LBJ Freeway in Dallas

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1 LBJ Freeway in Dallas Texas/USA Ferrovial Agroman is redeveloping the LBJ Freeway to increase capacity and relieve severe congestion in one of the fastest growing areas in the United States. Ribera del Loira, Madrid (Spain) T F

2 LBJ Freeway in Dallas Texas/USA LBJ travels through the northern and eastern parts of Dallas, the fourth largest metropolitan area in the USA With average daily traffic of more than 240,000 vehicles, LBJ exceeded its original traffic capacity in the mid 1990s. Forecasts predict up to 400,000 vehicles daily by Additional shoulders on the outside of the main lanes. Continuous frontage roads (two or three lanes wide). Ferrovial Agroman is redeveloping the LBJ Freeway to increase capacity and relieve severe congestion in one of the fastest growing areas in the United States. Described by state transportation leaders as the most comprehensive and complex project of its type in the country, the approximately 16-mile LBJ Express project encompasses improvements along Interstate Highway I-635 (IH-635), also known as Lyndon B. Johnson Freeway (LBJ), and on I-35E from I-635 to Loop 12. Ferrovial Agroman is rebuilding the corridor using an innovative new design enabling the new highway to be constructed while minimizing the need for additional right of way. LBJ travels through the northern and eastern parts of Dallas, the fourth largest metropolitan area in the USA. The project is being designed and built concurrently, saving several years from the project schedule. When complete, it will provide improved mobility by almost doubling the existing roadway capacity. LBJ Express will feature a combination of four main lanes and two to three continuous frontage roads in each direction, along with three managed toll lanes in each direction that will use dynamic pricing to keep traffic moving at 50 mph. Improvements Ferrovial Agroman will complete the project within a not-to-exceed maximum five-year construction period. The LBJ Express will feature the following improvements: 8 rebuilt main lanes (a foot wider than they are now). 6 barrier-separated managed toll lanes located between or below all frontage roads. Managed Toll Lanes Managed Lanes are a new concept that adds toll lanes alongside existing general purpose lanes. Managed toll lanes feature the movement of traffic at a faster, more reliable speed (50 mph) by adjusting the toll rate up and down as the number of vehicles increases or decreases respectively. Dynamic pricing provides drivers with an option that will guarantee them a high-speed, predictable commute time. Motorists will have a choice of either using the managed toll lanes or remaining on the improved and rebuilt free general purpose lanes. Public-Private Partnership

3 LBJ Freeway in Dallas Texas/USA In September 2009, after a competitive procurement process, TxDOT awarded the LBJ Express project to LBJ Infrastructure Group (LBJIG). TxDOT officials executed a comprehensive development agreement (CDA) with the LBJIG to design, construct, finance, operate and maintain the project for 52 years. A CDA is a public-private partnership that gives transportation agencies the money, innovation and resources to build projects. In Texas, CDAs are awarded to a team of companies that may provide any combination of finance, design, construction, maintenance and operation services under TxDOT guidelines. With the LBJ Express and adjacent North Tarrant Express projects, Ferrovial Agroman is performing $4.5 billion in construction infrastructure in the Dallas metropolitan area LBJIG is led by Ferrovial Agroman sister company Cintra and investor group Meridiam. Ferrovial Agroman leads the design and construction. The CDA model was chosen to expedite construction and encourage competition in the private sector through the best value selection process. The CDA model brings private sector innovation and financing along with a faster project delivery and assures a timely schedule, within budget. Financing The total project costs are $2.6 billion ($490 million TxDOT/ public funds; $664 million equity from LBJIG; private activity bonds (PABs), $615 million; federal Transportation Infrastructure Finance and Innovation Act (TIFIA) loan, $850 million.

