{"success":true,"data":{"pressRelease":{"id":"123387","rtpr_id":"nPn3XTJLQa","ticker":"FERF","exchange":"Euronext Amsterdam","all_tickers":["FERF"],"title":"Ferrovial selected to deliver Tennessee's I-24 Choice Lanes","author":"PR Newswire","published_at":"2026-08-20T02:11:23.800Z","article_body":"Ferrovial selected to deliver Tennessee's I-24 Choice Lanes\n\nPR Newswire\n\nAMSTERDAM, Aug. 19, 2026\n\n * The project represents the largest private investment in the state's history,\nbringing essential infrastructure to the growing Nashville region\nAMSTERDAM, Aug. 19, 2026 /PRNewswire/ -- Ferrovial, a leading global\ninfrastructure company, today announced it has been selected to deliver\nTennessee's I-24 Southeast Choice Lanes in Nashville, the largest single\ncapital investment and first public-private partnership in Tennessee's\nhistory.\n\n\"We are honored to be selected to deliver this landmark transportation project\nfor Tennessee, which will enhance mobility and support the state's continued\neconomic success,\" said Ignacio Madridejos, Ferrovial CEO. \"As communities\nacross the U.S. continue to grow, innovative infrastructure investment is\nessential to meeting future transportation needs. We look forward to\ndelivering a project that improves connectivity and creates value for decades\nto come.\"\n\nThe 26-mile project will add choice lanes in both directions along I-24\nbetween Nashville and Murfreesboro, improving mobility along one of the\nregion's most congested corridors. The Ferrovial-led consortium, DriveTN,\nwhich includes Transurban and Tikehau Star Infra, will finance, design, build,\noperate and maintain the $9.2 billion project, while providing a projected\n$24.8 billion in concession value to Tennessee.\n\nThe I-24 Southeast Choice Lanes project will provide a cost-effective\ntransportation solution offering reliable travel times along a key corridor\nextending from I-40 east of downtown Nashville to I-840 near Murfreesboro.\nDrivers who choose to use the lanes will benefit from more consistent travel\nspeeds, even during peak periods, while those remaining in the free\ngeneral-purpose lanes will also experience reduced congestion.\n\nFerrovial has successfully replicated this model in other growing U.S.\nmetropolitan areas, including Dallas-Fort Worth, Charlotte and Washington,\nD.C. On Virginia's 66 Express Outside the Beltway corridor, similar express\nlanes have reduced peak travel times by as much as 50 percent while providing\nreliable trip conditions. By bringing that experience to Tennessee, the\nproject will deliver lasting mobility benefits and support continued growth\nacross the region.\n\n(* This press release includes inside information in accordance with article 7\nof the Market Abuse Regulation)\n\nAbout Ferrovial\nFerrovial is a leading global infrastructure company transforming highways,\nairports, and energy around the world. Its distinctive integrated business\nmodel supports the entire lifecycle of complex projects, from design and\nfinancing to construction, operation and maintenance. The company has a global\npresence and employs more than 22,500 people worldwide. North America is\nFerrovial's growth engine, where it developed and is currently operating five\nExpress Lanes across Texas, North Carolina and Virginia, and is managing the\n407 ETR highway in Toronto, Canada. The company is also leading the\ndevelopment of the New Terminal One at JFK International Airport. Ferrovial\nshares trade under the ticker symbol FER on three stock markets: U.S.\n(Nasdaq100 Index), Spain (IBEX35), and the Netherlands. The company is\nincluded in globally recognized sustainability indices such as the Dow Jones\nBest-in-Class Index.\n\nForward-looking statements\nThis press release contains forward-looking statements, which include\nstatements with respect to the steps of the planned delisting from Euronext\nAmsterdam. Any express or implied statements contained in this announcement\nthat are not statements of historical fact may be deemed to be forward-looking\nstatements, including, without limitation, statements regarding estimates and\nprojections provided by Ferrovial and certain other sources with respect to\nFerrovial's financial position, business strategy, plans, and objectives of\nmanagement for future operations, dividends, capital structure, as well as\nstatements that include the words \"expect,\" \"aim,\" \"intend,\" \"plan,\"\n\"believe,\" \"project,\" \"forecast,\" \"estimate,\" \"may,\" \"will\", \"should,\"\n\"target,\" \"anticipate\" and similar statements of a future or forward-looking\nnature, or the negative of these terms or other similar expressions, although\nnot all forward-looking statements contain these words. Such statements may\nreflect various assumptions by Ferrovial and are subject to significant\nbusiness, regulatory, economic and competitive uncertainties