationalisation, and which has also In this line of thinking we can interpret been profoundly conditioned by one of the the boost that the new European Commission most difficult and complex economic cycles wishes to give the EU economy with the so- of the last 70 years. called investment and growth package, Abertis has gained focus and dimension, intended to energise public projects which, without this compromising or calling into due to their performance and return, attract question the path and viability of businesses interest from private sector investors. For a that are now finding their own space in order group like Abertis, the possibility of actively to grow as business projects with their own participating in projects designed to build a identity, with greater visibility and flexibility Europe that is better connected thanks to an efficient transport infrastructure network or Abertis es el grupo líder mundial en la gestión de autopistas de peaje e infraestructuras de for building its future –as can been seen in telecomunicaciones. Un grupo global, con presencia en 11 países y más de 17.000 empleados, the plan for our terrestrial telecommunica- the roll-out of new electronic communications orientado a la creación de valor a través de la inversión en infraestructuras que contribuyan al tions business to go public in 2015. In short, constitutes a source of opportunities –ongo- desarrollo económico y social de los territorios y países donde opera. it is a question of enhancing our competitive ing challenges− for a new type of roadmap. n (1) “Prepared for a ‘Vuca’” world, Link nº 8 July 2013 abertis.com

January 2015 n link abertis n 3 Nº11 SUMMARY 20

16 24 08 STRATEGY 34 Abertis presents its new roadmap 20 36 44 TEAM ROAD SAFETY SATELLITE TV link abertis Abertis Autopistas Chile Raising awareness Hispasat Operations Management Arteris and Abertis Chile, Extends its services Major challenges towards responsible mobility 46 06 24 38 SMART CITIES 57 50 68 CONCESSIONS Opinion interview Smart City Expo 2014 RESPONSIBILITY Francisco Pérez David Díaz Arteris Intelligent urban model Sustainability The sustainability of “The Arteris investment Extension of a Abertis now has its investment in infrastructure programme is one of the concession in Brazil own CSR Committee largest in Brazil” 48 08 39 NEW TECHNOLOGIES 58 ANNIVERSARY Public service STRATEGY 28 CULTURE SUSTAINABILITY Cadí Tunnel Barcelona extends Prepared for the future Arteris Toll roads 30 years connecting the region its wifi network New Abertis roadmap Dalí journey ends in Brazil Towards sustainable mobility link abertis is a publication of 50 Abertis Infraestructuras, SA 12 40 Av. del Parc Logístic, 12-20. TOLL ROADS TRAVEL 60 Investor’s link 08040 Barcelona. strategy 32 Tel.: 93 230 50 00. Fax: 93 230 50 02. INFRASTRUCTURE Ávila CULTURE Restructuring Public-private Edited and coordinated by: abertis The walled city Exhibition Corporate Communication Management. In the Group Senior Management Sustainability co-operation Conservation of Sanef to manage an urban Joan Miró in Chile Editorial board: Salvador Alemany, Francisco Reynés, José Aljaro, Josep Maria road transport heritage toll road in Lyon 68 Production: Coronas, Toni Brunet, Juan María Hernández 14 54 results Puértolas, Sergi Loughney and Joan Rafel. Ediciones Reunidas, SA (Grupo Zeta). ENVIRONMENT 61 Revistas Corporativas Barcelona. strategy January-September 2014 Corporate image and production: SCIENCE Consell de Cent, 425. 08009 Barcelona. New cycle 33 41 UNESCO Centre Consolidation of traffic Erik Ribé, Berta Riera and Laura Serra. Tel.: 93 265 53 53. INFRASTRUCTURE UNESCO-Abertis 61 Manager: Òscar Voltas. Editorial coordinator: Abertis Telecom, going public toll systems Abertis Foundation lines in Spain and France Content coordination: Nuria González. Chief reporter: Toni Sarrià. Economic analysis of action Barcelona BioEconomy Forum Alícia Cobeña. Editorial: Marta Carrera, Gemma Figueras, Vía-T Paco Martínez and Toni Capilla. Editorial: Alícia Cobeña, Gemma Gazulla, Restoring competitiveness Abertis Foundation 61 Layout: Cristina Vilaplana, Xavier Julià and Easier with Bip&Drive Marc Gómez, Leticia Gonzálvez Samuel Vergés. Editing: Cisco Figueroba. 16 Cardiovascular Research 72 and Marta Maxenchs. INTERVIEW 56 BONDS Legal deposit: B-16430-2010. Contributors: Christine Allard, Sandra Abertis shareholder hotline: Julián Núñez 34 42 road safety Refinancing Vasconcelos, Sergio Castilla, Jorge Chamizo, 902 30 10 15. Muriel Lázaro, Anna-Sophie Leber, Enric Pérez, www.abertis.com “Investing in infrastructure NEW CHALLENGES toll systems Abertis Foundation 62 Accelerated debt swap Abertis accepts no responsibility Mercedes Pérez-Cruz, Marc Ribó, Berta Riera, is the best solution to Global Gathering C-32 A commitment with NEWS IN BRIEF to improve costs Andrea Yametti, for the opinion of its employees in the Abertis, Abertis Autopistas, work published, nor does it necessarily consolidate recovery” Encounter for our businesses In operation once again young drivers Abertis news and investment capacity Abertis Telecom and Abertis Foundation. identify with their opinions.

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By Francisco The sustainability Pérez A Doctor of Economic Sciences, he is the Chair of Economic Analysis of investment in at the University of Valencia and Director of Research at the Valencia Institute of Economic infrastructure Research. Investment in infrastructure in Spain during the 21st century is Co-director of the public and private capital ‘stock’ characterised by its irregular nature and the decreasing productivity estimates for Spain and its of accumulated capital, as the stock has risen by 25% more than autonomous communities the GDP. Both aspects call into question a public investment and provinces. He has conducted a number of pattern which, unless it alters, will not turn out to be sustainable studies on the role of capital in growth. Text and photos abertis Principal investigator of a research excellence group During the long period of crisis that has become stricter in times of crisis to the point (Prometeo) of the Valencia been affecting Spain, we have seen of preventing actions that would be fully justi- regional government. confirmation that public investment does not fied by their economic and social profitability. In 2010 he was awarded act as a stabiliser of activity levels but quite If falls in investment effort are intensive the VIII Premi Societat the opposite. No other area of public spending and prolonged, as has happened in recent years, Catalana d’Economia. has undergone such intensive adjustments as they may lead to reduction of the stock of His fields of investment. Falls in investment have contrib- accumulated public capital and the flow of specialisation are uted to correcting the deficit, but also to reduc- services that it provides. This happens if the economic growth, ing aggregate demand and employment in gross capital formation cannot cover the depre- competitiveness, the construction industry, which was formerly ciation of the existing stock, as has happened regional economics, the oversized and is now severely affected by the in Spain in the last few budget years in the area economics of education reduction in private spending. of transport infrastructure and even more so So, at present Spain has more public resources available in order to continue to and public finance. The rhythms of formation of pro-cyclical in other investments. According to the latest capital than many other countries. Nonethe- the fact that other invest. Inadequate programming of projects, He has published 54 public capital have several negative conse- calculations from the FBBVA-Ivie capital serv- less, greater infrastructure provision (in rela- European countries however much it promotes intensive invest- books in collaboration quences. Firstly, they highlight the fact that ices, which use international criteria agreed by tive terms) than that of other economies is ment effort in any of its phases and has a and over 170 articles in their financial programming is far from optimal, the OECD countries, in 2012 the depreciation not good news in itself, because it means that generate more added value short term knock-on effect, will economically specialist national and since falls in investment are frequently due to of public capital exceeded the formation of the productivity of the accumulated assets per unit of public capital and financially inhibit accumulation in the international journals. lack of resources. Secondly, the irregular nature gross capital that had taken place. As invest- is lower. The fact that other European coun- than Spain should make us medium term. On the other hand, careful He has supervised nine of investment effort in infrastructure prevents ment has continued to fall since then, not even tries generate more added value per unit of think carefully about the selection of investment projects in infra- doctoral theses and more it from contributing to the modulation of cycli- the depreciation has been covered. public capital –and the same thing is hap- structure based on their ability to generate than a hundred national cal fluctuations and prejudices selection of the The scope of these stock reductions is pening with private capital– than Spain causes and consequences services that contribute to generating value and international right projects. Rather, to the contrary, these lower than in the past because Spain no should make us think carefully about the of this situation sustains the process of accumulation of research projects. fluctuations are not only due to the perform- longer suffers from generalised deficits in causes and consequences of this situation. public capital. ance of private demand components that are infrastructure. Thanks to the strong accumu- Among the causes, one is that many –and have generated debt– which it will be Public opinion, the various administra- difficult to control, but also to government lation process carried out over the past few projects have been selected based on not difficult to recover even in favourable sce- tions and the private agents interested in actions with frequent budget performance decades, the current infrastructure provision very realistic performance hypotheses, which narios, given their potential levels of use and building infrastructure in Spain should learn driven by the economic situation: strong invest- in Spain is greater than that of France, Ger- are highly dependent on optimistic sce- high operating and amortisation costs. The an important lesson from these seven lean ment programmes by all administrations in many and the United Kingdom in proportion narios about the progress of the economy consequence of this is that the productivity years: investments are not good per se, only times of expansion –supported by the increase to the population and also when compared and completely opposed to the crisis being of this capital will always be limited. when they offer effective services. Their in tax collection and financial facilities– and with the GDP. Therefore, the slowdown in the suffered. The consequence of this is that there Limited use and low productivity of the medium and long term productivity is an harsh cuts in times of recession, due to the lack pace of investment does not mean that brake is now much more installed capacity with a infrastructure stock limits its ability to con- essential condition to offset the effort rep- of resources. The criteria are relaxed in times has been put on the process of convergence low level of use. tribute to generating revenue in the country, resented by dedicating the country's savings of economic boom, when there are resources that had already been completed and even A second cause is that some of the infra- undermining growth of public revenues and to financing them, a rule that is also valid for available for almost everything, and they exceeded in some areas. structure projects have required investments the ability of the administrations to have infrastructure. n

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Ready to face the future Abertis presents its new roadmap The company gave details to the London investment community about its new Strategic Plan for the 2015-2017 period, in which it explained its financial targets and the lines to be followed by its businesses

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Abertis Director of After a successful four-year period Stock market launch of the Investor Relations, Steven Fernández; between 2011 and 2014, in which the telecommunications business Group CEO, Francisco company has made a transformational leap, For the terrestrial telecommunications divi- Reynés, and Managing Abertis is getting ready to give new impetus sion, the stock market launch will involve an Director of Finance and Corporate to its targeting strategy, to an increase in increase in its financial flexibility and the vis- Development, shareholder returns, to the search for effi- ibility of the business, at a time when there José Aljaro. ciency, to international growth and to a new is a great appetite in the market for telecom- organisational structure. These are the main munications infrastructure projects. Further- outlines of the Strategic Plan that the com- more, in the future, it will be possible to attract tis and will have its own brand, corporate The dividend per share will increase by 11% in cash flow, as well as becoming con- pany presented in October to the City of new resources to finance the growth and image and management team. 5% each year until 2017 which, added to the For the telecommunications solidated in the market in a privileged position London investor community and which will internationalisation of this division, in a mar- In this respect, Abertis CEO, Francisco traditional bonus share issue of 1 new share division, the stock market to continue to make the most of the business be its roadmap for the next three years. ket that is currently offering a number of Reynés, stated that “this stock market launch for every 20 old ones, will involve an increase opportunities that may arise in its main toll From the point of view of targeting, this opportunities, especially in the mobile tele- will allow the terrestrial telecommunications in shareholder remuneration of 10% per year. launch will involve an roads business, with special emphasis on the new impetus takes the form of the intention phone mast segment in Europe. The new business to continue with the growth process The company also announced a share buy- increase in its financial international arena. to launch on the stock market in 2015 –sub- company will operate independently of Aber- that it has been experiencing in recent years, back plan for up to 5% of the capital between flexibility and the visibility Furthermore, Abertis has also announced ject to market conditions– the Abertis ter- so that it can make better use of the opportu- 2015 and 2017. With the new shareholder of the business the start of a new efficiency plan for 2015- restrial telecommunications business, which nities that are arising in the telecommunications remuneration policy, it is estimated that in 2017, which is expected to generate savings currently makes up a network of approxi- infrastructure market and enhance its potential ordinary dividends alone the company will of up to 450 million euros and will concen- mately 8,000 broadcasting masts (radio and The aim of the new plan is as a neutral operator in the international arena”. distribute more than 2 billion euros over the trate on the Group's businesses in France, television) and towering masts (mobile next three years. Brazil and Spain. It is estimated that on its telephony). for Abertis to achieve an Growth of the return The efficiency plan will completion in 2017 the new efficiency plan The launch of this business on the stock average annual increase for shareholders Financial and efficiency targets make it possible to will have generated over 1.4 billion euros in market will allow Abertis to obtain resources of 8% in its Ebitda over During the presentation of the Strategic Plan, The target of the new plan is for Abertis to improve the Abertis Ebitda additional enterprise value (EV) for Abertis. so that it can continue to grow in the toll the next three years which drew together more than a hundred achieve average annual growth over the next by 4 points, from the 64% All of this will make it possible to improve road business and reinforce its commitment analysts and investors, Abertis also announced three years, within a constant scope and the Abertis Ebitda by four points, from the 64% to financial solvency (corporate rating) and –up to 4 billion euros– an improvement in the policy on returns for exchange rate, of 8% of its gross operating estimated for 2014 to the estimated for 2014 to the 68% estimated for returns for shareholders. and 11% in cash flow shareholders for the next three years. profit (Ebitda) –up to 4 billion euros– and 68% estimated for 2017 2017. The new efficiency plan will reinforce the

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growth in the toll roads business. In the case three years on achieving new extensions to 2015-17 of growth through acquisitions, there are cur- the concession periods in its current asset Management key targets rently several projects under consideration in portfolio. In this respect, the Abertis CEO priority markets for the Group (western announced that there are up to 16 projects EBITDA 4* Europe and North America). These projects to be considered and he gave as an example 2017 (+8% CAGR) are being analysed under strict financial dis- the case of the Arteris toll road concession cipline, from the point of view of the industrial company, which recently reached an agree- EBITDA 68% role that characterises the company, and they ment to make investments in exchange for 2017 margin (+340 bps) will only be started up if they do not pose any a six-month extension of the concession. Discr. cash flow 5* risk either to the Group's dividend policy or “These are operations in which all par- CF 2015-2017 (+11% CAGR) to its financial strength (rating). ties involved can win. In this case the Brazil- As for organic growth, the company's ian government is able to extend and Dividends 2.2* efforts will be concentrated over the next improve its high capacity road network and 2015-2017 (+10% CAGR) reduce congestion and accident rates, with *Billion euros. an improvement to customer service; and There are several the concession company is able to lengthen work carried out in this area over the last four the average maturity period of its portfolio.” years (2011-2014), in which combined savings projects under of more than 700 million euros were achieved. consideration Negotiation in Chile in priority markets for extension of concessions Boosting organic and for the Group Similar agreements are being negotiated in inorganic growth other countries, such as Chile, where nego- Between 2015 and 2017, Abertis will maintain (western Europe tiations have been opened for investments its commitment to both organic and inorganic and North America) of up to 500 million euros in exchange for Abertis CEO, Francisco extensions of between two and five years Reynés, talking to the media following the of the duration of concessions such as With the new organisational presentation in London. Autopista del Sol, Rutas del Pacífico, structure, the development Autopista Los Libertadores and Elqui. In France, approval of the Plan Relance is of the industrial role of expected to take place very soon, with an Abertis is guaranteed and the investment of almost 600 million euros in management team is aligned the Sanef and Sapn toll road systems in with the targets of the exchange for average extensions to the concession period of 2.5 years. n Group and its shareholders

2011-14 Efficiency Plan 2015-17 Target Efficiency Plan (million euros) (million euros)

Yearly cash savings 210 162

101

570 37 355 193 65 The scene at 2011 2012 2013 2014 2015E 2016E 2017E the presentation to the British capital Initial target Current investment community.

