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    <link:label id="lab_fer_I77TollRoadMember_documentation_en-US" xlink:label="lab_fer_I77TollRoadMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">I77 toll road</link:label>
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    <link:label id="lab_fer_ProfitLossOnDerivativesAndOtherNetFinancialIncomeExpense_label_en-US" xlink:label="lab_fer_ProfitLossOnDerivativesAndOtherNetFinancialIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit loss on derivatives and other net financial income expense</link:label>
    <link:label id="lab_fer_ProfitLossOnDerivativesAndOtherNetFinancialIncomeExpense_documentation_en-US" xlink:label="lab_fer_ProfitLossOnDerivativesAndOtherNetFinancialIncomeExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Profit loss on derivatives and other net financial income expense</link:label>
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    <link:label id="lab_fer_ProfitlossOnDerivativesAndOtherNetFinancialIncomeexpenseVariation_01a0f8ed-ccbe-79e2-8572-7121a578e883_terseLabel_en-US" xlink:label="lab_fer_ProfitlossOnDerivativesAndOtherNetFinancialIncomeexpenseVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit/(loss) on derivatives and other net financial income/(expense) variation</link:label>
    <link:label id="lab_fer_ProfitlossOnDerivativesAndOtherNetFinancialIncomeexpenseVariation_label_en-US" xlink:label="lab_fer_ProfitlossOnDerivativesAndOtherNetFinancialIncomeexpenseVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit/(loss) on derivatives and other net financial income/(expense) variation</link:label>
    <link:label id="lab_fer_ProfitlossOnDerivativesAndOtherNetFinancialIncomeexpenseVariation_documentation_en-US" xlink:label="lab_fer_ProfitlossOnDerivativesAndOtherNetFinancialIncomeexpenseVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Profit/(loss) on derivatives and other net financial income/(expense) variation</link:label>
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    <link:label id="lab_fer_ReportedRevenueMember_label_en-US" xlink:label="lab_fer_ReportedRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reported revenue [Member]</link:label>
    <link:label id="lab_fer_ReportedRevenueMember_documentation_en-US" xlink:label="lab_fer_ReportedRevenueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reported revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ReportedRevenueMember" xlink:href="fer-20251231.xsd#fer_ReportedRevenueMember"/>
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    <link:label id="lab_fer_NTEMember_01a0f907-db86-7816-87cc-d5685074b7a7_terseLabel_en-US" xlink:label="lab_fer_NTEMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NTE</link:label>
    <link:label id="lab_fer_NTEMember_label_en-US" xlink:label="lab_fer_NTEMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NTE [Member]</link:label>
    <link:label id="lab_fer_NTEMember_documentation_en-US" xlink:label="lab_fer_NTEMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">NTE</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_NTEMember" xlink:href="fer-20251231.xsd#fer_NTEMember"/>
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    <link:label id="lab_fer_FinancialResultOfInfrastructureProjects_label_en-US" xlink:label="lab_fer_FinancialResultOfInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result of infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultOfInfrastructureProjects_documentation_en-US" xlink:label="lab_fer_FinancialResultOfInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial result of infrastructure projects</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinancialResultOfInfrastructureProjects" xlink:href="fer-20251231.xsd#fer_FinancialResultOfInfrastructureProjects"/>
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    <link:label id="lab_fer_AdjustedEBITDA_label_en-US" xlink:label="lab_fer_AdjustedEBITDA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted EBITDA</link:label>
    <link:label id="lab_fer_AdjustedEBITDA_documentation_en-US" xlink:label="lab_fer_AdjustedEBITDA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted EBITDA</link:label>
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    <link:label id="lab_fer_ConcessionOperatorDomain_label_en-US" xlink:label="lab_fer_ConcessionOperatorDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concession operator [Domain]</link:label>
    <link:label id="lab_fer_ConcessionOperatorDomain_documentation_en-US" xlink:label="lab_fer_ConcessionOperatorDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Concession operator</link:label>
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    <link:label id="lab_fer_NetProfitlossForTheYearAttributedToTheParentCompanyVariation_01a0f8f4-e14b-78c9-9268-b77436fe83f5_terseLabel_en-US" xlink:label="lab_fer_NetProfitlossForTheYearAttributedToTheParentCompanyVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net profit/(loss) for the year attributed to the parent company variation</link:label>
    <link:label id="lab_fer_NetProfitlossForTheYearAttributedToTheParentCompanyVariation_label_en-US" xlink:label="lab_fer_NetProfitlossForTheYearAttributedToTheParentCompanyVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net profit/(loss) for the year attributed to the parent company variation</link:label>
    <link:label id="lab_fer_NetProfitlossForTheYearAttributedToTheParentCompanyVariation_documentation_en-US" xlink:label="lab_fer_NetProfitlossForTheYearAttributedToTheParentCompanyVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net profit/(loss) for the year attributed to the parent company variation</link:label>
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    <link:loc xlink:type="locator" xlink:label="loc_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjects" xlink:href="fer-20251231.xsd#fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjects" xlink:to="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjects" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_PersonnelExpensesVariation_01a0f8eb-3bc5-7e4d-9d67-7fb4481d81f5_terseLabel_en-US" xlink:label="lab_fer_PersonnelExpensesVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Personnel expenses variation</link:label>
    <link:label id="lab_fer_PersonnelExpensesVariation_label_en-US" xlink:label="lab_fer_PersonnelExpensesVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Personnel expenses variation</link:label>
    <link:label id="lab_fer_PersonnelExpensesVariation_documentation_en-US" xlink:label="lab_fer_PersonnelExpensesVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Personnel expenses variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_PersonnelExpensesVariation" xlink:href="fer-20251231.xsd#fer_PersonnelExpensesVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_PersonnelExpensesVariation" xlink:to="lab_fer_PersonnelExpensesVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OtherOperatingExpensesVariationPercentage_01a0f8ea-743e-7cb4-86da-8db022d99724_terseLabel_en-US" xlink:label="lab_fer_OtherOperatingExpensesVariationPercentage" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other operating expenses variation percentage</link:label>
    <link:label id="lab_fer_OtherOperatingExpensesVariationPercentage_label_en-US" xlink:label="lab_fer_OtherOperatingExpensesVariationPercentage" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other operating expenses variation percentage</link:label>
    <link:label id="lab_fer_OtherOperatingExpensesVariationPercentage_documentation_en-US" xlink:label="lab_fer_OtherOperatingExpensesVariationPercentage" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other operating expenses variation percentage</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OtherOperatingExpensesVariationPercentage" xlink:href="fer-20251231.xsd#fer_OtherOperatingExpensesVariationPercentage"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OtherOperatingExpensesVariationPercentage" xlink:to="lab_fer_OtherOperatingExpensesVariationPercentage" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_NetProfitlossVariation_01a0f8f4-1396-7068-8177-87cdbb0d3622_terseLabel_en-US" xlink:label="lab_fer_NetProfitlossVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net profit/(loss) variation</link:label>
    <link:label id="lab_fer_NetProfitlossVariation_label_en-US" xlink:label="lab_fer_NetProfitlossVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net profit/(loss) variation</link:label>
    <link:label id="lab_fer_NetProfitlossVariation_documentation_en-US" xlink:label="lab_fer_NetProfitlossVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net profit/(loss) variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_NetProfitlossVariation" xlink:href="fer-20251231.xsd#fer_NetProfitlossVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_NetProfitlossVariation" xlink:to="lab_fer_NetProfitlossVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_OperatingExpense_01a0cd4e-a801-74f7-a18a-63961e9ce7c7_terseLabel_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating expense, operating</link:label>
    <link:label id="lab_ifrs-full_OperatingExpense_label_en-US" xlink:label="lab_ifrs-full_OperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating expense, operating</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_OperatingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_OperatingExpense" xlink:to="lab_ifrs-full_OperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_IncomeTaxBenefitExpenseVariation_01a0f8f2-d583-7b04-9144-422460819e60_terseLabel_en-US" xlink:label="lab_fer_IncomeTaxBenefitExpenseVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax benefit / (expense) variation</link:label>
    <link:label id="lab_fer_IncomeTaxBenefitExpenseVariation_label_en-US" xlink:label="lab_fer_IncomeTaxBenefitExpenseVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax benefit / (expense) variation</link:label>
    <link:label id="lab_fer_IncomeTaxBenefitExpenseVariation_documentation_en-US" xlink:label="lab_fer_IncomeTaxBenefitExpenseVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Income tax benefit / (expense) variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_IncomeTaxBenefitExpenseVariation" xlink:href="fer-20251231.xsd#fer_IncomeTaxBenefitExpenseVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_IncomeTaxBenefitExpenseVariation" xlink:to="lab_fer_IncomeTaxBenefitExpenseVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CityAreaCode_01a0cd4e-a5dc-72b3-8d5b-11810d2b6857_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:label id="lab_dei_CityAreaCode_label_en-US" xlink:label="lab_dei_CityAreaCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode" xlink:to="lab_dei_CityAreaCode" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OthersMember_01a0cd4e-a5db-74b1-a2e0-c44974445982_terseLabel_en-US" xlink:label="lab_fer_OthersMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Others [Member]</link:label>
    <link:label id="lab_fer_OthersMember_label_en-US" xlink:label="lab_fer_OthersMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Others [Member]</link:label>
    <link:label id="lab_fer_OthersMember_documentation_en-US" xlink:label="lab_fer_OthersMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Others</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OthersMember" xlink:href="fer-20251231.xsd#fer_OthersMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OthersMember" xlink:to="lab_fer_OthersMember" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_USD_01a0cd4e-a551-76f7-ad93-c9e1dfab9b43_terseLabel_en-US" xlink:label="lab_currency_USD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">United States of America, Dollars</link:label>
    <link:label id="lab_currency_USD_label_en-US" xlink:label="lab_currency_USD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United States of America, Dollars</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_USD" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_USD"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_USD" xlink:to="lab_currency_USD" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_01a0cd4e-a5dc-720f-8a01-dbeb49b4718e_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="lab_ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromDiscontinuedOperations_01a0f92c-3878-7014-915a-36e89e400753_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss) from discontinued operations, discontinued operations</link:label>
    <link:label id="lab_ifrs-full_ProfitLossFromDiscontinuedOperations_label_en-US" xlink:label="lab_ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) from discontinued operations, discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:to="lab_ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_01a0cd4e-a5db-798e-9cc0-f58c126554f1_negatedTerseLabel_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates accounted for using equity method, investing</link:label>
    <link:label id="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod_label_en-US" xlink:label="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profit (loss) of associates accounted for using equity method, investing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:to="lab_ifrs-full_ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ComparableRevenueReconciliationAxis_01a0f91f-aea0-7abd-a613-836ec2977d30_terseLabel_en-US" xlink:label="lab_fer_ComparableRevenueReconciliationAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comparable revenue reconciliation [Axis]</link:label>
    <link:label id="lab_fer_ComparableRevenueReconciliationAxis_label_en-US" xlink:label="lab_fer_ComparableRevenueReconciliationAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comparable revenue reconciliation [Axis]</link:label>
    <link:label id="lab_fer_ComparableRevenueReconciliationAxis_documentation_en-US" xlink:label="lab_fer_ComparableRevenueReconciliationAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Comparable revenue reconciliation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ComparableRevenueReconciliationAxis" xlink:href="fer-20251231.xsd#fer_ComparableRevenueReconciliationAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ComparableRevenueReconciliationAxis" xlink:to="lab_fer_ComparableRevenueReconciliationAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_AllCurrenciesDomain_01a0cd4e-a6a3-731a-8924-6c44499b59ef_terseLabel_en-US" xlink:label="lab_currency_AllCurrenciesDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">All Currencies [Domain]</link:label>
