01
Executive overview
Key findings
More than €2,000 million: investment planned under the Strategic Plan 2025–2030
€494.4 million: investment in 2025 (actual), up from €212.5 million in 2022
€620.3 million: estimated value of the 15-lot network repair and maintenance services tender (file 159-2025), pending award in October 2026
18,051 km: supply network, with 16,831 km of sewers and collectors and 155 wastewater treatment plants (2025)
02
Buyer relevance
Who the report is for
Network repair and pipe renewal contractors
Follow the 15-lot, €620.3 million services tender to award and identify the three Madrid pipe renewal lot holders for subcontract work.
Water meter and IoT suppliers
Track the appeal on the void €13.15 million NB-IoT meter tender and prepare for the sample testing any re-tender would require.
Treatment equipment and process suppliers
Reach the joint venture holding the €23.99 million Colmenar Viejo filtration works within a €160.4 million first-phase renovation.
Business development teams entering Spain's water market
Learn how Canal tenders, who signs and approves its contracts, and which categories to prioritise first.
03
Decision scope
Questions answered
Where does Canal de Isabel II publish its tenders?
On the Community of Madrid procurement portal, with larger contracts also in the EU Official Journal; the €620.3 million network services tender is split into 15 lots.
Who won the Madrid pipe renewal contract?
Three lots went to OHLA–Imesapi (€24.22m), Ortiz–Licuas (€24.67m) and Acciona Agua (€24.35m), awarded on 30 April 2026.
What happened to the 2026 smart meter tender?
All four lots of the €13.15 million tender were declared void on 21 September 2026, and the procedure was suspended on 26 October after an appeal.
Can Canal fund its investment programme?
Parent-company net financial debt was 1.29 times EBITDA at end-2025, and tariffs rise 3% a period to 2030, about 19.4% in total.
04
Inside the report
Inside the complete report
1. The Account at a Glance
2. Organisation and Decision-Making
3. Financial Position
4. Priorities and Pressures
5. How Canal de Isabel II Buys
6. Opportunity Register
7. Commercial Priorities: Where to Focus First
8. Watch List: What to Monitor and What to Do
Source Register
05
Public preview
What to watch next
Award of tender 159-2025 (15 lots, €620.3m)
Sets who holds network repair and maintenance work for four years.
Meter tender 129-2025 appeal
The 2026 tender was declared void and suspended on 26 October 2026.
Credit lines maturing December 2026 (€159m)
Refinancing terms affect investment capacity in 2027.
Annual tariff orders to 2030
Each order sets the revenue that funds the plan.
The Opportunity Register: live tenders, contracted programmes and emerging prospects with status, contractors and access routes.
06
Included
What you receive
The complete PDF report: 11 pages, 9 sections, 6 tables and a register of 22 sources.
This edition
October 2026, First edition.
07
Evidence & method
Evidence and method
The brief draws on Canal de Isabel II's FY 2025 audited accounts, tender and award records on the Community of Madrid procurement portal, EU Official Journal (TED) notices, BOCM contract notices, Community of Madrid decrees and Governing Council releases, and the EIB loan announcement, checked on 29 October 2026.
Sources
22 sources, listed in the report's source register. Evidence current to 29 October 2026. Principal data periods: FY 2025 audited results; Strategic Plan 2025–2030; tariff framework 2025–2030. Project and procurement status checked against public sources on 29 October 2026. All currency is euros (€)..
08
Lead analyst
Robert C. Brears
Founder, Our Future Water Intelligence
Robert C. Brears is a water-security specialist and author whose work examines utility governance, infrastructure investment, climate resilience and long-term water-system change for executive and policy audiences.
- Decision-focused utility intelligence
- Published water-policy author
- Evidence-grounded system analysis
09
Buyer FAQs
Before you purchase
Who can use the report?
Licensed for internal use within one purchasing organization. The PDF and its contents may be shared with colleagues within that organization. External redistribution, resale and public publication are prohibited without permission.
How is the report delivered?
The PDF is available to download immediately after confirmed payment, through our secure delivery system.
Can my organization buy wider access?
Institutional purchasing: For invoice enquiries, multi-organization licensing or broader access requirements, contact Our Future Water Intelligence.
10
Canal de Isabel II: Utility Account Brief
- Format
- Length
- 11 pages
- Edition
- October 2026, First edition
- Price
- USD 499
11
Report details
Publication details
- Publisher
- Our Future Water Intelligence
- Report family
- Utility Account Brief
- Edition
- October 2026, First edition
- Format
- Length
- 11 pages
- Reference
- OFW_EXT_CANAL_DE_ISABEL_II_UTILITY_ACCOUNT_BRIEF_dd4c4969a60d
- Evidence current to
- 29 October 2026
14
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