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Inabensa has been awarded the project for the construction and running of Hospital del Tajo, in Aranjuez, Madrid

June 28, 2005

Seville, June 28, 2005. Instalaciones Inabensa, which belongs to Abeinsa, head of the Business Group of Engineering and Industrial Construction of Abengoa has been awarded in joint venture with, Constructora Hispanica, Construcciones Sánchez Domínguez-Sando, a contract for the execution of the project, construction and running of Hospital del Tajo. This hospital will be located at the Aranjuez municipal area, in Madrid. The amount of this project is 58 million euros.

The contract has been awarded by the form of concession. This means that the Civil Services cede the use of the field to the Concessionary Company in order to build, run the hospital and some services and facilities. The project will be developed by private financing (Project Finance). This means that the awarded joint venture will pay all expenses of the construction, maintenance and financial costs during the lifetime of the concession (30 years). The Joint Venture will receive from Madrid Community the consideration of an annual amount that it will depend on an annual average of occupancy of the facilities.

The concession means the provision of cleaning services, comprehensive security, restoration management, urban and hospital waste, comprehensive maintenance, preservation of roads and gardens, laundry, sterilization, disinfections and rodent control, external and internal transport, stock management, management of information and telephone staff and commercial operations.

According to Alfonso González, Abeinsa's Chairman “Inabensa becomes a leading company into the Structured Financings (Project Finance) sector. It presents proposals in this system for hospital, prison, law, energetic and management of institutions sectors”.

Inabensa’s experience on projects with this type of financing is hallmarked by the execution of similar type projects such as the 11.6 million euro contract, awarded last April, for the construction of three courthouse buildings in Barcelona, in the towns of Olot, Cerdanyola, and Santa Coloma de Gramanet.

Inabensa, subsidiary company of Abeinsa, is the leading firm in Engineering and Industrial Construction of the Business Group Abengoa. Its activity is focused in the engineering, construction and maintenance of the electrical, mechanical and instrumentation infrastructure in the areas of energy, industry, transport and services. Also its activity extends to promotion, construction and the operation of industrial, energetic conventional plants (cogeneration and combined cycle), renewable plants (bioethanol, biomass, wind electric, solar plant and geothermy) and telecommunication networks and turn-key projects (

Abengoa, a listed industrial and technology company with stock capital in excess of 657 million euro (31/12/2004), provides solutions for Sustainable Development, the Information and Knowledge Society, and for the Creation of Infrastructures. It currently operates in four large business sectors: Bioenergy, where it is the world's No. 2 producer of bioethanol; Environmental Services, where it is leader in Europe in segments of the industrial waste market; Information Technologies, where it is one of the main role players at international level, with operations in Europe, the Americas and Asia; and Industrial Engineering and Construction, where it is leader in Spain and Latin America. (

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