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To meet the challenges of a new phase nesses in the Group (Autopistas Spain, Sanef in France, Arteris in Brazil, Autopistas Chile, Autopistas Internacional, Toll Solutions Inter- national, Telecom Terrestre and Hispasat, which remain in place). The Group restructures The main new items introduced are the changes to the General Management of Autopistas Spain, which will now be under the leadership of Antonio Español to replace Josep Lluís Giménez Sevilla, who will now its senior management take on the position of new Managing Direc- tor of Industrial Development. This new Gen- Abertis is simplifying its corporate area and redefining eral Management covers a lot of the duties the role of the Group in relation to its business units that had so far been combined in the former General Resources and EfficiencyM anage- Text and photos abertiS ment, which was headed by Lluís Deulofeu, and has new added responsibilities specifically related to the development of the industrial In the context of the presentation of of the industrial role of Abertis and align the Sevilla– and the General and Corporate Affairs role of the Abertis Group. Lluís Deulofeu will the Strategic Plan carried out in Lon- management team with the targets of the Secretariat –with Josep Maria Coronas in now be the new Managing Director of Sanef. don, changes to the company organisation Group and its shareholders. charge–, as well as Human Resources Manage- were also announced. These changes are The main changes to the organisational ment, which is to be run by Joan Rafel. Else- intended to meet the challenges of a new structure are taking place in the corporate where, Lluís Deulofeu, who was until recently the main changes to the phase characterised by an improvement in area, where the organisation is being simplified. the Abertis Managing Director of Internal organisational structure François Gauthey, Josep Lluís Giménez competitiveness as well as adaptation to the Directly reporting to the CEO, Francisco Rey- Resources and Efficiency, is now taking on the Managing Director Sevilla, Managing challenges of the current and future sce- nés, are General Financial and Corporate Devel- role of Managing Director of the Sanef conces- are taking place in the of Toll Solutions Director of Industrial narios. In addition, the role of the Group in opment Management –led by José Aljaro–, sion company, replacing François Gauthey. corporate area, where International. Development. relation to its business units is being rede- Industrial Development General Management Also directly reporting to the CEO are the organisation fined, so as to guarantee the development –which will be headed by Josep Lluís Giménez the general management areas of all busi- is being simplified

New organisational chart Furthermore, in order to strengthen the President presence of Abertis in toll system technology S. Alemany projects, as well as entry into geographical target markets for the Group, the Toll Solu- tions International (TSI) business division is Abertis Secretary to split from Sanef and become a separate Foundation to the Board business unit within the Abertis Group. This unit will concentrate on the technological development of toll systems, mainly free- CEO flow, and on specialist toll collection manage- F. Reynés ment companies using this technology (toll chargers). François Gauthey, who has been the Managing Director of Sanef until this Finance & Corp. Industrial Gen. & Corp. Human time, will now assume responsibility for the Development Development Affairs Secretariat Resources Toll Solutions International (TSI) business as J. Aljaro J. L. Giménez J. M. Coronas J. Rafel Managing Director, reporting directly to Aber- tis CEO, Francisco Reynés. This division man- ages such important contracts as the largest European toll system, the Dartford Crossing Autopistas Sanef Arteris Autopistas Autopistas Toll Solutions Telecom Hispasat in London (UK); the longest toll bridge in the Spain France Brazil Chile Internacionales International (TSI) Terrestre C. Espinós A. Español Ll. Deulofeu D. Díaz L. M. de Pablo C. del Río F. Gauthey T. Martínez world, the Portmann Bridge in Vancouver Antoni Español, Lluís Deulofeu, (Canada), and the management of two Managing Director Managing Director bridges in Rhode Island (USA). n of Autopistas Spain. of Sanef.

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New cycle in the company In future, Abertis Telecom will be operating independently and will have Abertis Telecom its own brand, corporate identity gets ready and management team Abertis Telecom will provide itself with the required structure and has announced to go public the creation of two new areas: Finance The company is beginning a new phase The Abertis terrestrial telecommuni- and Corporate cations business, currently called in which its aim is to take up a position Abertis Telecom Terrestre, is starting on a new Development; Public at international level as a key operator in cycle marked by its launch on the stock mar- and Corporate Affairs the terrestrial communications segment ket in 2015, which comes in addition to its plans to become one of the main interna- Text and photos abertiS tional operators in the provision of telecom- its organisational structure the capabilities munications infrastructure services. and duties that guarantee its capacity for To turn these objectives into reality, response and action in all fields and manage- Abertis Telecom will gradually integrate into ment areas of the company, and which had so far been provided partly or completely by the Group's corporate areas. Corporate structure of Abertis Telecom Terrestre In this respect, the company has announced the creation of two new areas 100% owned by Abertis and operating as an standalone company. integrated into its organisation that are going to play a key role in the imminent plans for going public and the projects for growth and Abertis Telecom Terrestre internationalisation. On the one hand, there is the Finance and Corporate Development area, which will cover all financial management for the ter- 100% 100% 100% 100% restrial telecommunications business, cor- porate development, strategic planning, Abertis Tower business control, investor relations and tax management. This new area will report Towers Spain Towers Italy directly to the Managing Director of Abertis 42% 30% Telecom, Tobías Martínez, and will be man- aged by José Manuel Asia as CFO (chief finan- Tobías Martínez, cial officer), who until now wasD irector of pean Union and administrations), brand Managing Director of Abertis Telecom. 51% Strategic Planning and Corporate Develop- management and corporate responsibility. ment for the Abertis Group. Joining this new area, which will also report In addition, the Public and Corporate directly to the Managing Director, will be Affairs area is being created, which will include Antoni Brunet, who until now was Director Although the ATT’s subsidiaries are structured into four entities, it operates as one company. the company's external communications, of European Affairs and the Abertis President's institutional and government relations (Euro- and Studies Office.n

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President of SEOPAN Julián Núñez “Investing in infrastructure is the best solution to consolidate recovery” The President of SEOPAN believes that 2015 will be the first year, since the crisis began, in which the construction industry as a whole will make a positive contribution to the growth of the economy and employment in Spain

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Julián Núñez is the President of the industry in Spain is performing at the a recession year, with a fall in activity of Spanish Association of Construction moment? around 2%. and Infrastructure Concession Companies In the residential construction sub-sector, It can be concluded that next year (SEOPAN), an organisation that acts as an which represents around 27% of national will be the first year, since the crisis observer of this economic sector. He gives building activity, the crisis has reached its began, in which the construction in- us an analysis of the immediate future of lowest point, with a forecast increase of dustry as a whole will make a positive the crisis from his point of view. 8% in demand for new housing, and this contribution to the growth of the econo- n n n trend will continue for the next few years. my and employment. SEOPAN is an international industry organ- For the civil engineering works sub- n n n isation with a 57-year history. As its current sector, which represents 24% of the total Commitment to public investment in infra- President, what are the main challenges activity, 2014 will be once again be a re- structure is one of the measures usually made being faced today by the institution? cession year, with a fall in production of use of by governments. In your opinion, are The main challenge is to promote a new between 12% and 16%, although no cut- all investments in infrastructure equally cycle of investment in infrastructure that backs in public investment are expected effective as a measure for stimulating the can adapt in terms of origin of its financ- over the next two years. For the housing economy in times of crisis? What criteria ing to a budget scenario that is radically refurbishment and non-residential build- should be taken into consideration when it different from that of the past. Over the ing sub-sectors, which represent 49% of comes to selecting these investments? next few years, current debt levels will the remaining activity, 2014 will also be A recent report from the International not allow investment levels equivalent to Monetary Fund quantified for advanced 3% of GDP, and our biggest challenge will Pricing per use is the economies that, for each percentage therefore be to encourage public-private point of public investment in GDP, ad- collaboration in the promotion of infra- most rational and ditional economic growth of 0.4 points structure and services, while at the same sustainable way of is obtained the following year, increas- time making use of the stock of transport generating resources ing its impact in subsequent years until infrastructure accumulated in recent years. maximum induced growth of 1.5 points Julián Núñez expressed to meet the cost his hopes for the n n n of GDP is reached in the fourth year. If of maintaining and immediate future In your opinion, and judging by the latest we add to this the tax return on invest- of the construction data, how do you think the construction developing infrastructure” ment and infrastructure –49%– and job industry.

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n n n We have to promote a mand on roads, renewing the heavy goods What role do you think that private enter- new cycle of investment vehicles on the roads, etc. Profile prise should play in projects in the industry? However, the negative effect is that in infrastructure that Julián Núñez is a Civil And, specifically, what role do you think is the gap that exists between the coun- Engineer who graduated played by companies like Abertis, which can adapt to a budget tries that have implemented this type of from the Polytechnic operate purely as concession companies? scenario that is different measure and those that do not have it is University of Madrid, The need to achieve the convergence cri- to that of the past” increasingly obvious, which has led to an and he holds an executive teria set by Europe and to deal with other increase in inequalities within the com- MBA from the Instituto social priorities in times of crisis has in- mon market. Thus, while in some coun- de Empresa. volved major structural cutbacks in the cession contracts, where European leg- tries, such as France, 80% of the high ca- Since February 2013 he has budgets of the investor ministries and the islators have finally opted for defining a pacity road network is financed by its us- been President of SEOPAN, rest of the public administrations. In view relatively open common framework that ers, in others, as unfortunately is the case the Spanish Association of of all of this, private enterprise should would allow room for these modulations in Spain, 80% of the high capacity road Construction and Infrastructure notably increase its contribution with fi- in the concession contract. network is financed by taxpayers. Concession Companies. From 2004 to 2013 he was nancing formulas that are sustainable in In any case, the new representatives n n n the long term, both in the development of the European Parliament and the Com- What other measures for generating rev- Executive Vice-President of SEOPAN. of new infrastructure and in the conserva- mission have a major challenge ahead. enue or reducing expenditure could govern- tion and maintenance of what is already The principle of subsidiarity clashes fre- ments introduce to pay for the maintenance He is also President in place. quently with the cherished notion of the and development of infrastructure? of the CEOE Concessions A clear example of this is the impor- single market, which leads to significant Pricing per use is the most rational and and Services Commission, tance that private enterprise has in the inequalities and inefficiencies among the sustainable way of generating resources Vice-President of the National Construction definition of the latest large investment member states and, in a lot of cases, to to meet the cost of maintaining and de- Confederation, and Executive programmes, both national (PITVI) and discrimination among European citizens veloping infrastructure, both transport and Vice-President of ANCOP, European (Juncker Plan). and companies. public facilities. The implementation of this a member of the Abertis is one of the largest global n n n measure in our high capacity road network Board of Directors groups with an acknowledged capacity for Regarding toll roads, at SEOPAN how do with variable rates from 0.03 euros/km of the CEOE and SEOPAN. mobilising resources and taking on infra- you see the effects of the Eurovignette (light vehicles) to 0.14 euros/km (heavy Furthermore, he is a member structure projects that require a high level directive, a measure that plans to introduce goods vehicles) would lead to annual rev- of the Higher Committee of of private financing. Such potential should the pay per use concept, in those countries enue of 6.8 billion euros, a value that repre- State Indexes and Prices be made use of to undertake the devel- that are already applying it? sents 85% of the investment budget of the and the Contractor opment of new investments that make it The European institutions are taking the Ministry of Development Group in 2015. Classification Committee. possible to define a rational and balanced time to make a commitment and pro- There are also other measures for transport infrastructure network. mote the introduction of pay per use to generating revenue based on extension He is a member of the board of the National Construction n n n guarantee the development and mainte- of the periods of specific concessions. In Confederation and the To what extent could the lack of uniform nance of the road network. Spain, the decision to extend the peri- Construction Labour Foundation, legislation in the European Union regarding In this respect, the Eurovignette di- ods from 35 to 75 years in several port and also a member of the Board concessions be an obstacle to the interna- rective has been the instrument chosen concessions will lead to revenue of be- of the Spanish Railway Foundation. tionalisation of operators outside their to regulate this principle, although it has tween 1.4 and 1.5 billion euros. Applying country of origin? three main limitations: its voluntary na- the same measure to the current terms At European level, two opposing positions ture, the lack of specification about the of mature toll road concessions in Spain the impact on the environment by re- are converging. On the one hand is the use that should be made of the revenue would generate a similar level of revenue, specting the regulations on this matter, creation –15 jobs for every million euros Private enterprise need to have a common legal framework generated and its limitation to heavy a matter that is also under consideration the application of efficiency criteria in the invested–, we should conclude that in- should notably that promotes accessibility to tenders goods vehicles. in other European countries. resolution of environmental problems, vesting in infrastructure now is the best increase its and free competition between operators. In spite of this, there are many States n n n staff training and effective relationships solution for consolidating the recovery of However, on the other hand is the under- where the directive has been implement- Faced with the challenge of climate change, with suppliers and sub-contractors. the Spanish economy. contribution with lying need for concession contracts not ed (Germany, Czech Republic, Poland, etc.) what measures does SEOPAN propose to Regarding use and operation, it is es- As a general criterion that could be financing formulas to be regulated in too strict a way that and as many others that plan to introduce improve the environmental impact caused sential to internalise the external costs considered for prioritising the investment that are sustainable restricts their ability to adapt to any cir- it over the next few years (Belgium, for ex- by the creation and maintenance of infra- generated by vehicles. In this respect, to be made, I believe that the public ad- over time” cumstances that may arise, as concession ample). The experience in all these coun- structure? the implementation of pricing policies ministrations should only finance those contracts last for a long time and there- tries has clearly been a positive one and Respect for the environment forms part according to pollutant class –like those investments that have a marked public fore their flexibility is a basic quality that has achieved significant advantages, such of the corporate social responsibility of governing the new version of the Eurovi- service element and high social profit- needs to be protected. as generating funds for maintaining and large infrastructure companies. Therefore, gnette directive– involve a challenge and ability but without the economic profit- Proof of this was the processing of conserving road and transport networks, in the various phases of development of a decisive step forward to improve the ability possible for private enterprise. the directive on the awarding of con- rationalising and modulating traffic de- any infrastructure the aim is to minimise environmental impact of road transport. n

18 n link abertis n JANUARY 2015 January 2015 n link abertis n 19 TEAM

Abertis Autopistas Chile Operations Management A team facing major challenges Reducing accident rates and improving customer service are the greatest challenges faced on a daily basis by the Abertis Autopistas Chile Operations team

Text and photos Abertis AUTOPISTAS CHILE

Although it may seem obvious, the ment is headed by the Operations Manager Support from Human Resources main objective of the Operations of Abertis Autopistas Chile, Christian Arbulú, The Operations Management has a direct Management of the toll roads that Abertis who is responsible for the operations areas relationship with all areas of the organisa- manages in Chile is to provide a service for of the various concession companies that tion in Chile. However, without a doubt, users in accordance with the requirements make up Abertis Autopistas Chile: Rutas del one of the areas that it works with most set out in the respective concession contracts Elqui, Rutas del Pacífico, Autopista delS ol, closely is Human Resources (HR), because and those defined internally. However, this Autopista Los Libertadores and Autopista Los this department contains almost 90% of Management has major challenges to meet, Andes. The Operations Manager is supported the company's total workforce. At present, which can be divided into two areas: exter- by Fidel Cárdenas, as Operations Support its current work with the HR area is the nal and internal. The first area focuses on Manager, and Diego Escobar, as head of Pre- standardisation of the job descriptions of improving the service level on the toll roads vention and Environment, as well as the man- all employees who work on the various that connect Santiago de Chile with the agers of the various concession companies. Abertis toll roads in Chile. regions, a challenge that has basically arisen It is also important to highlight that, as a need expressed by the road users them- through the Operations Support area, work selves. For the above, together with the meetings with other areas of the company Technical Management, work is taking place the team is made up have been generated in order to speed up on the generation of new projects, which of an excellent human resolution of problems that originate in will take the form of implementation of the these other areas but have a direct effect in free flow collection system, new service group, committed to the Operations area. As a result of this ini- areas, lane extension and installation of their work and always tiative, procedures have been generated for CCTV cameras, amongst others. These ready to give more these areas, which have been incorporated projects will be take place in the Autopista in order to improve into the quality management system. One del Sol, Rutas del Pacífico and Autopista Los of the challenges mentioned above –which Libertadores concessions. is to be even more operationally efficient– All members of the Abertis With respect to the internal challenges, is combined with the need to have trained Autopistas Chile Operations the Operations Management continues to staff with the skills to achieve this. Therefore, Actions for increasing safety Within his area of action, he will not only Management team. focus on the making its operational processes to reduce the in conjunction with the Human Resources It is essential to mention that one of the be responsible for direct management by imple- more efficient.T his began in early 2014 with accident rate, a new area, Operations Management is in the proc- major challenges that has been taken on is menting actions that are aimed at reducing the the implementation of the new operational position has been created, ess of defining a profile for each job in order to reduce the accident rate, which has number of accidents among our employees, structure that they call the “new operating that of Road Safety to determine whether any gaps exist and increased in the most recent period. To fulfil but also for reviewing and proposing improve- model”, which, added to the best practices thus be able to deliver the tools that each this task, a new position has been created in ments to the road operation processes carried plan, will mean that this objective is achieved. and Facilities of our employees requires in the perform- the Department, that of Road Safety and out on an everyday basis on our toll roads. Basi- To respond to these challenges, the Manage- Protection Officer ance of their duties. Facilities Protection Officer. cally, the aim is to create a safety culture.

