Cintra, Plenary team up to compete for Australian toll road projects
First publishedon www.ITSInternational.com
Cintra and Plenary, which have a long history of partnering on infrastructure projects, have combined to create a joint venture business to compete in the Australia and New Zealand road infrastructure market, with a focus on toll road and concession projects. Netflow brings construction capability through Cintra’s sister business Ferrovial Agroman.
Cintra CEO Enrique Diaz-Rato said Netflow will play an important role in creating competition in the sector by looking to develop roads with a sharp focus on customer outcomes.
Plenary CEO Paul Oppenheim said teaming with Cintra signalled Plenary’s intent to build on its Australian portfolio and follows successful road infrastructure projects in Australia and North America.
Phil Dreaver, a founding director of Plenary’s North American business, has been appointed managing director of Netflow. He confirmed that Sydney’s WestConnex was a significant opportunity for the new business and would attract Netflow’s initial focus.