Ferrovial SE (NASDAQ:FER) is one of the Cheap NASDAQ Stocks To Buy in 2026. On February 16, Ferrovial SE (NASDAQ:FER) announced landing a new £80 million contract to upgrade the Slough Sewage Treatment Works (STW) for Thames Water in the UK.
Management noted that this project will be handled by a joint venture with Cadagua. The project is aimed at modernizing the plant so that it meets stricter Environment Agency rules on wastewater quality. The joint venture plans to do this by cutting ammonia and phosphorus levels and by better handling of the storm overflows.
Moreover, the companies also plan to expand the treatment capacity by adding a new power supply and will also add a backup system for reliability and sustainability. This will result in cleaner rivers and healthier ecosystems. The project design started in November 2025, and the construction is expected to start in 2027. Management noted that this project aligns with the company’s strategy to integrate global expertise with local delivery.
Ferrovial SE (NASDAQ:FER) is a European infrastructure company that builds and operates large transport and energy assets such as roads, airports, and power networks.
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