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1 2 3 4 5 6

— 1 — — 4 — Christian Arbulú, Patricio Vargas, Operations Manager Operations Manager. n Optimisation of toll system maintenance Abertis toll roads in Chile. Elements such as started up with the electronic toll system Autopista Los Libertadores and — 2 — costs and ITS. the use of traffic management systems or and the future implementation of the free Autopista Los Andes Sector Oriente. Fidel Cárdenas, the greatest challenge — 5 — Operations Support faced by the Department surveillance cameras, for example, provide flow system, will give users a better service Cristian Carreño, Operations Manager Manager. These initiatives, together with others key support in this management and, when level and, in turn, will make the company's Rutas del Pacífico and Autopista — 3 — is undoubtedly that of implemented by various areas of the company, integrated into a control centre, actively col- internal processes more efficient. Los Andes Sector Poniente. Raúl García, — 6 — Operations Manager reducing the accident will involve savings of almost three million euros. laborate in solving any incidents that may Together with technology, this will mean Jean Cathalifaud, Operations Autopista del Sol. rate on toll roads occur on the road. that significant operational and economic Manager Rutas del Elqui. Reducing the accident rate In addition, the implementation of new benefits will be achieved in the short-term The greatest challenge faced by the Department toll collection methods, as has already been organisation. n is undoubtedly that of reducing the accident An organised and together with rate on toll roads. Some of these incidents have multidisciplinary team technology, significant consequences in the media, especially those Operations Management The team is made up of an excellent human operational and that occur on Rutas del Pacífico, which is the group, committed to their work and always best known inter-city road at national level as Organisational Chart Operations Manager economic benefits will Christian Arbulú ready to give more, in order to improve the it connects Santiago with Valparaíso, one of the performance of their work. It is also a qualified be achieved in the largest ports in the country and the place where team, focused on the task and the goals outlined, short-term organisation the National Congress is located. Operations Support Road Safety and which is clear about the objectives of the work Nonetheless, at times they have to deal Manager Facilities Protection that it carries out every day and is characterised with the problems arising from long weekends Fidel Cárdenas Officer by its high level of organisation and discipline. and the summer period, when intensive work As a result of the work that the team has to be carried out with the authorities carries out together with their colleagues from the Ministry of Public Works, the police Head of Security, from Corporate, in the last few months of and the media with respect to the additional Occupational Health 2013 a series of initiatives were introduced processes that take place during these peri- and the Environment Diego Escobar which are now being applied, some of which ods for the purpose of mitigating the effect are listed below: of the significant increase in the number of n Reorganisation and increase in the produc- vehicles travelling on the toll roads. tivity of the collections team. Operations Manager Operations Manager Operations Manager Operations Manager n Optimisation and centralisation of the Technology, a key element Jean Cristian Raúl Patricio Antonio economic control of the toll system. in toll road management Cathalifaud Carreño García Vargas n Centralisation of the operational control Technology is increasingly becoming a very centre. important factor in the management of the

22 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 23 Interview

Managing Director of Arteris David Díaz “The Arteris investment programme is one of the largest in Brazil” He has been with Arteris for a year and a half, but he has held various positions of responsibility in the Abertis Group since 2002. In Brazil he has taken on an exciting challenge

Text and photos Arteris

He had spent nine years as Director the trust and patience of Abertis and concentrated on the country's strategic of Strategy and Corporate Develop- Brookfield were also a key part of my first axes and they will lead to an improvement ment at Abertis when in 2011 he was offered year at Arteris. Many things have changed in mobility, quality and customer service, the opportunity to take over the manage- since then and that it why I am extremely as well as safety. We can highlight such ment of Abertis Autopistas América. The good happy to have been able to contribute to challenging projects as the duplication of results from his management and the Group's creating a more dynamic, efficient and 31 kilometres in the Serra Cafezal (on the commitment to Brazil placed him in an ideal profitable company, with a Group vision, BR-116, which connects São Paulo and position for being invited to take up a chal- and praised by all our stakeholders. Curitiba, the strategic axis for Mercosul), lenge that has changed his life. The warm words that were said to one of the largest engineering structures in n n n me by employees who are proud to be the country which, due to environmental After almost a year and a half in charge of part of Arteris were one of my greatest restrictions and the orography of the area, Arteris, what is your verdict as managing rewards during the first year. will have 34 viaducts and four tunnels, or director of the company? n n n the Florianópolis bypass, a 51-kilometre Just over a year ago I landed at Guarul- What are the main investment projects ring road that should relieve the current hos Airport, accompanied by my family, under way at present in the company and congestion on the BR-101 in Grande Flori- to take on one of the most important how do you plan to finance them? anópolis. In addition to the major projects, challenges of my career: I was in a new The Arteris investment programme for we also have a high number of additional country, with a different language and the next few years is one of the largest in investments in roads such as new link culture, but at the same time with an ex- Brazil. Improvements in infrastructure are roads, pedestrian crossings, third lanes, re- citing challenge in one of the largest and furbishment of road surfaces or safety ele- best companies in an exciting country. ments. In 2014 we expect to have invested The warm welcome I received from all Partners like Abertis approximately 1.8 billion reals. employees made my job a lot easier. The and Brookfield make it These investments are basically go- support and advice of José Carlos Ferreira, possible to reinforce ing to be financed with resources from who was President of the company un- and stabilise the the BNDES (Banco Nacional do Desen- til that time, the involvement and com- volvimento Econômico e Social) public mitment of the rest of the management work of the Arteris bank, as well as from bond issues in the team, the work of all the employees and management team” local capital market.

24 n link abertis n July 2014 JANUARY 2015 n link abertis n 25 Interview

sions swiftly. In addition, being able to rely lower than that existing in some Europe- One of my first objectives Profile on great professionals among our share- an countries or in North America. after I arrived in Brazil holders to support the strategic decisions The toll road concessions are already David Díaz was appointed was to encourage Managing Director of Arteris in and add value to all business areas also very well consolidated, and the various September 2013. The company contributes incalculable value to Arteris. governments today are giving priority on a relationship of is one of the largest toll road n n n their agendas and in their tight tax budg- transparency and trust operators in Brazil, an area in which At Abertis you held the position of General ets to the limited resources in health, with the regulators” it administrates 3,250 kilometres Manager of Toll Roads in America and prior education or unemployment. Therefore, of road in nine concessions and to that you were in change of the Strategy having private enterprise available to fi- has more than 6,500 employees. and Corporate Development area in Spain. nance infrastructure, which is so neces- Before he took on this position, What differences would you highlight sary today in Brazil, and providing a bet- than 7,300 kilometres and operates in 12 he held various posts between between the concession business model in ter quality service, is an option that is countries allows us to take advantage of 2002 and 2013 at Abertis, one Spain and that of Brazil? widespread and accepted. In this respect, the success of each country, in such diverse of the largest global infrastructure The business models in both countries are toll road users value the better quality of areas as engineering, operation, purchasing, operators, which operates in not significantly different, although in Brazil the concession road network compared talent management, financing structuring or 12 countries. For nine years he was there are some additional services that have to the public network and they are there- renegotiation of contracts with the regula- Director of Strategy and Corporate to be provided by the concession company, fore prepared to pay for this service. tor. Initiatives in areas such as Purchasing, Development, a position that allowed him to take part, amongst such as pre-hospital care, as well as having n n n Systems or Human Resources have already other projects, in the acquisition an investment volume during the conces- What role do you think that Arteris could been implemented with very successful of toll road concessions in France sion that is greater and for a longer time. play in future public-private collaboration results. Undoubtedly, this collaboration (Sanef) and Chile (Autopista Where greater differences are found is in the projects? works both ways and at Arteris we hope to Central), in the Eutelsat and level of of control by the regulator, which is Arteris now has a position of leadership be able to contribute to improving each of Retevision telecommunications a lot higher and much more detailed in Bra- and prestige in the country, as well as the Abertis Group companies in any area companies, as well as in the TBI and zil, as well as in the management of stake- a human team that is technically pre- of activity. However, I cannot stress enough DCA airport operators. As a result, in holders. In Brazil, federal concessions are pared to take on new challenges, and we the very important and effective support September 2011, he was appointed usually the only means of communication therefore expect to be able to increase of our shareholders in the area of occupa- Managing Director of Abertis between municipalities and this generates our current concession portfolio, always tional safety. In just a few months, not only Rodovias América do Sul y Norte, a constant demand for new structure and with the focus on creating value. One of has this allowed us to approve a new safety which covers Chile, Argentina, Colombia and the United States. modifications to the contract. Brazil's main weaknesses is the state of policy, but also to ensure that the safety cul- n n n its infrastructure, which is why the op- ture is present in each of our decisions and Prior to joining Abertis, Have you noticed any major differences portunities for new concessions over the reduce occupational accidents by approxi- he worked as an Investment between the way of working and negotiat- next few years will be numerous. In this mately 50% in 2014. And finally, I would Manager at La Caixa, one of ing with the Public Administration in Spain respect, the Federal Government is cur- also highlight as an example of collaboration the largest financial institutions and in America, especially in Brazil? rently preparing an ambitious new infra- the Dalí Exhibition in Río de Janeiro and São in Spain. David Díaz has a degree and a master's in Business One of my first objectives after I arrived structure plan, known as PAC 3 (Programa Paulo. Without the commitment of Abertis Administration from the Esade in Brazil was to encourage a relation- de Aceleração do Crescimento) in which it would have been impossible to bring this Business School in Barcelona. ship of transparency and trust with the we expect to play an active role. exhibition to Brazil, which is already bringing regulators (federal and state). With this n n n so many benefits to Arteris. David Díaz stated long term vision as partners and not as What are the best practices carried out by n n n that improvements opponents,working together to meet of Abertis that have been adopted by Arteris? Arteris plays an important role as a pro- 200,000 students from state schools have to infrastructure in Brazil will lead to n n n such important objectives as delivering And, conversely, what practices can Arteris moter of social cohesion in the regions in already taken part in this project. improved mobility, Arteris was created from the joining the planned investments and providing transfer to Abertis? which it operates. What projects would you In addition to the initiatives focused customer service together of an industrial partner (Abertis) customers with quality service, we have Forming part of a group that has almost highlight in terms of corporate social on education and road safety, Arteris and safety. and an infrastructure fund as a financial managed to create a favourable climate 17,000 employees, that manages more responsibility? has other programmes that concentrate partner (Brookfield). What are the advan- for signing agreements that are sustain- Indeed, social responsibility is one of the on respecting the environment and the tages of this type of company? able and at the same profitable for the three central axes of our strategy; it is health of users, as well as major sponsor- Partners with financial strength, proven shareholders and the company. present in all of our decisions and forms ship in the areas of culture (sponsorship experience in the sector, a global presence n n n The Federal Government part of our DNA. We can highlight as an ini- of the Bolshoi Ballet School in Joinville, and long-term vision, such as Abertis and In your opinion, do you believe that any is preparing an tiative the Projeto Escola, which began over Ribeirão Preto Symphony Orchestra and Brookfield, make it possible to enhance there is any resistance in Brazil to the idea ambitious new 10 years ago and won an award from the the Dalí Exhibition in Río de Janeiro and and provide stability for the work of the of paying to use the roads? infrastructure plan UN. Its purpose is to educate young drivers São Paulo) and sport. At Arteris we are Arteris management team, in a changing Brazil is not unaffected by the debate who learn not only the rules of the highway proud of this collaboration with our com- environment and one that makes it neces- surrounding the toll system, although the in which we hope to code but also work on learning such impor- munities, as well as the work of our more sary to be one step ahead and make deci- strength of the opposition is significantly play an active role” tant values as respect and politeness. Over than 1000 volunteers. n

26 n link abertis n JANUARY 2015 January 2015 n link abertis n 27 sustainability

Benefiting users and the environment Towards sustainable mobility Abertis is promoting measures in its toll road network to encourage regional mobility and make it more sustainable

Text and photos Abertis

Abertis is now the leading toll road been diverted from the N-II to the AP-7 toll operator in the world, with more than road, following an agreement between Aber- 8,300 kilometres managed in 11 countries tis and the Generalitat de Cataluña. Lorries through 28 concession companies. In Spain, that make the trip on the AP-7 between Abertis Autopistas is also the country's lead- Maçanet de la Selva and the French border ing operator in the industry, with almost are given a 35% discount on the toll charge 1,800 kilometres (59% of the network) and those that travel internally get a 50% divided between direct management (1,512 discount. Since this measure began to be kilometres) and investee companies (251 applied, 1.7 million lorries have stopped using kilometres). the N-II between Maçanet and La Jonquera, Over the last few years, Abertis Autopis- and accident rates have also been drastically tas España and the administrations granting reduced on this section. The number of concessions (the Ministry of Development and the autonomous governments) have reached cooperation agreements with just one objective: improving mobility on the abertis is now the leading roads in order to enhance communications toll road operator in the between regions. For this purpose, a series of world, with more than measures have been implemented to encour- 8,300 kilometres managed age traffic and reduce the accident rate on the roads. in 11 countries through 28 concession companies Diversion of heavy goods vehicles One of the most important agreements that the administrations have reached in order to reduce accident rates on the national roads abertis autopistas is to restrict heavy goods traffic on this type of road. The agreement with Abertis involves is actively cooperating diverting these vehicles to toll roads in with the transport exchange for discounts on toll charges. This industry to solve measure is already being applied on various Aerial view of the difficulties derived kilometre 18 toll roads in the Abertis Autopistas España of the AP-7. network. Since December 2012, in the Girona from the restriction area, vehicles with four axles or more have of heavy goods traffic

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Abertis Autopistas Spain with vía-t not only do Direct management of 1,512 kilometres and participation in the management of 251 kilometres drivers save time, they also consume less fuel Avasa 100% (294 km) Aulesa 100% (38 km) and contribute to

Bilbao Acesa 100% (478 km) the environment by Cadí Tunnel 37% (30 km) reducing co2 emissions León Astorga

AP-71 C-16 AP-68 Zaragoza Autema 24% (48 km) C-33 Real-Jerez section have been able to travel Henarsa 30% (62 km) Invicat 100% (66 km) C-32 free of charge. The same has been happening AP-6 AP-61 Iberpistas 100% (70 km) AP-2 Barcelona since 2010 for light vehicles that use the R-2 Vía-T on the Haro-Alfaro and Cenicero- Castellana 100% (51 km) Aucat 100% (47 km) AP-51 Madrid Agoncillo section of the AP-68. In the case of AP-7 Trados 45 50% (14 km) R-5 Catalonia, on 1 January 2012 Abertis began Accesos de Madrid 35% (63 km) Valencia to apply a new discount system on the toll roads owned by the Generalitat (C-32 and Ciralsa 25% (33 km) C-33), with the same objective of improving the management of mobility and making it Alicante more sustainable. The aim of the system is Seville to make the price per kilometre of toll road the same throughout the region and, at the AP-4 Aumar 100% (468 km) same time, it includes the introduction of a Cádiz closed system on certain sections so that users pay for the actual journey they are mak- ing. The measure is intended to attract high occupancy vehicles (HOV), low emission (ECO) vehicles and those that have to travel on a regular basis. To be able to enjoy the new fatalities decreased from 15 in 2012 to 4 in vehicles. Restriction of the number of lorries discounts intended for light vehicles, the use 2013. In addition, in the community of for light vehicles there travelling on these roads will help to reduce of a Vía-T device is necessary. Aragón, since January 2013, and thanks to a are also discounts the serious problems with congestion and new agreement between Abertis Autopistas traffic jams caused from Altafulla-Tamarit Discount programme España and the Ministry of Development, throughout the (Tarragona) to the north, an area in which a for lorry drivers heavy vehicles travelling from the N-II are autopistas de abertis toll high level of fatal accidents involving lorries In addition to all of these discounts, Abertis diverted free of charge to the AP-2 between road network in Spain is also recorded. Autopistas also offers the Truck Plan, a dis- the Alfajarín and Pina toll stations. Similarly, to improve traffic and count programme specifically for lorry driv- Images from the since December 2013 they have benefited Improvement of the ers who travel on its toll road network in used on toll roads, Vía-T can also be used in AP-2, top, and the C-32, above. from a 75% discount on the Alfajarín-Fraga reduce accident rates inter-regional connection Spain. This plan offers a monthly reduction certain car parks, making it easier to pay and Gallur (Tudela)-Zaragoza sections. For light vehicles, there are also various dis- of up to 13% on prices from the first euro without having to visit the payment machine. counts throughout the Abertis toll road net- charged. One of the advantages of the use of New agreements to work in Spain. Since 2009, in the community Furthermore, heavier-use professional Vía-T meaning that drivers do not have to reduce accident rates of Aragón toll road customers have been able customers have a premium programme, with interrupt their journey is that it allows users The Ministry of Development has recently to take advantage of discounts on toll charges, 50% discounts on stopovers at Truck Parks, to concentrate on their driving and go expressed its intention to apply discount which at the same time improve traffic on in selected hotels and at the Áreas and Autog- through the toll system with the utmost measures to other road sections that register the N-II and N-232 roads and reduce accident rill services located on Abertis Group toll roads. safety. With Vía-T not only do drivers save high accident rates. The N-340, as it runs rates. Similarly, the sections between Fraga- time, they also consume less fuel and con- through Tarragona, has been rated on more Alfajarín and Gallur-Zaragoza are free of Vía-T, essential tribute to the environment by reducing CO2 than one occasion as one of the state roads charge. On the AP-4 toll road, in order to for obtaining discounts emissions. At present, the safety and conven- with the most traffic jams and the one of the improve the regional connection to the met- To take advantage of the discounts the Vía-T ience that Vía-T represents means that the most dangerous in Spain, on which all fatal ropolitan area of Cádiz-Jerez de la Frontera, must be used. This is the most convenient transactions carried out with this payment accidents in 2014 also involved heavy goods since 2005 all types of vehicles on the Puerto payment system on toll roads. As well as being method come to almost 40%. n

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Francisco Reynés, CEO of Abertis, during his Debate on the sustainability of the sector interview. Solutions for the conservation of road transport assets

The 9th Conference of the Infrastructure Circle held at Castellet Castle discussed the application of payment per use as a way of remedying the lack of resources available for infrastructure maintenance