    <link:label id="lab_currency_AllCurrenciesDomain_label_en-US" xlink:label="lab_currency_AllCurrenciesDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">All Currencies [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AllCurrenciesDomain" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_AllCurrenciesDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_AllCurrenciesDomain" xlink:to="lab_currency_AllCurrenciesDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects_01a0cd4e-a6a3-77f4-8898-fd59a78fde45_terseLabel_en-US" xlink:label="lab_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Result on derivatives and other financial results infrastructure projects</link:label>
    <link:label id="lab_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects_label_en-US" xlink:label="lab_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Result on derivatives and other financial results infrastructure projects</link:label>
    <link:label id="lab_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects_documentation_en-US" xlink:label="lab_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Result on derivatives and other financial results infrastructure projects</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects" xlink:href="fer-20251231.xsd#fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects" xlink:to="lab_fer_ResultOnDerivativesAndOtherFinancialResultsInfrastructureProjects" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_01a0cd4e-a6a3-7534-96bd-294db6521b7a_terseLabel_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
    <link:label id="lab_dei_EntityAddressesAddressTypeAxis_label_en-US" xlink:label="lab_dei_EntityAddressesAddressTypeAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Addresses, Address Type [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressesAddressTypeAxis" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressesAddressTypeAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressesAddressTypeAxis" xlink:to="lab_dei_EntityAddressesAddressTypeAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_TrafficTrends_01a0f907-db86-7d8e-b46f-9d0a5688cde7_terseLabel_en-US" xlink:label="lab_fer_TrafficTrends" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Traffic trends</link:label>
    <link:label id="lab_fer_TrafficTrends_label_en-US" xlink:label="lab_fer_TrafficTrends" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Traffic trends</link:label>
    <link:label id="lab_fer_TrafficTrends_documentation_en-US" xlink:label="lab_fer_TrafficTrends" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Traffic trends</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_TrafficTrends" xlink:href="fer-20251231.xsd#fer_TrafficTrends"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_TrafficTrends" xlink:to="lab_fer_TrafficTrends" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_LBJTollRoadMember_01a0f907-db86-72fe-8484-d2cd8e160e04_terseLabel_en-US" xlink:label="lab_fer_LBJTollRoadMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">LBJ Toll Road</link:label>
    <link:label id="lab_fer_LBJTollRoadMember_label_en-US" xlink:label="lab_fer_LBJTollRoadMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LBJ Toll Road [Member]</link:label>
    <link:label id="lab_fer_LBJTollRoadMember_documentation_en-US" xlink:label="lab_fer_LBJTollRoadMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">LBJ Toll Road</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_LBJTollRoadMember" xlink:href="fer-20251231.xsd#fer_LBJTollRoadMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_LBJTollRoadMember" xlink:to="lab_fer_LBJTollRoadMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_01a0cd4e-a6a3-76d3-ae89-63bad504be43_terseLabel_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:label id="lab_dei_EntityWellKnownSeasonedIssuer_label_en-US" xlink:label="lab_dei_EntityWellKnownSeasonedIssuer" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityWellKnownSeasonedIssuer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityWellKnownSeasonedIssuer" xlink:to="lab_dei_EntityWellKnownSeasonedIssuer" xlink:type="arc" order="1"/>
    <link:label id="lab_country_CA_01a0cd4e-a801-795f-b0b0-2f5ee9937517_terseLabel_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
    <link:label id="lab_country_CA_label_en-US" xlink:label="lab_country_CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CANADA</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_CA" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CA"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CA" xlink:to="lab_country_CA" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinanceIncomeCostOfTheEntity_01a0cd4e-a551-7927-9477-97e07d2c1145_negatedTerseLabel_en-US" xlink:label="lab_fer_FinanceIncomeCostOfTheEntity" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Finance income (cost)</link:label>
    <link:label id="lab_fer_FinanceIncomeCostOfTheEntity_label_en-US" xlink:label="lab_fer_FinanceIncomeCostOfTheEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income cost of the entity</link:label>
    <link:label id="lab_fer_FinanceIncomeCostOfTheEntity_documentation_en-US" xlink:label="lab_fer_FinanceIncomeCostOfTheEntity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of income or cost associated with interest and other financing activities of the entity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinanceIncomeCostOfTheEntity" xlink:href="fer-20251231.xsd#fer_FinanceIncomeCostOfTheEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinanceIncomeCostOfTheEntity" xlink:to="lab_fer_FinanceIncomeCostOfTheEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_country_CL_01a0cd4e-a801-7f8c-90ca-24c8942cae2c_terseLabel_en-US" xlink:label="lab_country_CL" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">CHILE</link:label>
    <link:label id="lab_country_CL_label_en-US" xlink:label="lab_country_CL" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CHILE</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_CL" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CL"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CL" xlink:to="lab_country_CL" xlink:type="arc" order="1"/>
    <link:label id="lab_country_CO_01a0cd4e-a776-7b7a-ae6d-4a954245c1f6_terseLabel_en-US" xlink:label="lab_country_CO" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">COLOMBIA</link:label>
    <link:label id="lab_country_CO_label_en-US" xlink:label="lab_country_CO" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">COLOMBIA</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_CO" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CO"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_CO" xlink:to="lab_country_CO" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_CurrencyPresentationBasisAxis_01a0f8fe-b62a-754b-b89c-e03178522261_terseLabel_en-US" xlink:label="lab_fer_CurrencyPresentationBasisAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency presentation basis [Axis]</link:label>
    <link:label id="lab_fer_CurrencyPresentationBasisAxis_label_en-US" xlink:label="lab_fer_CurrencyPresentationBasisAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency presentation basis [Axis]</link:label>
    <link:label id="lab_fer_CurrencyPresentationBasisAxis_documentation_en-US" xlink:label="lab_fer_CurrencyPresentationBasisAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency presentation basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_CurrencyPresentationBasisAxis" xlink:href="fer-20251231.xsd#fer_CurrencyPresentationBasisAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_CurrencyPresentationBasisAxis" xlink:to="lab_fer_CurrencyPresentationBasisAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_NetFinancialIncomeExpenseFromFinancing_01a0cd4e-a801-7aa6-83f8-82a2cf54e102_terseLabel_en-US" xlink:label="lab_fer_NetFinancialIncomeExpenseFromFinancing" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net financial income expense from financing</link:label>
    <link:label id="lab_fer_NetFinancialIncomeExpenseFromFinancing_label_en-US" xlink:label="lab_fer_NetFinancialIncomeExpenseFromFinancing" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net financial income expense from financing</link:label>
    <link:label id="lab_fer_NetFinancialIncomeExpenseFromFinancing_documentation_en-US" xlink:label="lab_fer_NetFinancialIncomeExpenseFromFinancing" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net financial income expense from financing</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_NetFinancialIncomeExpenseFromFinancing" xlink:href="fer-20251231.xsd#fer_NetFinancialIncomeExpenseFromFinancing"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_NetFinancialIncomeExpenseFromFinancing" xlink:to="lab_fer_NetFinancialIncomeExpenseFromFinancing" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ImpairmentAndDisposalOfFixedAssets_01a0fb8f-4bc6-7810-8da3-b95d15e2c5e9_negatedTerseLabel_en-US" xlink:label="lab_fer_ImpairmentAndDisposalOfFixedAssets" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Impairment and disposal of fixed assets</link:label>
    <link:label id="lab_fer_ImpairmentAndDisposalOfFixedAssets_label_en-US" xlink:label="lab_fer_ImpairmentAndDisposalOfFixedAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment and disposal of fixed assets</link:label>
    <link:label id="lab_fer_ImpairmentAndDisposalOfFixedAssets_documentation_en-US" xlink:label="lab_fer_ImpairmentAndDisposalOfFixedAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Impairment and disposal of fixed assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ImpairmentAndDisposalOfFixedAssets" xlink:href="fer-20251231.xsd#fer_ImpairmentAndDisposalOfFixedAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ImpairmentAndDisposalOfFixedAssets" xlink:to="lab_fer_ImpairmentAndDisposalOfFixedAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_ContactPersonnelEmailAddress_01a0cd4e-a551-7e76-a678-dc07d49e12de_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelEmailAddress" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contact Personnel Email Address</link:label>
    <link:label id="lab_dei_ContactPersonnelEmailAddress_label_en-US" xlink:label="lab_dei_ContactPersonnelEmailAddress" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contact Personnel Email Address</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelEmailAddress" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_ContactPersonnelEmailAddress"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelEmailAddress" xlink:to="lab_dei_ContactPersonnelEmailAddress" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_BusinessDivisionAxis_01a0f925-4829-79cd-806b-02567255b835_terseLabel_en-US" xlink:label="lab_fer_BusinessDivisionAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Division [Axis]</link:label>
    <link:label id="lab_fer_BusinessDivisionAxis_label_en-US" xlink:label="lab_fer_BusinessDivisionAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Division [Axis]</link:label>
    <link:label id="lab_fer_BusinessDivisionAxis_documentation_en-US" xlink:label="lab_fer_BusinessDivisionAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Division</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_BusinessDivisionAxis" xlink:href="fer-20251231.xsd#fer_BusinessDivisionAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_BusinessDivisionAxis" xlink:to="lab_fer_BusinessDivisionAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_MaterialsConsumedVariation_01a0f8e9-2d60-7b61-8222-f648969d883d_terseLabel_en-US" xlink:label="lab_fer_MaterialsConsumedVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Materials consumed variation</link:label>
    <link:label id="lab_fer_MaterialsConsumedVariation_label_en-US" xlink:label="lab_fer_MaterialsConsumedVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Materials consumed variation</link:label>
    <link:label id="lab_fer_MaterialsConsumedVariation_documentation_en-US" xlink:label="lab_fer_MaterialsConsumedVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Materials consumed variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_MaterialsConsumedVariation" xlink:href="fer-20251231.xsd#fer_MaterialsConsumedVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_MaterialsConsumedVariation" xlink:to="lab_fer_MaterialsConsumedVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_A407ETRMember_01a0cd4e-a884-7572-aa9c-1271b5c9fe7c_terseLabel_en-US" xlink:label="lab_fer_A407ETRMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">407 ETR</link:label>
    <link:label id="lab_fer_A407ETRMember_label_en-US" xlink:label="lab_fer_A407ETRMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">407 ETR [Member]</link:label>
    <link:label id="lab_fer_A407ETRMember_documentation_en-US" xlink:label="lab_fer_A407ETRMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">407 ETR</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_A407ETRMember" xlink:href="fer-20251231.xsd#fer_A407ETRMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_A407ETRMember" xlink:to="lab_fer_A407ETRMember" xlink:type="arc" order="1"/>
    <link:label id="lab_country_AU_01a0cd4e-a5dc-7f2d-bd96-1c2a895888af_terseLabel_en-US" xlink:label="lab_country_AU" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">AUSTRALIA</link:label>
    <link:label id="lab_country_AU_label_en-US" xlink:label="lab_country_AU" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AUSTRALIA</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_AU" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_AU"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_AU" xlink:to="lab_country_AU" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract_label_en-US" xlink:label="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Corporate information [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:to="lab_ifrs-full_CorporateInformationAndStatementOfIFRSComplianceAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_01a0cd4e-a6a3-7a2b-bbc4-936091c8e2e8_terseLabel_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Employee benefits expenses, operating</link:label>
    <link:label id="lab_ifrs-full_EmployeeBenefitsExpense_label_en-US" xlink:label="lab_ifrs-full_EmployeeBenefitsExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Employee benefits expenses, operating</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_EmployeeBenefitsExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EmployeeBenefitsExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_EmployeeBenefitsExpense" xlink:to="lab_ifrs-full_EmployeeBenefitsExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_DalamanAirportMember_01a0cd4e-a6a3-7b9f-adaf-2c9322746d25_terseLabel_en-US" xlink:label="lab_fer_DalamanAirportMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dalaman airport [Member]</link:label>
