The Financial Times published a story called Ferrovial faces revolt over Cintra move on 11 March 2009. It described how toll company Cintra shareholders are rebelling against plans by construction Ferrovial, its parent comppany, to fully subsume Cintra. One of the group of investors rebelling is the Universities Superannuation Scheme (USS), which is the second largest pension fund for universities in the UK and Northern Ireland. Cintra is the tolling concessionaire for the M3 motorway, and Ferrovial is the construction company building it. Cintra shareholders, including USS, will profit from the M3, while pensions of public servants are being levied, in order to pay for the construction costs of the M3. Many academics in the UK and Northern Ireland, who protested against the M3, will be shocked to hear that it will be contributing to their pensions. Hundreds signed letters of protest to the M3, and they must now force USS to revolt and take an ethical stand on the M3. Such actions have occurred in the past, when People and Plant led a campaign for ethical investment in USS.
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