Text and photos Abertis

Ricard Font, stated that “we cannot get out of the crisis by using the same policies as those that got us into it”, although he Economic analysis of the first order acknowledged that the public administrations have a “limited budget situation”. In addition, he called for standardisation policies, through payment for use and separation of corridors, Restoring competitiveness giving as an example the prohibition of heavy goods traffic on the N-2 road in Girona. He also proposed earmarking the resources gen- British newspaper the Financial Times organised a conference in erated by payment for use for road mainte- Madrid for discussion attended by senior executives from Spanish nance, public transport and environmental measures. companies, including the CEO of Abertis, Francisco Reynés Along the same lines, the Secretary Gen- Text Abertis photo Financial Times eral for Infrastructure from the Ministry of Development, Manuel Niño, emphasised that “conservation is a priority for the Ministry”, Recovering the economy in the midst financial burden, quoting the example of case of toll roads, I can confirm that they are and that the public sector is making “an ongo- of the paralysis of the Euro zone and public-private collaboration projects. In his not paid off, because, amongst other things, On 10th October the annual workshop edged that Spain has a road network that is ing effort” in this area. In this respect, he rebuilding confidence in businesses in Spain. opinion, concessions –not only road conces- "they require maintenance”. organised by the Infrastructure Circle “very good compared to Europe as a whole” stated that, in spite of the crisis, “firm renewal These were the main matters discussed at sions– are a solution both for reducing debt Within the Abertis portfolio, emerging Foundation, the Abertis Foundation and the and admitted that the challenge is now to “keep programmes have been started up”. Regard- the Financial Times Spain Summit, sponsored –the government collects payment for the markets represent approximately one third of Cerdà Institute was held at Castellet Castle. With it maintained”. However, he recommended, ing the toll roads, he referred to the Ministry's by Abertis, which took place last October in long term transfers of the assets– and for the Group's revenue and Ebitda. For Francisco the title Sustainability and maintenance of road “not to get carried away by looking at the short- intention to continue to promote the policy Madrid. Under the title Restoring competitive- reducing public spending, from the time when Reynés, some emerging markets do not meet transport assets, this was the ninth edition of term only; otherwise, in 10 years time it will be of toll reduction for heavy goods traffic and ness, the conference saw the participation of the maintenance of these assets changes the optimum conditions for developing a con- the meeting, which was part of the celebrations much more expensive for us”. According to the an increase in light vehicle traffic. Spanish Prime Minister, Mariano Rajoy, and “from a public deficit to a matter for a private cession business (referring to countries in Asia for the 10th anniversary of the Circle. President, the fall in tax revenue will affect the During the closing of the meeting, the senior executives from Spanish companies, company”. The CEO also wished to emphasise and Africa). “When the day arrives that we have The theme chosen this year discussed development and maintenance of the network, Managing Director of Abertis Autopistas at the such as the CEO of Abertis, Francisco Reynés; legal security as a “starting point for long term these conditions, we will look at other countries”. matters relating to investments that make which could ultimately reduce road safety lev- time, Josep Lluís Giménez, said that he was in the President of Repsol, Antonio Brufau, and investor confidence” and a solution that cov- The meeting was closed by the Minister it possible to guarantee the sustainability of els. In this respect, he advised the general intro- favour of including innovation in the continu- his counterpart at Indra, Javier Monzón. ers public-private collaboration. of the Economy, Luis de Guindos, who road infrastructure and its value as an asset, duction of payment for use on the high capac- ous improvement of toll roads, looking towards When interviewed by the Financial Times, acknowledged that, while the atmosphere ensuring the functional services of the net- ity network, because “it generates resources their use in the future, especially in terms of Francisco Reynés advocated maintaining Payment for use and ‘emerging markets’ at meetings of the International Monetary work in terms of mobility, safety, energy and better social understanding”. road safety. Furthermore, he considered the competitiveness in infrastructure, a sector in Asked about the matter of payment for use Fund (IMF) and the World Bank is not exces- efficiency, conservation of the vehicle popu- investment possibilities offered by public- which Abertis “can add value”. As for the meas- of the infrastructure, Reynés stated that “we sively optimistic, “the new occurrence in lation and technological development. Standardisation policies private collaboration to obtain new forms of ures that the Government should take to have to explain that equations of ‘completely Spain is that for one year, new credit flows In his speech during the opening, the Meanwhile, the Secretary for the Region and investment in the upgrade and improvement reduce its debt levels, the CEO defended alter- free of charge’ in any area of business life are to families and SMEs have been at positive President of Abertis, Salvador Alemany, acknowl- Mobility at the Generalitat de Cataluña, of the road transport network. n natives that could lighten the government's impossible by definition”. And, in the specific interannual growth rates”. n

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Meeting of corporate and business leaders which was held in Toledo, brought together the He especially emphasised the need for a decisive main leaders of the corporation and the com- The CEO encouraged attitude that would make it possible to clearly pany's businesses, who had the opportunity to senior managers to define the objectives of the new structure of find out about the new challenges for the future Abertis and move forward with responsibility, Abertis holds the 5th edition in the different countries in which the Group adapt to the new commitment and motivation to maintain excel- operates, currently 12 of them. The CEO of scenario being lence and continue to make Abertis a reference Abertis, Francisco Reynés, presented to those outlined in the company company at world level. n of the Global Gathering attending the 2015-2017 Strategic Plan and the new business model that the company will In order to share the company' s new follow, emphasising its industrial role, the com- For the two days of the conference, managers were given lines of strategy and continue to promote mitment to efficiency, financial discipline in new the opportunity to get to know about the company's cohesion as a Group, last December the Abertis acquisitions and shareholder remuneration. The future challenges senior management team held the fifth edition CEO also encouraged managers to adapt to the of the Global Gathering (5th International new scenario being outlined in the Group, as Text and photos Abertis Executive Leadership Meeting). The meeting, well as the tools that will help in approaching it.

The Global Gathering included various presentations from Group executives. Below, all those who took part in this edition.

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Awareness campaigns Arteris and Abertis Autopistas Chile, towards responsible mobility The Abertis Group concession companies in South America are promoting road safety campaigns in order to reduce the accident rate on their toll roads

Text and photos aRTERIS/Abertis CHILE

Abertis Chile y Arteris, the largest sion companies took part in the campaign, as technologies and strategies to promote safety Abertis subsidiaries in Latin America, well as the Arteris concession companies that on Brazilian toll roads. are continuing with the Group's active safety operate in the state of São Paulo: Autovias, policy, which promotes good driving on all Vianorte, Intervias and Centrovias. Reducing fatal accidents by 50% of the toll roads that it operates. To do this, Concern about safety is present in the eve- they have started up a programme with ini- Reinforcement of the campaigns ryday work of Arteris and its concession tiatives aimed at encouraging more respon- Arteris also launched the Viva campaign, companies. As part of the Decade for Action Presentation of the You have one life sible mobility and thus reducing the number which introduced special actions to raise on Road Safety, a programme created by the left campaign with the Director of the Abertis Foundation, Sergi Loughney of accidents on toll roads. awareness among drivers, truckers, motor- United Nations (UN) which is aimed at pre- (centre, back); the Chilean Minister for An example of this was the campaign cyclists, cyclists and pedestrians. Company venting and reducing accidents on the roads Public Works, Alberto Undurraga, and the launched by Arteris, the Abertis subsidiary in employees distributed leaflets at the toll between 2011 and 2020, in 2013 the com- Abertis Corporate Communications Manager, Juan María Hernández Puértolas (right). Brazil, which organised various events through- booths with information about wearing seat pany created GERAR –Strategic Group for out the month of September to raise aware- belts, keeping within the speed limit and the the Reduction of Accidents–, the purpose of ness among drivers and pedestrians of the risks of using mobile phones or consuming which is to reduce by 50% the number of consequences of traffic accidents. The actions alcohol while driving. fatalities on the toll roads managed by Arteris. Abertis in Spain. Members of Corre Conmigo formed part of the Arteris Safety Month and The company will extend the periods are responsible for distributing the information ‘You have one life left’ they were carried out simultaneously on 21 during which the campaigns are carried out. Widespread coverage on social media leaflets about the campaign to drivers as they toll roads operated by the nine concession “The aim is to promote activities for well- In Chile, Abertis has also been promoting its pass through the toll booths. The campaign is The campaign presented in Chile The Foundation, which acts in social, companies that the parent company manages. being, health and safety on toll roads, so that campaign to encourage road safety on the toll also backed up by widespread information on forms part of the You have one life left environmental and cultural areas, The initiative was carried out in coordi- customers will become aware of the impor- roads that the company manages in this Andean social media, advertising in the media and programme, which has been carried is one of the corporate social nation with National Traffic Week, which took tance of looking after themselves, their country. In this respect, a new edition of the hoardings distributed along the various Aber- out by the Abertis Foundation responsibility responses of Abertis, since 2010, as part of its strategy a leading international group place between 18 and 25 September. “Safety families and other drivers”, explained the You have one life left campaign was presented, tis toll roads in Chile, where messages are to promote road safety and reduce in the management of toll roads and is part of our DNA and we believe that con- Arteris Corporate Responsibility Manager, aimed at raising awareness among drivers of shown warning about the danger of becoming the number of road traffic accidents. telecommunications infrastructure tact with users is the best way to further Maria Michielin. the consequences of traffic accidents. As a nov- distracted while behind the wheel. Some of the activities include support (terrestrial and satellite). reduce the number of accidents on the roads”, In addition, the Escuela Arteris Project, elty this time, the amount of information emit- The campaign presentation took place in for research, organisation of scientific said the Managing Director of Arteris, David an initiative that brings road safety education ted via Twitter and the social networks will be five Abertis concessions in Chile coinciding with conferences, road safety education Díaz. “We have invested millions in improving to schools, will launch a cultural competition increased, in order to reach a younger audience. the celebration of the National Holiday. Present in schools and awareness campaigns. the roads and in educational activities to on road safety. This campaign has the support of the at the act were the Minister for Public Works, reduce the accident rate but we know that, The Arteris Safety Month ended with Corre Conmigo Foundation, which helps with Alberto Undurraga, who reminded everyone for the good of everyone, drivers have to make the holding of the 1st Arteris Safety Forum. social reinsertion of people who are disabled of “the responsibility of the concession com- a contribution to promoting safety”. The event took place on 30 September in São as a result of suffering a traffic accident. This pany in combating accidents through its many The Autopista Fernão Dias, Autopista Régis Paulo and brought together road safety foundation is one of several, such as the Gutt- road safety campaigns” and called for mod- Bittencourt, Autopista Fluminense, Autopista authorities and experts from Brazil and other man Institute or the National Hospital for eration from drivers at a holiday time when Litoral Sul and Autopista Planalto Sul conces- countries to discuss the adoption of new Paraplegics in Toledo, which cooperate with alcohol is the main danger on the road. n

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Historical balance sheet of a key infrastructure element The Cadí Tunnel, 30 years connecting the region At 5 kilometres long, its opening made a decisive contribution to the development of the area with a link that is fast, safe and kind to the environment

Text Tunnels/Abertis photos Túnels de Barcelona i Cadí

Arteris will duplicate The agreement includes the execution of a new structure a 14-kilometre section of the SP-318 toll road in the state Abertis extends the of São Paulo. period of one of its

Above, the former Managing Director of Abertis Autopistas España, concessions in Brazil Josep Lluís Giménez, and the conseller for Territory and Sustainability, Santi Vila.

Arteris, the Abertis subsidiary in Brazil, will invest 91 another contribution from Arteris to the Last November saw the 30th anni- BTG recently sold 65% of the holding In harmony with million Brazilian reals (30 million euros) in exchange region, which already has the best toll roads versary of the opening of the Cadí it had in Túnels de Vallvidrera y Cadí to the environment for a six-month extension to the Autovías concession in the country”. Tunnel, the second longest in Catalonia, at French investment fund Ardian. The fact that it had to pass through the As a result of this agreement, the 5 kilometres long. It has been one of the key Natural Park of Cadí-Moixeró determined Text and photos aRTERIS Autovías, SA concession period will be infrastructures in connecting the region, by New social and economic situation its design and construction, integrating an extended by an estimated period of six offering a route between Barcelona and the The economic impact of the Cadí Tunnel infrastructure of this size in harmony with Abertis, through the Brazilian sub- service to a population of 1.5 million people months, now ending in May 2019. Central Pyrenees that is fast, safe and has been of the first order as it has made a its surroundings, based on respect for and sidiary controlled by Arteris, Autovías, in the São Carlos, Araraquara and Ribeirão The extension of the Autovías, SA con- respectful of the natural environment into decisive contribution to the conversion to protection of the environment. SA, has reached an agreement with the State Preto regions, and is expected to generate cession period demonstrates Abertis' ability which it has been built. the tertiary sector of a region that depended, Since it was commissioned, work has of São Paulo Transport Regulation Agency almost 360 direct jobs and 450 indirect to create value for its shareholders through In December 2012, the consortium until the opening of the tunnel, on the pri- taken place to reach maximum quality and (ARTESP) for the execution of a new project jobs. According to David Díaz, Managing renegotiation of contracts via agreements formed by the Brazilian investment bank mary sector. The development of tourism, safety levels carrying out major investments that will double a 14-kilometre section of Director of Arteris, “the project will increase that are of mutual benefit to the administra- BTG Pactual and Abertis reached an agree- the promotion of winter and mountain in order to improve the service of the infra- the SP-318 toll road in the State of São safety for toll road users and will organise tions granting the concessions and the ment with the Generalitat de Cataluña for sports and the proliferation of holiday homes structure. An example of this was the con- Paulo, worth 91 million Brazilian reals (30 vehicle traffic”, and he added that “the concession companies. Furthermore, this is the tunnel management concession for a have transformed the social and economic struction of the service and evacuation million euros). This investment, which will region is one of the drivers of development an example that could mark future nego- 25-year period, in which Abertis will act as situation of the environment, especially the tunnel in 2008, with an investment of over be completed by June 2016, will improve in the State of São Paulo and this project is tiations with the administrations. n an industrial partner. Berguedà, Cerdanya and Alt Urgell regions. 20 million euros. n

38 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 39 toll roads TOLL SYSTEMS

Public-private collaboration contract New payment technologies on toll roads Sanef to manage Vía-T, now an urban toll easier with Abertis Autopistas, Cintra Infraestructuras road in Lyon and Itínere Infraestructuras make up the shareholder body of Bip&Drive, the first Vía-T issuer in Spain promoted by the toll road concession companies

It is a 10-kilometre urban road, essential Text an photos Abertis for the city's mobility and energy

Text aBERTIS photos SANEF Since October Vía-T, the toll payment system for Spanish toll roads, has had a new single issuer on the national market, the Bip&Drive device. The company is owned Sanef, the Abertis subsidiary in France, The Boulevard Périphérique by Abertis Autopistas (50%), Cintra Infrae- Nord de Lyon sees 45,000 forms part of the consortium that vehicles per day on its structuras (25%) and Itínere Infraestructu- was awarded the tender for execution paid section. ras (25%), the three main operators in Spain. of the safety improvement works on the Bip&Drive was created for the purpose of tunnels belonging to the Boulevard facilities for 20 years, including the manage- This is a public-private collaboration increasing the penetration of this payment Périphérique Nord in the city of Lyon, as ment of the toll collection systems, a business contract by which Sanef becomes a long term method on toll roads in Spain, which has well as the operation, maintenance and in which Sanef has broad experience in coun- partner of the Lyon Administration. The now reached 38% of all transactions. The refurbishment of this road for 20 years. tries such as France, Ireland, Canada and the French subsidiary is the third largest operator challenge set by the new issuer is to distrib- The winning consortium –Leonord– is made United States. According to the contract, in in the country, where it manages 1,902 kilo- ute 150,000 devices and cover 10% of the up of Sanef, the Abertis subsidiary in France; exchange Sanef will receive an annual sum metres of toll road. Its revenue came to 1.56 market share by the end of 2015. the Fayat Group, and the FIDEPPP2 invest- of 10 million euros. billion euros in 2013. n ment fund (BPCE Group). Advantages and benefits The Boulevard Périphérique Nord de The Bip&Drive offer improves the distribu- Lyon is a 10-kilometre urban road that plays TSI strengthens its position after being awarded tion of the device, considerably lowers its an essential role in the mobility and energy the management of the Eurotunnel cost and facilitates access for drivers to of this French city, with 45,000 vehicles per service information. Bip&Drive can be day on its toll section and 85,000 vehicles Toll Solutions International (TSI), and in England, by providing obtained from the website www.bipdrive. on its two free sections. It has 6 kilometres formerly Sanef ITS and a the installation and integration com, where users can consult their details of tunnels that need to be upgraded to com- technological subsidiary of Abertis of toll booths and developing in the private area on any mobile device in France, was awarded the tender improvements in infrastructure ply with the new safety standards approved or by telephone. Another advantage of for carrying out the Eurotunnel through technology solutions following the accident in the Montblanc Vía-T is the possibility of optimising and project, which is intended to improve that should help to improve tunnel. the flow of the increasing goods goods entry and at the same having more control over costs through the The contract also includes the manage- traffic in this infrastructure that time reduce operating costs issue of a single invoice that contains all ment and maintenance of the road and its connects France and England. and traffic congestion. of the driver's payments for the month. In England a new five-lane toll This allows greater flexibility and speed in This contract is added to payment station has been built billing processes, especially for the self- the cooperation project recently for goods traffic, while in France employed and SMEs. signed between Eurotunnel the contract includes it will have six lanes, both and TSI in order to redesign Another of the main benefits of manual and automatic. the management and the lorry parking area Bip&Drive is that registration and the device maintenance of the road This project is an opportunity in Coquelle, in Pas-de-Calais, itself are free of charge and delivery is made and its facilities for 20 years, for Sanef to strengthen its position which includes the supply within 48 hours at no cost to the user either. in the access control and toll of facilities for lorry In addition, the device can be linked to any Abertis, Cintra including management of payment markets, both in France parking for a 10-year period. and Itínere make up bank and without any commitment to a the shareholder body the toll collection systems fixed term.n of Bip&Drive.

