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Ferrovial bags €98m deal to route busy Madrid entrance road underground
27 February 2025
A 70,000 m2 green corridor will be created that will include pedestrian areas, cycleways and new civic spaces (Image courtesy of Ferrovial)
A consortium led by Spanish construction company Ferrovial has won a deal to route a busy, six-lane entrance road into Madrid, Spain, underground and create a new public space in its place.
Working with local firms Gyocivil and Liucas, Ferrovial said it will transform the northern end of Paseo de la Castellana in the city, using the ‘cut and cover’ method to route a section of the road between Calle Sinesio Delgado and Nudo Norte Calle 30 underground.
The move will create a developable surface area of 70,000 sq m which will be given over to a new public space, including green areas designed to give pedestrians priority. Ferrovial said it would also generate a “significant environmental improvement” thanks to the planting of hundreds of new trees and shrubs.
The €98.4 million contract is part of Madrid City Council’s plan to enhance sustainability and urban integration. The new project, which involves routing surface-level lanes to the sides and creating a two-lane cycleway, will also connect the Virgen de Begoña district and the future Madrid Nuevo Norte development with the city centre.
Ferrovial’s construction division has a 65% stake in the consortium, while Gyocivil and Licuas each hold 17.5%.
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