Ferrovial SEFerrovial-led DriveTN consortium selected to deliver the $9.2B I-24 Southeast Choice Lanes project in Tennessee.

Ferrovial announced on August 19 that it has been selected to deliver the I-24 Southeast Choice Lanes, a 26-mile project running between Nashville and Murfreesboro, at a price tag of $9.2 billion. The project is the largest single capital investment in Tennessee's history and the state's first public-private partnership, and Ferrovial is not carrying it alone, since its DriveTN consortium also counts Transurban and Tikehau Star Infra as partners. Ferrovial's July 28 results showed adjusted EBITDA up 21.6% on a like-for-like basis to €746 million over the first six months of the year, with U.S. highways doing most of the lifting, and the construction order book reached an all-time high of €18 billion. Net profit for the first half of 2026 came in at €258 million, versus €540 million for the same period of 2025, a comparison made harsh by capital gains from asset rotation in the earlier figure. Ferrovial ended the first half with €1.3 billion in net cash, excluding infrastructure projects, and has finished funding the $1.1 billion in equity it pledged for New Terminal One at JFK, where construction is 92% complete.
Ferrovial SEFerrovial-led DriveTN consortium selected to deliver the $9.2B I-24 Southeast Choice Lanes project in Tennessee.
Tikehau Star Infra is a partner in the DriveTN consortium awarded the $9.2B I-24 Choice Lanes project.
Transurban is a partner in the DriveTN consortium that won the $9.2B I-24 Choice Lanes project.