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Tordera toll systems 134 130

AS Palafolls

Santa Susanna 124 Malgrat de Mar Toll road standardisation plan Closed toll system on the north 122 Pineda de Mar Calella section of the C-32, in El Maresme Sant Pol de Mar Arenys de Munt 113 111 Canet de Mar Sant Andreu de Llavaneres 109 Arenys de Mar 108 Closed toll system in Access 105 Trunk toll area Argentona 100 103 104 AS Service area 99 Mataró Vilassar de Dalt 97 Actions on the C-32 operation on the C-32 95 Improvement of the road surface Premià de Dalt 94 Vilassar de Mar From 1st January, this toll road's customers will have reductions Alella 92 between Gavà and Viladecans: AS of up to 80% in the El Maresme and El Garraf regions 86 Premià de Mar The conseller for Territory with a budget of 1 MEUR, and Sustainability of the Generalitat, work began recently and B-20 218 El Masnou Santi Vila, together with the CEO of Abertis, will end next March. Text Abertis/Dept. Territory and Sustainability photos Josep Loaso Francisco Reynés, and the Managing Director of Abertis Autopistas España, Acoustic barriers between Sitges Barcelona Antoni Español (on the right). and Castelldefels: this work, On 1st January the virtual closed toll Sant Andreu de Llavaneres-Mataró Norte, million euros on the El Maresme section and which involves an investment system on the C-32 in El Maresme 31% between Cubelles and Calafell and 27% 0.44 million euros on the El Garraf section. of approximately 850,000 euros, and El Garraf came into operation. In Decem- between Sitges and Segur de Calafell. will end next March. ber, the conseller for Territory and Sustain- This system, unlike other discounts, Maresme: The new system applies to journeys Acoustic barrier in Calella: ability of the Generalitat, Santi Vila, together includes all types of vehicles and is applied on the Mataró-Palafolls section (as far as the The installation of an acoustic with the CEO of Abertis, Francisco Reynés, every day of the week, both on working days GI-600 road), from the C-32. Specifically, it barrier is planned on the C-32 presented this system, through which users and on public holidays. To benefit from this, covers the Sant Andreu de Llavaneres and toll road connection with the N-II pay for the actual journey they make. The users must have a Vía-T system. in addition Sant Vicenç de Montalt entrances, the Arenys road. The work has a budget measure forms part of the plan for stand- to these discounts, those applied for regular barrier and entrance and the Santa Susanna of 225,000 euros and will be ardisation of the toll roads in the Generalitat users, low emission vehicles (ECO) and high barrier. For example: a car with Teletac travel- completed by the end of February. network, which is being applied by the Gov- occupancy vehicles (HOV) will continue to ling from Mataró Norte to Canet de Mar Acoustic barrier in El Masnou: ernment and Abertis to achieve greater fair- apply. Furthermore, the current internal routes (Arenys de Mar Norte barrier) will change The work will consist of the ness in the region. on the C-32 toll road will remain free of charge. from paying the 2.27 euros currently charged installation of an acoustic barrier This plan already took the form last To implement the new system, the con- to 1.37 euros under the closed toll system, on the C-32, in El Masnou, with January of the application of discounts on cession company has installed a set of gan- giving a discount of approximately 40%. a budget of around 59,000 euros. these toll roads: 10% on the C-32 between tries at the various entrances to detect and Acoustic barrier in Montgat: Montgat and Mataró, 30% between Castell- identify vehicles passing through that have Garraf: The new reductions will apply to the The work has a budget of defels and Sitges and 26.5% between Sitges the Vía-T payment system. This system rec- internal routes between Cubelles and El Ven- 125,000 euros, and it will start and El Vendrell. Now, Abertis (through Aucat ognises the actual route of each user, without drell, including the Cubelles barrier and entrance 14% less. It should be taken into account that various actions for improving the accessibility at the beginning of the year and Invicat) and the Generalitat are going one any physical barriers, and automatically cal- and the Calafell entrance. For example: a car in 2013 the price was 3.84, thereby making of the toll road in the Mataró and Sitges area, and end next February. step further in this plan with the implemen- culates the amount due for the journey made. with Teletac travelling from Sitges to Calafell the reduction since then 36%, or one third. for which the plans have just been presented. Improvement of the road surface tation of a new closed toll system on the C-32 The work has included the integration of (Cubelles barrier) will change from paying the in Castelldefels: This action, which between Mataró and Palafolls and between the gantries in the existing electricity and fibre 2.85 euros currently charged to 2.45 euros, i.e. Improvement work in progress Improvement of the Argentona-C-60 and will start soon, has a budget of Sitges and El Vendrell, which will involve toll optic network by laying new lines or making Moreover, the Aucat and Invicat concession Mataró Oeste connections: work will begin almost 224,000 euros. The work reductions that can be as much as 80% on use of existing ones. The work currently in Sant Boi companies are carrying out improvement work in mid-2015 and will have an estimated will be completed in February. the Sant Vicenç-Arenys route, 60% between progress has involved a total budget of 1.26 on the C-32 at various places in El Maresme investment of 12 million euros. The main Barcelona Viladecans and El Garraf, as well as on the C-31, which purpose of the remodelling of these two con- Gavà have a budget of approximately 2.5 MEUR. nections is to improve connectivity, traffic Closed toll system on the north section of the C-32, in El Garraf 48 The tasks that will be carried out will flow and road safety and, at the same time, The economic and social growth of the 47 mainly consist of the installation of acoustic encourage internal mobility in the city cen- towns in El Garraf, through which the C-32 42 46 Castelldefels barriers to improve the integration of the tre of Mataró and nearby towns. toll road runs, makes this road a basic artery Sant Pere de Ribes 41 Les Botigues 21 28 infrastructure in its surroundings and will also of the communications network, which has a 26 30 31 include the renewal of the road surface on a Improvement of the Sitges Centre junction high impact for its users and the development 16 Sitges section of the C-32, as well as actions for The project consists of improving the Sitges of the surrounding towns. Therefore, this action, AS El Vendrell Vilanova i la Geltrú improvement on the C-31. Centre junction, on the C-32 toll road, and which will be carried out by the concession 10 Tarragona Lleida 6 13 forming a new lane on the roadway heading company, has three goals: improving access 3 Access 2 Cunit Trunk toll area Planned actions towards Barcelona to promote road safety. The to the Mas Alba industrial estate in Sitges, Calafell Segur de Calafell AS Service area The investment plan until 2016 agreed between work has an estimated investment of 8.7 mil- increasing the toll road's capacity and service Aucat and Invicat and the Generalitat includes lion euros and is expected to begin in mid-2015. level and improving road safety. n

42 n link abertis n January 2015 January 2015 n link abertis n 43 satellite tv

the need to install complex systems in tion of different programmes on several homes. screens, which extends the possibilities for 25th anniversary Hispasat will work to encourage man- watching TV in the home for all users who of Hispasat ufacturers to adopt SAT>IP technology, to wish to enjoy high quality content via sat- Since its creation in 1989, Hispasat develop compatible hardware and software ellite on their IP devices. has become a global reference player and to collaborate in the start-up and in the satellite communications improvement of the SAT>IP communica- Change of board members at Hispasat industry, offering extensive coverage tions protocol. Abertis has changed three of the nine board in Europe and Latin America. “We are convinced that the distribution members that it has at Hispasat, due to the On 23 October, the company of content received via satellite to multiple changes introduced in the structure of the celebrated its 25th anniversary with IP devices in the home provides significant concession group under its new strategic a concert in the Teatro Real in Madrid. benefits for users, satellite operators and plan and in view of the forthcoming public The event was presided over by the broadcasting industry. Indeed, Hispasat offering of Telecom Terrestre. His Majesty King Felipe VI and was a pioneer in research and the develop- The new members are Jordi Lagares, was attended by the Minister ment of a solution for IP distribution in the Corporate Director of Risk Control and Inter- for Industry, José Manuel Soria, home via the Saturno project, which began nal Auditing at Abertis; Pedro Linares, Digital and other important members of the in 2010 and the conclusions of which were Dividend Director, and Joan Rafel Herrero, government, as well as directors from the aerospace, telecommunications presented last year", explained Inés Sanz, Human Resources Director, who replaces and television industries. Hispasat presented its Customer Engineer Manager at Hispasat. Lluís Deulofeu, who was appointed Manag- new SAT>IP technology “And we also believe that having a single ing Director of the French toll road sub- Hispasat President, Elena Pisonero, in Amsterdam. standard is essential for the development sidiary, Sanef, and Sergio Tórtola and José said in her speech that the creation of these solutions. This is why we want to Manuel Aisamancho, who are associated ofthe company was the answer contribute to the adoption of the SAT>IP with the Abertis Terrestrial Telecommunica- to “the collective dream of driving Higher broadcasting capacity forward a project that would serve well as in its transatlantic capacity. Hispasat protocol in the industry as a whole”. tions area. Meanwhile, Telecom Terrestre as a motor for the national space continues to extend its service offer through SAT>IP technology, which was pre- has become a corporation, changing over industry” and she thanked the rollout of new interconnection and sented for the first time in 2012, converts from the limited liability company that it Salvador Alemany and Francisco Hispasat extends transmission points. At present, this power- the satellite signal to IP format in the was until the present, as a step prior to its Reynés, President and CEO of ful network has access points in Madrid, receiver antenna or in a SAT>IP server con- forthcoming Initial Public Offering (IPO) of Abertis, respectively, for“their London, Hawley (US A), Budapest, Sofia and nected to the router in the user's home. This shares. Abertis made these changes follow- ongoing support in building Tel-Aviv. technology contributes to simplifying home ing the launch of the new Strategic Plan on 0a project that is increasingly its TV distribution Hispasat can therefore offer great flex- installations and allows simultaneous recep- 30th October. n professional and successful”. ibility for all audiovisual content producers that wish to transmit their signals, either services directly to users (DTH), or indirectly, trans- porting their TV channel to cable or ter- restrial broadcasting hubs. It is also possible The operator is launching new TV distribution platforms to broadcast in both DVB-S and DVB-S2 and providing TV channels with the infrastructure necessary format, which not only optimises transmis- to be able to make the most of the power of its satellites sion in terms of power, but also in terms of bandwidth consumption. Text and photos hispasat Internet TV for tablets Hispasat is increasing the number of without the need to contract the full capac- and smartphones shared digital platforms available in ity of a transponder, because it allows them Spanish satellite communications operator its fleet. These platforms allow the transmis- to broadcast at full power and use smaller Hispasat announced in Amsterdam, at the sion of individual audiovisual channels antennas for reception within the wide cov- IBC (International Broadcasting Convention) within digital multiplexes, sharing the carrier erage of its fleet. that it has joined in the efforts to implement with other television companies. In this way, To start up this service, Hispasat has the SAT>IP standard (satellite>Internet its customers can make the most of all signed various agreements with the RRsat, protocol) and extend this communications power from the transponders of its satellites Overon and Telefónica Servicios Audiovis- protocol to companies worldwide. SAT>IP even though they do not fully occupy them. uales teleports, all on its orbital position at is an innovative technology that converts This service represents a major advantage 30º west. These infrastructures are available satellite signals into IP signals to be able to for the smallest TV channels that wish to on the connections offered by its satellites distribute them to domestic devices such distribute or broadcast audiovisual content over Europe, America and North Africa, as as tablets, smartphones and laptops without

44 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 45 smart cities

Smart City Expo World Congress 2014 The Internet of Things network has over Front view of the Towards an intelligent 1,200 active locations Abertis Telecom in Spain and is the stand at the Smart City Expo World largest network dedicated Congress 2014. urban model to the IOT in Europe Abertis Telecom technology solutions optimise resources, the Mobile World Congress, has already been rolled out all over Spain and now has over predictive management. In addition, this city promote environmental sustainability and provide data 1,200 active locations, thus making it the concept is committed to the economic ener- to facilitate urban operability largest network dedicated to the IoT (Inter- gisation of the business fabric and adapts to net of Things) in Europe. the new habits and needs of the citizens of Text and photos ABERTIS TELECOM Abertis Telecom has opted for an urban today. infrastructure management model in which Abertis Telecom once again took part The proposal for this congress was both active (fixed communications networks Other ‘smart city’ projects in the Smart City Expo World Congress. mainly concentrated on offering the optimum and wireless internet access networks) and promoted by Abertis Telecom This year, the company has continued to opt framework and tools to soundly set up a more passive infrastructure (rooftops and street In recent years, the company has developed for innovative ICT solutions (information and efficient management model in cities and, furniture) constitute the key to the full devel- various projects to promote and consolidate communication technologies) that promote at the same time, to give citizens public serv- opment and rollout of the smart city concept the intelligent urban model. Among them the development of cities through technol- ices to improve and facilitate their everyday Abertis Telecom technology solutions are the three LivingLabs promoted (Barcelona, ogy applications to improve urban manage- life in the urban environment. applications optimise resources, promote Torrent and Tres Cantos) know as smart zones, ment and mobility, as well as wi-fi accessibil- The Internet of Things network, which environmental sustainability and provide which are areas for testing technology solu- ity and connectivity in cities. was presented at the most recent edition of data to facilitate urban operability and its tions for the new city model. n

Applications that Abertis Telecom presented at the Smart City Expo World Congress

Smart Parking. Abertis Telecom infrastructure, such as, for example, The SmartBrain platform. The City demonstrated the technology waste management solutions Operating System. The SmartBrain integrated with the first network and remote meter reading. It also platform is the Abertis Telecom dedicated to the IoT rolled out in presents various volumetric and Accenture response to the need Spain, which has allowed Barcelona sensors, sensors for temperature, for a city sensor platform that makes City Council to inaugurate an area reading, position, etc. integrated it possible to have a comprehensive, containing 500 intelligent parking with Sigfox IoT technology. multi-disciplinary tool shared by Abertis Telecom spaces in the Les Corts district. Passive urban infrastructure all public services to manage all technology solutions This is a real field test that allows are designed to management model. This model data (from sensors and actuators, Barcelona City Council to analyse facilitate urban involves making available to from the various public services, operability. the benefits of sensor systems operators, whether in housing in terms of time and fuel saving, companies and institutions and mode or management mode and as well as reduction of CO from the social networks), available 2 maintenance of active elements emissions. This intelligent parking for the city corporation. Its purpose (small cells), the most appropriate system is already in operation is to improve the management of locations in the urban network in cities such as Moscow, all services provided in the (terraces, rooftops and all types Los Angeles, London, San Francisco, municipality and facilitate of street furniture) for rollout Indianapolis and Nice. the possibility of developing of their mobile communications Smart Waste management networks (3G/4G, wifi and others). new services, as well as increasing & Water metering. On its IoT Efficient and market-oriented interaction with citizens and visitors. network, Abertis Telecom also management that leads to It is a modular, open, flexible demonstrates various cases efficient decision-making by and scalable environment designed of application of this new the operators (time to market) to adapt to the needs of the local infrastructure dedicated to efficient and the generation of revenue administrations, irrespective of management of services and for the City Council. their size, and to grow with them.

46 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 47 new technologies

Extension of a public service The City is to triple its wifi coverage with technology from Abertis Telecom Barcelona and Eurona. extends its wifi network Wifi expansion plan in Barcelona ON PUBLIC TRANSPORT in the municipal markets and Abertis Telecom is making its Premium and Roaming Objective for the introduction of other Introduction of Barcelona advanced services. services available to the City Council, which will triple WiFi on buses and at the the number of wireless access points main metro stations. IN PARKS AND GARDENS Scope Objective Text and photos Abertis/Ayto. Barcelona Entire bus network Extension of Barcelona WiFi -Regular services: 1,030 in children's playgrounds and -Tourist bus: 70 other similar areas. -Microbuses: 30 Scope Barcelona has a new project to 7.5 million tourists that visit the city each 9 metro stations Includes children's play areas respond to the increasing need from year. Points and other points of interest the public for access to information on the The rollout of more wifi access points 1 wifi access point for buses in parks and gardens. move. This is a new public-private collabora- in the city will also allow the installation of (or two on articulated buses) 220 areas approximately. tion in the field of technology that will have interactive shelters where citizens can access and cover on the platform Points a positive impact on competitiveness, inno- public council services and process their in metro stations. 1 wifi access point vation and job creation. Abertis Telecom, administrative matters in the street. Benefits for the public in each area (on average). together with Eurona, will be responsible for -Barcelona WiFi service Benefits for the public managing the Premium and Roaming services, ICT technology capital on the move inside buses -Barcelona WiFi Service with after integrating the various wifi networks Barcelona has been a pioneer and leader in and metro stations. greater cover in the city, of the City Council into a single one with the making available to the public at all times -Easy access to specific especially in areas where information about the a lot of people are present. name Barcelona WiFi. the technologies present in the market to transport system and other -Connectivity likely to This project makes it possible to over- bring ICT closer to citizens and improve their informations about the city. provide service for the come the current connection limitations of quality of life, responding in advance to the conservators of the areas. the public wifi in Barcelona, which has legal requirements associated with the services IN THE MARKETS connection speed restrictions of 256 KB/s. that citizens require. Apart from the growth in size of the with technology and the new devices that Objective IN THE PORT By contrast, the Premium wifi service allows Wireless internet access is an opportu- Barcelona WiFi service, the new extension facilitate availability everywhere and imme- Introduction of fibre Objective higher capacity of up to 1 and 2 MB/s to be nity to make the city more attractive to its projects have the target of promoting the diate access to information. To do this, four and Barcelona WiFi in Extension of Barcelona WiFi contracted in exchange for payment. residents by offering them a high added value development of new service models and wifi major initiatives are being introduced in four the municipal markets. in the port area of the city. The Barcelona WiFi project expects to service that increasingly meets a need that uses within the various identified within specific areas of the city where a lot of peo- Scope Scope triple the number of wireless access points is becoming more and more widespread, their scope. ple are present continuously over time. Municipal markets throughout Port of Barcelona docks. in operation in the city and increase them which integrates the wifi service into tradi- The development of these four areas is the city of Barcelona. 11 docks in the Port 21 municipal markets. Points from the current figure of 664 to more than tional council services, such as water, waste Extension to everyday places divided into two phases: in the first phase, the Points 35 wifi access points in the Port 1,500 by 2016. This increase in rollout will or lighting. The aim is to avoid concentrating too many initiatives corresponding to the Parks and 6 wifi access points in each of Barcelona. 8 access points in take place through the introduction of wifi points in one or more districts and, at the Gardens area will be developed and the serv- market (on average) with the Moll Adossat and 27 more in buses, metro stations, parks and gardens, same time, to guarantee cover in the city so ice will be introduced on the bus system and fibre optic connectivity via points in the rest of the docks. as well as in municipal markets and the Port that users have a wifi point within a relatively in the metro stations, given that they are the Council corporate network. Benefits for the public of Barcelona. This is the largest public wifi The service will be short distance anywhere in the city. considered to be the areas that will maximise Benefits for the public -Extended cover of the Barcelona network in the country and one of the most extended to parks The extension of the wifi service to pub- the service offered to citizens and where the -Barcelona WiFi service inside WiFi service in the Port. the markets. -Specific services aimed relevant in mainland Europe due to its size. and gardens, markets, lic roads in everyday places around the city impact of the initiative will be more pro- This service will cover the demand for and public transport also respond to the need nounced. In the second phase, the two remain- -Fibre optic connectivity for at visitors to the city who Internet access in the Catalan capital, with a public transport to develop alongside market requirements ing initiatives will be implemented (municipal companies that have their business arrive by sea. potential market of 1.6 million residents and and the port and the new relationship that people have markets and the Port of Barcelona). n