and\ncontingencies, and known and unknown risks, many of which are beyond\nFerrovial's control and may be impossible to predict. Ferrovial gives no\nrepresentation or warranty as to the accuracy or completeness of such\nstatements, expectations, estimates and projections contained in this press\nrelease or that any forecast made or contained herein will be achieved. Risks\nand uncertainties that could cause actual results to differ include, without\nlimitation: risks related to our diverse geographical operations and business\ndivisions; general economic and political conditions and events and the impact\nthey may have on us, including, but not limited to, impacts on demand or\npublic fund allocation in the industries in which we operate, volatility or\nincreases in inflation rates and rates of interest, exchange rate\nfluctuations, increased costs and availability of materials, and other ongoing\nimpacts including from, for example, changes in tariff regimes, the\nRussia/Ukraine conflict, and the Middle East conflict; our legal and\nregulatory risks given that we operate in highly regulated environments, and\nthe impact of any changes in governmental laws and regulations, including but\nnot limited to tax regimes or regulations; the fact that our business is\nderived from a small number of major projects; risks related to government\ncontracting; the impact of competitive pressures in our industries, including\non bid success and pricing; risks related to our acquisitions, divestments and\nother strategic transactions that we may undertake; cyber threats or other\ntechnology disruptions; our ability accurately to develop estimates or the\nimpact of changes in our underlying assumptions, with respect to project\nplans, including project timing and budgets, and our ability to meet\ncontractual expectations with respect thereto; the impacts of accidents,\ndisruptions, or other incidents at our project sites and facilities; our\nability to obtain adequate financing or access to capital in the future as\nneeded and the impact of reliance on joint venture and partnership\narrangements; our reliance on and ability to locate, select, monitor, and\nmanage subcontractors and service providers; the impact of certain swaps and\nhedging arrangements we enter into from time to time; limitations on our\nability to declare and fund future dividends or other distributions, and\ndistribution processes and timelines; our ability to maintain compliance with\nthe continued listing requirements of Nasdaq Global Select Market and the\nSpanish Stock Exchanges; lawsuits and other claims by third parties or\ninvestigations by various regulatory agencies that we may be subject to; our\nability to comply with our ESG commitments or other sustainability demands,\nincluding changing or conflicting expectations in connection with\nsustainability and ESG matters; physical and transitional risks in connection\nwith the impacts of climate change; risks related to the adequacy or existence\nof our insurance coverage and any non-recoverable losses; and the other\nimportant factors discussed under the caption \"Risk Factors\" in our Annual\nReport on Form 20-F filed with the U.S. Securities and Exchange Commission\n(\"SEC\") for the fiscal year ended December 31, 2025 which is available on the\nSEC website at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756229-1&h=3167456685&u=https%3A%2F%2Fwww.sec.gov&a=www.sec.gov)\n, as such factors may be updated from time to time in our other filings with\nthe SEC. Any forward-looking statements contained in this announcement speak\nonly as of the date hereof and accordingly undue reliance should not be placed\non such statements. We disclaim any obligation or undertaking to update or\nrevise any forward-looking statements contained in this announcement, whether\nas a result of new information, future events or otherwise, other than to the\nextent required by applicable law. Forward-looking statements in this\nannouncement are made pursuant to the safe harbor provisions contained in the\nU.S. Private Securities Litigation Reform Act of 1995. We intend such\nforward-looking statements to be covered by relevant safe harbor provisions\nfor forward-looking statements (or their equivalent) of any applicable\njurisdiction.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ferrovial-selected-to-deliver-tennessees-i-24-choice-lanes-302855849.html\n(https://www.prnewswire.com/news-releases/ferrovial-selected-to-deliver-tennessees-i-24-choice-lanes-302855849.html)\n\nSOURCE Ferrovial\n\n\n\nPress Contact: Rebecca Rountree, +1 512 568 5015, rrountree@ferrovial.com; Investor Relations Contact: +34 91 586 25 65 (Spain), +31 20 798 37 00 (The Netherlands), ir@ferrovial.