• P3 Projects

We completed the structure of the new Velindre Cancer Centre!

The construction of this healthcare facility Cardiff (Wales, UK), has reached a significant milestone: we have completed its main structure. The construction team and the local authorities celebrated the symbolic topping out event.

The construction of the new Velindre Hospital, located in Wales (UK), has reached a very significant milestone: we have completed the structure of the building.

To celebrate this milestone, we organized a topping out event attended by representatives of Sacyr and the other stakeholders involved: Velindre University NHS Trust, the Acorn consortium, the Welsh Government and the Velindre Cancer Charity.

The attendees performed the traditional "sprig ceremony", which consists of fixing a pine branch to the highest point of the building.

 

60,000

sqm 

of constructed surface

7.68

hectares

of land

1,7

million people

beneficiaries

The new 60,000 sqm cancer centre is designed to meet the growing need for cancer care in Wales and will serve 1.7 million people.

The project is being executed by the Acorn consortium, comprising Sacyr, Kajima Partnerships, abrdn, the Development Bank of Wales and a range of long-term funders.

The nVCC (new Velindre Cancer Center) will strengthen the capacity of the Velindre Cancer Service to provide state-of-the-art radiotherapy and systemic anticancer therapy. It will have one of the largest radiotherapy units in the United Kingdom, equipped with 10 state-of-the-art linear accelerators.

This project will improve the quality of care and clinical outcomes for patients in Wales through world-class cancer treatment, enhanced diagnostic capability and greater access to innovation, training and research.

Sustainability at the core

The centre is also being built with sustainability at its core. It will be fully electric from day one, designed to meet the highest environmental standards, and constructed using low-carbon and locally sourced materials wherever possible.

As the project moves into the next stage of construction, more of the internal fit-out will start alongside preparing the building for commissioning ahead of its opening in Spring 2027.
 

Featured projects
  • Water

World Water Day: 30 years committed to the future of water

At Sacyr Agua, we have spent three decades dedicated to protecting, transforming and returning water to the planet in a responsible manner. Our commitment to the sustainable management of water resources is an essential part of our raison d'être.

We work to optimize every drop: we produce fresh water through desalination, treat and regenerate the water used for new uses and ensure that it is returned to nature in optimal conditions.

Over the past 30 years, we have built more than 100 treatment plants. Today we are the largest operators of desalinated water in Spain, supplying 16 million people in five countries and contributing to the irrigation of 25,000 hectares of agricultural land thanks to the water transformed in our facilities.

At Sacyr Water, we stand out for the versatility of our contracts. We manage the integral water cycle in several cities, operate and maintain facilities, build treatment plants and manage long-term investment contracts for water infrastructure.

Efficient management

Our experience and technical excellence are reflected in the efficient management of multiple sources of supply and in the quality of the design and construction of facilities that optimize natural resources and minimize environmental impact.

We are Water Positive: we generate a net positive impact, creating water resources for future generations. Innovation is our driving force, enabling us to continuously improve our processes, energize the economy, ensure water availability and drive key sectors such as agriculture and industry.

Every day, Sacyr Water's 2,000 professionals work to guarantee this essential resource for life.

More information at: www.sacyragua.com

Featured projects
  • Results

FY 2025 Results presentation

The company announces call notice of the group’s FY-2025 results presentation

The results will be released on Thursday, February 26 th, 2026, after market close in CNMV and on our website.

The results presentation will be held on Friday, February 27 th, 2026, at 12:00h (CET) by audio-webcast in real time, accessible through this link.

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

Featured projects
  • Innovation

We publish our 2025 Information Report: creativity, collaboration and future

We are launching a new edition of this document in which we highlight the investment of €8.2 million in the development of new solutions and the implementation of 42 innovation projects.

We present the 2025 Innovation Report, a journey through everything we have been able to achieve together. Every project, every idea and every collaboration demonstrates that innovation is the driving force behind our drive to transform the world and meet our challenges.

During 2025, we allocated €8.2 million to the development of new solutions and launched 42 innovation projects. In addition, 40% of the initiatives had sustainability at their core, reaffirming our will to care for the planet as we move forward.

Innovation was also born of collaboration. Thanks to our commitment to Open Innovation, we developed 13 projects in alliance with startups, demonstrating that shared talent amplifies our capabilities and allows us to look further ahead.

Internal participation is also key. More than 2,700 professionals joined initiatives such as the 3 iFridays and 8 iPodcasts, spaces that inspire, connect and bring together new ways of thinking. And we celebrated the 10th edition of the Natural Innovators Awards, with 117 nominations from 11 countries, where we recognized the talent, creativity and innovative drive of 18 people.

With each step taken, we reinforce our commitment to a more efficient and sustainable infrastructure model with a positive impact on society and the environment. Innovation will continue to guide our roadmap and open up new opportunities to continue transforming the world we share.

Discover the 2025 Innovation Report here.

