Ferrovial subsidiary Cintra has sold its 89.2% stake in the Euroscut Azores toll road to infrastructure funds Horizon Equity Partners and RiverRock for EUR42.6 million (US$46.6 million) in Portugal.

Ferrovial has entered into an agreement to provide technical services to the concession company for a period of 2 years, with the possibility of extension through mutual understanding. This sale will allow Ferrovial to remove the entire gross debt of the project, amounting to EUR284 million (US$310 million), from its financial statements. Cintra, Ferrovial's toll road division, is expertise in developing and operating transport infrastructure concessions. Currently, Cintra manages 1,262 km across 22 concessions in 9 countries.

The Euroscut Azores toll road, spanning over 93 km consists of 3 sections: a southern section connecting the airport to the south of the island, a northern section improving connectivity between the island's key cities, and a northeast section facilitating communication among more remote towns in São Miguel. The road was constructed in 2011 and operated under a concession until 2036.