Spain-based Globalvia is a worldwide infrastructure concession management leader which has caught the attention of the BV judging panel. A key issue for roads PPPs (private-public partnerships) is how the concessionaire is to be paid, and who is to bear the traffic and revenue risks. Globalvia has excelled in making this delicate balancing act a free and fair exercise, and has been consistently ranked as an industry leader for the past 10 years. The company, established in 2007 and led by three international pension funds, manages 27 projects in eight countries specialising in highways and railways – including the granddaddy of all road and rail countries, the US. Most Ethical Concessions Management Team (Global) Award duly conferred.