Featured projects
  • P3 Projects

Pedemontana-Veneta, our great concession

In the third chapter of the series on emblematic projects in Sacyr's 40-year history, we talk about the largest concession in the company's portfolio: the Pedemontana-Veneta highway in northern Italy.

We review this infrastructure with José Alberto Ruiz Pelayo and Beatriz Jiménez Uribe, who give us the keys to its development.

We traveled to northern Italy to visit the third emblematic project in our series on Sacyr's 40-year history.

The Pedemontana-Veneta highway is the largest concession in our portfolio. Its 162-kilometer route connects the cities of Vicenza and Treviso, located in one of Italy's most important industrial hubs. The highway became fully operational in 2023 and is one of the most modern infrastructures in the country.

The Pedemontana-Veneta was developed by SIS consortium, the vehicle through which we invested in Italy together with our local partner Fininc.

162

km

of the route between Vicenza and Treviso

2023-2063

start and end of operation date

1,571

M€

of bond financing

A logistical challenge

To explain how this project was developed, we spoke with José Alberto Ruiz Pelayo, then Italy Operations Manager, and Beatriz Uribe Jiménez, Facilities Production Manager.

"The most disruptive construction techniques focused on mitigating the environmental and visual impact," explains José Alberto.

One of the most relevant challenges of the project was overcoming the Covid-19 pandemic. "There was a shortage of construction materials that we had to overcome with a logistical system that allowed us to meet the project deadlines," emphasizes Beatriz Uribe.

Featured projects
162

km

of the route between Vicenza and Treviso

2023-2063

start and end of operation date

1,571

M€

of bond financing

A logistical challenge

To explain how this project was developed, we spoke with José Alberto Ruiz Pelayo, then Italy Operations Manager, and Beatriz Uribe Jiménez, Facilities Production Manager.

"The most disruptive construction techniques focused on mitigating the environmental and visual impact," explains José Alberto.

One of the most relevant challenges of the project was overcoming the Covid-19 pandemic. "There was a shortage of construction materials that we had to overcome with a logistical system that allowed us to meet the project deadlines," emphasizes Beatriz Uribe.

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4 Documents
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1 Document
28.300 m2

construcción nuevo museo

Superficie

645

M€

Inversión 

Revitalización de Ontario Place

El nuevo Museo de Ciencias de Ontario es una pieza clave en la transformación de Ontario Place, un espacio cultural emblemático junto al lago Ontario que será renovado para convertirse en un moderno hub científico y recreativo. El proyecto contempla: La construcción del nuevo museo, con unos 28.300 m², la rehabilitación de los Pods y la Cinesphere, que suman 6.600 m², nuevas pasarelas peatonales que conectarán los distintos elementos del complejo, la preservación e integración de activos patrimoniales históricos.

La Cinesphere mantendrá su función como sala de proyección, mientras que los Pods serán modernizados para integrarse en el nuevo recorrido museístico. Sacyr y Amico ya colaboraron previamente en el proyecto sanitario Grandview Kids en Ajax. El contrato incluye también el mantenimiento de la instalación durante 30 años, que será ejecutado por Johnson Controls

El nuevo museo será una instalación de categoría mundial orientada a despertar la curiosidad científica de visitantes de todas las edades. Su programación educativa, con fuerte base STEM, lo convertirá en uno de los principales centros de divulgación científica de Canadá.
 

Participación de Sacyr

Una joint venture formada por Sacyr y Amico ejecutará la construcción del proyecto. Está previsto que las obras comiencen en primavera de 2026, generando empleo local y una actividad constructiva significativa.

Este proyecto representa la primera concesión de Sacyr en Canadá, un hito alineado con el Plan Estratégico 2024–2027, que establece como prioridad el crecimiento de la cartera concesional en países de habla inglesa

El contrato tiene un valor de 1.040 millones de dólares canadienses (aprox. 645 millones de euros). 
 

Foto de la oficina de Turismo de Villardeciervos

False promises that have depopulated our mountains

Jesús Alcanda Vergara, Forestry engineer in the Energy division of Sacyr Water, explains in this article how land-use planning decisions have displaced Spain’s rural population over recent decades.  

Jesús Alcanda Vergara

Energy division of Sacyr Water

 

It was 1991 when my friend Luis Carlos and I met at the Natural Environment Service of Zamora with José Luis Montero de Burgos (who had served for 20 years as Head of the National Reforestation Service of the Ministry of Agriculture). We were attending a meeting with the Service’s technical staff to hear the guidelines they intended to propose for a reforestation project covering 6,000 hectares devastated by fire in the Sierra de la Culebra—a project whose drafting had been entrusted to us.

Each time the Service presented an approach, Montero de Burgos, supported by decades of experience, insisted on the need to involve local people and respect their traditional practices and livelihoods. He repeated this warning again and again, responding to every new proposal put forward by the technicians.

Eventually, the discussion shifted toward what they considered to be “the problem” posed by the residents of the Sierra, which had already been proposed as a Protected Landscape.

So enthusiastic were these technicians that, with astonishing unanimity and without the slightest embarrassment, they reached an extraordinary conclusion: that what truly did not belong in the Sierra de la Culebra was the people who lived there.

