SacyrNewsMorningstar DBRS gives Sacyr an Investment Grade rating
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Morningstar DBRS gives Sacyr an Investment Grade rating
With this milestone, Sacyr is making progress in meeting one of the key objectives set out in its 24-27 Strategic Plan
Morningstar DBRS highlights the company’s strategic transformation in recent years, which is reflected in its financial and operational strength, with a clear focus on concessions and a successful financial deleveraging process
02/10/2025
Rating agency DBRS Ratings GmbH (Morningstar DBRS) has granted Sacyr a long-term corporate credit rating of "BBB low" and a short-term credit rating of R-2 low, both with a "Stable" outlook. This rating corresponds to the Investment Grade category.
This is Sacyr’s first time obtaining a rating from a global rating agency and 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 ECB and the SEC.
This rating reflects Sacyr's financial strength, its positive economic performance and its ability to meet the obligations arising from its business activity.
Strategic transformation and focus on concession
Morningstar DBRS supports its rating on the strategic transformation of the business model carried out by Sacyr in recent years, which is reflected in its operational capacity, with a clear focus on concessions and a successful financial deleveraging process.
Sacyr has a young portfolio of concessions, with a remaining average life of 28 years. This circumstance, together with inflation-indexed revenues and low exposure to demand risk, contributes to predictable and stable cash flows. This business model serves to strengthen the company's financial position and to improve its risk profile.
In addition, the vertical integration of the concession business with the Engineering and Infrastructure division – where 70% of the portfolio comes from its own concession projects – significantly optimizes this risk profile.
Investment grade by EthiFinance
Sacyr also has the rating by EthiFinance, which raised Sacyr's rating in June 2023 to investment grade, with a BBB- rating and a stable outlook.
SacyrNewsWe research exoskeletons to reduce occupational risks
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We research exoskeletons to reduce occupational risks
These innovative devices reduce physical strain, improve ergonomics and transform the way repetitive and physically demanding tasks are performed.
24/10/2025
Sacyr has undertaken a pioneering study to assess the impact of exoskeletons in construction environments as part of the Thematic Lab project.
This initiative, led by Sacyr’s Innovation and Health & Safety departments, aims to promote projects that contribute to the prevention of occupational risks. This effort combines technology, health, and workplace safety, analyzing how these devices can reduce physical effort, enhance ergonomics, and reshape the execution of repetitive and demanding tasks.
Through a rigorous protocol of muscular, kinematic, and functional analysis, different exoskeleton models are compared to identify which is most effective for specific activities.
An exoskeleton is an external, flexible structure—based on springs or elastic bands—that functions as a wearable mechanical aid. In engineering, robotic or passive exoskeletons are used to enhance strength and endurance, both for heavy or repetitive work and for the rehabilitation of people with mobility challenges.
The two departments at Sacyr initiated a study to determine how the introduction of an exoskeleton affects the process of replacing railway sleepers.
The study took place in early October on a railway project being developed by Sacyr. Tests were conducted on various tasks, such as handling heavy components, replacing sleepers, and tamping—activities that combine both effort and repetition.
During the trials, workers were equipped with an exoskeleton and body sensors that measured muscle activity and motion dynamics. Their performance was analyzed both with and without the device to compare and monitor the same variables.
Two exoskeleton models providing lumbar support were tested in the experiment. The main difference between them was that one was flexible, while the other was rigid.
After the pilot test, participants evaluated the exoskeletons from multiple perspectives, including usability, impact on performance, and their overall comfort and experience during use.
The field data collected will be used to assess the potential effects on muscular effort during different tasks, with the goal of informing decisions regarding their implementation and impact on workers’ safety and health.
SacyrNewsLife after fire: how burned areas recover
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Life after fire: how burned areas recover
What happens after the flames are extinguished? Recovery after fire is a long and complex process, a decades-long journey in which both nature and society develop strategies for rebirth from the ashes.
Climate change is fuelling longer and drier fire seasons. According to NASA, heat waves are intensifying, rainfall is declining, and conditions are becoming more favourable for large-scale burns. Recent studies confirm that extreme wildfires are becoming more frequent:their occurrence rose 2.2-fold from 2003 to 2023. In this article, we explore how burned landscapes recover, not only environmentally, but also economically and socially.
Decades for forests to 'breathe' again
The recovery of forests after a fire depends on several factors, including the intensity of the blaze, the type of ecosystem, how frequently fires occur, and the degree of human intervention. Vegetation usually returns gradually. Satellite-based analyses show that within the first five years, only about a third of what was lost reappears; after ten years, nearly half; and after thirteen years, just over half. In other words, while landscapes begin to regenerate quickly, it can take decades for a forest to regain its previous maturity. In some cases, full recovery may stretch beyond 40 years.
