Eiffage Construcción has secured an €83.2 million contract for the design and construction of the Madring urban Formula 1 circuit in Madrid, emphasizing sustainable construction practices.

Information on the Target

Eiffage Construcción, a subsidiary of Eiffage, has been awarded a significant contract for the design and construction of the new urban Formula 1 circuit, named Madring, located in Madrid, Spain. The total value of the contract amounts to €83.2 million, with Eiffage holding a share of €33.3 million. This project includes the complete creation of temporary infrastructures, encompassing construction, assembly, disassembly, and restoration of public roads following each event. Additionally, it involves the development of new roadways and the installation of event-specific facilities.

The project, backed by IFEMA Madrid, aims to combine sporting excellence with stringent environmental considerations. To meet its ecological goals, the joint venture plans to recycle approximately 700,000 m³ of earth derived from excavation work, utilizing 60% for immediate construction needs and reserving 40% for future use. Efforts to minimize the project’s carbon footprint include utilizing hydrotreated vegetable oil (HVO) as a biofuel for construction machinery and favoring photocatalytic coatings to mitigate vehicle emissions.

Industry Overview in Spain

The construction industry in Spain is a vital sector, contributing to both the economic landscape and the country's infrastructure development. Following a period of recovery after the financial crisis, the industry has shown robust growth