FCC (Fomento de Construcciones y Contratas)

80 articles about "FCC (Fomento de Construcciones y Contratas)"

Spain targets corruption in the water sector Vol 18, Issue 4 (April 2017)

Parliamentarians have called for an independent audit of the procurement bodies embroiled in the corruption scandal that has rocked the Spanish water sector. Allegations of a hidden public sector deficit could have wider implications for Spain’s relationship with the EU.

Catalan water law reform could create fresh private sector opportunities Vol 17, Issue 10 (October 2016)

Returning responsibility for wastewater management to ill-equipped municipalities could pave the way for a new crop of private sector concessions. The success of the reform could hinge on government support from an anti-private sector minority.

Aqualia profits from Egypt U-turn Vol 17, Issue 8 (August 2016)

The Spanish company has secured one of its largest desalination references to date as the country turns away from PPPs. Will it be a case of third time lucky for the firm?

Iberian misery Vol 17, Issue 3 (March 2016)

  • As GWI went to press, Spanish construction giant Abengoa was applying to the courts for extra time to push through a deal with its creditors...
  • Going forward, Abengoa will no longer be a financial investor in the projects it develops, which makes things difficult for Abengoa Water, which is essentially the most savvy water project developer in the business. The company was not included in the shortlist of companies prequalified for Oman’s privately financed desal programme this month, and its grand prize – the Vista Ridge pipeline project for San Antonio in Texas – looks certain to...
  • Another Spanish construction giant restructuring its finances this month is FCC. The new deal (which is the second refinancing in 15 months) makes Mexican oligarch Carlos Slim the largest shareholder in the company with...
  • Acciona is feeling the heat in Catalunya, where its €1 billion 50-year ATLL bulk water concession for the Barcelona metropolitan area seems to be ploughing deeper into a legal and political quagmire...
  • Agbar is also having a hard time in Catalunya. It suffered a body blow this month with the annulment by Catalunya’s high court of its 35-year Aguas de Barcelona concession, controversially awarded in 2012 without an open tender...
  • Political pressure on private water concessions has been growing across Iberia. Portugal’s new Socialist government has acted swiftly to fulfil an electoral pledge to help Portuguese municipalities renegotiate flawed municipal concession contracts...

Slim fattens FCC’s coffers ahead of strategic operational review Vol 17, Issue 3 (March 2016)

The Spanish group’s largest shareholder has made a takeover offer after accumulating more than 30% of the company’s equity. It is the precursor to a comprehensive strategic review which could strengthen the hand of the Aqualia water division.

Spanish scandal Vol 17, Issue 1 (January 2016)

  • Top executives at Acciona and FCC and at the Spanish government’s Acuamed water procurement company are among 13 people arrested in ongoing investigations into the awarding of contracts relating to Spain’s desalination programme...
  • At the time they were awarded, we were a bit suspicious of the way the contracts for the Acuamed programme were divided so neatly among the various Spanish contractors, but that does not seem to be the issue here. Instead, the allegations concern large additional payments to...

Spanish water sector reels under new corruption scandal Vol 17, Issue 1 (January 2016)

Allegations of corrupt practices in the awarding of key infrastructure contracts have resulted in the arrest of several key figures in the Spanish private water industry.

Latin openings Vol 16, Issue 10 (October 2015)

  • FCC – the Spanish construction group which owns Aqualia – has appointed Mexican telecoms executive Carlos Jarque as CEO. This follows the group’s refinancing last year, which saw...
  • Aqualia’s interest in Mexico did not stretch to bidding for the the 21,600m³/d San Quintin desalination plant, the first project to be awarded under the new public- private partnership law...
  • Colombia’s National Planning Department has hired Castalia Strategic Advisors to structure a $500 million water and wastewater concession in...
  • Meanwhile, Peru’s PPP machine grinds slowly on. The list of pre-qualifiers for the expansion of the Huachipa water treatment plant in Lima has finally been published, after a record 21 revisions to the procurement timetable...

Aqualia assumes key role in FCC’s growth Vol 16, Issue 10 (October 2015)

The water division of FCC has become a major driver of the group’s pre-tax earnings. It is seeking to further diversify its international revenue base under a revamped management team. Where is it headed next?

 

Europe Water in brief Vol 16, Issue 9 (September 2015)

The conditions accompanying the granting of Greece’s latest bailout package have put the part-privatisation of the Athens and Thessaloniki water utilities back on the table.