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Ferrovial jumps nearly 8% on the Ibex 35 after detailing financing for its Tennessee concession

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

Ferrovial shares surge nearly 8% and lead gains on the Ibex 35 after the company sent investors the financial details of its concession for the I-24 Express Lanes project in Nashville (Tennessee). The concession has a net present value of $21 billion, clarifying the $24.8 billion reported when it won the contract. The company reports quarterly results after the US market close.

In 40 seconds

  • Ferrovial rises nearly 8% and leads the Ibex 35 after publishing the financial plan for the I-24 Express Lanes concession in Tennessee.
  • The concession has a net present value of $21 billion, compared with the $24.8 billion gross figure reported when the contract was awarded.
  • The payment plan to the Tennessee Department of Transportation totals about $7.7 billion nominal between 2027 and 2033, with a maximum of $1.1 billion per year.
Read the full story at XTB.com

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

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