Sacyr delivers two key higwhay sections in Lubbock, Texas, U.S.

  • These projects bring Sacyr's total road infrastructure developments in the U.S. to 12, representing a cumulative investment exceeding $1.3 billion (€1.11 billion).

Sacyr has announced the completion of construction on two significant highway projects in Lubbock, Texas: the FM 1585 highway (the new Loop 88) and the reconstruction of US 62. Both contracts, awarded by the Texas Department of Transportation (TxDOT), had a combined value of $180 million.
With the successful delivery of these two roadways, Sacyr has now completed 12 road infrastructure projects across the United States – four in Texas and eight in Florida. This achievement further solidifies Sacyr's strong presence in the U.S. market, with a cumulative investment exceeding $1.3 billion (€1.11 billion).

 

FM 1585

The FM 1585 project in Lubbock is a critical component of the Loop 88 program and a cornerstone of the area's transportation infrastructure. This development involved transforming a four-mile, two-lane section of FM 1585 (also known as 130th Street) into a modern six-lane freeway, complete with frontage roads, bridges, and ramps. 

These significant upgrades are designed to accommodate the region's increasing traffic demands, enhance motorist safety, and significantly reduce congestion.


US 62

The comprehensive reconstruction of US 62 (19th Street) covered a vital 3.3-mile urban corridor, crucial for downtown Lubbock's connectivity between Memphis Avenue and I-27. 

This extensive undertaking encompassed significant upgrades to the drainage system, sidewalks, asphalt paving, traffic signals, and street lighting. The completed project is expected to substantially enhance safety, reduce traffic congestion, and bolster mobility capacity for thousands of daily users in the area.
 

Sacyr's Commitment to U.S. Infrastructure Development

Sacyr commenced operations in the U.S. market in 2018 and has since been awarded a total of 16 projects across the country.

In 2024, Sacyr, as part of a consortium, secured its first major transportation infrastructure concession contract in the U.S.: a section of the I-10 highway in Louisiana. This landmark project will involve an overall investment of €3 billion, with over €2 billion specifically allocated to the construction phase.

As outlined in its 2024-2027 Strategic Plan, Sacyr is committed to further expanding its operations in key English-speaking markets, including the U.S., Canada, the United Kingdom, Ireland, and Australia.
 

Sacyr bolsters financial structure with refinancing and upsizing of syndicated loan to €600 Million

  • The P3 company has secured the support of 25 financial institutions, enabling improved pricing and extended maturity for its corporate debt.
  • Sacyr has incorporated sustainability and occupational safety commitments throughout the financing term.
     

Sacyr has successfully completed the refinancing of its syndicated loan under highly favorable terms.

This refinancing has enabled an increase in the available facility from €470 million to €600 million, alongside improved pricing and a two-year extension of the maturity period to five years.

The refinancing was significantly oversubscribed, attracting commitments of nearly twice the final amount, which underscores the strong market confidence in Sacyr.

The transaction, supported by 25 financial institutions, was coordinated by Santander, BBVA, Crédit Agricole, Société Générale, and CaixaBank.

This milestone significantly strengthens Sacyr's financial position, providing an even more robust foundation to advance towards the objectives outlined in its 2024-2028 Strategic Plan.

Sustainability and Safety Commitments

As part of this transaction, Sacyr has incorporated sustainability and safety commitments linked to predefined indicators for CO2 reduction and occupational accident rates. Adherence to or deviation from these targets will result in a marginal adjustment to the loan's pricing.
 

Investment grade rating

In 2025, global credit rating agency DBRS Ratings GmbH (Morningstar DBRS) assigned Sacyr an investment grade rating. This milestone represents a significant step in meeting the objectives established in the 24-27 Strategic Plan. Morningstar DBRS is one of four rating agencies recognized by the European Central Bank and the United States Securities and Exchange Commission.

The agency gave Sacyr a long-term corporate credit rating of BBB (low) and a short-term rating of R-2 (low), both with a "Stable" outlook.
 

Drones Taking the Lava's Pulse

For the reconstruction of the LP-2 road in La Palma (Canary Islands), we are deploying drones equipped with infrared thermography to monitor the thermal evolution of the lava, ensuring both the safety and feasibility of the operations.

The 2021 eruption of the Tajogaite volcano in La Palma (Canary Islands) buried the LP-2 road while it was undergoing construction. We are currently rebuilding the section between kilometers 40 and 43, contending with the high temperatures that still persist within the lava field.

“Constructing this new road across the lava field necessitates a thorough assessment of the ground's thermal conditions, as volcanic lava flows can retain high temperatures for many years,” explains Juan Antonio Romero, Head of Topography at Sacyr Engineering in La Palma.

We have addressed this challenge by deploying drones equipped with infrared thermographic cameras for the capture, analysis, and thermal modeling of the affected terrain.

 

 
 

This technology enables us to identify areas with significant thermal activity, evaluate the technical feasibility of the proposed route, and provide recommendations to ensure safe operations for our professionals and partners.

Furthermore, this detailed analysis helps anticipate potential impacts on the road pavement structure and bituminous mixtures, as thermal variations can alter their cohesion, stiffness, and durability. This, in turn, informs the design and construction decisions for the future pavement.

This project is spearheaded by the Canary Islands Ministry of Public Works, which awarded the contract to the JV TAJUYA joint venture (comprising Sacyr Engineering and Infrastructure, Traysesa, Herquipalma, and Los Volcanes). The project is slated for completion in 2028.
 

 

 
 

Thermal Radiation Measurement

 

Infrared thermography is a remote sensing technique that detects thermal radiation emitted by objects based on their surface temperature. In the geotechnical field, this tool has proven to be an effective method for:


•    Identifying areas of residual volcanic activity.
•    Detecting active fractures and gas emissions.
•    Analyzing cooling processes in lava flows.
•    Evaluating the thermal stability of ground for civil engineering projects.


“Through the acquisition and processing of infrared images, we have generated georeferenced heat maps and graphs that illustrate the thermal evolution. The DJI MATRICE 350 RTK drone, equipped with a camera, can detect temperatures ranging from 0 to 550 degrees Celsius,” explains Juan Antonio Romero.

“This undertaking combines advanced technologies in remote sensing, thermal photogrammetry, and geospatial analysis. As a result, we enhance the road's quality and, crucially, improve site safety and occupational health,” he concludes.

  • Results

Results Presentation Q1 2026

SACYR, S.A. announces call notice of the Group’s Q1 2026 results presentation.

The results will be released on Wednesday, April 29th, 2026, after market close in CNMV and in our website.

The results presentation will be held on Thursday, April 30th, 2026, at 12:00h (CEST) by audio-webcast in real time, accessible by this link.

Access to the presentation of results replay will also be available directly at the link above.

Featured projects

Results Presentation

Consult and download all the presentation of results from recent years, published in the National Securities Market Commission (CNMV).

 

The Q1 2026 results presentation will be held on 30th April 2026 at 12:00 CEST.

To access the webcast click here.

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