NEWs ALL-TIME RECORD INFRASTRUCTURE BACKLOG READ MORE THREE LARGE-SCALE TRANSPORT PROJECTS FOR AUSTRALIA READ MORE The infrastructure sector of the business, whose project portfolio includes Construction, Water and other strategic activities, has beaten a new record as it achieved an income of €17.83 billion during the first nine months of the year, up almost 20% more on December 2020. Along with these results is a concessions portfolio set to generate future income of €28.12 billion, taking the total portfolio to €25.95 billion. The Group expects to close 2021 with EBITDA up 15%, despite regulatory instability in the electricity sector affecting financial results, and the generation of cash flow in 2021 and 2022. The most telling event in the first nine months has been the flotation of the Energy Division, in which the Group sold 17.3% of its capital. In consortium with Ferrovial, the company will build the new Sidney Metro West main line, which includes two 11-kilometer twin tunnels, five stations and auxiliary facilities, with a budget of €1.24 billion. Also in consortium - this time with the local CPB group - it will design and build the 3.7 kilometer landing strip for the new Western Sidney Airport, service roads, energy supply, lighting and integration of all the safety and navigation systems for the facilities. Investment in this second project will reach €3.3 billion. The Group will also be leading a group of Australians in extending Stephenson Avenue, one of the main arteries in the city of Stirling, to the north of Perth’s central business district.