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12 October 2023

Daily Newsletter

12 October 2023

Ferrovial completes upgrade works at Ciutadella Outer Port

Construction was completed utilising methodologies that minimised the impact on marine life within the area.

RanjithKumar Dharma October 11 2023

Ferrovial has concluded improvement works valued at €3.14m ($3.32m) at Ciutadella Outer Port in Menorca, one of Spain’s Balearic Islands located in the Mediterranean Sea.

The project aimed to expand both the eastern and western berths of the port to safely dock up to 190m-long vessels.

It involved the installation of two isolated dolphin structures to act as ship docking points.

Furthermore, the company installed connecting walkways, as well as moorings and fenders to the facilities to enhance both safety and operational efficiency.

Ferrovial had to implement a series of preventive, corrective, and mitigating measures and follow stringent protocols to reduce the project's impact on the local marine ecosystem.

The measures were adopted before and during project execution in line with the Environmental Oversight Plan established by Ports de Illes Balears, the Balearic Islands' ports authority.

The company focused on monitoring the presence of protected species such as posidonia seagrass, as well as certain native corals and molluscs. It used turbidity curtains to safeguard these plant species throughout the process.

Ferrovial said it ensured that it controlled and minimised noise pollution to protect the marine biosphere.

It also conducted two surveys using underwater robots and divers to confirm that the new infrastructure did not result in negative alterations to the plant species.

In July this year, Ferrovial reported a net profit of €114m in the first half of 2023.

North America Construction market dynamics

Per GlobalData estimates, the North America construction market size is expected to reach $1,772.5 billion in 2023. The increased spending from the public and private sectors in the regional energy and infrastructure domain is projected to aid the market growth. The energy and utilities construction sector is expected to depict a AAGR of 8.7% in real terms from 2024 to 2027, supported by investments in regional renewable energy and oil and gas projects.

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