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Ferrovial is exploring more opportunities at US airports as work advances on its USD 9.5-billion New Terminal One project at New York's JFK Airport. CEO Ignacio Madridejos told the Reuters NEXT conference that, despite softer demand expected in 2025 due to inflation and policy uncertainty under President Donald Trump, the company remains confident in long-term air travel growth. The JFK terminal will open in phases from 2026, and Ferrovial sees New York as a uniquely strong market. Its highways division also posted a 14% revenue rise to EUR 1 billion in the first nine months of 2025. Madridejos said public-private partnerships will continue driving US infrastructure development.
Spanish infrastructure group Ferrovial is evaluating a broader pipeline of opportunities at US airports, encouraged by progress on its large-scale terminal redevelopment at New York's John F. Kennedy International Airport. During the Reuters NEXT conference in New York, CEO Ignacio Madridejos said the company anticipated long-term growth in air travel even as demand softened in 2025 due to inflationary pressures and policy uncertainty linked to President Donald Trump's stance on immigration and trade. Advertisement
The New Terminal One project at JFK, valued at USD 9.5 billion, is set to open in phases from 2026. Madridejos said the company viewed New York as a distinctive and consistently strong destination, noting the scale of passenger throughput and reaffirming that Ferrovial had no regrets about backing such a major redevelopment effort.
Ferrovial's highways division delivered strong results in the first nine months of 2025, with revenue rising 14% to EUR 1 billion on the back of North American performance. The Chief Executive suggested that public-private partnerships would remain an essential feature of US infrastructure investment, particularly as urbanisation accelerates and cities require modernised transport and mobility frameworks.
Ferrovial's strategic stance highlights its confidence in long-term infrastructure demand across major US cities, both within aviation and across the broader mobility network.
Source - Reuters
5th Jun, 2025
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