They made it clear that, in order to manage this protected natural space, the local population was “excessive,” and that it should be a priority to remove as many residents as possible.

Today, 35 years later, these technicians—some of whom have since passed away—must feel satisfied. Their wishes have almost been fulfilled: the population of this Protected Landscape has been reduced by half.

Public Administrations are quick to invoke phrases such as “land management,” abstract formulas that promise what is impossible precisely because of their abstraction.

By mobilizing staff and departments around such slogans, they forget their original purpose: to administer, to serve, to allocate resources responsibly, to care for the common good. In doing so, they betray the very etymology of the word administration. Governments and their agencies—ministries, departments, councils—are meant to govern people, not merely manage things.

By replacing the verb to administer with to manage, public institutions forget their essential role: serving society. Instead, they reduce their mission to the technical control of objects and territories, detached from the people who inhabit them.

If it is already misguided to substitute administration with “management,” it is even worse to apply this logic to something as vague and complex as “territory.” This intellectual confusion becomes outright delirium when authorities decide to grant rights not to people, but to things.

To grant rights to land, rather than to human beings, and to place those rights above human needs, is a profoundly dehumanizing act. It separates power from responsibility and regulation from justice.

Following this path leads to the idea that natural spaces themselves must possess rights—an idea that has generated a chain of ecological, economic, labor, administrative, and demographic problems that shape our present. Only willful blindness could deny this.

Let us not look away. The socio-economic decline of medium- and high-mountain regions—especially within protected areas—and their resulting depopulation have a clear main cause: the Natural Environment Administration, whatever name we choose to give it. Other public bodies have played little or no role; in most cases, their involvement has been marginal at best.

For decades, this administration has acted as the absolute “Lord of the Land,” regulating every possible use, activity, and initiative that local residents might attempt. As a result, marginalized and impoverished inhabitants have been forced to abandon their land and their homes.

Congratulations: the “land managers” can now do as they please. The people are no longer in the way. Those who remain have surrendered.
Below are several examples of population decline in municipalities located within Protected Natural Areas in mainland Spain between 1986 and 2022.
These are not just place names. They are real towns that survived for centuries thanks to the efforts of their inhabitants. Today, their descendants are being steadily pushed out. The population figures show percentage changes compared to the population at the beginning of the period. All data come from Spain’s National Statistics Institute (INE).

Let us begin with the Sierra de la Culebra Protected Landscape and Special Conservation Area, where 61,000 hectares were declared protected.

 

 
 

While Spain’s total population grew by 37% between 1986 and 2022, the population of the Sierra de la Culebra fell by 48%. This 85-point gap can rightly be called a demographic hemorrhage.

Next, consider the Montaña de Riaño and Mampodre Regional Park (León), where 101,000 hectares were protected.

 

 
 

The results are equally bleak. Acebedo, Burón, Crémenes, and Maraña have been virtually wiped out. The park has lost half of its population. If this designation had created real economic opportunities, such an exodus would not have occurred.

Finally, let us look at the Baixa Limia–Serra do Xurés Natural Park in Ourense (Galicia), where up to 30,000 hectares were protected, mostly on privately owned land.

Here, population loss reaches 67%. 
 

 
 

The figures speak for themselves.

  • From 1986 to 2022, the Montes Obarenses–San Zadornil Natural Park (Burgos) experienced a population decline of 41% across its 16 municipalities. 
  • The Sierra de Gredos Regional Park (Ávila) lost 51% of its population in 28 villages during the same period. 
  • In the Montaña Palentina Natural Park, population fell by 46% in 10 villages.
  • The Arribes del Duero Natural Park saw a decline of 52% in its 24 villages in Salamanca and 46% in its 13 villages in Zamora. 
  • In the Serranía de Cuenca Natural Park, 43% of the population left its 12 municipalities. 
  • The Sierra de Alcudia and Sierra Madrona Natural Park (Ciudad Real) lost 44% of its population across eight major municipalities. 
  • Finally, in the Alto Tajo Natural Park (Guadalajara), 35 municipalities experienced a population decline of 51%.

What has happened in these mountain regions bears the unmistakable imprint of environmental administrations, supported by an endless web of national, regional, and European laws, decrees, and regulations. Together, they have turned these agencies into unquestionable rulers of rural land.

This suffocating regulatory framework has been meticulously designed. It imposes countless prohibitions, restrictions, and obligations on both land and activities. Authorities then enforce every rule with rigor, leaving no room for local initiative or economic development.

Any positive counterexample is merely an exception that confirms the rule.

These long-term demographic trends make one thing clear: the creation of Protected Natural Areas has not delivered the promised social and economic benefits. Yet this promise continues to be repeated by new advocates of new protected areas.

When these spaces were declared, residents were promised prosperity and opportunity. We have shown that these promises were false. For half of the population, protection has meant decline, not progress.

This is what happens when rights are systematically granted to things instead of to people.

 

 

 

 

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