Ferrovial CFO on Building JFK Terminal 1, its Heathrow Exit, and the Growth Opportunity in Highways

Ann Berry is joined by Ernesto López Mozo, CFO of Ferrovial, to outline the company’s infrastructure assets, from highways to airports, and where it sees the strongest growth opportunities. They unpack the financing behind JFK Terminal 1, why Ferrovial exited Heathrow, and how private equity is impacting the sector. Plus, they discuss the key drivers behind the company’s IPO on the U.S.-based Nasdaq.
00:00 Ferrovial CFO Ernesto López Mozo Joins
00:41 What Ferrovial does
01:30 Inside JFK Terminal One development
02:53 How major infrastructure projects get financed
04:04 Public vs private funding in infrastructure
05:04 Competing with private equity in infrastructure deals
05:36 Target returns and managing construction risk
06:13 Why Ferrovial sold its Heathrow stake
07:07 U.S. infrastructure boom and growth opportunities
08:14 Highways vs airports: where demand is strongest
09:07 The role of AI and data centers in infrastructure
10:20 Why Ferrovial isn’t going big on data centers
11:18 Competition for capital in infrastructure investing
12:03 Geographic focus: U.S. vs global expansion
12:58 Breaking down strong earnings growth
14:24 Capital structure and project-level debt strategy
16:12 Why Ferrovial listed on the Nasdaq
16:53 Impact of joining the Nasdaq-100
17:31 Who’s buying the stock: investor base breakdown
18:26 Attracting more U.S. investors
19:22 The future of transportation: autonomy and eVTOLs
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