48 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 49 Ávila

The walled city the city. Built from the late 11th century on jewels is the tomb of San Vicente, one of the the orders of Raymond of Burgundy, father of best examples of funerary art in the country. Alfonso VII, and Bishop Pelayo, the walls were Nearby is the Provincial Museum of Ávila, raised on a modest fortification from the which is housed in the former Palacio de los A trip to the Roman city of Obila, which was possibly con- Deanes, and the Church of Santo Tomé el Viejo, solidated in the Visigoth period. To appreciate built in the 12th century and considered one them in all their splendour and travel through of the best examples of Romanesque archi- medieval era time, the best thing to do is to pay the 3.50 tecture in Ávila. Not very far away is the Con- euros that it costs to enjoy a three kilometre vent of San José, a closed order of barefoot walk around their friezes and archways. Carmelite nuns which was built in 1562 and However you get to Ávila, the first thing that you have to do The interpretation centre for the walls is has the honour of being the first convent is go a little way along the Salamanca road until you get to the in the Casa de las Carnicerías, an ancient build- founded by Saint Teresa of Jesus. Madrid-Ávila, ing formerly used to store and distribute meat. Within the city itself and a few metres the fastest connection Cuatro Postes shrine on the outskirts of the city. This is where Close by is the defensive wall of the cathedral from the Cathedral we have the Palacio de los you can get the best views of the most medieval city in Spain apse. In the Gothic style but with numerous Serrano, a notable 16th century building which The AP-51 toll road connects the AP-6, Romanesque remains, it stands out due to its is now home to a cultural centre, the Palacio Autopista del Noroeste, as it runs through Text toni capilla photos Ávila tourist office and agencies main altarpiece, started by Pedro Berruguete del Rey Niño, built in the 13th century and Villacastín, with Ávila. It was opened on 6 November 2002 and is 24.4 km long. Ávila is a medieval, Renaissance and and completed by John of Burgundy, its secluded presided over by its imposing corner balcony The concession company for this toll modern city. A city that invites you to cloister, its monumental ambulatory and its on which a coat of arms sits, and the Palacio road, and for the AP-61, is Castellana take a stroll through it in search of its past and military aspect, emphasised by its crenellated de los Velada, a historic mansion dominated de Autopistas, from the Abertis Group. the mysticism of Saint Teresa of Jesus. By walk- tower, which is almost 43 metres high. by a square tower that has been converted To build it, the corridor of the section of ing around its Renaissance palaces. Or by into a four-star hotel boasting a remarkable the N-110 between Villacastín and Ávila discovering the legends of one of few Spanish Cradle of legends was made use of. The AP-51 is the second cities that still retains its splendid medieval On the other side of the walls is the Basilica longest toll road in the province after walls. Walls that outstandingly bear witness of San Vicente, one of the best Romanesque the AP-6, and during its busiest periods to the splendour experienced by the city dur- style constructions, not only in Ávila but in it can handle up to 10,000 vehicles per ing Middle Ages and make it into one of the all of Castilla y León. Legend has it that it was with their 2,516-metre day. Until September 2014, it recorded capitals of the Romanesque style, in a city built in the same place where, in the 4th cen- perimeter, their 88 elegant average daily traffic (ADT) of 6,602 vehicles a day (3% more than in 2013). filled with churches, convents, monasteries tury, San Vicente and his sisters Sabina and towers and their The summer months usually see the Panoramic view of the city and palaces. Cristeta were martyred. Legends apart, the nine gates, the walls highest traffic levels, especially in August. walls of Ávila, which bear The encompassing walls, with their 2,516- church was built between the 11th and 14th witness to the splendour are the authentic During the remaining months the traffic experienced by the city metre perimeter, their 88 elegant towers and centuries. Its extreme sobriety comes in con- is closer to the annual average. in the Middle Ages. their nine gates, are the authentic emblem of trast to the richness of its interior. One of its emblem of the city

Top, local festival at one of the nine city gates. Bottom, cathedral tower.

5650 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 5751 Ávila Visitor's guide How to get there Ávila is just over an hour from Madrid by train, with a number of services every day. By road, the best route is to leave the capital via the A-6 and then 1 4 take either the N-403 or the A-51 to get to Ávila. Getting around the city Ávila is a small city that you can walk around without too much difficulty. Driving and parking inside the city walls is usually difficult. The best option is to park your vehicle in one of the designated parking areas outside the walls. Where to stay 2 LAS MURALLAS Ronda Vieja, s/n. Tel. 920 35 31 65 www.hotelmurallas.com to the south of the walls A small hotel located between the walls and the is the convent of santa Basilica of San Vicente, it is one of the best situated hotels for enjoying the attractions of Ávila. From maría de gracia, where the hotel entrance there is one of the best alonso de cepeda sent panoramic views of the walls. From 60 euros. his daughter teresa in LAS LEYENDAS 1531 in order for her to Francisco Gallego, 3. Tel. 920 35 20 42 mature and be educated www.lasleyendas.es Hotel Las Leyendas is housed in a charming 15th century mansion that was restored at the start of this century. Despite its minimalist décor, sleeping Renaissance-style courtyard. Its use as hotel in one of its rooms makes you feel as though you is not inconsequential. In its heyday, King Car- are waking up in the Middle Ages. From 49 euros. los V and his queen often stayed at the palace. On the other side of the walls is the Santa Where to eat Teresa or Main Market Square, over which tow- LAS CANCELAS Calle de la Vida y de la Muerte, 6. Tel. 920 21 22 49 ers the Church of San Pedro, a place of worship http://www.lascancelas.com/ with elegant lines that faithfully follow the This old restored inn is in an unbeatable location 3 aesthetic precepts of the Romanesque style of for enjoying the very best of Castilian cuisine. The Cluny, France. With one major exception: the — 1 — 'patatas revolconas' with octopus are spectacular. In Gothic rose window added in the mid-four- built during the 17th century, by order of the Cuatro Postes the pauses between courses you can enjoy admiring Beyond the city walls teenth century. Nearby is the Monastery of Duque de Olivares, on the plot where the Shrine. the Renaissance courtyard with its wooden beams. Santo Tomás, the former summer palace built house that she was born in used to stand. The — 2 — Basilica of LOS CANDILES Beyond the city and its imposing you can also practise sports such for the Catholic Monarchs who never actually sober granite frontage conceals a Baroque San Vicente. Pedro Lagasca, 5. Tel. 920 21 31 02 walls there are many other things as windsurfing, water skiing or used it and donated it to the Dominican Order. interior in which there is a room containing — 3 — A place you simply must visit if you travel to Ávila. The monastery is an excellent example of Isa- some of the saint's personal effects. The build- Ávila Cathedral. to see and do in the province canoeing, El Alberche is so kind — 4 — Excellent cuisine, with large, delicious portions. of Ávila: as to water the fertile lands in belline Gothic and it has three cloisters. ing also houses the little garden she used to Torre de los Guzmanes. The best T-bone steak in the province is served To the south of the walls and outside the play in as a child. A small chapel marks the — 5 — here. Also highly recommended are the scrambled Sierra de Gredos. The writer Miguel which garnacha and albilla wine grapes, which give birth to world city is the Convent of Santa María de Gracia. place where the bedroom in which Saint Ter- Local festival eggs with foie and the spectacular house salad. de Unamuno defined it as the rocky on the city walls. heart of Spain and it is located in famous wines, grow in abundance. This was where Alonso de Cepeda sent his esa was conceived used to be. To find out more: www.avilaturismo.com daughter Teresa in 1531 in order for her to A few metres away is the Renaissance the south of the province. A good La Moraña. The best example way to get around it is by using the of a typical Castilian landscape has mature and be educated. The girl who would Torreón de los Guzmanes, the home of the 5 long-distance GR-10 walking route, to be found in La Moraña, a great become Saint Teresa of Jesus had her stay cut Ávila Regional Government. This tall tower was which crosses it from east to west. plain located in the north of the short in autumn 1532 by a serious illness that built in the 16th century and proudly displays In one of its towns, Navarredonda, province. During the Reconquest made her return home to her father's house. the coats of arms of the Guzman and Braca- is the source of the River Tormes, it was repopulated with converso The guardianship of the Abbess María Briceño monte families. Just in front of this is the which runs down on its way to the Muslims who left a legacy was an essential part of her education and her monument to another well-known person neighbouring city of Salamanca of countless churches in the decision to become a nun. The convent still from Ávila, Saint John of the Cross. Not very and to the Duero where it ends. Romanesque-Mudejar style, has the communion rail and confessional from far away is the Plaza del Mercado Chico, which El Alberche. This river runs through such as San Nicolás de Bari in the time when Saint Teresa lived there. was developed during the 16th century and a valley that is undeniably Madrigal de las Altas Torres or Continuing along the Paseo del Rastro stands out due to the 38 semi-circular arches attractive. In addition to the Santa María la Mayor del Castillo we reach the Gate of Saint Teresa, behind of its arcades. An ideal place to end the tour of numerous bathing areas in which and San Martín, both in Arévalo. which is the square named after the saint. the city and take a break in one of the typical There we can see the Convent of Saint Teresa, inns that are scattered around the city. n

52 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 53 environment

Commitment to biodiversity creation of a document collection about sus- tainability in natural spaces, as well as about environmental services in biosphere reserves and sustainability indicator networks. Abertis Foundation A database is also being created as part of North-South cooperation based on a com- pilation of publications on international coop- presents its lines of eration relating to biosphere reserves and Interview with Doctor Martí Boada, national parks in the Mediterranean region. In scientific coordinator of the project addition, seminars, meetings, educational pro- grammes, excursions and guided walks have Following the designation of Castellet Castle as the action to UNESCO been organised. new Centre for Biosphere Reserves of the Mediterranean Biosphere reserves are geographical areas Ecosystems, how do you rate the relationship between the Abertis Foundation and UNESCO for implementing The President of Abertis and the Abertis Foundation, Salvador Alemany, presented representative of different habitats on the the initiatives that were announced? in Paris the environmental study, protection and conservation activities that planet and they cover both terrestrial and the Foundation is carrying out at its headquarters in Castellet Castle marine ecosystems. In the early 1960s, We have taken a big step forward. This agreement places us in UNESCO began to select these natural areas a new framework, with an agreement between an international in order to conserve and protect their biodi- organisation, such as UNESCO, and a private institution like Text and photos Abertis versity, as well as promoting the economic the Abertis Foundation. This is the very first time that this type of process has happened and it is an innovative one, which and human development of these areas, could start a trend in the future. We have to understand that, The President of Abertis and the Aber- The unique location in which Castellet certification, which guarantees correct envi- research, education and the exchange of infor- in the context of the 21st century, with a completely different tis Foundation, Salvador Alemany, Castle lies and its rich biodiversity have led ronmental management and minimises its mation within a global network that now economic situation, we are starting with a new formula that announced at the UNESCO headquarters in to it being named as a Centre for Biosphere impact on the territory. contains over 560 biosphere reserves in 110 will contribute to protecting the environment with the most Paris the environmental lines of action that Reserves of the Mediterranean Ecosystems. countries. These were the first steps towards important cultural institution in the world. the UNESCO-Abertis Foundation will carry This designation will allow it to conduct in- Environmental initiatives the concept of sustainable development that How will Castellet Castle make a contribution to out in Castellet Castle, which was designated depth studies of the Mediterranean region. The planned activity schedule that is being we now know as the MaB (Man and the Bio- environmental protection? as a Centre for Biosphere Reserves of Mediter- In addition, the new centre has ISO 14001 developed at Castellet is focused on the sphere) Programme. n ranean Ecosystems last year. One of the main contributions that Castellet has to offer is the Salvador Alemany gave his speech facility itself, located in an area of the Mediterranean of great accompanied by Irina Bokova, Director Gen- ecological interest and with very modern and competitive installations. All of this in a historical and architectural setting eral of UNESCO, as well as the Spanish Sec- that is very relevant. In addition, another of its contributions retary of State for the Environment, Federico is that of decentralising, at least partly, the biosphere reserve Ramos. The event was also attended by the policy, which is an instrument for conservation of the planet. ambassador of the Kingdom of Spain to Thanks to the creation of the Mediterranean centre, studies UNESCO, Juan Manuel de Barandica; the will be conducted on the Mediterranean reserves, both director of the Autonomous Organisation of in the north and in the south. That is the other great news. National Parks (OAPN), Basilio Rada, and the How can business progress and caring for Scientific Project Coordinator, Doctor Martí the environment be made compatible? Boada. In the words of Salvador Alemany, “we The concept of conservation is a very broad one. The initiatives are very proud of the Abertis Foundation that are implemented for the biosphere reserve should be because, since it began, it has channelled introduced in such a way that environmental conservation can be made compatible with the economic energisation of the awareness of the environment and has pro- protected area and the communities that live in that region. moted its commitment to the environment, It is understood that the biosphere reserve does not impede supporting research, organising congresses productive activity processes but encourages them, even in the and conferences, editing publications, spon- local economies, and always with sustainability criteria. That is soring projects and offering its headquarters, the purpose of a biosphere reserve, making the conservation Castellet Castle, to institutions and projects of protected areas compatible with inhabited areas. The very such as this one”. concept of conservation has gradually been changing. The Director General of UNESCO, Irina The centre for biosphere reserves should be understood as Bokova, highlighted “the importance that an element for energisation, planning and enhancement of this public-private association has for In 2013, the headquarters of the Abertis Foundation local production and culture and sustainable tourism, in other was designated as a UNESCO Centre for Biosphere words, everything that characterises the 21st century. UNESCO as a pioneer in the area of bio- Reserves of the Mediterranean Ecosystems. sphere reserves”.