    <link:label id="lab_fer_DalamanAirportMember_label_en-US" xlink:label="lab_fer_DalamanAirportMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dalaman airport [Member]</link:label>
    <link:label id="lab_fer_DalamanAirportMember_documentation_en-US" xlink:label="lab_fer_DalamanAirportMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Dalaman airport</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_DalamanAirportMember" xlink:href="fer-20251231.xsd#fer_DalamanAirportMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_DalamanAirportMember" xlink:to="lab_fer_DalamanAirportMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentShellCompanyReport_01a0cd4e-a801-76a4-8d50-0080e68f6014_terseLabel_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</link:label>
    <link:label id="lab_dei_DocumentShellCompanyReport_label_en-US" xlink:label="lab_dei_DocumentShellCompanyReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Shell Company Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentShellCompanyReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentShellCompanyReport" xlink:to="lab_dei_DocumentShellCompanyReport" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_01a0cd4e-a6a3-780f-9bf2-b00741552070_terseLabel_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:label id="lab_dei_IcfrAuditorAttestationFlag_label_en-US" xlink:label="lab_dei_IcfrAuditorAttestationFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_IcfrAuditorAttestationFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_IcfrAuditorAttestationFlag" xlink:to="lab_dei_IcfrAuditorAttestationFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_RevenuePercentageVariation_01a0f8e8-b169-7578-9394-8d22faf9c05b_terseLabel_en-US" xlink:label="lab_fer_RevenuePercentageVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue percentage variation</link:label>
    <link:label id="lab_fer_RevenuePercentageVariation_label_en-US" xlink:label="lab_fer_RevenuePercentageVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue percentage variation</link:label>
    <link:label id="lab_fer_RevenuePercentageVariation_documentation_en-US" xlink:label="lab_fer_RevenuePercentageVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue percentage variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_RevenuePercentageVariation" xlink:href="fer-20251231.xsd#fer_RevenuePercentageVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_RevenuePercentageVariation" xlink:to="lab_fer_RevenuePercentageVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjects_01a0cd4e-a776-7252-8981-36b1bf53201c_terseLabel_en-US" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial result excluding infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjects_label_en-US" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result excluding infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjects_documentation_en-US" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial result excluding infrastructure projects</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinancialResultExcludingInfrastructureProjects" xlink:href="fer-20251231.xsd#fer_FinancialResultExcludingInfrastructureProjects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinancialResultExcludingInfrastructureProjects" xlink:to="lab_fer_FinancialResultExcludingInfrastructureProjects" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCurrentReportingStatus_01a0cd4e-a6a3-7759-814a-8f6c5c640916_terseLabel_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:label id="lab_dei_EntityCurrentReportingStatus_label_en-US" xlink:label="lab_dei_EntityCurrentReportingStatus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCurrentReportingStatus" xlink:to="lab_dei_EntityCurrentReportingStatus" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation_01a0f8f2-4cf4-70e0-803c-e82c5d2aa087_terseLabel_en-US" xlink:label="lab_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit/(loss) before tax from continuing operations variation</link:label>
    <link:label id="lab_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation_label_en-US" xlink:label="lab_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit/(loss) before tax from continuing operations variation</link:label>
    <link:label id="lab_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation_documentation_en-US" xlink:label="lab_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Profit/(loss) before tax from continuing operations variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation" xlink:href="fer-20251231.xsd#fer_ProfitlossBeforeTaxFromContinuingOperationsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation" xlink:to="lab_fer_ProfitlossBeforeTaxFromContinuingOperationsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OtherExpensesByNature_01a0cd4e-a551-7377-bd9e-6cc691a92859_terseLabel_en-US" xlink:label="lab_fer_OtherExpensesByNature" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other expense by nature</link:label>
    <link:label id="lab_fer_OtherExpensesByNature_label_en-US" xlink:label="lab_fer_OtherExpensesByNature" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other expenses, by nature</link:label>
    <link:label id="lab_fer_OtherExpensesByNature_documentation_en-US" xlink:label="lab_fer_OtherExpensesByNature" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of expenses that the entity does not separately disclose in the same statement or note when the entity uses the 'nature of expense' form for its analysis of expenses. (Refer: Expenses, by nature)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OtherExpensesByNature" xlink:href="fer-20251231.xsd#fer_OtherExpensesByNature"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OtherExpensesByNature" xlink:to="lab_fer_OtherExpensesByNature" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_I66TollRoadMember_01a0f907-db86-73f7-b10b-c8d7add033df_terseLabel_en-US" xlink:label="lab_fer_I66TollRoadMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">I-66 Toll Road</link:label>
    <link:label id="lab_fer_I66TollRoadMember_label_en-US" xlink:label="lab_fer_I66TollRoadMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">I-66 Toll Road [Member]</link:label>
    <link:label id="lab_fer_I66TollRoadMember_documentation_en-US" xlink:label="lab_fer_I66TollRoadMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">I-66 Toll Road</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_I66TollRoadMember" xlink:href="fer-20251231.xsd#fer_I66TollRoadMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_I66TollRoadMember" xlink:to="lab_fer_I66TollRoadMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCountry_01a0cd4e-a776-7767-8f8c-754daa9914be_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:label id="lab_dei_EntityAddressCountry_label_en-US" xlink:label="lab_dei_EntityAddressCountry" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCountry" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCountry" xlink:to="lab_dei_EntityAddressCountry" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_01a0cd4e-a776-7ae9-8332-e089035b896d_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:label id="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent_label_en-US" xlink:label="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="lab_ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_EBITDABasisDomain_01a0f922-4c2a-713b-9d15-000bcf7fb3c4_terseLabel_en-US" xlink:label="lab_fer_EBITDABasisDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EBITDA basis [Domain]</link:label>
    <link:label id="lab_fer_EBITDABasisDomain_label_en-US" xlink:label="lab_fer_EBITDABasisDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EBITDA basis [Domain]</link:label>
    <link:label id="lab_fer_EBITDABasisDomain_documentation_en-US" xlink:label="lab_fer_EBITDABasisDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">EBITDA basis [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_EBITDABasisDomain" xlink:href="fer-20251231.xsd#fer_EBITDABasisDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_EBITDABasisDomain" xlink:to="lab_fer_EBITDABasisDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_EUR_01a0cd4e-a551-7083-8cfe-a3f7ea3d9444_terseLabel_en-US" xlink:label="lab_currency_EUR" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Euro Member Countries, Euro</link:label>
    <link:label id="lab_currency_EUR_label_en-US" xlink:label="lab_currency_EUR" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Euro Member Countries, Euro</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_EUR" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_EUR"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_EUR" xlink:to="lab_currency_EUR" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_RevenueAndOperatingIncomeVariationRate_01a0f8e4-c6b4-74dc-9006-a2fd346dfc25_terseLabel_en-US" xlink:label="lab_fer_RevenueAndOperatingIncomeVariationRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue And Operating Income variation rate</link:label>
    <link:label id="lab_fer_RevenueAndOperatingIncomeVariationRate_label_en-US" xlink:label="lab_fer_RevenueAndOperatingIncomeVariationRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue And Operating Income variation rate</link:label>
    <link:label id="lab_fer_RevenueAndOperatingIncomeVariationRate_documentation_en-US" xlink:label="lab_fer_RevenueAndOperatingIncomeVariationRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue And Operating Income variation rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_RevenueAndOperatingIncomeVariationRate" xlink:href="fer-20251231.xsd#fer_RevenueAndOperatingIncomeVariationRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_RevenueAndOperatingIncomeVariationRate" xlink:to="lab_fer_RevenueAndOperatingIncomeVariationRate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CoverAbstract_label_en-US" xlink:label="lab_dei_CoverAbstract" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cover [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CoverAbstract" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CoverAbstract"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CoverAbstract" xlink:to="lab_dei_CoverAbstract" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_CAD_01a0cd4e-a801-7ebf-a88d-12146e3918ea_terseLabel_en-US" xlink:label="lab_currency_CAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Canada, Dollars</link:label>
    <link:label id="lab_currency_CAD_label_en-US" xlink:label="lab_currency_CAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Canada, Dollars</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_CAD" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_CAD"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_CAD" xlink:to="lab_currency_CAD" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsAxis_01a0cd4e-a6a3-77aa-baa6-208137161f7e_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:label id="lab_ifrs-full_SegmentsAxis_label_en-US" xlink:label="lab_ifrs-full_SegmentsAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsAxis" xlink:to="lab_ifrs-full_SegmentsAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation_01a0f8f3-4633-717e-b816-8113928f4de4_terseLabel_en-US" xlink:label="lab_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit/(loss) net of tax from continuing operations variation</link:label>
    <link:label id="lab_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation_label_en-US" xlink:label="lab_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit/(loss) net of tax from continuing operations variation</link:label>
    <link:label id="lab_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation_documentation_en-US" xlink:label="lab_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Profit/(loss) net of tax from continuing operations variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation" xlink:href="fer-20251231.xsd#fer_ProfitlossNetOfTaxFromContinuingOperationsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation" xlink:to="lab_fer_ProfitlossNetOfTaxFromContinuingOperationsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_01a0cd4e-a6a3-7410-8fc0-fb4cc41ae71a_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss) from continuing operations</link:label>
    <link:label id="lab_ifrs-full_ProfitLossFromContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) from continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossFromContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossFromContinuingOperations" xlink:to="lab_ifrs-full_ProfitLossFromContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AdjustedEBITDAComparableMember_01a0f923-4d19-7e1a-a8a2-d066f3a3adcd_terseLabel_en-US" xlink:label="lab_fer_AdjustedEBITDAComparableMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjusted EBITDA comparable</link:label>
    <link:label id="lab_fer_AdjustedEBITDAComparableMember_label_en-US" xlink:label="lab_fer_AdjustedEBITDAComparableMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted EBITDA comparable [Member]</link:label>
    <link:label id="lab_fer_AdjustedEBITDAComparableMember_documentation_en-US" xlink:label="lab_fer_AdjustedEBITDAComparableMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted EBITDA comparable</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AdjustedEBITDAComparableMember" xlink:href="fer-20251231.xsd#fer_AdjustedEBITDAComparableMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AdjustedEBITDAComparableMember" xlink:to="lab_fer_AdjustedEBITDAComparableMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_01a0cd4e-a6a3-7ee7-a0e0-26923ccaa614_terseLabel_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:label id="lab_dei_CurrentFiscalYearEndDate_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate" xlink:to="lab_dei_CurrentFiscalYearEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentAnnualReport_01a0cd4e-a552-70c9-a28c-eb7f2e872b53_terseLabel_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:label id="lab_dei_DocumentAnnualReport_label_en-US" xlink:label="lab_dei_DocumentAnnualReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAnnualReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAnnualReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAnnualReport" xlink:to="lab_dei_DocumentAnnualReport" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OtherDivisionMember_01a0cd4e-a552-7ef8-9396-d532db0e1bea_terseLabel_en-US" xlink:label="lab_fer_OtherDivisionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other division [Member]</link:label>
    <link:label id="lab_fer_OtherDivisionMember_label_en-US" xlink:label="lab_fer_OtherDivisionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other division [Member]</link:label>