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1549413/FER-BR-FERROVIAL-MAIN-RGB-Logo-Logo.jpg?id=OA2899247\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn3XTJLQa","title":"Ferrovial selected to deliver Tennessee's I-24 Choice Lanes","author":"PR Newswire","ticker":"FERF","created":"2026-08-20T02:11:23.800Z","tickers":["FERF"],"exchange":"Euronext Amsterdam","article_body":"Ferrovial selected to deliver Tennessee's I-24 Choice Lanes\n\nPR Newswire\n\nAMSTERDAM, Aug. 19, 2026\n\n * The project represents the largest private investment in the state's history,\nbringing essential infrastructure to the growing Nashville region\nAMSTERDAM, Aug. 19, 2026 /PRNewswire/ -- Ferrovial, a leading global\ninfrastructure company, today announced it has been selected to deliver\nTennessee's I-24 Southeast Choice Lanes in Nashville, the largest single\ncapital investment and first public-private partnership in Tennessee's\nhistory.\n\n\"We are honored to be selected to deliver this landmark transportation project\nfor Tennessee, which will enhance mobility and support the state's continued\neconomic success,\" said Ignacio Madridejos, Ferrovial CEO. \"As communities\nacross the U.S. continue to grow, innovative infrastructure investment is\nessential to meeting future transportation needs. We look forward to\ndelivering a project that improves connectivity and creates value for decades\nto come.\"\n\nThe 26-mile project will add choice lanes in both directions along I-24\nbetween Nashville and Murfreesboro, improving mobility along one of the\nregion's most congested corridors. The Ferrovial-led consortium, DriveTN,\nwhich includes Transurban and Tikehau Star Infra, will finance, design, build,\noperate and maintain the $9.2 billion project, while providing a projected\n$24.8 billion in concession value to Tennessee.\n\nThe I-24 Southeast Choice Lanes project will provide a cost-effective\ntransportation solution offering reliable travel times along a key corridor\nextending from I-40 east of downtown Nashville to I-840 near Murfreesboro.\nDrivers who choose to use the lanes will benefit from more consistent travel\nspeeds, even during peak periods, while those remaining in the free\ngeneral-purpose lanes will also experience reduced congestion.\n\nFerrovial has successfully replicated this model in other growing U.S.\nmetropolitan areas, including Dallas-Fort Worth, Charlotte and Washington,\nD.C. On Virginia's 66 Express Outside the Beltway corridor, similar express\nlanes have reduced peak travel times by as much as 50 percent while providing\nreliable trip conditions. By bringing that experience to Tennessee, the\nproject will deliver lasting mobility benefits and support continued growth\nacross the region.\n\n(* This press release includes inside information in accordance with article 7\nof the Market Abuse Regulation)\n\nAbout Ferrovial\nFerrovial is a leading global infrastructure company transforming highways,\nairports, and energy around the world. Its distinctive integrated business\nmodel supports the entire lifecycle of complex projects, from design and\nfinancing to construction, operation and maintenance. The company has a global\npresence and employs more than 22,500 people worldwide. North America is\nFerrovial's growth engine, where it developed and is currently operating five\nExpress Lanes across Texas, North Carolina and Virginia, and is managing the\n407 ETR highway in Toronto, Canada. The company is also leading the\ndevelopment of the New Terminal One at JFK International Airport. Ferrovial\nshares trade under the ticker symbol FER on three stock markets: U.S.\n(Nasdaq100 Index), Spain (IBEX35), and the Netherlands. The company is\nincluded in globally recognized sustainability indices such as the Dow Jones\nBest-in-Class Index.\n\nForward-looking statements\nThis press release contains forward-looking statements, which include\nstatements with respect to the steps of the planned delisting from Euronext\nAmsterdam. Any express or implied statements contained in this announcement\nthat are not statements of historical fact may be deemed to be forward-looking\nstatements, including, without limitation, statements regarding estimates and\nprojections provided by Ferrovial and certain other sources with respect to\nFerrovial's financial position, business strategy, plans, and objectives of\nmanagement for future operations, dividends, capital structure, as well as\nstatements that include the words \"expect,\" \"aim,\" \"intend,\" \"plan,\"\n\"believe,\" \"project,\" \"forecast,\" \"estimate,\" \"may,\" \"will\", \"should,\"\n\"target,\" \"anticipate\" and similar statements of a future or forward-looking\nnature, or the negative of these terms or other similar expressions, although\nnot all forward-looking statements contain these words. Such statements may\nreflect various assumptions by Ferrovial and are subject to significant\nbusiness, regulatory, economic and competitive uncertainties and\ncontingencies, and known and unknown risks, many of which are