Madrid – Caja Madrid and FCC have established a 50:50 joint venture called Global Vía Infraestructuras, S.A. to group all of the infrastructure assets owned by the two partners.

The company’s initial capital stock is 250 million euro and it has holdings in 35 infrastructure concessions, basically roads, commercial ports and marinas, metro and tram lines, and hospitals.

At its first meeting, the new company’s Board of Directors elected Jesús Duque as Chairman of Global Vía Infraestructuras and appointed Javier Falces as general manager.

Global Vía has been created with the aim of becoming one of the world’s leading infrastructure groups; in addition to the assets received from its parent companies, it will bid for all major concession tenders in Europe and North America.