    <link:label id="lab_fer_OtherDivisionMember_documentation_en-US" xlink:label="lab_fer_OtherDivisionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Other division</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OtherDivisionMember" xlink:href="fer-20251231.xsd#fer_OtherDivisionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OtherDivisionMember" xlink:to="lab_fer_OtherDivisionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_AUD_01a0cd4e-a552-7856-ae91-28e60a959849_terseLabel_en-US" xlink:label="lab_currency_AUD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Australia, Dollars</link:label>
    <link:label id="lab_currency_AUD_label_en-US" xlink:label="lab_currency_AUD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Australia, Dollars</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_AUD" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_AUD"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_AUD" xlink:to="lab_currency_AUD" xlink:type="arc" order="1"/>
    <link:label id="lab_country_IN_01a0cd4e-a776-7298-b947-d30f2bc549b5_terseLabel_en-US" xlink:label="lab_country_IN" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">INDIA</link:label>
    <link:label id="lab_country_IN_label_en-US" xlink:label="lab_country_IN" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">INDIA</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_IN" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_IN"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_IN" xlink:to="lab_country_IN" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_01a0cd4e-a801-77dd-b1e3-784aef34f327_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasDomain_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasDomain" xlink:to="lab_ifrs-full_GeographicalAreasDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation_01a0f8ee-2c4b-7cf6-a2e9-fceec1310d48_terseLabel_en-US" xlink:label="lab_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net financial income/(expense) from infrastructure projects variation</link:label>
    <link:label id="lab_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation_label_en-US" xlink:label="lab_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net financial income/(expense) from infrastructure projects variation</link:label>
    <link:label id="lab_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation_documentation_en-US" xlink:label="lab_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net financial income/(expense) from infrastructure projects variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation" xlink:href="fer-20251231.xsd#fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation" xlink:to="lab_fer_NetFinancialIncomeexpenseFromInfrastructureProjectsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalYearFocus_01a0cd4e-a551-7307-b68f-af48e24d5e5f_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalYearFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalYearFocus" xlink:to="lab_dei_DocumentFiscalYearFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ConstructionBusinessDivision_01a0f924-666b-7e64-936f-f09569092174_terseLabel_en-US" xlink:label="lab_fer_ConstructionBusinessDivision" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction business division</link:label>
    <link:label id="lab_fer_ConstructionBusinessDivision_label_en-US" xlink:label="lab_fer_ConstructionBusinessDivision" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction business division</link:label>
    <link:label id="lab_fer_ConstructionBusinessDivision_documentation_en-US" xlink:label="lab_fer_ConstructionBusinessDivision" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Construction business division</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ConstructionBusinessDivision" xlink:href="fer-20251231.xsd#fer_ConstructionBusinessDivision"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ConstructionBusinessDivision" xlink:to="lab_fer_ConstructionBusinessDivision" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_01a0cd4e-a884-726f-8d7c-5cb9f51f91ab_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:label id="lab_dei_EntityInteractiveDataCurrent_label_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityInteractiveDataCurrent" xlink:to="lab_dei_EntityInteractiveDataCurrent" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AdjustmentsMember_01a0cd4e-a6a3-7b23-9809-383a380c87a8_terseLabel_en-US" xlink:label="lab_fer_AdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjustments [Member]</link:label>
    <link:label id="lab_fer_AdjustmentsMember_label_en-US" xlink:label="lab_fer_AdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments [Member]</link:label>
    <link:label id="lab_fer_AdjustmentsMember_documentation_en-US" xlink:label="lab_fer_AdjustmentsMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjustments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AdjustmentsMember" xlink:href="fer-20251231.xsd#fer_AdjustmentsMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AdjustmentsMember" xlink:to="lab_fer_AdjustmentsMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLoss_01a0cd4e-a5db-770f-b9eb-b8923740c371_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss)</link:label>
    <link:label id="lab_ifrs-full_ProfitLoss_label_en-US" xlink:label="lab_ifrs-full_ProfitLoss" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLoss" xlink:to="lab_ifrs-full_ProfitLoss" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityShellCompany_01a0cd4e-a5dc-7bcc-ba73-e61c8ca5976a_terseLabel_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:label id="lab_dei_EntityShellCompany_label_en-US" xlink:label="lab_dei_EntityShellCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityShellCompany" xlink:to="lab_dei_EntityShellCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ProfitLossFromOperatingActivitiesOfTheEntity_01a0cd4e-a801-7ee2-a1aa-f3ac95a8eb08_terseLabel_en-US" xlink:label="lab_fer_ProfitLossFromOperatingActivitiesOfTheEntity" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss) from operating activities</link:label>
    <link:label id="lab_fer_ProfitLossFromOperatingActivitiesOfTheEntity_label_en-US" xlink:label="lab_fer_ProfitLossFromOperatingActivitiesOfTheEntity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) from operating activities of the entity</link:label>
    <link:label id="lab_fer_ProfitLossFromOperatingActivitiesOfTheEntity_documentation_en-US" xlink:label="lab_fer_ProfitLossFromOperatingActivitiesOfTheEntity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The profit (loss) from operating activities of the entity. [Refer: Profit (loss)]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ProfitLossFromOperatingActivitiesOfTheEntity" xlink:href="fer-20251231.xsd#fer_ProfitLossFromOperatingActivitiesOfTheEntity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ProfitLossFromOperatingActivitiesOfTheEntity" xlink:to="lab_fer_ProfitLossFromOperatingActivitiesOfTheEntity" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentAccountingStandard_01a0cd4e-a776-766b-90b7-07da1629b725_terseLabel_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:label id="lab_dei_DocumentAccountingStandard_label_en-US" xlink:label="lab_dei_DocumentAccountingStandard" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentAccountingStandard" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentAccountingStandard" xlink:to="lab_dei_DocumentAccountingStandard" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation_01a0f8f1-d77a-7669-a089-dec4169bcd37_terseLabel_en-US" xlink:label="lab_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share of profits of equity-accounted companies variation</link:label>
    <link:label id="lab_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation_label_en-US" xlink:label="lab_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Share of profits of equity-accounted companies variation</link:label>
    <link:label id="lab_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation_documentation_en-US" xlink:label="lab_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Share of profits of equity-accounted companies variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation" xlink:href="fer-20251231.xsd#fer_ShareOfProfitsOfEquityAccountedCompaniesVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation" xlink:to="lab_fer_ShareOfProfitsOfEquityAccountedCompaniesVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OperatingResultsTable_01a0fb88-7372-75fd-99dd-1f07bdef318f_terseLabel_en-US" xlink:label="lab_fer_OperatingResultsTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Results [Table]</link:label>
    <link:label id="lab_fer_OperatingResultsTable_label_en-US" xlink:label="lab_fer_OperatingResultsTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Results [Table]</link:label>
    <link:label id="lab_fer_OperatingResultsTable_documentation_en-US" xlink:label="lab_fer_OperatingResultsTable" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Results</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OperatingResultsTable" xlink:href="fer-20251231.xsd#fer_OperatingResultsTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OperatingResultsTable" xlink:to="lab_fer_OperatingResultsTable" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_PercentageOfTotalAssets_01a0f705-5949-78c2-bed0-16e99d2086c9_terseLabel_en-US" xlink:label="lab_fer_PercentageOfTotalAssets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of total assets</link:label>
    <link:label id="lab_fer_PercentageOfTotalAssets_label_en-US" xlink:label="lab_fer_PercentageOfTotalAssets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Percentage of total assets</link:label>
    <link:label id="lab_fer_PercentageOfTotalAssets_documentation_en-US" xlink:label="lab_fer_PercentageOfTotalAssets" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of total assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_PercentageOfTotalAssets" xlink:href="fer-20251231.xsd#fer_PercentageOfTotalAssets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_PercentageOfTotalAssets" xlink:to="lab_fer_PercentageOfTotalAssets" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_NTE35WMember_01a0f907-db86-7d9a-a2a2-9b54e373e976_terseLabel_en-US" xlink:label="lab_fer_NTE35WMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NTE 35W</link:label>
    <link:label id="lab_fer_NTE35WMember_label_en-US" xlink:label="lab_fer_NTE35WMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NTE 35W [Member]</link:label>
    <link:label id="lab_fer_NTE35WMember_documentation_en-US" xlink:label="lab_fer_NTE35WMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">NTE 35W</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_NTE35WMember" xlink:href="fer-20251231.xsd#fer_NTE35WMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_NTE35WMember" xlink:to="lab_fer_NTE35WMember" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ExchangeRateEffect_01a0f918-f14c-780f-ac2b-2e65687f972b_terseLabel_en-US" xlink:label="lab_fer_ExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Exchange rate effect</link:label>
    <link:label id="lab_fer_ExchangeRateEffect_label_en-US" xlink:label="lab_fer_ExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Exchange rate effect</link:label>
    <link:label id="lab_fer_ExchangeRateEffect_documentation_en-US" xlink:label="lab_fer_ExchangeRateEffect" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Exchange rate effect</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ExchangeRateEffect" xlink:href="fer-20251231.xsd#fer_ExchangeRateEffect"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ExchangeRateEffect" xlink:to="lab_fer_ExchangeRateEffect" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AmendmentFlag_01a0cd4e-a801-748c-a51b-020f6e68b276_terseLabel_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:label id="lab_dei_AmendmentFlag_label_en-US" xlink:label="lab_dei_AmendmentFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AmendmentFlag" xlink:to="lab_dei_AmendmentFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AdjustedEBITComparableLikeForLike_01a0f919-366a-7210-9648-8da4e45d5515_terseLabel_en-US" xlink:label="lab_fer_AdjustedEBITComparableLikeForLike" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjusted EBIT Comparable (Like-for-like)</link:label>
    <link:label id="lab_fer_AdjustedEBITComparableLikeForLike_label_en-US" xlink:label="lab_fer_AdjustedEBITComparableLikeForLike" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted EBIT Comparable (Like-for-like)</link:label>
    <link:label id="lab_fer_AdjustedEBITComparableLikeForLike_documentation_en-US" xlink:label="lab_fer_AdjustedEBITComparableLikeForLike" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted EBIT Comparable (Like-for-like)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AdjustedEBITComparableLikeForLike" xlink:href="fer-20251231.xsd#fer_AdjustedEBITComparableLikeForLike"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AdjustedEBITComparableLikeForLike" xlink:to="lab_fer_AdjustedEBITComparableLikeForLike" xlink:type="arc" order="1"/>
    <link:label id="lab_country_PL_01a0cd4e-a776-740d-8ed6-bf0ae3f2ab01_terseLabel_en-US" xlink:label="lab_country_PL" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">POLAND</link:label>
    <link:label id="lab_country_PL_label_en-US" xlink:label="lab_country_PL" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">POLAND</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_PL" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_PL"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_PL" xlink:to="lab_country_PL" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OperatingResultsFromNewAcquiredCompanies_01a0f919-824a-74b5-a5dc-5b4e415a4812_terseLabel_en-US" xlink:label="lab_fer_OperatingResultsFromNewAcquiredCompanies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating results from new acquired companies</link:label>
    <link:label id="lab_fer_OperatingResultsFromNewAcquiredCompanies_label_en-US" xlink:label="lab_fer_OperatingResultsFromNewAcquiredCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating results from new acquired companies</link:label>
    <link:label id="lab_fer_OperatingResultsFromNewAcquiredCompanies_documentation_en-US" xlink:label="lab_fer_OperatingResultsFromNewAcquiredCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating results from new acquired companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OperatingResultsFromNewAcquiredCompanies" xlink:href="fer-20251231.xsd#fer_OperatingResultsFromNewAcquiredCompanies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OperatingResultsFromNewAcquiredCompanies" xlink:to="lab_fer_OperatingResultsFromNewAcquiredCompanies" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OperatingResultsOfDisposedCompanies_01a0f927-df3c-77b8-9aad-2abc09260e15_terseLabel_en-US" xlink:label="lab_fer_OperatingResultsOfDisposedCompanies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating results of disposed companies</link:label>
