Ferrovial Announces Commercial Close of I-24 Southeast Choice Lanes in Tennessee
The commercial close clears the way for the project to enter operations, with Ferrovial citing managed-lane benefits and long-term mobility gains.
- On Wednesday, the Tennessee Department of Transportation reached a commercial close with DriveTN, the partner selected to deliver the I-24 Southeast Choice Lanes project.
- This 50-year contract establishes the framework for DriveTN to design, build, finance, operate, and maintain new Choice Lanes along about 26 miles of I-24 between Nashville and Murfreesboro.
- The Transportation Modernization Board approved the DriveTN consortium—which includes Ferrovial, Transurban, and Kiewit—on August 19, advancing the partnership toward procurement milestones.
- Actively managing traffic from Nashville to Murfreesboro, the Choice Lanes will give Tennesseans the power to choose travel options on the state's most congested corridor.
- TDOT plans open house meetings in November on the technical proposal, while the agency targets financial close in 2027 as the final procurement milestone.
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The Spanish firm achieves a historic agreement to develop express lanes in Tennessee, marking the largest public investment in the state.The consortium led by the company will build and maintain the road for 50 years, boosting the economy and improving local traffic.
The company, which is part of the DriveTN consortium, will operate the lanes under a 50-year concession.
Ferrovial Closes the I-24 Express Lanes in Nashville and Accelerates Its Highway Business in the USA
Ferrovial reaches the commercial closure of the express lanes of the I-24 in Nashville and accelerates its business of pay highways in the USA. The Ferrovial entrance closes the express lanes of the I-24 in Nashville and accelerates its business of highways in the USA aparece primero en Merca2.
The Spanish infrastructure company Ferrovial announced on Wednesday the closing of the trade agreement to develop the express lanes of the I-24 Southeast motorway in Nashville (USA). Read
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