Keep pulling the thread on 407 ETR.
The United States is projected to have a $4 trillion infrastructure deficit by 2040.
The damage to energy infrastructure in the Middle East from recent conflict is estimated to be in the hundreds of billions of dollars.
Sadek predicts that US inflation will likely reach 4% or more by the end of the year.
Sadek predicts that oil prices will exceed $100 per barrel.
Ferrovial is able to offset the impact of inflation on its infrastructure assets by exercising its freedom to set toll rates on most of its toll roads.
Annual traffic growth in India ranges from 8% to 15%.
By 2050, it is projected that 90% of the US population will live in cities.
Sadek argues that diverse political motivations, including "America First" nationalism, efficiency concerns, and strategic competition, all converge on the necessity for the U.S. to adopt an industrial policy to reduce its over-reliance on China.
The political discourse in US congressional hearings regarding federal infrastructure investment has remained virtually unchanged for the past 23 years, since 2003.
Sadek believes there is political will in the U.S. to discuss infrastructure investment, but not to take meaningful action.
Approximately 80% of Ferrovial's company value is derived from its assets in North America.
Ferrovial is currently developing the New Terminal One at JFK Airport.