    <link:label id="lab_fer_OperatingResultsOfDisposedCompanies_label_en-US" xlink:label="lab_fer_OperatingResultsOfDisposedCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating results of disposed companies</link:label>
    <link:label id="lab_fer_OperatingResultsOfDisposedCompanies_documentation_en-US" xlink:label="lab_fer_OperatingResultsOfDisposedCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating results of disposed companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OperatingResultsOfDisposedCompanies" xlink:href="fer-20251231.xsd#fer_OperatingResultsOfDisposedCompanies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OperatingResultsOfDisposedCompanies" xlink:to="lab_fer_OperatingResultsOfDisposedCompanies" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_BusinessDivisionDomain_01a0f925-4829-78e8-9999-ab2638189f73_terseLabel_en-US" xlink:label="lab_fer_BusinessDivisionDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Division [Domain]</link:label>
    <link:label id="lab_fer_BusinessDivisionDomain_label_en-US" xlink:label="lab_fer_BusinessDivisionDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Division [Domain]</link:label>
    <link:label id="lab_fer_BusinessDivisionDomain_documentation_en-US" xlink:label="lab_fer_BusinessDivisionDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Business Division [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_BusinessDivisionDomain" xlink:href="fer-20251231.xsd#fer_BusinessDivisionDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_BusinessDivisionDomain" xlink:to="lab_fer_BusinessDivisionDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_01a0cd4e-a5db-75a8-94df-08489ee9e0e3_terseLabel_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income tax expense (income), income taxes</link:label>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_label_en-US" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income tax expense (income), income taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects_01a0cd4e-a5db-7ff1-8eef-d84f2c2aed18_terseLabel_en-US" xlink:label="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial result on financing excluding infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects_label_en-US" xlink:label="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result on financing excluding infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects_documentation_en-US" xlink:label="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial result on financing excluding infrastructure projects</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinancialResultOnFinancingExcludingInfrastructureProjects" xlink:href="fer-20251231.xsd#fer_FinancialResultOnFinancingExcludingInfrastructureProjects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinancialResultOnFinancingExcludingInfrastructureProjects" xlink:to="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinancialResultOnFinancingOfInfrastructureProjects_01a0cd4e-a776-7724-8f57-0b6f92bb2b74_terseLabel_en-US" xlink:label="lab_fer_FinancialResultOnFinancingOfInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial result on financing of infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultOnFinancingOfInfrastructureProjects_label_en-US" xlink:label="lab_fer_FinancialResultOnFinancingOfInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result on financing of infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultOnFinancingOfInfrastructureProjects_documentation_en-US" xlink:label="lab_fer_FinancialResultOnFinancingOfInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial result on financing of infrastructure projects</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinancialResultOnFinancingOfInfrastructureProjects" xlink:href="fer-20251231.xsd#fer_FinancialResultOnFinancingOfInfrastructureProjects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinancialResultOnFinancingOfInfrastructureProjects" xlink:to="lab_fer_FinancialResultOnFinancingOfInfrastructureProjects" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FerrovialConstructionMember_01a0f928-4216-74a0-adbd-21f36cfbdde2_terseLabel_en-US" xlink:label="lab_fer_FerrovialConstructionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Ferrovial Construction</link:label>
    <link:label id="lab_fer_FerrovialConstructionMember_label_en-US" xlink:label="lab_fer_FerrovialConstructionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ferrovial Construction [Member]</link:label>
    <link:label id="lab_fer_FerrovialConstructionMember_documentation_en-US" xlink:label="lab_fer_FerrovialConstructionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Ferrovial Construction</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FerrovialConstructionMember" xlink:href="fer-20251231.xsd#fer_FerrovialConstructionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FerrovialConstructionMember" xlink:to="lab_fer_FerrovialConstructionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentRegistrationStatement_01a0cd4e-a551-7953-b010-65a488f95ff0_terseLabel_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Registration Statement</link:label>
    <link:label id="lab_dei_DocumentRegistrationStatement_label_en-US" xlink:label="lab_dei_DocumentRegistrationStatement" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Registration Statement</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentRegistrationStatement" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentRegistrationStatement"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentRegistrationStatement" xlink:to="lab_dei_DocumentRegistrationStatement" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ImpairmentAndDisposalOfFixedAssetsVariation_01a0f8ec-90f1-7bd5-b881-0c5ca5268aae_terseLabel_en-US" xlink:label="lab_fer_ImpairmentAndDisposalOfFixedAssetsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment and disposal of fixed assets variation</link:label>
    <link:label id="lab_fer_ImpairmentAndDisposalOfFixedAssetsVariation_label_en-US" xlink:label="lab_fer_ImpairmentAndDisposalOfFixedAssetsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment and disposal of fixed assets variation</link:label>
    <link:label id="lab_fer_ImpairmentAndDisposalOfFixedAssetsVariation_documentation_en-US" xlink:label="lab_fer_ImpairmentAndDisposalOfFixedAssetsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Impairment and disposal of fixed assets variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ImpairmentAndDisposalOfFixedAssetsVariation" xlink:href="fer-20251231.xsd#fer_ImpairmentAndDisposalOfFixedAssetsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ImpairmentAndDisposalOfFixedAssetsVariation" xlink:to="lab_fer_ImpairmentAndDisposalOfFixedAssetsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentTransitionReport_01a0cd4e-a776-7104-a431-db8fbc6883bf_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:label id="lab_dei_DocumentTransitionReport_label_en-US" xlink:label="lab_dei_DocumentTransitionReport" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentTransitionReport"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentTransitionReport" xlink:to="lab_dei_DocumentTransitionReport" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_RevenueAndOperatingIncome_01a0cd4e-a801-7164-90f0-bc95800deb82_terseLabel_en-US" xlink:label="lab_ifrs-full_RevenueAndOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue and other operating income, operating</link:label>
    <link:label id="lab_ifrs-full_RevenueAndOperatingIncome_label_en-US" xlink:label="lab_ifrs-full_RevenueAndOperatingIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue and other operating income, operating</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_RevenueAndOperatingIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueAndOperatingIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RevenueAndOperatingIncome" xlink:to="lab_ifrs-full_RevenueAndOperatingIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_NonRecurringImpact_01a0f919-366a-73f7-97c9-9ecae031596b_terseLabel_en-US" xlink:label="lab_fer_NonRecurringImpact" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-Recurring Impact</link:label>
    <link:label id="lab_fer_NonRecurringImpact_label_en-US" xlink:label="lab_fer_NonRecurringImpact" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Recurring Impact</link:label>
    <link:label id="lab_fer_NonRecurringImpact_documentation_en-US" xlink:label="lab_fer_NonRecurringImpact" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Recurring Impact</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_NonRecurringImpact" xlink:href="fer-20251231.xsd#fer_NonRecurringImpact"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_NonRecurringImpact" xlink:to="lab_fer_NonRecurringImpact" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_01a0cd4e-a552-7cec-9ee2-18f1d9774dbd_terseLabel_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:label id="lab_dei_DocumentFiscalPeriodFocus_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFiscalPeriodFocus" xlink:to="lab_dei_DocumentFiscalPeriodFocus" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FixedAssetImpairments_01a0f919-61ab-718b-ae58-05c7621250a2_terseLabel_en-US" xlink:label="lab_fer_FixedAssetImpairments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed asset impairments</link:label>
    <link:label id="lab_fer_FixedAssetImpairments_label_en-US" xlink:label="lab_fer_FixedAssetImpairments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed asset impairments</link:label>
    <link:label id="lab_fer_FixedAssetImpairments_documentation_en-US" xlink:label="lab_fer_FixedAssetImpairments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed asset impairments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FixedAssetImpairments" xlink:href="fer-20251231.xsd#fer_FixedAssetImpairments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FixedAssetImpairments" xlink:to="lab_fer_FixedAssetImpairments" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_TotalOperatingExpensesVariation_01a0f8eb-a59b-73d4-a516-0d001aa19bb2_terseLabel_en-US" xlink:label="lab_fer_TotalOperatingExpensesVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total operating expenses variation</link:label>
    <link:label id="lab_fer_TotalOperatingExpensesVariation_label_en-US" xlink:label="lab_fer_TotalOperatingExpensesVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total operating expenses variation</link:label>
    <link:label id="lab_fer_TotalOperatingExpensesVariation_documentation_en-US" xlink:label="lab_fer_TotalOperatingExpensesVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Total operating expenses variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_TotalOperatingExpensesVariation" xlink:href="fer-20251231.xsd#fer_TotalOperatingExpensesVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_TotalOperatingExpensesVariation" xlink:to="lab_fer_TotalOperatingExpensesVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_Assets_01a0cd4e-a801-706c-b8ad-48ce71369776_terseLabel_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:label id="lab_ifrs-full_Assets_label_en-US" xlink:label="lab_ifrs-full_Assets" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_Assets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Assets"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_Assets" xlink:to="lab_ifrs-full_Assets" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinanceIncomeCostOfTheEntityVariation_01a0fb94-44de-7a94-ac7e-c51cdd99bb29_negatedTerseLabel_en-US" xlink:label="lab_fer_FinanceIncomeCostOfTheEntityVariation" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Finance income cost of the entity variation</link:label>
    <link:label id="lab_fer_FinanceIncomeCostOfTheEntityVariation_label_en-US" xlink:label="lab_fer_FinanceIncomeCostOfTheEntityVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance income cost of the entity variation</link:label>
    <link:label id="lab_fer_FinanceIncomeCostOfTheEntityVariation_documentation_en-US" xlink:label="lab_fer_FinanceIncomeCostOfTheEntityVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance income cost of the entity variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinanceIncomeCostOfTheEntityVariation" xlink:href="fer-20251231.xsd#fer_FinanceIncomeCostOfTheEntityVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinanceIncomeCostOfTheEntityVariation" xlink:to="lab_fer_FinanceIncomeCostOfTheEntityVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentPeriodEndDate_01a0cd4e-a5db-7675-9547-b5c87dca7413_terseLabel_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:label id="lab_dei_DocumentPeriodEndDate_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate" xlink:to="lab_dei_DocumentPeriodEndDate" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_OtherCurrencyMember_01a0cd4e-a776-7d39-8de2-514c787dd865_terseLabel_en-US" xlink:label="lab_srt_OtherCurrencyMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Currency [Member]</link:label>
    <link:label id="lab_srt_OtherCurrencyMember_label_en-US" xlink:label="lab_srt_OtherCurrencyMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Currency [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_OtherCurrencyMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_OtherCurrencyMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_OtherCurrencyMember" xlink:to="lab_srt_OtherCurrencyMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCentralIndexKey_01a0cd4e-a5dc-73f7-bbb5-ff007ff20eb1_terseLabel_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:label id="lab_dei_EntityCentralIndexKey_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey" xlink:to="lab_dei_EntityCentralIndexKey" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation_01a0f8f0-73be-7dd9-872f-e5fcdbe28d18_terseLabel_en-US" xlink:label="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Result on derivatives and other financial results excluding infrastructure projects variation</link:label>
    <link:label id="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation_label_en-US" xlink:label="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Result on derivatives and other financial results excluding infrastructure projects variation</link:label>
