Ferrovial makes a high-stakes bet in the US with I-24 as its shares fall nearly 20%

FinanceInternationalEL PAÍSOct 20, 2026, 10:30 PM45 s readAI summary

The DriveTN consortium, led by Ferrovial alongside Transurban and Tikehau, won in August the contract to build and operate for 50 years two tolled lanes in each direction along 42 kilometers of I-24, between Nashville and Murfreesboro. The work will cost 9.2 billion dollars and the consortium offered Tennessee a concession value of 24.8 billion, compared with bids from Sacyr and ACS of around 7 billion. The share went from about 55 euros before the award to 44.18 on Friday, nearly 20% lower.

In 45 seconds

DriveTN, led by Ferrovial, was awarded the I-24 in Tennessee in August: 42 kilometers of toll road and 50 years of operation.
The work will cost 9.2 billion dollars and the consortium offered a concession value of 24.8 billion, versus around 7 billion from Sacyr and ACS.
The share fell from about 55 euros to 44.18, nearly 20%, and JPMorgan cut its rating to "neutral".

Read the full story at EL PAÍS

IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.

Ferrovial
autopistas
concesiones
Estados Unidos
infraestructura

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Ferrovial makes a high-stakes bet in the US with I-24 as its shares fall nearly 20%

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