Flames advance, destroying vegetation in a forest area. Credit: Unsplash
Mobile factories to speed up housing reconstruction
In 2025, large wildfires struck Spain, Portugal, France, Canada, the United States, Cyprus and Colombia, destroying homes and forcing mass evacuations. After such disasters, rebuilding quickly and affordably becomes a top priority. While authorities often provide financial aid and subsidies for the reconstruction of affected areas, some experts offer technical advice to ensure that newly rebuilt homes act as "firebreaks". The focus is on incorporating fire-resistant materials and systems that reduce future risk.
New initiatives are also emerging to accelerate recovery. One, led by ABB Robotics and Cosmic Buildings, deploys mobile robotic microfactories to assemble modular homes directly in affected areas. "With AI-driven robotics and digital design, we are cutting build times by up to 70% and reducing costs by 30%, with near zero waste," explains Marc Segura, president of ABB Robotics.
Mobile robotic microfactories that build modular houses after fires. Credit: ABB Robotics
Wildfires endanger the health of millions of people. They often cause death, burns, smoke inhalation and displacement. Exposure to smoke raises the risk of respiratory problems, such as asthma and infections, increases hospitalisations, and contributes to cardiovascular disease. It can also worsen pre-existing conditions and have long-lasting impacts on physical and mental health.
To mitigate these impacts, experts recommend providing a combination of medical care and psychological support. Detecting anxiety or PTSD in children and ensuring that older adults continue their treatments are crucial. Several studies also highlight the importance of strengthening social assistance through financial and housing support, as well as encouraging activities that relieve stress and foster resilience to aid full recovery.
· — — Tungsten is a journalistic laboratory that explores the essence of innovation.
SacyrNewsUnderstanding the impact of the new Sustainable Mobility Law
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Understanding the impact of the new Sustainable Mobility Law
At Sacyr we have long been committed to safer, more efficient and environmentally friendly mobility. Now, that vision becomes law: on October 8, 2025, the Spanish Congress approved the long-awaited Sustainable Mobility Law bill, a regulation that redefines how we move and how companies should contribute to a real ecological transition.
22/10/2025
Ana Aurora Grande Barriga
Management Systems
Quality, Environment and Energy
The new Sustainable Mobility Law marks a turning point, recognizing mobility for the first time as an accessible and inclusive right. For the first time, mobility is recognized as a citizen’s right, accessible and inclusive.
It also boosts state funding for urban transportation, accelerates the digitalization of our transport systems, and sets a clear goal: achieving climate neutrality in the transportation sector.
Its pillars include:
• Clean and healthy mobility: Transportation accounts for 29% of Spain's greenhouse gas emissions. The law demands significant progress in decarbonizing the transportation sector and achieving climate neutrality.
• Digitalization and innovation: The Integrated Mobility Data Space (EDIM) will be created to centralize mobility information and drive innovation.
• Increased investment: Almost €10 billion in European funding will be available to support mobility projects.
• Mobility as a right: The law prioritizes protecting state funding for urban transport, ensuring everyone has access to mobility options.
What does it mean for companies like Sacyr?
The bill mandates that workplaces with over 200 employees, or 100 per shift, must implement a Sustainable Mobility to Work Plan (SMWP). This SMWP, developed in collaboration with employee representatives, must prioritize active transportation (walking, cycling), public transit, carpooling and low-emission vehicles.
It also contemplates the possibility of appointing a mobility manager to coordinate these efforts.
A monitoring report is required every two years, and non-compliance could result in fines of up to €6,000.
Furthermore, transport hubs and toll roads must meet energy efficiency standards, including:
• Certification in environmental and energy management systems (ISO 14001/50001)
• Carbon Footprint Assessment
• Using energy from renewable sources and securing guarantees of origin for renewable energy.
What are we doing?
Sacyr’s Quality, Environment and Energy Department has already launched initiatives that align with the law's objectives. We provide bicycle and electric scooter parking, electric vehicle charging stations, hybrid and electric vehicles for staff and encourage public transport use through Sacyr Flex, our transit pass program. We also actively promote and encourage carpooling, which benefits the environment and economically incentivizes drivers through Energy Savings Certificates (ESCs) approved by the Spanish Government.
Flexible work arrangements, efficient driving training in our environmental best practices manual, and the use collaborative work tools that minimize commuting between worksites are also integral to our operations.