    <link:label id="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation_documentation_en-US" xlink:label="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Result on derivatives and other financial results excluding infrastructure projects variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation" xlink:href="fer-20251231.xsd#fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation" xlink:to="lab_fer_ResultOnDerivativesAndOtherFinancialResultsExcludingInfrastructureProjectsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_OtherAddressMember_01a0cd4e-a801-7776-b4e8-89e77793e483_terseLabel_en-US" xlink:label="lab_dei_OtherAddressMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Address [Member]</link:label>
    <link:label id="lab_dei_OtherAddressMember_label_en-US" xlink:label="lab_dei_OtherAddressMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Address [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_OtherAddressMember" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_OtherAddressMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_OtherAddressMember" xlink:to="lab_dei_OtherAddressMember" xlink:type="arc" order="1"/>
    <link:label id="lab_country_GB_01a0cd4e-a776-7f1d-9252-0a6f21a15a9b_terseLabel_en-US" xlink:label="lab_country_GB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UNITED KINGDOM</link:label>
    <link:label id="lab_country_GB_label_en-US" xlink:label="lab_country_GB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED KINGDOM</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_GB" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_GB"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_GB" xlink:to="lab_country_GB" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_PLN_01a0cd4e-a776-7d9c-9705-1077b79f1e0f_terseLabel_en-US" xlink:label="lab_currency_PLN" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Poland, Zlotych</link:label>
    <link:label id="lab_currency_PLN_label_en-US" xlink:label="lab_currency_PLN" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Poland, Zlotych</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_PLN" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_PLN"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_PLN" xlink:to="lab_currency_PLN" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_TradingSymbol_01a0cd4e-a776-7351-8d53-ccd96107b70c_terseLabel_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:label id="lab_dei_TradingSymbol_label_en-US" xlink:label="lab_dei_TradingSymbol" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_TradingSymbol" xlink:to="lab_dei_TradingSymbol" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_RevenueBasisAxis_01a0f920-e092-7e63-bfbd-58668de4d4e3_terseLabel_en-US" xlink:label="lab_fer_RevenueBasisAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue basis [Axis]</link:label>
    <link:label id="lab_fer_RevenueBasisAxis_label_en-US" xlink:label="lab_fer_RevenueBasisAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue basis [Axis]</link:label>
    <link:label id="lab_fer_RevenueBasisAxis_documentation_en-US" xlink:label="lab_fer_RevenueBasisAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_RevenueBasisAxis" xlink:href="fer-20251231.xsd#fer_RevenueBasisAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_RevenueBasisAxis" xlink:to="lab_fer_RevenueBasisAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation_01a0f8ef-64d2-7245-9b73-df693eff0346_terseLabel_en-US" xlink:label="lab_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial result on financing of infrastructure projects variation</link:label>
    <link:label id="lab_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation_label_en-US" xlink:label="lab_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result on financing of infrastructure projects variation</link:label>
    <link:label id="lab_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation_documentation_en-US" xlink:label="lab_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial result on financing of infrastructure projects variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation" xlink:href="fer-20251231.xsd#fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation" xlink:to="lab_fer_FinancialResultOnFinancingOfInfrastructureProjectsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_01a0cd4e-a5dc-7877-a3d8-3a4d29877b90_terseLabel_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation and amortisation expense</link:label>
    <link:label id="lab_ifrs-full_DepreciationAndAmortisationExpense_label_en-US" xlink:label="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Depreciation and amortisation expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationAndAmortisationExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DepreciationAndAmortisationExpense" xlink:to="lab_ifrs-full_DepreciationAndAmortisationExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_BusinessContactMember_01a0cd4e-a551-7884-b42c-8845881a98ec_terseLabel_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Contact [Member]</link:label>
    <link:label id="lab_dei_BusinessContactMember_label_en-US" xlink:label="lab_dei_BusinessContactMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Contact [Member]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_BusinessContactMember" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_BusinessContactMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_BusinessContactMember" xlink:to="lab_dei_BusinessContactMember" xlink:type="arc" order="1"/>
    <link:label id="lab_currency_GBP_01a0cd4e-a5db-7909-9a3c-9275e38adc97_terseLabel_en-US" xlink:label="lab_currency_GBP" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">United Kingdom, Pounds</link:label>
    <link:label id="lab_currency_GBP_label_en-US" xlink:label="lab_currency_GBP" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">United Kingdom, Pounds</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_currency_GBP" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_GBP"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_currency_GBP" xlink:to="lab_currency_GBP" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ConstructionDivisionMember_01a0cd4e-a5dc-7c1d-aa09-09739bed9bf3_terseLabel_en-US" xlink:label="lab_fer_ConstructionDivisionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction division [Member]</link:label>
    <link:label id="lab_fer_ConstructionDivisionMember_label_en-US" xlink:label="lab_fer_ConstructionDivisionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Construction division [Member]</link:label>
    <link:label id="lab_fer_ConstructionDivisionMember_documentation_en-US" xlink:label="lab_fer_ConstructionDivisionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Construction division</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ConstructionDivisionMember" xlink:href="fer-20251231.xsd#fer_ConstructionDivisionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ConstructionDivisionMember" xlink:to="lab_fer_ConstructionDivisionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation_01a0f8f4-7916-7230-a7a7-c280f30f0a53_terseLabel_en-US" xlink:label="lab_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net profit/(loss) for the year attributed to non-controlling interests variation</link:label>
    <link:label id="lab_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation_label_en-US" xlink:label="lab_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net profit/(loss) for the year attributed to non-controlling interests variation</link:label>
    <link:label id="lab_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation_documentation_en-US" xlink:label="lab_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Net profit/(loss) for the year attributed to non-controlling interests variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation" xlink:href="fer-20251231.xsd#fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation" xlink:to="lab_fer_NetProfitlossForTheYearAttributedToNonControllingInterestsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FixedAssetDepreciationVariation_01a0f8ec-17e2-745b-a507-a995a6b0bec4_terseLabel_en-US" xlink:label="lab_fer_FixedAssetDepreciationVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed asset depreciation variation</link:label>
    <link:label id="lab_fer_FixedAssetDepreciationVariation_label_en-US" xlink:label="lab_fer_FixedAssetDepreciationVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed asset depreciation variation</link:label>
    <link:label id="lab_fer_FixedAssetDepreciationVariation_documentation_en-US" xlink:label="lab_fer_FixedAssetDepreciationVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed asset depreciation variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FixedAssetDepreciationVariation" xlink:href="fer-20251231.xsd#fer_FixedAssetDepreciationVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FixedAssetDepreciationVariation" xlink:to="lab_fer_FixedAssetDepreciationVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressCityOrTown_01a0cd4e-a776-74fc-8174-dd3f081ee6e1_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:label id="lab_dei_EntityAddressCityOrTown_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressCityOrTown" xlink:to="lab_dei_EntityAddressCityOrTown" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentType_01a0cd4e-a552-740a-99a2-56d8273b39ca_terseLabel_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:label id="lab_dei_DocumentType_label_en-US" xlink:label="lab_dei_DocumentType" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentType" xlink:to="lab_dei_DocumentType" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OperatingResultsLineItems_01a0fb88-affe-7ff8-a910-9f84a9e89ae3_terseLabel_en-US" xlink:label="lab_fer_OperatingResultsLineItems" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Results [Line Items]</link:label>
    <link:label id="lab_fer_OperatingResultsLineItems_label_en-US" xlink:label="lab_fer_OperatingResultsLineItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating Results [Line Items]</link:label>
    <link:label id="lab_fer_OperatingResultsLineItems_documentation_en-US" xlink:label="lab_fer_OperatingResultsLineItems" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating Results [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OperatingResultsLineItems" xlink:href="fer-20251231.xsd#fer_OperatingResultsLineItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OperatingResultsLineItems" xlink:to="lab_fer_OperatingResultsLineItems" xlink:type="arc" order="1"/>
    <link:label id="lab_country_ES_01a0cd4e-a776-7a62-a79e-fa7aab702485_terseLabel_en-US" xlink:label="lab_country_ES" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">SPAIN</link:label>
    <link:label id="lab_country_ES_label_en-US" xlink:label="lab_country_ES" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">SPAIN</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_ES" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_ES"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_ES" xlink:to="lab_country_ES" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_01a0cd4e-a6a3-7630-be59-53479413dae5_terseLabel_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:label id="lab_ifrs-full_GeographicalAreasAxis_label_en-US" xlink:label="lab_ifrs-full_GeographicalAreasAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_GeographicalAreasAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_GeographicalAreasAxis" xlink:to="lab_ifrs-full_GeographicalAreasAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityFilerCategory_01a0cd4e-a776-780a-8bbb-e8a73fe6c88a_terseLabel_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:label id="lab_dei_EntityFilerCategory_label_en-US" xlink:label="lab_dei_EntityFilerCategory" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityFilerCategory" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFilerCategory" xlink:to="lab_dei_EntityFilerCategory" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_LocalPhoneNumber_01a0cd4e-a6a3-708d-9c18-25187658f652_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:label id="lab_dei_LocalPhoneNumber_label_en-US" xlink:label="lab_dei_LocalPhoneNumber" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LocalPhoneNumber" xlink:to="lab_dei_LocalPhoneNumber" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_HighwaysDivisionMember_01a0cd4e-a884-79c8-951f-52e8a1d1bc8c_terseLabel_en-US" xlink:label="lab_fer_HighwaysDivisionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Highways Division</link:label>
    <link:label id="lab_fer_HighwaysDivisionMember_label_en-US" xlink:label="lab_fer_HighwaysDivisionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Highways Division [Member]</link:label>
    <link:label id="lab_fer_HighwaysDivisionMember_documentation_en-US" xlink:label="lab_fer_HighwaysDivisionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Highways Division</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_HighwaysDivisionMember" xlink:href="fer-20251231.xsd#fer_HighwaysDivisionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_HighwaysDivisionMember" xlink:to="lab_fer_HighwaysDivisionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_AddressTypeDomain_01a0cd4e-a6a3-74ff-9b5c-281f91b2c184_terseLabel_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Address Type [Domain]</link:label>
    <link:label id="lab_dei_AddressTypeDomain_label_en-US" xlink:label="lab_dei_AddressTypeDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Address Type [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_AddressTypeDomain" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AddressTypeDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_AddressTypeDomain" xlink:to="lab_dei_AddressTypeDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjectsVariation_01a0f8f0-f10e-7f7a-8466-05fd8809712d_terseLabel_en-US" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial result excluding infrastructure projects variation</link:label>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjectsVariation_label_en-US" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result excluding infrastructure projects variation</link:label>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjectsVariation_documentation_en-US" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial result excluding infrastructure projects variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinancialResultExcludingInfrastructureProjectsVariation" xlink:href="fer-20251231.xsd#fer_FinancialResultExcludingInfrastructureProjectsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinancialResultExcludingInfrastructureProjectsVariation" xlink:to="lab_fer_FinancialResultExcludingInfrastructureProjectsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments_01a0cd4e-a5db-725f-ba04-7bdbbc5a62ba_terseLabel_en-US" xlink:label="lab_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gains or losses on disposal of non-current assets and Impairments</link:label>
