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  "documentTitle": "Ferrovial (FER)",
  "authorId": "20_TCI_Fund",
  "authorName": "Chris Hohn",
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  "notes": "This is the final page of a shareholder letter, including signatures.",
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      "text": "Ferrovial must also advocate for greater efficiency of air traffic management (ATM), which in turn will reduce emissions.",
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      "text": "Increasing the efficiency of the transport system by making the most of digital technologies, smart pricing and further encouraging the shift to lower emission transport modes; Speeding up the deployment of low-emission alternative energy for transport, such as advanced biofuels, electricity, hydrogen and renewable synthetic fuels and removing obstacles to the electrification of transport; Moving towards zero-emission vehicles. While further improvements to the internal combustion engine are expected, acceleration of the transition towards low- and zero-emission vehicles will be needed.",
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      "text": "Electric charging stations at all service stations; Induction charging systems, once the technology delivers an efficient option; Digital traffic management systems.",
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      "text": "Improving runway throughput via the ATM research programme SESAR; Reducing runway occupancy time (ROT) via the SESAR Enhanced Runway Throughput project; Reduce aircraft holding times and aircraft separation prior to landing using the Eurocontrol's LORD tool (a recent simulation at Zurich airport showed a 14% increase in runway throughput); Mandatory introduction of electric taxiing (which had been in development by Airbus and Safran).",
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      "text": "We appreciate the time and effort the company has made and the positive example this sets for other companies. We look forward to continuing the dialogue.",
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      "text": "A good example is Ferrovial's North Tarrant Express in the US. This is the first carbon neutral highway that uses dynamic traffic management to also ease traffic congestion on existing roads.",
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      "text": "the industry, including potential bans on old aircraft in certain regions. Currently, nine EU countries are lobbying the European Commission to introduce a carbon tax on air travel.",
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