We also maintain a fleet of electric and hybrid vehicles (powered by cleaner fuels like LPG), which also generate ESCs for the company. We prioritize train travel over air travel for business trips, reducing our carbon footprint. And we are incorporating biofuels, which can reduce net CO2 emissions by up to 90% compared to traditional fuels.
Looking Ahead: New Opportunities
This law not only sets requirements, but also inspires innovation. It opens doors for pilot projects in mobility digitalization and encourages public-private partnerships to develop automated vehicles.
In construction, it promotes sustainable infrastructure like transport terminals, bike lanes, and energy-efficient buildings. It also champions rail transport through the creation of new rail freight corridors.
The law also encourages intermodal connections between bicycles and public transportation in concession areas and promotes rapid electric vehicle charging on highways.
Finally, subsidies are planned for companies developing SMWPs, helping them stay competitive while advancing sustainability.
In short, this law bill challenges us all to actively participate in creating a better future. At Sacyr, we’re prepared to lead the way toward cleaner, smarter, and more people-centric mobility.
¿Qué estamos haciendo?
Desde la Dirección de Calidad, Medio Ambiente y Energía de Sacyr, ya hemos puesto en marcha varias iniciativas que nos acercan a los objetivos de la ley. Contamos con aparcamientos para bicicletas y patinetes eléctricos, puntos de recarga para vehículos eléctricos, flota de vehículos eléctricos e híbridos para los trabajadores, y fomentamos el uso del transporte público a través de Sacyr Flex, nuestro programa para adquirir tarjetas de transporte. También promovemos y sensibilizamos al personal sobre el coche compartido, que además genera beneficios económicos para los conductores, gracias a los Certificados de Ahorro Energético (CAE) aprobados por e Gobierno de España.
La flexibilidad horaria, la formación en conducción eficiente en nuestro manual de buenas prácticas ambientales y el fomento de herramientas informáticas de trabajo colaborativo que reducen los desplazamientos entre centros de trabajo son otras medidas que ya forman parte de nuestro día a día.
Además, disponemos de una flota de vehículos eléctricos y coches híbridos (con combustibles menos contaminantes, como el GLP), que también genera CAE’s con beneficios económicos para la empresa. Priorizamos los traslados de trabajo en tren, en sustitución del avión, que es más contaminante. También estamos incorporando el uso de biocombustibles (que puede reducir hasta un 90% de las emisiones netas de CO2 en comparación con el combustible de origen mineral).
Mirando hacia el futuro: oportunidades que se abren
La ley no solo exige, también inspira. Abre la puerta a proyectos piloto de innovación y digitalización en movilidad, fomenta la colaboración público-privada para el desarrollo de vehículos automatizados.
En el ámbito de la construcción, promueve infraestructuras sostenibles como terminales de transporte, carriles bici y edificios energéticamente eficientes. Además, fomenta el transporte ferroviario, con el desarrollo de nuevas autopistas ferroviarias, para el transporte de mercancías y de personas. En el área concesional, se impulsa la intermodalidad entre bicicleta y transporte público, y la recarga eléctrica rápida en autopistas.
Además, se prevén subvenciones para empresas que desarrollen sus PMST, lo que representa una oportunidad para seguir avanzando sin perder competitividad.
En definitiva, este proyecto de ley nos reta a ser parte activa del cambio. En Sacyr, estamos preparados para liderar el camino hacia una movilidad más limpia, inteligente y humana.
SacyrNewsFrom the floor plan to the factory: industrializing construction across four countries
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From the floor plan to the factory: industrializing construction across four countries
Industrialization addresses the construction sector's need to boost efficiency, productivity, and sustainability. We're already utilizing prefabricated components in building projects in some of our key markets.
02/10/2025
Industrialization brings factory-style processes into the construction sector, enhancing productivity and introducing a high degree of automation. It encompasses research and innovation in mechanizing and assembling components in a factory setting, applying these techniques to prefabricate various elements like bathrooms, facades, and technical partitions.
This approach is faster and more sustainable, minimizing waste and requiring fewer energy resources, while also simplifying maintenance.
Bathrooms and facades are among the first elements to undergo this industrialization, according to Mónica Silva Laiz, Head of Building at Sacyr Engineering and Infrastructure Engineering department in Spain.
"Industrialised construction is here to stay, and we are today one of the pioneering companies in carrying out this transformation. It is a new way of conceiving construction," explains Mónica Silva.
Sacyr is implementing industrialization as a key component in projects across Chile, the United Kingdom, Spain, and Italy.
In Chile, we operate a factory assembling prefabricated bathrooms for three hospitals: Sótero del Río, Cordillera, and Buine Paine.
The construction of the Milan Hospital in Italy also incorporates industrialized bathrooms and facade sections.
