Ferrovial selected to deliver Tennessee's I-24 Choice Lanes
DriveTN will privately fund the $9.2 billion project and pay Tennessee $24.8 billion over 50 years as the lanes aim to ease congestion.
- On Wednesday, the Tennessee Transportation Modernization Board approved DriveTN to construct and operate optional 'Choice Lanes' along a 26-mile corridor of Interstate 24 between Nashville and Murfreesboro.
- Authorized by the Transportation Modernization Act of 2023, the project addresses Tennessee's $58 billion backlog of unfunded road infrastructure that the state's current no-debt funding model cannot sustain.
- DriveTN will privately fund 100% of the $9.2 billion construction cost, while the state expects $24.8 billion in concession value over the next 50 years.
- Despite the approval, Nashville Democratic Rep. John Ray Clemmons warned the tolls could "profit off the backs of Tennessee's working families," while Glencliff residents fear losing 20 to 30 homes.
- To address community concerns, TDOT will host public meetings September 8 and 9, while the board authorized development of three potential future expansions along I-40 and I-840.
32 Articles
32 Articles
Tennessee tabs road-building group for $9B toll lanes project
Members of Tennessee's Transportation Modernization Board met Wednesday to award a contract to build toll lanes from Southeast Nashville to Murfreesboro. (Photo: Sam Stockard/Tennessee Lookout)A Tennessee transportation board selected a road-building group Wednesday to fund and build toll lanes from the southeast Nashville area to Murfreesboro as part of a package in which the contractor locked up the bid by agreeing to pay the state nearly $25 …
The company has been selected to develop the I-24 express lanes in Tennessee
Pay to skip traffic: Tennessee picks company to build I-24 choice lanes
Drive-TN will privately fund $9.2 billion in construction costs for 26 miles of optional toll lanes between Nashville and Murfreesboro, offering nearly $24.8 billion in concession value to the state.
Star Local
Board approves private partnership for Nashville toll roads
(The Center Square) – The Tennessee Transportation Modernization Board took the next step in constructing toll lanes along a 26-mile corridor from Murfreesboro to Nashville with the approval of a private consortium of companies that will oversee the project and…
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