4 Additional innovations proposed include phased opening of the managed lanes which increased revenue Innovative Design Ferrovial Agroman developed a detailed phasing and traffic management plan making possible the use of the complex depressed managed lanes design solution in lieu of the initial tunnel design recommended by TxDOT. Additional innovations proposed include phased opening of the managed lanes which increased revenue, deferment of several lane-miles of bridge structure until needed later in the term of the concession and a more efficient aesthetic concept. All of the above along with several smaller innovations allowed the LBJIG to submit the most financially feasible proposal for the project, providing a $200 million savings of the available public funds. Complex Construction Construction on the LBJ Express officially began in January 2011 with site preparation and the start of the rerouting of over 400 affected services. Ferrovial Agroman successfully coordinated the utility relocation process, including agreements and construction, with two municipalities (Cities of Dallas and Farmers Branch) and 17 other franchise utilities, resulting in performing approximately $200M worth of utility relocations. In fast-tracking the construction schedule, the Ferrovial Agroman has implemented several time-saving measures, including: Smaller Design Packages - Resulting in earlier construction. Segmental Approach - Dividing the work into smaller construction packages allowed for the use of multiple subcontractors in various segments of the job and facilitated similar work types to be performed concurrently in all segments. Facilitates broader DBE participation. Pre-Cast - Extensive use of pre-cast elements such as bent caps has proven successful in significantly increasing production rates compared to traditional cast-in-place operations. Multiple Suppliers - Utilized multiple suppliers/ dedicated production facilities to aide in fasttracking the construction schedule. All work is being performed in accordance with the ISO 9001 quality system and the ISO environmental control system. The LBJ Express is the first construction in the state of Texas to comply with this primarily European standard. Ferrovial Agroman instituted an intensive traffic management program and construction is performed while maintaining continuous traffic flow with at least four lanes remaining open in each direction in order to avoid major traffic disruption. To achieve this, the majority of the work is performed at night to minimize the impact on traffic and to local businesses. The construction team has taken an aggressive approach to the construction of the elevated sections of the managed lanes on the LBJ project. As a result, this portion of the project will be opened to traffic nearly two years in advance of other work areas generating a steady stream of income to help offset ongoing maintenance costs. The LBJ Express is expected to be completed by December 2015.

5 The LBJ project was awarded the Corporate Social Responsibility Award Best Stakeholder Engagement Company Profile Communicating to the Community Ferrovial Agroman takes a proactive approach to disseminating important information related to project plans, traffic control and lane closures. Communication is managed through a comprehensive and modern approach that includes communicating construction updates and notices through a variety of social and traditional media such as Twitter (@ lbjexpress), Facebook (lbjexpress), the project website ( blog ( YouTube, weekly s, text messaging traffic alerts, news releases, community events, block walks to hand deliver construction notices, and meetings with community groups. In recognition of these efforts, the LBJ project was awarded the Corporate Social Responsibility Award Best Stakeholder Engagement by PR Daily. Size 161 miles per lane. Structure surface area equivalent to 80 football fields. 167 miles of precast beams. 320,000 m 2 of various types of walls. 62 miles in total length of piles. Excavation volume of nearly 7 million m 3. Ferrovial Agroman is the Ferrovial subsidiary that carries out civil engineering, construction and industrial projects. As well as being known for its extensive experience completing all kinds of unique civil engineering and construction projects, the company also represents an international benchmark in transport infrastructure, having built more than 470 km of tunnels, 3,900 km of highways, 15,000 km of roads and 4,600 km of railroad (including 722 km of high-speed railroad). It has firmly established its international position, which has grown consistently in recent years and accounted for more than two thirds of total business for the key operating lines in 2012.

6 The timeline for the redevelopment (design and construction) is 60 months, plus 52 years for the concession term Vision and values of Ferrovial Agroman Our vision addresses three questions about our activity: Respect: Care, Protect and Safety. Integrity: Ethics, Openness and Responsibility. Collaboration: Teamwork, Cooperate and Share. Why? Shaping the future through the development and operation of sustainable infraestructures and cities. How? Committing to the highest level of operational excellence and innovation. What? Creating value for society and for our customers, investors and employees. Our identity translates into five values that define the company and its employees: Innovation: Progress, Transform and Inspire. Excellence: Efficiency, Results and Reliability. Ferrovial Agroman is proud of its long history, which stretches back to We ensure the expertise and experience this history gives us is applied on all our projects. However, we also stay up to date with the latest innovation and best practice to maximize the value we bring to our clients. Our business model focuses on integrated infrastructure management. We design, build, finance, operate and maintain assets. It is our in-house design and technical capabilities and integrated approach to design, construction and management that differentiate us from the competition. Corporate Responsibility For Ferrovial Agroman, its Corporate Responsibility is a strategic function that can create long-term value for all its stakeholders and for society. The Corporate Responsibility is integrated into the business culture and the way the company operates. It cuts across all Ferrovial Agroman s activity in its relations with the outside world. Ferrovial is recognized as a sustainable, innovative and socially responsible company through the following sustainability indices and ratings of which it forms part: sustainable companies drawn up by Dow Jones: Dow Jones Stoxx Sustainability and Dow Jones Sustainability World Index., in the Heavy Construction category. This index is evaluated by the Sustainable Assessment Management (SAM) agency. - FTSE4Good. Ferrovial has been included for the eighth year in a row in the FTSE4Good Global Index, following the latest review carried out in September. This index is evaluated by Ecodes (Fundación Ecología y Desarrollo), a partner of the analyst Ethical Investment Research Services (EIRIS) in Spain. - Dow Jones Sustainability Index. Ferrovial has been included, for the eleventh year in a row, in the European and world indices of - Carbon Disclosure Project (CDP), OEKOM and Sustainability Yearbook 2013.

7 Ribera del Loira, Madrid (Spain) T F