In Spain, we've employed these factory processes at the 12 de Octubre Hospital, installing prefabricated GRC (glass fiber reinforced concrete on a metal frame) facades, among other elements. These methods are also being implemented in residential developments across several Spanish regions.
At the New Velindre Cancer Center in Cardiff (Wales, UK), we're constructing prefabricated facades using light steel frames with external finishes in wood and copper sheets, incorporating windows and glazing. The facade modules are manufactured in Spain and shipped to the UK for on-site assembly.
Furthermore, through the Valdesc project, we're exploring a novel industrialized construction system for facade envelopes using recycled materials, ensuring high rates of circularity and decarbonization. This system will enhance thermal efficiency and simplify component dismantling, combining efficiency, productivity, and safety.
SacyrNewsSacyr and Wills Bros to build west apron vehicle underpass at Dublin airport (Ireland) for €265 Million
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Sacyr and Wills Bros to build west apron vehicle underpass at Dublin airport (Ireland) for €265 Million
This contract involves the design and construction of an underpass from Dublin Airport’s Pier 3 to the West Apron in the centre of the airport airfield.
10/10/2025
The Dublin Airport Authority (daa), the operator of Ireland’s two busiest international airports at Dublin and Cork, has awarded the contract to construct the new West Apron Vehicle Underpass at Dublin Airport to the Sacyr-Wills Joint Venture (SWJV). Both parties signed the contract yesterday evening.
The €265 million contract was awarded under an Airfield and Landside Civil Works Framework (Lot 2) agreement and marks a significant milestone in the airport’s long-term infrastructure development strategy.
The project, which is scheduled for completion by August 2030, will see the construction of a 1.1-kilometre subterranean twin-cell tunnel connecting Pier 3 at Dublin Airport to the West Apron. The underpass will pass beneath key operational areas including the Cross Runway (16/34) at Dublin Airport and four taxiways.
The underpass will provide a dedicated, segregated route for airside vehicles - such as cargo operators, fuel bowsers, tugs, loaders, steps, and catering trucks - between the remote West Apron and the Eastern Campus, where most airport services and facilities are located.
The proposed vehicle underpass, which is the first work order within the 5-year Airfield and Landside Civil Works Framework awarded to the JV, is a critical project for the safe and efficient operation of the airfield. The underpass is required to facilitate ongoing safe and reliable vehicle access between the remote West Apron and the Eastern Campus and reduce travel times for cargo and operations within the airport.
"We look forward to working together with daa to create improved access and safety on the airfield at Dublin Airport in a construction project that will help meet the needs of its more than 31 million passengers, whilst ensuring Dublin Airport can develop as a leading European and transatlantic hub,” commented Alejandro Mendoza, Director of Operations at Sacyr UK, Ireland and Sweden.
Wills Bros and Sacyr were previously engaged in a joint venture as part of 'SWS Joint Venture' in delivering a 25km (£220 million) project to build the A6 Dungiven to Drumahoe highway, one of largest infrastructure projects built to date, and delivered for the Department for Infrastructure in Northern Ireland.
Wills Bros is one of Ireland’s leading civil engineering companies, with headquarters in Foxford, County Mayo, and Dublin. The company operates across Ireland, the UK, and mainland Europe, delivering all projects in-house across a wide range of sectors.
Aidan McCaul, Contracts Director at Wills Bros “We are delighted to be awarded this critical project for the daa. As a family-run business with over 53 years of experience, our self-delivery model has enabled us to consistently deliver large and complex civil engineering projects across Ireland. With a dedicated office in the Dublin region, we’re proud to bring our proven capability and commitment to excellence to this important development for daa.”
The need for the underpass has become increasingly urgent following the opening of the new North Runway at Dublin Airport in August 2022. The Irish Aviation Authority has confirmed that apron vehicles can no longer cross Runway 16/34, which now serves as a primary taxiway. Without the underpass, vehicle access to the West Apron would be forced onto circuitous and inefficient routes, severely impacting time-critical operations such as cargo handling and general aviation.
The twin-cell design ensures operational resilience, allowing one lane to remain open in the event of maintenance or an incident in the other. The project also includes the reconfiguration of 23,700 sqm of the airport to accommodate layout changes and associated infrastructure works.
This investment underscores daa’s commitment to maintaining the highest safety standards while supporting future growth at Dublin Airport. The underpass will play a pivotal role in enabling the airport to grow to a projected capacity of 40 million passengers per annum and to accommodate the continued expansion of cargo and contingency operations on the West Apron.
Construction will be carried out using cut-and-cover techniques, with a full traffic management plan in place to minimise disruption to airport operations and the local community.
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