Build the Highway, Then Run It for Decades. Ferrovial’s Data-Driven Formula That Built a $45 Billion Infrastructure Business.
Twenty-six years ago, on the first construction project of his career, Ricardo Munguia Alvarez asked for the drawings of the building he was working on. When he laid his engineering plans for the structure, utilities, and mechanical systems over the architectural blueprint, nothing matched. “I remember going to the architect: ‘Hey, look, you’ve placed a bathroom in the middle of a structural column,’” he says. “He took a pencil and changed the whole architectural layout in front of us in 30 minutes, without considering the structure, the utilities, anything. And we just delivered, with all that uncertainty, and everybody accepted the risk, the responsibility, the cost, everything. You cannot imagine that now.” Munguia is now global head of digital construction and data management at Ferrovial, the global infrastructure company. His job, in essence, is to make sure the pencil never comes out again. A Bright Light in a Madrid Attic Ferrovial is now valued at roughly $45 billion and joined the Nasdaq-100 index last year. But the company started modestly in 1952, in an attic office in Madrid, replacing wooden railroad ties for Spain’s national railway. From there, it quickly gathered speed: By 1958, its crews were laying 18 miles