    <link:label id="lab_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments_label_en-US" xlink:label="lab_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gains or losses on disposal of non-current assets and Impairments</link:label>
    <link:label id="lab_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments_documentation_en-US" xlink:label="lab_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Gains or losses on disposal of non-current assets and Impairments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments" xlink:href="fer-20251231.xsd#fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments" xlink:to="lab_fer_GainsOrLossesOnDisposalOfNonCurrentAssetsAndImpairments" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_01a0cd4e-a551-74dd-b579-206327b81b3e_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:label id="lab_dei_EntityEmergingGrowthCompany_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityEmergingGrowthCompany" xlink:to="lab_dei_EntityEmergingGrowthCompany" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_01a0cd4e-a776-7d51-a81f-87268337f8a6_terseLabel_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:label id="lab_dei_EntityCommonStockSharesOutstanding_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCommonStockSharesOutstanding" xlink:to="lab_dei_EntityCommonStockSharesOutstanding" xlink:type="arc" order="1"/>
    <link:label id="lab_country_NL_01a0cd4e-a801-7994-8507-af635e7b30f9_terseLabel_en-US" xlink:label="lab_country_NL" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">NETHERLANDS</link:label>
    <link:label id="lab_country_NL_label_en-US" xlink:label="lab_country_NL" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NETHERLANDS</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_NL" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_NL"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_NL" xlink:to="lab_country_NL" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_SecurityExchangeName_01a0cd4e-a776-7a30-b40e-51335bd40f51_terseLabel_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:label id="lab_dei_SecurityExchangeName_label_en-US" xlink:label="lab_dei_SecurityExchangeName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_SecurityExchangeName" xlink:to="lab_dei_SecurityExchangeName" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation_01a0fc08-ba58-77d3-8be7-e32aab33b372_terseLabel_en-US" xlink:label="lab_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Financial result on derivatives and other net financial income expense ex-infrastructure projects variation</link:label>
    <link:label id="lab_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation_label_en-US" xlink:label="lab_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial result on derivatives and other net financial income expense ex-infrastructure projects variation</link:label>
    <link:label id="lab_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation_documentation_en-US" xlink:label="lab_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Financial result on derivatives and other net financial income expense ex-infrastructure projects variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation" xlink:href="fer-20251231.xsd#fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation" xlink:to="lab_fer_FinancialResultOnDerivativesAndOtherNetFinancialIncomeExpenseExInfrastructureProjectsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_LocalCurrencyAmountMember_01a0f8ff-a741-7c20-87df-d01fb8a28b0b_terseLabel_en-US" xlink:label="lab_fer_LocalCurrencyAmountMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Local currency amount</link:label>
    <link:label id="lab_fer_LocalCurrencyAmountMember_label_en-US" xlink:label="lab_fer_LocalCurrencyAmountMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local currency amount [Member]</link:label>
    <link:label id="lab_fer_LocalCurrencyAmountMember_documentation_en-US" xlink:label="lab_fer_LocalCurrencyAmountMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Local currency amount</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_LocalCurrencyAmountMember" xlink:href="fer-20251231.xsd#fer_LocalCurrencyAmountMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_LocalCurrencyAmountMember" xlink:to="lab_fer_LocalCurrencyAmountMember" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_RevenueBasisDomain_01a0f920-e092-7893-9ae5-64bb52b55cc4_terseLabel_en-US" xlink:label="lab_fer_RevenueBasisDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue basis [Domain]</link:label>
    <link:label id="lab_fer_RevenueBasisDomain_label_en-US" xlink:label="lab_fer_RevenueBasisDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue basis [Domain]</link:label>
    <link:label id="lab_fer_RevenueBasisDomain_documentation_en-US" xlink:label="lab_fer_RevenueBasisDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenue basis [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_RevenueBasisDomain" xlink:href="fer-20251231.xsd#fer_RevenueBasisDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_RevenueBasisDomain" xlink:to="lab_fer_RevenueBasisDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_01a0cd4e-a801-72bf-9419-d17187c3be75_terseLabel_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:label id="lab_dei_DocumentFinStmtErrorCorrectionFlag_label_en-US" xlink:label="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="lab_dei_DocumentFinStmtErrorCorrectionFlag" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AdjustedEBIT_01a0f8d1-2154-732c-b371-8f2117643cd3_terseLabel_en-US" xlink:label="lab_fer_AdjustedEBIT" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjusted EBIT</link:label>
    <link:label id="lab_fer_AdjustedEBIT_label_en-US" xlink:label="lab_fer_AdjustedEBIT" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted EBIT</link:label>
    <link:label id="lab_fer_AdjustedEBIT_documentation_en-US" xlink:label="lab_fer_AdjustedEBIT" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted EBIT</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AdjustedEBIT" xlink:href="fer-20251231.xsd#fer_AdjustedEBIT"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AdjustedEBIT" xlink:to="lab_fer_AdjustedEBIT" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AirportsDivisionMember_01a0cd4e-a776-789d-abad-3791dffe904d_terseLabel_en-US" xlink:label="lab_fer_AirportsDivisionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Airports division [Member]</link:label>
    <link:label id="lab_fer_AirportsDivisionMember_label_en-US" xlink:label="lab_fer_AirportsDivisionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Airports division [Member]</link:label>
    <link:label id="lab_fer_AirportsDivisionMember_documentation_en-US" xlink:label="lab_fer_AirportsDivisionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Airports division</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AirportsDivisionMember" xlink:href="fer-20251231.xsd#fer_AirportsDivisionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AirportsDivisionMember" xlink:to="lab_fer_AirportsDivisionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation_01a0f8f3-aaaf-73a3-ae03-2a408679e4d5_terseLabel_en-US" xlink:label="lab_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit/(loss) net of tax from discontinued operations variation</link:label>
    <link:label id="lab_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation_label_en-US" xlink:label="lab_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit/(loss) net of tax from discontinued operations variation</link:label>
    <link:label id="lab_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation_documentation_en-US" xlink:label="lab_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Profit/(loss) net of tax from discontinued operations variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation" xlink:href="fer-20251231.xsd#fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation" xlink:to="lab_fer_ProfitlossNetOfTaxFromDiscontinuedOperationsVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_srt_CurrencyAxis_01a0cd4e-a776-7371-a638-f166998c3c36_terseLabel_en-US" xlink:label="lab_srt_CurrencyAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:label id="lab_srt_CurrencyAxis_label_en-US" xlink:label="lab_srt_CurrencyAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_srt_CurrencyAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_CurrencyAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_CurrencyAxis" xlink:to="lab_srt_CurrencyAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ComparableRevenueReconciliationDomain_01a0f91f-aea0-7b6e-a227-82eabd469ec7_terseLabel_en-US" xlink:label="lab_fer_ComparableRevenueReconciliationDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comparable revenue reconciliation [Domain]</link:label>
    <link:label id="lab_fer_ComparableRevenueReconciliationDomain_label_en-US" xlink:label="lab_fer_ComparableRevenueReconciliationDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comparable revenue reconciliation [Domain]</link:label>
    <link:label id="lab_fer_ComparableRevenueReconciliationDomain_documentation_en-US" xlink:label="lab_fer_ComparableRevenueReconciliationDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Comparable revenue reconciliation [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ComparableRevenueReconciliationDomain" xlink:href="fer-20251231.xsd#fer_ComparableRevenueReconciliationDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ComparableRevenueReconciliationDomain" xlink:to="lab_fer_ComparableRevenueReconciliationDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OperatingProfitlossVariation_01a0f8ec-fe40-739d-be47-6161ddc393e3_terseLabel_en-US" xlink:label="lab_fer_OperatingProfitlossVariation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating profit/(loss) variation</link:label>
    <link:label id="lab_fer_OperatingProfitlossVariation_label_en-US" xlink:label="lab_fer_OperatingProfitlossVariation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating profit/(loss) variation</link:label>
    <link:label id="lab_fer_OperatingProfitlossVariation_documentation_en-US" xlink:label="lab_fer_OperatingProfitlossVariation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating profit/(loss) variation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OperatingProfitlossVariation" xlink:href="fer-20251231.xsd#fer_OperatingProfitlossVariation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OperatingProfitlossVariation" xlink:to="lab_fer_OperatingProfitlossVariation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_EBITDABasisAxis_01a0f922-4c2a-7e10-81aa-95d3582799c3_terseLabel_en-US" xlink:label="lab_fer_EBITDABasisAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">EBITDA basis [Axis]</link:label>
    <link:label id="lab_fer_EBITDABasisAxis_label_en-US" xlink:label="lab_fer_EBITDABasisAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EBITDA basis [Axis]</link:label>
    <link:label id="lab_fer_EBITDABasisAxis_documentation_en-US" xlink:label="lab_fer_EBITDABasisAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">EBITDA basis</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_EBITDABasisAxis" xlink:href="fer-20251231.xsd#fer_EBITDABasisAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_EBITDABasisAxis" xlink:to="lab_fer_EBITDABasisAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressAddressLine1_01a0cd4e-a776-7f21-9b74-204baf754190_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:label id="lab_dei_EntityAddressAddressLine1_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1" xlink:to="lab_dei_EntityAddressAddressLine1" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_01a0cd4e-a552-7e25-88e4-d9ba21b12d60_terseLabel_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label id="lab_ifrs-full_CashAndCashEquivalents_label_en-US" xlink:label="lab_ifrs-full_CashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashAndCashEquivalents" xlink:to="lab_ifrs-full_CashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_SegmentsDomain_01a0cd4e-a551-7931-8255-129696a6df2b_terseLabel_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:label id="lab_ifrs-full_SegmentsDomain_label_en-US" xlink:label="lab_ifrs-full_SegmentsDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_SegmentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_SegmentsDomain" xlink:to="lab_ifrs-full_SegmentsDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AmountInEURMember_01a0f8ff-1b94-7e1f-92f6-d07ca3da96d5_terseLabel_en-US" xlink:label="lab_fer_AmountInEURMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount in EUR</link:label>
    <link:label id="lab_fer_AmountInEURMember_label_en-US" xlink:label="lab_fer_AmountInEURMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amount in EUR [Member]</link:label>
    <link:label id="lab_fer_AmountInEURMember_documentation_en-US" xlink:label="lab_fer_AmountInEURMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount in EUR</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AmountInEURMember" xlink:href="fer-20251231.xsd#fer_AmountInEURMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AmountInEURMember" xlink:to="lab_fer_AmountInEURMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityVoluntaryFilers_01a0cd4e-a6a3-7710-a252-363d491fe3cf_terseLabel_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:label id="lab_dei_EntityVoluntaryFilers_label_en-US" xlink:label="lab_dei_EntityVoluntaryFilers" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityVoluntaryFilers" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityVoluntaryFilers" xlink:to="lab_dei_EntityVoluntaryFilers" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_ContactPersonnelName_01a0cd4e-a6a3-707d-9e2c-10806d5dc852_terseLabel_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Contact Personnel Name</link:label>
    <link:label id="lab_dei_ContactPersonnelName_label_en-US" xlink:label="lab_dei_ContactPersonnelName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Contact Personnel Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_ContactPersonnelName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_ContactPersonnelName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_ContactPersonnelName" xlink:to="lab_dei_ContactPersonnelName" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_RevenuesComparableLikeForLike_01a0f91c-bf1f-7570-8e71-9154c1cfd95d_terseLabel_en-US" xlink:label="lab_fer_RevenuesComparableLikeForLike" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenues Comparable (Like-for-like)</link:label>
    <link:label id="lab_fer_RevenuesComparableLikeForLike_label_en-US" xlink:label="lab_fer_RevenuesComparableLikeForLike" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenues Comparable (Like-for-like)</link:label>