54 n link abertis n JANUARY 2015 JANUARY 2015 n link abertis n 55 ROAD SAFETY responsibility

On the path to sustainability Abertis now has its own CSR Committee Abertis has become a pioneering company by creating a CSR Committee on the Board Abertis Foundation of Directors Scenes from Text and photos Abertis FOUNDATION the campaign You have one life left. Committed to Last October saw the first meeting of the new Corporate Social Respon- sibility (CSR) Committee, the creation of which was approved by the Abertis Board young drivers of Directors. The purpose of this Committee is to analyse and resolve matters related to For the second consecutive year, a group of volunteers from Barcelona the Group's CSR and it is made up of Salva- dor Alemany (President), María Teresa Costa, and Madrid with spinal injuries warned young people about the dangers Susana Gallardo, Santiago Ramírez and of driving under the influence of alcohol and drugs Manuel Torreblanca. The non-member Sec- Castellet Castle, headquarters of Text and photos Abertis FOUNDATION retary is Josep Maria Coronas. the Abertis Foundation and the new UNESCO Centre for Biosphere Reserves The decision to create the specific Cor- of the Mediterranean Ecosystems. porate Social Responsibility Committee "was The Abertis Foundation once again Public Highways from Castelldefels Council, tutional Relations at CD Ilunion (ONCE at the initiative of the entire Board of Direc- promoted responsible driving among David Solé, and the chief of the Castelldefels Foundation), and the Red Cross Companies tors, aware of the need for companies to coordination between the activities of the members), the reduction of the number of young people. It did so for the second con- Local Police, Domingo López. and Youth Managers, José Carlos García and make a commitment to society and after Group and the Abertis Foundation. board members to 17 and the subsequent secutive year in the busiest night life areas Madrid also carried out this initiative Blanca Gallego, respectively. noting the increasing significance of matters increase in the number of independent mem- in Barcelona and Madrid. As part of the You at the end of November in the Barclays related to CSR within the Board of Directors CSR and good governance, bers, according to what is set out in interna- have one life left campaign, since 2009 the Center (Palacio de los Deportes) in coop- Abertis Foundation in recent years”, explained Sergi Loughney, intrinsically linked tional good governance practices. Foundation has been raising awareness eration with the City Council of the capital The Abertis Foundation has promoted this Director of Institutional Relations and the Matters related to good governance are of Furthermore, the new Committee is among young people about the dangers of Spain, CD Ilunion (ONCE Foundation) project aware of the need that exists in soci- Abertis Foundation. Abertis has therefore great importance at the meetings of the CSR a useful addition to the Group as a whole, that an irresponsible action could lead to. and the Red Cross. In this case, the purpose ety to be more conscious of the risks become one of the few Ibex companies in Committee. This serves to reinforce the lat- with the idea of also involving the subsi- In the case of Barcelona, the initiative took of the initiative was to encourage respon- involved in acting irresponsibly on nights which the CSR Committee focuses exclu- est progress made by Abertis in this area, as diaries in the future so that they can cre- place in Castelldefels and was supported by sible driving amongst the 9,000 young peo- out. This action forms part of the extensive sively on these matters. It is the result of is the case of the increase in the number of ate similar committees on their boards of a group of volunteers from the Guttman ple who were attending the Ed Sheeran Road Safety Programme that has been car- the Group's commitment to find the best women now on the Board (now four female directors. Institute in Barcelona with spinal injuries concert in the Palacio de los Deportes. ried out by the Abertis Foundation since effective instrument to offer greater impor- The creation of the CSR Committee is and volunteers from the Red Cross who Together with the volunteers, also in 2003, which includes the promotion of tance and transparency to matters related being warmly welcomed among the com- pointed out the consequences of driving attendance were the General Coordinator research, the organisation of scientific con- to the company's commitment to society. munity of analysts and investors –both insti- under the influence of alcohol or drugs or of Security and Emergencies from Madrid ferences, road safety education in schools From now on, CSR will have its own csr will have its own tutional and minority–, who are calling for of becoming distracted while behind the City Council, Emilio García; the Chief Inspec- and awareness campaigns. Specifically, this area for discussion and analysis in the heart area for discussion more transparency in the management of wheel. tor of the Madrid Municipal Police, Francisco action forms part of the awareness campaign of the highest decision-making body of and analysis in the heart the companies in which they invest and who The presentation was led by the Direc- Caletrio; the Director of Institutional Rela- You have one life left, which began in 2009 Abertis and will issue regular reports drafted increasingly appreciate the added value con- tor of the Abertis Foundation, Sergi Lough- tions at Abertis and of the Abertis Founda- and is aimed at young people between 18 on an ad hoc basis for presentation to full of the highest decision- tributed by the CSR to the actions and good ney; the councillor for Governance and tion, Sergi Loughney; the Director of Insti- and 30 years old. n meetings of the Board. This will lead to full making body of abertis corporate governance of a company. n

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Arteris sponsors a historic retrospective repositories of the artist's work: the Gala- Educational and social value Historic record in Río de Janeiro history of the Banco de Brasil Cultural Centre, Salvador Dalí Museum and the Reina Sofía In this respect, Abertis is repeating the expe- The Dalí retrospective, also sponsored by which hosted the show in the Brazilian city Foundation. It offers a unique opportunity rience of Río de Janeiro in the work of bring- Arteris, is already the artist's most visited between 29 May and 22 September, coincid- to raise awareness in Latin America about ing culture to the most disadvantaged people. exhibition in history. Almost a million people ing with the football World Cup held in Brazil. Dalí journey the work of Salvador Dalí, with special In Rio, with the sponsorship of Arteris, the (978,171) have visited the show, the highest This retrospective is the greatest collec- emphasis on his Surrealist period. Banco de Brasil Cultural Centre received a figure recorded in the world for an exhibition tion of original works of Salvador Dalí to travel David Díaz, the Managing Director of visit from a group of 480 children and teenag- of the work of the Surrealist artist. The show's to Latin America, with a total of 220 pieces ends in São Paulo Arteris, explained that “since the exhibition ers with intellectual disabilities. An initiative visit to the city of Río de Janeiro had almost –164 works of art and 56 documents–, which was presented in Paris, both Arteris and that will also be promoted in São Paulo with one million visitors, and it broke the previous made a special impact during the Surrealist the Abertis Foundation set themselves the goal the objective being for young people to also records registered in the Pompidou Centre period. The exhibition continued its journey The work of the The Dalí retrospective, sponsored by of getting the exhibition to come to São Paulo get to know about the Tomie Ohtake Institute in Paris (790,000) and the Reina Sofía around Brazil at the Othake Institute in São greatest exponent Arteris, the Abertis subsidiary in Brazil, too. We thus decided to support the Tomie and its exhibitions. The Managing Director of Museum in Madrid (732,000). Paulo, where it could be visited from 17 Octo- of Surrealism ended its travels around the world with its Ohtake Institute in its efforts to make this trip Arteris said that “initiatives like these are The Salvador Dalí exhibition is also the ber until early 2015, and where new visitor arrival in São Paulo following the success possible”, and he added that “the spreading of transformers for everyone and they remind greatest success recorded in the 25 years of records are expected to be registered. n arrived in the Brazilian achieved in Paris, Madrid and Rio de Janeiro, culture is one of the pillars of our work of cor- us about what is really important in life”, and city after visiting where it obtained a record number or visitors. porate social responsibility and we are very he added that “the greatest gift for all of us Paris, Madrid and It is the largest retrospective exhibition of satisfied to be able to participate in this expe- has been to be able to participate in an unfor- Rio de Janeiro, original works of Salvador Dalí to travel to rience. We are convinced that it will be another gettable moment like this and share the joy Latin America, with pieces from the two main success in terms of visitor numbers”. and the attention paid by the students”. where it became the artist's most visited exhibition the dalí retrospective, in history also sponsored by arteris, Hundreds of Text and photos Abertis is already the artist's teenagers with intellectual most visited exhibition disabilities visited the Dalí exhibition in history, with almost in Río de Janeiro one million visitors and São Paulo. Below, a scene from the opening of the exhibition.

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Unprecedented exhibition Environmental conference

The result of this decision can be seen in the work on display in the exhibition Joan Castellet hosts the prestigious Joan Miró works Miró, the force of matter, which was held until November in an art gallery covering almost Barcelona BioEconomy Forum one thousand square metres. arrive in Chile As with the exhibitions in Río de Janeiro The UNESCO-Abertis Centre was the meeting point and São Paulo, various schools took part in The show entitled ‘The force of matter’, sponsored the Proyecto Escuela, through which 200 of this international platform for scientific debate by Abertis and the CorpArtes Foundation, contains school children had the opportunity to visit Text and photos Abertis the artist's show and receive educational over 100 works by the Barcelona artist material provided by Abertis Autopistas n Text and photos Abertis Chile. The headquarters of the Abertis Foun- Nations Food and Agriculture Organisation resources of forest origin and ecosystem serv- dation, Castellet Castle, which is now a (FAO) and head of the Forestry Department. ices. The main objective is focused on the The new Centro de las Artes 660 in UNESCO Centre for Mediterranean Biosphere The Spanish Government Minister for Agricul- Mediterranean area and the southern hemi- Left to right, Mauricio Santiago de Chile opened its doors to Tuteleers, Commercial Manager, Reserves, hosted the 2nd conference of the ture, Food and the Environment, Isabel García sphere. During the conference lectures were the public with a major exhibition of work Communications and IR, Abertis prestigious Barcelona BioEconomy Forum Tejerina, presided over the opening day of the given by Martí Boada, scientific adviser to the by Catalan artist Joan Miró, entitled Joan Autopistas Chile; Sergi Loughney, (BBF), held from 27 to 29 November. The event Barcelona BioEconomy Forum, which serves Abertis Foundation and member of the ICTA- Director of IR and the Abertis Miró, the force of matter. This initiative was Foundation Abertis; Mónica Allés, was presided over by Salvador Alemany, Pres- as a platform for discussion with a scientific UAB; Rachanda K. Pachauri, President of the possible thanks to the cooperation agreement HR Manager, Abertis Autopistas ident of Abertis and the Abertis Foundation; basis and aimed at making decisions that bring Intergovernmental Panel on Climate Change between Abertis Autopistas Chile, the Aber- Chile; Jacqueline Plass, Josep M. Pelegrí, conseller of Agriculture, Stock- together senior business executives and man- (IPCC), and Antoni Trasobares, Director of Director of the CorpArtes tis Foundation and the CorpArtes Foundation Foundation, and Juan María breeding, Fisheries, Food and the Natural Envi- agers, scientists and other opinion leaders. Natural Resources and Biodiversity of the aimed at spreading art and culture in Chile. Hernández-Puértolas, ronment from the Generalitat de Cataluña, at This is the first event in a series of inter- Ministry of Agriculture, Stockbreeding, Fisher- This is an unprecedented exhibition made Abertis Corporate a conference coordinated by Eduardo Rojas- national biannual forums on the sustainable ies, Food and Natural Environment from the Communication Manager. up of pieces that have never been shown Briales, Deputy Director General of the United economic development based on renewable Generalitat de Cataluña. n together before. A total of 112 works in dif- ferent formats, most of which were produced in the 1960s and 1970s, belonging to the Fundació Joan Miró de Barcelona and the For wellbeing and quality of life artist's family's private collection.

The purest language of art The Abertis Foundation The items on display comprise 41 paintings, 20 drawings, 22 sculptures, 26 graphic works and cardiovascular research and three objects that were the inspiration for volumes present in the exhibition. As its The Foundation took part in projects that will shortly title suggests, the exhibition seeks to give an account of the importance that this Surreal- contribute to improving the health of the general public ist artist gave to matter, both as a means of Text CNIC/abertis photos CNIC experimentation and as an end in itself. By experimenting with the most diverse mate- rials and the most innovative processes, Joan The Abertis Foundation has once again dation is key in the transfer of the basic demonstrated the efficiency of administering Miró wanted to override the established rules made its own small contribution in its knowledge produced in the centre to society. a low cost medicine during the ambulance in order to achieve the purest language of commitment to all those initiatives that The Abertis Foundation provides a lot of journey to people who have suffered from a art. At the end of the 1920s he discovered contribute to the wellbeing and development help so that many of the projects on which it heart attack, thus reducing damage to the heart. that his creative ability could go much further of society. In this case, in collaboration with works can become reality. Shortly, one of them One of the basic pillars of the CNIC is the than traditional painting, its formats and the National Centre for Cardiovascular will be put into clinical practice: the polypill CNIC-JOVEN Training Plan. The Managing academic tools, and that he was capable of Research (CNIC), which is known for its excel- which is about to form part of the first aid kit Director of the centre, Doctor Valentí Fuster, challenging the limits of conventional media lent facilities and, especially, its human for Spanish people who have suffered a heart has made a firm commitment to capturing and create with whatever he had at hand. capital. All projects in which the CNIC is attack. They can use it to reduce the dose that talent at all stages of the educational process, This was how he set out to “kill painting” and involved require sustainable financing, and they need to take to avoid a second episode from final year high school students to post- began period of exploration with new mate- therefore the support of the Abertis Founda- and thus facilitate its adherence. The METO- doctoral researchers who are transferred to rials and media. tion and all companies in the Pro CNIC Foun- CARD study is another one, which has already the centre to follow the Training Plan. n

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Alain Minc, decorated with the Order of Civil Merit The President of Sanef, Alain Minc, was decorated with the Grand Cross of the Order of Civil Merit, which was awarded by the Minister of the Exte- rior, José Manuel García-Margallo last October at a ceremony held in Madrid. The event was attended by former Prime Min- ister Felipe González, the French Ambas- sador in Spain, Carlos Bastarreche, his counterpart in Paris, Ramón de Miguel, and Left to right, Director of various personalities from the Spanish Institutional Relations and business world. In his speech, the Minister Abertis, sponsoring Velázquez in Paris the Abertis Foundation, Francisco Reynés, at the APD praised Alain Minc's professional qualities, Sergi Loughney; Managing Director of Sanef, his human and intellectual capacities and Continuing with its policy of promo- Palais Museum from 25 March until 10 July Lluís Deulofeu; President In November, the CEO of Abertis, by a number of businessmen and members his active work in business both in France tion and dissemination of cultural this year. Born in Seville in 1599, Diego of Sanef, Alain Minc; Francisco Reynés, spoke at the latest of the Association, Reynés gave details of the and Spain. Since January 2012 the busi- values, Abertis, through its French subsidiary Velázquez was one of the greatest exponents President of the Grand Palais Museum, Jean-Paul edition of the business conferences organised Group's new dividend policy: “Our sharehold- nessman has been the chairman of the Sanef, is to sponsor the exhibition of the of Baroque painting and he is famous world- Cluzel, and Sanef by the Association for Progress in Manage- ers will benefit over the next few years from Board of Directors of Sanef, added to which work of Spanish painter Diego Velázquez in wide for works such as Las meninas and Las Communications ment (APD). Under the title Equity Story: the a constant and sustainable increase in the is his prestigious career as an adviser and Paris. The show can be visited at the Grand hilanderas. n Manager, Christine Allard. challenge of credibility, his lecture dealt with dividend, which will be 10% each year”. Fur- essayist on political, economic and com- the need for companies to work on an eve- thermore, he reminded his audience of the munications matters. n ryday basis on the creation of value as their intention to launch the terrestrial telecom- main commitment to their shareholders. munications division on the stock market, During the conference, which was attended subject to market conditions. n The IESE MBA is 50 years old

The Master in Business Administration (MBA) from the IESE business school Two Chilean toll roads win awards celebrated its half century. The celebration was held at the headquarters in Barcelona and was Two of the Abertis Autopistas Chile the Competitive Company Programme attended by former students, such as the CEO toll roads won awards from the in 2013. The award is for the purpose of of Abertis, Francisco Reynés, and the CEO of Mutua de Seguridad, thanks to the good providing public recognition for companies Gas Natural, Rafael Villaseca. The guests talked results obtained in the development of that excel in risk prevention management about their idea of what it takes to make a good and employee welfare. executive. “A good leader needs to have a good The two toll roads that won awards team behind him”, said the CEO of Abertis, who were Autopista del Sol, which was given called for common sense and teamwork in an Excellent rating (97%) in meeting the companies. The first MBA class started in 1964 standards of the Competitive Company with 31 students from Spain, Argentina, Colom- Occupational Health and Safety Programme; bia, the Philippines and Kenya, and it currently and Autopista Los Andes was rated as Very has a programme with 291 students from 57 Good with a score of 94%. Mauricio Tute- countries. The MBA from the IESE, a centre leers, Commercial Manager of Abertis directed by Jordi Canals, has become consoli- Autopistas Chile, received both diplomas at dated as the seventh best in the world and the a ceremony that took place last July in The CEOs of Abertis, Francisco Reynés, and Gas Natural, Rafael Villaseca, with the third in Europe, according to the ranking pro- Parque Araucano, Santiago de Chile. n numerals of the 50th anniversary of the IESE MBA at the commemoration ceremony. duced by the Financial Times. n

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Left to right: Luis Furlan, former Brazilian Winter road Minister for Development, Industry and Foreign maintenance Trade; Francisco Reynés, CEO of Abertis; Manuel de system la Cámara Hermoso, Spanish Ambassador in Brazil; Moreira activated Franco, Brazilian Minister for Civil From November to April, Abertis Aviation; Jesús Autopistas activates the Operational Gracia Aldaz, Winter Road Maintenance System to guar- Secretary of State for International antee the safety and comfort of clients who Cooperation and use the 1,500 kilometres of its road network for Ibero-America, in Spain. During the 2014/2015 campaign, and Paulo Cesar Campos, Brazilian over 560 professionals are available to deal Ambassador in Spain. with an emergency due to snowfall in order to ensure traffic continuity. These profes- sionals, who are distributed around 45 bases, are in permanent contact with the four operations centres active in the Abertis Autopistas network: Granollers (Barcelona), San Rafael (Segovia), Sagunto (Valencia) The aim of the Abertis and Logroño (La Rioja). Operational Winter Road Maintenance System is Selfies for by outstanding figures from the economic The aim of Abertis Autopistas is to main- to maintain the toll roads Abertis at the Brazilian and political sphere of both countries. Abertis, tain the toll roads in the best possible condi- in the best possible through Arteris, is the largest toll road opera- tion at all times, seven days a week. In cases conditions at all times. road safety LIDE Business Forum tor in Brazil, managing a total of 3,250 kilo- of severe weather, the company applies dif- The Minister for the Interior from metres in the country. The network represents ferent types of protocols for action, which the Generalitat de Cataluña has At the end of November, Abertis CEO organisation, held in Hotel W in Barcelona. a 17% share of the toll road market in Brazil. are defined at the beginning of the season started up a new road safety awareness Francisco Reynés took part in the 19th The meeting, the main purpose of which was With this acquisition in 2012 Abertis became and activated according to the weather fore- campaign Més seny menys víctimes International Meeting promoted by the Bra- to strengthen commercial and business rela- the world leader in the toll road concessions casts that the operations centres receive. n (more sense fewer victims). The purpose zilian LIDE-Grupo de Líderes Empresariais tions between Spain and Brazil, was attended industry, managing over 8,300 kilometres. n of the initiative is to encourage users to participate in #johipososeny (#yole- pongojuicio) by taking a selfie with two fingers across the forehead and share it try. “The development and maintenance of Recognition for on Twitter, Facebook, Instagram or What- Agreement between Metropistas systems that help us with the identification sapp. The aim is to make this gesture go and early correction of risks is part of the Abertis CSR viral along with its meaning as a symbol and Employment in Puerto Rico education and training that we offer and of prevention of road traffic accidents require from our employees and contrac- As part of the 10th anniversary of the and shared responsibility in road safety. Metropistas and the Puerto Rico aims to work to reduce the number of inju- tors”, stated Xavier Serra, Metropistas United Nations Global Compact Spain The Operations Centre Area has joined Occupational Health and Safety ries and diseases, as well as sharing health Operations Manager. on Social Responsibility, Abertis has been this awareness raising campaign by shar- Administration under the Department of and safety practices for the toll road indus- The company, a consortium that oper- recognised for its 10 years as a partner of this ing its photos on the @infoautopista Employment signed a Strategic Association ates the PR-22 and PR-5 toll roads, is lead- institution and for its firm commitment to channel. n Agreement in October to improve the safety ing the way in occupational health and the ethical values of the Global Compact. The of company employees and prevent acci- safety to improve the the welfare of employ- Global Compact Network is the largest vol- dents in the workplace. Gonzalo Alcalde, ees who work in the toll road industry. “As untary initiative on corporate responsibility CEO of Metropistas, said that the agreement always, we emphasise that road, occupa- and sustainable development in the world. “will greatly benefit road safety on our RP -22 tional and environmental safety are the Over the last 10 years, its task has been to and PR-5 toll roads”, by promoting safety main focus points for Metropistas to be able implement the 10 universal principles of and the commitment to promote compli- to offer users world level service standards conduct and action on human rights, labour ance with the health and safety regulations on the toll roads in Puerto Rico”, concluded Abertis is rewarded for its commitment to regulations, the environment and combating by all employees. This strategic agreement Gonzalo Alcalde. n the ethical principles of the Global Compact. corruption in all types of organisations n.

