A N N U A L R E P O R T A N D A C C O U N T S - CMVM

Management Report of the Board of Directors - Financial Year 2008
The commercial activity in this sector, during the year under
review, was intense and led to the submission of 110 bids, for
an overall amount of EUR 92,873 thousand, which represents
a significant increase compared to the previous year.
The number of open contract jobs amounted to EUR 1,274
thousand, leading to the opening of 9 construction yards.
During 2008, the following contract jobs were completed:
- “Diaphragm wall, for the Metro Málaga consortium”;
- “Diaphragm wall and Piles, in the Intercambiador de
Mairena de Aljaraje”, for the company “Construcciones
Sanchez Dominguez-Sando, S.A.”;
73 FERROVIAL / Piles and Jet-Mix, in viaduct La Motilla in Cuenca
- “Execution of Piles, at “Variante Miraflores, in San Roque”,
for “Construcciones Sanchez Dominguez-Sando, S.A.”;
- Execution of Piles, at “Canal Segarra”, in Lérida, for the
“BRUESA, S.A.” – “PLODER, S.A.” consortium;
- Piles were also executed at another Cuenca-Ollala AVE link,
for “FERROVIAL - Agroman S.A.”;
- FRANCE
72 Sando / Bentonite Wall and Piles in the Interchanger of Mairena de Aljaraje
- Execution of Piles and Jet-Mix, in the Cuenca-Ollala AVE
link, for “INGESA - Ingenieria geotécnica S.A.”;
The contract jobs commenced for several clients also deserve
highlighting, mainly:
- “Execution of Piles, for the sanitation network in Espejo in
Córdoba”, for “Construcciones Sanchez Dominguez-Sando,
S.A.”;
- “Execution of Piles and Jet-Mix, at the La Motilla viaduct in
Cuenca, in one of the AVE links, for “FERROVIAL - Agroman
S.A.”;
The Group operates in this country through its investee
company SOMAFEL, S.A., which, since 2004, is accredited
by SNCF - Société Nationale des Chemins de Fer – one of
the world’s most demanding railway administrations –, for
both railway track and catenary works.
SOMAFEL, S.A. carried out several Works for this entity,
among which the completion of the subcontract job for
Nantes/Les Sables d’Orlone Electrification deserves
highlighting.
It received the revalidation of its qualification for railway
trackworks from the abovementioned Railway Administration,
as well as for catenary Works and studies, having been
awarded new higher classes in the categories authorised for
tenders, which will allow it a significant increase in future
participations.
In this market, SOMAFEL, S.A. was awarded the following
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