Ferrovial wins contract to build Tennessee’s I-24 Choice Lanes, marking the state’s largest private infrastructure investment
Executive summary: Ferrovial was selected to deliver the I-24 Choice Lanes project in Tennessee. It constitutes the largest private investment in the state’s history and will provide essential infrastructure to the Nashville region.
Who is involved: Ferrovial, the Tennessee Department of Transportation (or state authorities), and the Nashville metropolitan area.
Likely next: The project will move toward financial close, followed by construction commencement and eventual toll‑lane operations.
Ferrovial has been chosen by Tennessee authorities to design and construct the I-24 Choice Lanes project, a managed‑lane highway scheme serving the Nashville metro area. The award represents the largest private‑sector investment ever made in Tennessee’s transportation infrastructure. The project aims to alleviate congestion and support regional growth by adding toll‑managed lanes along I‑24. Ferrovial’s involvement underscores its continued expansion in U.S. public‑private partnership projects.
Timeline
- — Ferrovial selected to deliver Tennessee's I-24 Choice Lanes (PR Newswire)
Analysis — what this means
Sectors affected
- Transportation infrastructure
- Construction
- Toll road operations