    <link:label id="lab_fer_RevenuesComparableLikeForLike_documentation_en-US" xlink:label="lab_fer_RevenuesComparableLikeForLike" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Revenues Comparable (Like-for-like)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_RevenuesComparableLikeForLike" xlink:href="fer-20251231.xsd#fer_RevenuesComparableLikeForLike"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_RevenuesComparableLikeForLike" xlink:to="lab_fer_RevenuesComparableLikeForLike" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AdjustedEBITGrowthRate_01a0f924-3e1b-7abc-999d-95797a59c728_terseLabel_en-US" xlink:label="lab_fer_AdjustedEBITGrowthRate" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Adjusted EBIT Growth Rate</link:label>
    <link:label id="lab_fer_AdjustedEBITGrowthRate_label_en-US" xlink:label="lab_fer_AdjustedEBITGrowthRate" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjusted EBIT Growth Rate</link:label>
    <link:label id="lab_fer_AdjustedEBITGrowthRate_documentation_en-US" xlink:label="lab_fer_AdjustedEBITGrowthRate" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Adjusted EBIT Growth Rate</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AdjustedEBITGrowthRate" xlink:href="fer-20251231.xsd#fer_AdjustedEBITGrowthRate"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AdjustedEBITGrowthRate" xlink:to="lab_fer_AdjustedEBITGrowthRate" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_DocumentInformationTable_01a0cd4e-a551-71ea-9417-8fba281f9c50_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:label id="lab_dei_DocumentInformationTable_label_en-US" xlink:label="lab_dei_DocumentInformationTable" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_DocumentInformationTable" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentInformationTable"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentInformationTable" xlink:to="lab_dei_DocumentInformationTable" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_AccountingModelAdjustments_01a0f919-366a-78ce-af36-4b60baf5bec2_terseLabel_en-US" xlink:label="lab_fer_AccountingModelAdjustments" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting model adjustments</link:label>
    <link:label id="lab_fer_AccountingModelAdjustments_label_en-US" xlink:label="lab_fer_AccountingModelAdjustments" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting model adjustments</link:label>
    <link:label id="lab_fer_AccountingModelAdjustments_documentation_en-US" xlink:label="lab_fer_AccountingModelAdjustments" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Accounting model adjustments</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_AccountingModelAdjustments" xlink:href="fer-20251231.xsd#fer_AccountingModelAdjustments"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_AccountingModelAdjustments" xlink:to="lab_fer_AccountingModelAdjustments" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_01a0cd4e-a5db-7118-9e72-f3e9f01a4bde_terseLabel_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Profit (loss) before income taxes</link:label>
    <link:label id="lab_ifrs-full_ProfitLossBeforeTax_label_en-US" xlink:label="lab_ifrs-full_ProfitLossBeforeTax" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Profit (loss) before income taxes</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_ProfitLossBeforeTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossBeforeTax"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_ProfitLossBeforeTax" xlink:to="lab_ifrs-full_ProfitLossBeforeTax" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_EnergyDivisionMember_01a0cd4e-a5db-7759-8f1d-ff2e6f8f9e54_terseLabel_en-US" xlink:label="lab_fer_EnergyDivisionMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Energy Division [Member]</link:label>
    <link:label id="lab_fer_EnergyDivisionMember_label_en-US" xlink:label="lab_fer_EnergyDivisionMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Energy Division [Member]</link:label>
    <link:label id="lab_fer_EnergyDivisionMember_documentation_en-US" xlink:label="lab_fer_EnergyDivisionMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Energy Division</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_EnergyDivisionMember" xlink:href="fer-20251231.xsd#fer_EnergyDivisionMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_EnergyDivisionMember" xlink:to="lab_fer_EnergyDivisionMember" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_FixedAssetDepreciation_01a0f92f-40c9-762e-9030-4fd347e7e7ad_terseLabel_en-US" xlink:label="lab_fer_FixedAssetDepreciation" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fixed asset depreciation</link:label>
    <link:label id="lab_fer_FixedAssetDepreciation_label_en-US" xlink:label="lab_fer_FixedAssetDepreciation" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fixed asset depreciation</link:label>
    <link:label id="lab_fer_FixedAssetDepreciation_documentation_en-US" xlink:label="lab_fer_FixedAssetDepreciation" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fixed asset depreciation</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_FixedAssetDepreciation" xlink:href="fer-20251231.xsd#fer_FixedAssetDepreciation"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_FixedAssetDepreciation" xlink:to="lab_fer_FixedAssetDepreciation" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_WebberMember_01a0cd4e-a801-7aca-a8c0-db5529ecd7ec_terseLabel_en-US" xlink:label="lab_fer_WebberMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Webber [Member]</link:label>
    <link:label id="lab_fer_WebberMember_label_en-US" xlink:label="lab_fer_WebberMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Webber [Member]</link:label>
    <link:label id="lab_fer_WebberMember_documentation_en-US" xlink:label="lab_fer_WebberMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Webber</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_WebberMember" xlink:href="fer-20251231.xsd#fer_WebberMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_WebberMember" xlink:to="lab_fer_WebberMember" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityRegistrantName_01a0cd4e-a5db-77e7-b037-fdcfda14b2e6_terseLabel_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:label id="lab_dei_EntityRegistrantName_label_en-US" xlink:label="lab_dei_EntityRegistrantName" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName" xlink:to="lab_dei_EntityRegistrantName" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ComparableLikeForLikeRevenueMember_01a0f921-8324-71bf-9f81-4fc2bc352a4c_terseLabel_en-US" xlink:label="lab_fer_ComparableLikeForLikeRevenueMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Comparable like for like revenue</link:label>
    <link:label id="lab_fer_ComparableLikeForLikeRevenueMember_label_en-US" xlink:label="lab_fer_ComparableLikeForLikeRevenueMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comparable like for like revenue [Member]</link:label>
    <link:label id="lab_fer_ComparableLikeForLikeRevenueMember_documentation_en-US" xlink:label="lab_fer_ComparableLikeForLikeRevenueMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Comparable like for like revenue</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ComparableLikeForLikeRevenueMember" xlink:href="fer-20251231.xsd#fer_ComparableLikeForLikeRevenueMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ComparableLikeForLikeRevenueMember" xlink:to="lab_fer_ComparableLikeForLikeRevenueMember" xlink:type="arc" order="1"/>
    <link:label id="lab_country_US_01a0cd4e-a776-7efd-8dab-5391452de2f7_terseLabel_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">UNITED STATES</link:label>
    <link:label id="lab_country_US_label_en-US" xlink:label="lab_country_US" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">UNITED STATES</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_country_US" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_US"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_country_US" xlink:to="lab_country_US" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_OperatingResultsFromNewlyAcquiredCompanies_01a0f919-366a-7ea3-a9a3-b6d2fa695e7b_terseLabel_en-US" xlink:label="lab_fer_OperatingResultsFromNewlyAcquiredCompanies" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating results from newly acquired companies</link:label>
    <link:label id="lab_fer_OperatingResultsFromNewlyAcquiredCompanies_label_en-US" xlink:label="lab_fer_OperatingResultsFromNewlyAcquiredCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Operating results from newly acquired companies</link:label>
    <link:label id="lab_fer_OperatingResultsFromNewlyAcquiredCompanies_documentation_en-US" xlink:label="lab_fer_OperatingResultsFromNewlyAcquiredCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Operating results from newly acquired companies</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_OperatingResultsFromNewlyAcquiredCompanies" xlink:href="fer-20251231.xsd#fer_OperatingResultsFromNewlyAcquiredCompanies"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_OperatingResultsFromNewlyAcquiredCompanies" xlink:to="lab_fer_OperatingResultsFromNewlyAcquiredCompanies" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_RestructuringCosts_01a0f919-366a-7df5-ba44-9ae56059ede3_terseLabel_en-US" xlink:label="lab_fer_RestructuringCosts" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restructuring costs</link:label>
    <link:label id="lab_fer_RestructuringCosts_label_en-US" xlink:label="lab_fer_RestructuringCosts" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restructuring costs</link:label>
    <link:label id="lab_fer_RestructuringCosts_documentation_en-US" xlink:label="lab_fer_RestructuringCosts" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Restructuring costs</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_RestructuringCosts" xlink:href="fer-20251231.xsd#fer_RestructuringCosts"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_RestructuringCosts" xlink:to="lab_fer_RestructuringCosts" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss._01a0f91e-21af-7392-8f39-8d1635c4901c_terseLabel_en-US" xlink:label="lab_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss." xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reconciliation of comparable adjusted EBIT (like-for-like basis) to our net profit (or loss).</link:label>
    <link:label id="lab_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss._label_en-US" xlink:label="lab_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss." xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reconciliation of comparable adjusted EBIT (like-for-like basis) to our net profit (or loss).</link:label>
    <link:label id="lab_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss._documentation_en-US" xlink:label="lab_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss." xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Reconciliation of comparable adjusted EBIT (like-for-like basis) to our net profit (or loss).</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss." xlink:href="fer-20251231.xsd#fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss."/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss." xlink:to="lab_fer_ReconciliationOfComparableAdjustedEBITLikeForLikeBasisToOurNetProfitOrLoss." xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_01a0cd4e-a5db-7d07-bed6-1b156e3b6685_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:label id="lab_dei_EntityIncorporationStateCountryCode_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode" xlink:to="lab_dei_EntityIncorporationStateCountryCode" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_ConcessionOperatorAxis_01a0cd4e-a776-77a3-a398-9fefea5f1b45_terseLabel_en-US" xlink:label="lab_fer_ConcessionOperatorAxis" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Concession operator [Axis]</link:label>
    <link:label id="lab_fer_ConcessionOperatorAxis_label_en-US" xlink:label="lab_fer_ConcessionOperatorAxis" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concession operator [Axis]</link:label>
    <link:label id="lab_fer_ConcessionOperatorAxis_documentation_en-US" xlink:label="lab_fer_ConcessionOperatorAxis" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Concession operator</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_ConcessionOperatorAxis" xlink:href="fer-20251231.xsd#fer_ConcessionOperatorAxis"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_ConcessionOperatorAxis" xlink:to="lab_fer_ConcessionOperatorAxis" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_Security12bTitle_01a0cd4e-a776-7087-ad46-25802ccf06a6_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:label id="lab_dei_Security12bTitle_label_en-US" xlink:label="lab_dei_Security12bTitle" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_Security12bTitle" xlink:to="lab_dei_Security12bTitle" xlink:type="arc" order="1"/>
    <link:label id="lab_dei_EntityAddressPostalZipCode_01a0cd4e-a801-79fd-b902-58879d609f19_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:label id="lab_dei_EntityAddressPostalZipCode_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode" xlink:to="lab_dei_EntityAddressPostalZipCode" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_CurrencyPresentationBasisDomain_01a0f8fe-b62a-725d-814e-db07d1180fe4_terseLabel_en-US" xlink:label="lab_fer_CurrencyPresentationBasisDomain" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Currency presentation basis [Domain]</link:label>
    <link:label id="lab_fer_CurrencyPresentationBasisDomain_label_en-US" xlink:label="lab_fer_CurrencyPresentationBasisDomain" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Currency presentation basis [Domain]</link:label>
    <link:label id="lab_fer_CurrencyPresentationBasisDomain_documentation_en-US" xlink:label="lab_fer_CurrencyPresentationBasisDomain" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Currency presentation basis [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_CurrencyPresentationBasisDomain" xlink:href="fer-20251231.xsd#fer_CurrencyPresentationBasisDomain"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_CurrencyPresentationBasisDomain" xlink:to="lab_fer_CurrencyPresentationBasisDomain" xlink:type="arc" order="1"/>
    <link:label id="lab_fer_BudimexMember_01a0f924-7be7-76d1-89d2-852b5a5fdf71_terseLabel_en-US" xlink:label="lab_fer_BudimexMember" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Budimex</link:label>
    <link:label id="lab_fer_BudimexMember_label_en-US" xlink:label="lab_fer_BudimexMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Budimex [Member]</link:label>
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