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New investor’s link broadcasting channels Results January-September 2014 at Sanef

Sanef 107.7 is the new Sanef Group radio station that custom- Abertis exceeds ers of the Sanef/Sapn network have been able to listen to since 1 July at any time of day, every day of the week. Sanef 107.7 offers traffic information, the best music expectations ranging from the eighties right up to date, news bulletins and in-depth reports from around the region. In addition, Sanef/Sapn customers can also receive traffic information every morning from 7 a.m. to 9 a.m. via the Twit- ter accounts @sanef_autoroute, @sanef_ groupe, @sapn_autoroute and @A14_ autoroute which also give information about the estimated time between Paris- Roissy, Nantes-western ring road, Arras- Lille and Collégien-Porte de Bercy. n ESPORG Forum

Sanef and Abertis manage controlled lorry park have set up an association, ESPORG, parking spaces for heavy goods vehi- whose members meet once a year. This year, cles, a service that is increasingly being used Sanef was responsible for organising the by customers with this type of vehicle. To forum, at which the safety levels in each of develop this service in Europe and share their the ESPORG lorry parks were discussed in experiences, the managers of this controlled order to share them later with customers. n

Abertis on the DJSI for the 8th year running

Once again, Abertis obtained a higher the maximum score in the categories of than average score in the three commitment to interest groups, as well as dimensions analysed: economic, environ- in environmental policy and in occupational mental and social. The company obtained health and safety for employees. For the 2014 review, the DJSI World investor’s P. 72 invited 3,395 companies, from which 319 Accelerated debt swap to improve were finally selected, which are positioned costs and as the companies that have the best corpo- investment rate sustainability criteria in the world. n capacity

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Consolidation of traffic in Spain and France Results January-Septem ber 2014 6% increase in revenue compared to same period in 2013 2,415 million euros, Ebitda (+11%). 560 million euros, net profit (+5%). 700 million euros Abertis presented its saved between accounts in London 2011-2014. for the first nine months of the year.

Abertis net profit was At the end of October Abertis pre- Effect of the exchange rates Brazil (+3.1%) and France (+2.3%), which Brazil together contribute over half of the up by 5% in the first sented its accounts for the first nine The results were affected by the impact of continue to development in excess of expec- company's income. in the case of Spain, months of 2014, which exceeded the expec- the exchange rates, which particularly tations. Also of importance is the improvement traffic increased by nine months reaching tations of the analysts, and in which the had an effect due to currency depreciation In the case of Spain, the consolidation in Group profit levels. This increase comes as 1.6%, which led to 560million euros Group achieved positive results in all of its both in Chile and in Brazil and Argentina. of the change in trend was confirmed, a result of the growing effect of the efficiency main figures, both in revenue (+6%) and Discounting the effect of the exchange with positive figures between January and plans, which are expected by the end of the best third quarter Text ABERTIS photos ABERTIS and agencies Ebitda (+11%) as well as in net profit (+5%). rates, Abertis results for this period increased September, a period in which traffic increased year to have achieved total savings of more since 2007 The period was marked by an improvement by 11% in terms of revenue and 15% in by 1.6% and which led to the best third quar- than 700 million euros for the 2011-2014 in global traffic, which consolidated the Ebitda. ter since 2007. period. positive trend seen in Spain since the start The average daily traffic (ADT) on Furthermore, progress continues in the of 2014. The Group net profit is around 560 the Group toll roads as a whole grew by internationalisation of the Group. Foreign Active balance sheet management million euros, i.e. 5% higher than for the same 2.2% in the first nine months of the year, business now accounts for more than 60% During this period, Abertis has been able to period in the previous year. with notable increased in Chile (+4.4%), of the Group's consolidated total. France and take advantage of the good conditions in the

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Significant events during the period

February May July -Abertis completed the sale of the -Abertis agreed with Capital Riesgo -Fitch Ratings improved the Codad company and the Codad Global (Santander Group) to Abertis outlook from “negative” concession to the Colombian purchase Infraestructuras Americanas, to “stable”. The credit rating Infrastructure Fund Ashmore-FCP a company 42.3% owned by Invin, agency upgraded the outlook for the sum of 48 million euros. for the sum of 291 million euros. for Abertis and maintained -Abertis became a majority Following this purchase, Abertis direct the company's rating at BBB+, shareholder in Metropistas after and indirectly achieved 100% of based on the improvement buying an additional 6% from funds Rutas del Pacífico and 50% of and stabilisation of traffic managed by Goldman Sachs. With Autopista Central in Chile. during the first half of 2014. this operation, Abertis gained 51% -Abertis acquired TowerCo, the Fitch Ratings highlighted of the concession company for the mobile telephony mast operator the significant effort PR-22 and PR-5 toll roads in Puerto on the toll road network in Italy. made to control costs Rico and became the majority The operation was closed for the in recent years. shareholder in the company. total sum of 94.6 million euros. -Abertis strengthened its position Abertis will manage mobile September of control in the Infraestructura 2000 communications for more than -Abertis agreed to extend the Group. Abertis acquired an additional 3,000 kilometres of toll road period of one of its concessions The Group's figures were presented by holding from Metlife of 8.59% controlled by Atlantia in Italy. in Brazil in exchange for new the Director of Investor Relations, of the capital of Infraestructura 2000, investments The Group's Brazilian Profit and loss account and balance sheet Steven Fernández; CEO, Francisco Reynés, the 100% owner of Autopista Los June subsidiary, Arteris, will invest and Managing Director of Finance and Libertadores and Autopista del Sol. After -Abertis completed an accelerated 91 million Brazilian reals Profit and loss account 9M 2014 ( € Mn) Corporate Development, José Aljaro. the operation, Abertis strengthened placement process among qualified (30 million euros) in a project 9M 2013 9M 2014 Var its position of control, by now having a investors of the 5% holding in for a 14-kilometre section Incomes 3,445 3,676 +7% holding of 50% plus one share. Eutelsat. The placement, which of road in exchange for an Personnel costs -477 -499 -4% was carried out by UBS Limited extension to the Autovías Manageable operating costs -422 -440 -4% March and Barclays Bank PLC, generated concession for six months, Non-manageable operating costs -361 -332 9% -Abertis closed two bond issues revenue for Abertis of 275 million which will mean it will now Ebitda 2,174 2,415 +11% for a total of 350 million euros. euros, without generating any end in May 2019. Provision for depreciation and impairment -820 -936 capital markets both for sovereign and cor- The company closed two bond significant capital gains. -Abertis moved forward in its Ebit 1,354 1,479 13% porate debt, and has continued to work on issues intended for investors -The Spanish Securities Commission definitive exit from theA irport Financial result -541 -545 the process of optimising its maturity profile qualified by a total overall amount admitted to trading the shares business with the sale of its Equity method result 39 27 and reducing the cost of its debt. of 350 million euros, an annual from the extension of capital holding in the Mexican Grupo Pre-tax profit 852 961 In September, the French Abertis sub- coupon of 3.125% and maturity released from Abertis. In May, Aeroportuario del Pacífico (GAP). Company tax -251 -295 sidiary, HIT SAS, closed an issue of 450 mil- at 10 and 12 years. Abertis initiated the extension The company reached an Minority interest -107 -122 lion euros in bonds with a maturity of 10 of paid-up capital charged to agreement for the sale of its Discontinued operations 41 16 years and a record low coupon of 2.25% per April voluntary reserves for a nominal 33.33% holding in Aeropuertos Net profit 536 560 +5% annum. This is an issue with the lowest cou- -The Shareholder Meeting approved amount of 128.3 million euros, Mexicanos del Pacífico A( MP) the distribution of a complementary which resulted in the issue of almost for the sum of 222 million dollars pon in history for European companies with dividend and the distribution 43 million new shares at a ratio (172 million euros). AMP has Balance sheet January-September 2014 (€ Mn) the same rating level as HIT (BBB-) and also of a gross complementary ordinary of one new share for every 20 old a holding of 17.41% in Grupo SEP. 2014 DEC. 2013 for those made by an company in the Aber- tis Group. dividend of 0.33 euros/share ones. Following this extension, the Aeroportuario del Pacífico (GAP), Tangible and intangible fixed assets 19,611 18,627 With this operation, the Group is con- which, together with the interim share capital of Abertis is now and therefore, on the closure Financial assets 4,123 4,403 dividend distributed in November, 2,694,915,126 euros, represented by of the operation, Abertis Current assets 1,341 1,100 tinuing with its active policy of extending gave a total gross ordinary 898,305,042 shares in circulation, no longer has a holding Cash and banks 2,354 3,043 the maturity of its debt and optimising its dividend of 0.66 euros/share each with a nominal value of 3 euros. in Mexican airport assets. Assets held for sale 481 532 financing costs. In the first nine months of against 2013. - Abertis launched a bond issue -Sanef issued 450 million euros TOTAL ASSETS 27,910 27,705 2014, Abertis has carried out refinancing -BOVESPA agreed to consider for 700 million euros and a 10-year in long term bonds with a operations, both corporate and for its sub- the 14.9% of Brookfield term with an all time low rate coupon at an all time low of sidiaries, for a total sum of over 1.5 billion Aylesbury in Arteris as free-float. of 2.5%. The maturity date of the 2.25% per year. HIT SAS, Net liabilities 6,394 6,562 This removed any uncertainty new bonds is 27 February 2025 a French company controlled Non-current financial debt 14,504 14,517 euros. there may have been about and they will accrue an annual by Abertis, closed a bond issue Non-current liabilities 3,869 3,550 Abertis net debt for the first nine months the need to launch a takeover coupon of 2.50%, which replaces for 450 million euros with a Current financial debt 1,305 1,457 came to 13.455 billion euros. Of the total bid or reset the minimum the two previous issues with maturity of 10 and a half years Current liabilities 1,732 1,496 debt, 64% is guaranteed by the projects free-float, set in Brazil at 25%. maturity in 2016 and 2017. and a coupon of 2.25%. Liabilities held for sale 106 123 themselves (non-recourse). 92% of the debt TOTAL LIABILITIES 27,910 27,705 is long term and 84% fixed rate.n

70 n link abertis n JANUARY 2015 January 2015 n link abertis n 71 bonds Accelerated debt swap to improve costs and investment capacity The refinancing operations allowA bertis to increase its liquidity and growth opportunities

Text IDNET NOTICIAS photos ABERTIS

The general government debt until billion euros. Of the total debt, 64% is guar- ment and stabilisation of the group's net- September stood at 1,020,680 million Abertis has moved anteed by the projects themselves (non- work traffic in Spain during the first half of euros, a new record equivalent to 97.1% of further with its active recourse). 92% of the financial liabilities are 2014. The turnaround was consolidated in GDP and only five tenths below the limit set long term and 84% fixed rate. The average the third quarter. Thus, between January and for the year (97.6%) . Public debt has almost policy of lengthening debt at the end of 2013 was 5.1%. September, traffic grew by 1.6%, which led tripled since the crisis began, when it stood the maturity of its The latest debt swap operation was to the best third quarter since 2007. at 36.3% of GDP, and it could continue to issues and optimising carried out by HIT SAS, a French company rise in the coming years The government its financial costs 52.55% controlled by Abertis, which closed A good outlook for Abertis plans to achieve a balanced budget by 2018. a bond issue for 450 million euros with a In this respect, a recent report by Deutsche However, the latest debt growth data maturity of 10 and a half years and a coupon Bank analysed the traffic outlook in Spain coincides with a decline in issue costs to the of 2.25%. This is an issue with the lowest and considered that, since the fall in traffic lowest levels in history. Public debt at five The greater coupon in history for European companies was much higher than that of GDP, recovery years is standing for the first time below 1% macroeconomic stability with the same rating level as HIT (BBB-). could be very intense in a short space of and 10-year bond yields below 2%, spe- Furthermore, the coupon achieved is the time. According to the bank's experts, traf- cifically approximately 1.85%, an all time achieved and the lowest of any issues made by any company fic on Abertis toll roads in Spain was low. The public debt of other European coun- disappearance of doubts in the Abertis Group. Over 80% of investors improved by 2.5% this year compared to a tries also offers unprecedented lows in about the euro have who took advantage of the issue came from 1.3% rise in GDP. Considering that patterns returns. This lowering of the yields offered caused this dramatic outside the French market (Germany, UK, of use of motorways were not normal com- has allowed the government to save 13,000 Ireland, etc.). pared to the history of Abertis and other million euros compared to the budget. fall in interest rates The new bonds will be swapped in European countries, the forecast, according In this context that is favourable to on public debt whole or in part for bonds issued at the to the report, is that the company will fixed income in Europe and Spain,A bertis time by HIT Finance BV with a coupon of recover "75% of traffic lost by 2021". has moved further with its active policy of 5.75%, maturing in March 2018, which will Fitch Ratings also highlighted the sig- lengthening the maturity of its issues and lengthen the maturity, with a period three nificant effort to control costs in recent optimising its financial costs. In 2014 the times longer than for new bonds, and a years, which has offset the negative effect for the 2015-2017 period, the main objec- Group carried out several refinancing oper- significant improvement in the financial of the fall in traffic since 2008. It also high- tive of which is to continue creating share- ations, both corporate and for its subsidiar- costs of the debt of the French subsidiary lighted the sale of airport assets and the a recent report by deutsche holder value. After a successful four-year ies, for a total sum of over 1.5 billion euros. of Abertis. diversification made in the telecommunica- bank analysed the traffic period (2011-2014), in which Abertis has This increased the liquidity available and Previously, last July, the credit rating tions business, with the expansion in the outlook in spain and made a significant transformation, the improved the ability to capture growth agency Fitch Ratings upgraded the outlook field of mobile and satellite telecommuni- considered that its recovery Group is preparing to give a new impetus opportunities. for Abertis from “negative” to “stable” and cations. to its targeting strategy, to increase share- Abertis net debt stood at the end of maintained the company's rating at BBB+. Abertis has just presented a new Stra- could be very intense in a holder remuneration, the quest for efficiency, the first nine months of the year at 13.455 The new outlook comes from the improve- tegic Plan to the investment community short space of time international growth through acquisitions

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bonds

or lengthening the term of existing conces- sions and the implementation of a new organisational structure.

Risk premium down and rating stable At present, Spanish sovereign debt has a rating of BBB with a stable outlook from Standard&Poor’s, the risk premium is around 110 basic points (data from December) and public debt issues at five years are standing for the first time at below 1%.N othing could be further from the scenario in Spain just two years ago when Spain was considered a risk country, the premium was over 610 basic points and bond interest was above 7.2%.

The greater macroeconomic stability C achieved and the disappearance of doubts M about the euro have caused this dramatic fall in interest rates on public debt. In this Y context several corporations have found the CM perfect scenario for financing themselves MY in the corporate debt market. The improve- CY ment in the scores for Spain from rating agencies and the fact of paying in previous CMY issues returns of around 4% and 5% (and K above 6.25% for convertible bonds) are definitive arguments to bring savings to corporate debt.

Profitability without Evolution of public debt great risk Million euros 1,020,680 (Sept.) Most of the entities taking advantage of 1,000,000 966,180 windows of opportunity offered by the markets have made issues- as is the case 900,000 890,993 of Abertis, Natural Gas, ACS, Acciona, 800,000 743,530 Antolin and Telefonica, to name a few 700,000 649,258 examples. They will use the proceeds to 568,700 600,000 refinance part of their debt at lower rates, reduce their exposure to bank debt, 500,000 diversify their funding sources and develop 400,000 new projects.. 300,000 Investors, meanwhile, find here the 200,000 opportunity to achieve higher returns than with traditional fixed income without tak- 100,000 ing large risks. The evolution of returns will be adjusted III IV I II III IV I II III IV I II III IV I II III IV I II III 2009 2010 2011 2012 2013 2014 over time to demand from investors and Source: Banco de España the international scene, but for now corpo- rate debt is a very attractive option. n

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