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    <link:label id="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects_documentation_en" xlink:label="lab_fer_FinancialResultOnFinancingExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Financial result on financing, excluding infrastructure projects</link:label>
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    <link:label id="lab_fer_CashAndCashEquivalentsExcludingInfrastructureProjects_documentation_en" xlink:label="lab_fer_CashAndCashEquivalentsExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Cash and cash equivalents, excluding infrastructure projects</link:label>
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    <link:label id="lab_fer_CashAndCashEquivalentsInfrastructureProjects_label_en" xlink:label="lab_fer_CashAndCashEquivalentsInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Cash and cash equivalents, infrastructure projects</link:label>
    <link:label id="lab_fer_CashAndCashEquivalentsInfrastructureProjects_documentation_en" xlink:label="lab_fer_CashAndCashEquivalentsInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Cash and cash equivalents, infrastructure projects</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_CashAndCashEquivalentsInfrastructureProjects" xlink:href="fer-2025-12-31.xsd#fer_CashAndCashEquivalentsInfrastructureProjects"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_fer_CashAndCashEquivalentsInfrastructureProjects" xlink:to="lab_fer_CashAndCashEquivalentsInfrastructureProjects" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_a86a4fc3-e690-45fd-88d6-bd019b354361_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2024-03-27/full_ifrs/full_ifrs-cor_2024-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
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    <link:label id="lab_fer_RemunerationOfShareholder_label_en" xlink:label="lab_fer_RemunerationOfShareholder" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Remuneration of shareholder</link:label>
    <link:label id="lab_fer_RemunerationOfShareholder_documentation_en" xlink:label="lab_fer_RemunerationOfShareholder" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Remuneration of shareholder</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_RemunerationOfShareholder" xlink:href="fer-2025-12-31.xsd#fer_RemunerationOfShareholder"/>
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    <link:label id="lab_fer_IncomeTaxRelatingToOtherComprehensiveIncomeAndExpensesReclassifiedToProfitOrLossOfHeldForSaleCompanies_e8febe69-4749-41bd-bce5-9c31f914e796_negatedLabel_en" xlink:label="lab_fer_IncomeTaxRelatingToOtherComprehensiveIncomeAndExpensesReclassifiedToProfitOrLossOfHeldForSaleCompanies" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en">Income tax relating to other comprehensive income and expenses reclassified to profit or loss of held for sale companies</link:label>
    <link:label id="lab_fer_IncomeTaxRelatingToOtherComprehensiveIncomeAndExpensesReclassifiedToProfitOrLossOfHeldForSaleCompanies_label_en" xlink:label="lab_fer_IncomeTaxRelatingToOtherComprehensiveIncomeAndExpensesReclassifiedToProfitOrLossOfHeldForSaleCompanies" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Income tax relating to other comprehensive income and expenses reclassified to profit or loss of held for sale companies</link:label>
    <link:label id="lab_fer_IncomeTaxRelatingToOtherComprehensiveIncomeAndExpensesReclassifiedToProfitOrLossOfHeldForSaleCompanies_documentation_en" xlink:label="lab_fer_IncomeTaxRelatingToOtherComprehensiveIncomeAndExpensesReclassifiedToProfitOrLossOfHeldForSaleCompanies" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Income tax relating to other comprehensive income and expenses reclassified to profit or loss of held for sale companies</link:label>
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    <link:label id="lab_fer_FixedAssetsInInfrastructureProjectsIntangibleAssetModel_documentation_en" xlink:label="lab_fer_FixedAssetsInInfrastructureProjectsIntangibleAssetModel" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Fixed assets in infrastructure projects, Intangible asset model</link:label>
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    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjects_fc698ac1-d221-4cce-ad43-599cbe56502c_totalLabel_en" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en">Financial result excluding infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjects_label_en" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Financial result excluding infrastructure projects</link:label>
    <link:label id="lab_fer_FinancialResultExcludingInfrastructureProjects_documentation_en" xlink:label="lab_fer_FinancialResultExcludingInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Financial result excluding infrastructure projects</link:label>
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    <link:label id="lab_fer_InvestmentsInInfrastructureProjects_label_en" xlink:label="lab_fer_InvestmentsInInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en">Investments In Infrastructure Projects</link:label>
    <link:label id="lab_fer_InvestmentsInInfrastructureProjects_documentation_en" xlink:label="lab_fer_InvestmentsInInfrastructureProjects" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en">Investments In Infrastructure Projects</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_fer_InvestmentsInInfrastructureProjects" xlink:href="fer-2025-12-31.xsd#fer_InvestmentsInInfrastructureProjects"/>
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