Ferrovial subsidiary Cintra, along with Plenary, has established a new joint venture (JV), Netflow, to cater to the Australia and New Zealand road infrastructure sector.

Netflow is also expected to improve Cintra’s presence in the toll road and concession business, as well as Plenary’s footprint in Australia and New Zealand.

Plenary’s North American business founding director Phil Dreaver has been appointed as managing director of Netflow, which will be befitted from the road infrastructure expertise of both Cintra and Plenary.

The founding members of Netflow are also involved in Nexus Infrastructure consortium, which is currently developing Toowoomba Second Range Crossing, worth A$1.6bn (€1.1bn), in Australia.

Cintra CEO Enrique Diaz-Rato said: “In Plenary we have found a partner with a similar approach to infrastructure development and management, and we look forward to growing a portfolio of road projects together.”

Currently, Cintra manages more than 1,880km of toll roads in 26 concessions in Canada, the US, Europe, Australia and Colombia.

Plenary CEO Paul Oppenheim said: “The adaptation of our active equity approach to infrastructure projects complements Cintra´s investment approach.

"Plenary Group is currently involved in the investment, management and development of 41 projects across Australia, Canada and the US."

“Our recent experience demonstrates that a focus on competition, innovative design, and customer focused operations leads to success.”

Plenary Group is currently involved in the investment, management and development of 41 projects across Australia, Canada and the US.

The company is also involved in various Australian projects including Sydney Metro Northwest and the High Capacity Metro Trains project in Melbourne.

Image: Infrastructure in Australia and New Zealand Toowoomba crossing. Photo: courtesy of Ferrovial.