Paul Oppenheim, CEO of Plenary, said the agreement is un opportunity to en han ce their footprint in the Australian market. “The adaptation of our active equity approach to infrastructure projects complements Cintra’s investment approach. Our recent experience demonstrates that a focus on competition, innovative design, and customer focused operations leads to success,” he added.

The two partners are currently members of the Nexus lnfrastructure consortium, which is developing the Toowoomba Second Range Crossing, worth 1.6 billion Australian dollars (around 1.1 billion eurol. That project showcases the two companies’ ability to harness their knowledge and experience and apply them to local needs.

Netflow can benefit from the construction experience of Ferrovial Agroman, which is expanding in Australia, where it is building the Toowomba Second Range Crossing and two sections of the Pacific Highway. Phil Dreaver, a founding director of Plenary’s North American business, has been appointed Managing Director of Netflow.

Cintra is one of the world’s leading prívate sector developers of transportation infrastructure in terms of the number of projects and the volume of investment. lt currently manages over 1,880 kilometers of toll roads in 26 concessions in Cunada, the US, Europe, Australia and Colombia. Cintra is the largest shareholder in the 407 ETR concessionaire, in Ontario, Cunada, with a stake of 43.23%.

Plenary Group is an independent, long-term investor, developer and manager of public infrastructure with 41 projects worth more than 29 billion Australian dollars across Australia, Cunada and the US. lt is involved in such projects as Sydney Metro Northwest and the High Capacity Metro Trains project in Melbourne.