beyond\nFerrovial's control and may be impossible to predict. Ferrovial gives no\nrepresentation or warranty as to the accuracy or completeness of such\nstatements, expectations, estimates and projections contained in this press\nrelease or that any forecast made or contained herein will be achieved. Risks\nand uncertainties that could cause actual results to differ include, without\nlimitation: risks related to our diverse geographical operations and business\ndivisions; general economic and political conditions and events and the impact\nthey may have on us, including, but not limited to, impacts on demand or\npublic fund allocation in the industries in which we operate, volatility or\nincreases in inflation rates and rates of interest, exchange rate\nfluctuations, increased costs and availability of materials, and other ongoing\nimpacts including from, for example, changes in tariff regimes, the\nRussia/Ukraine conflict, and the Middle East conflict; our legal and\nregulatory risks given that we operate in highly regulated environments, and\nthe impact of any changes in governmental laws and regulations, including but\nnot limited to tax regimes or regulations; the fact that our business is\nderived from a small number of major projects; risks related to government\ncontracting; the impact of competitive pressures in our industries, including\non bid success and pricing; risks related to our acquisitions, divestments and\nother strategic transactions that we may undertake; cyber threats or other\ntechnology disruptions; our ability accurately to develop estimates or the\nimpact of changes in our underlying assumptions, with respect to project\nplans, including project timing and budgets, and our ability to meet\ncontractual expectations with respect thereto; the impacts of accidents,\ndisruptions, or other incidents at our project sites and facilities; our\nability to obtain adequate financing or access to capital in the future as\nneeded and the impact of reliance on joint venture and partnership\narrangements; our reliance on and ability to locate, select, monitor, and\nmanage subcontractors and service providers; the impact of certain swaps and\nhedging arrangements we enter into from time to time; limitations on our\nability to declare and fund future dividends or other distributions, and\ndistribution processes and timelines; our ability to maintain compliance with\nthe continued listing requirements of Nasdaq Global Select Market and the\nSpanish Stock Exchanges; lawsuits and other claims by third parties or\ninvestigations by various regulatory agencies that we may be subject to; our\nability to comply with our ESG commitments or other sustainability demands,\nincluding changing or conflicting expectations in connection with\nsustainability and ESG matters; physical and transitional risks in connection\nwith the impacts of climate change; risks related to the adequacy or existence\nof our insurance coverage and any non-recoverable losses; and the other\nimportant factors discussed under the caption \"Risk Factors\" in our Annual\nReport on Form 20-F filed with the U.S. Securities and Exchange Commission\n(\"SEC\") for the fiscal year ended December 31, 2025 which is available on the\nSEC website at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4756229-1&h=3167456685&u=https%3A%2F%2Fwww.sec.gov&a=www.sec.gov)\n, as such factors may be updated from time to time in our other filings with\nthe SEC. Any forward-looking statements contained in this announcement speak\nonly as of the date hereof and accordingly undue reliance should not be placed\non such statements. We disclaim any obligation or undertaking to update or\nrevise any forward-looking statements contained in this announcement, whether\nas a result of new information, future events or otherwise, other than to the\nextent required by applicable law. Forward-looking statements in this\nannouncement are made pursuant to the safe harbor provisions contained in the\nU.S. Private Securities Litigation Reform Act of 1995. We intend such\nforward-looking statements to be covered by relevant safe harbor provisions\nfor forward-looking statements (or their equivalent) of any applicable\njurisdiction.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/ferrovial-selected-to-deliver-tennessees-i-24-choice-lanes-302855849.html\n(https://www.prnewswire.com/news-releases/ferrovial-selected-to-deliver-tennessees-i-24-choice-lanes-302855849.html)\n\nSOURCE Ferrovial\n\n\n\nPress Contact: Rebecca Rountree, +1 512 568 5015, rrountree@ferrovial.com; Investor Relations Contact: +34 91 586 25 65 (Spain), +31 20 798 37 00 (The Netherlands), ir@ferrovial.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1549413/FER-BR-FERROVIAL-MAIN-RGB-Logo-Logo.jpg?id=OA2899247\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-08-20T02:11:23.856118459Z","server_sent_at_ms":1787191883856},"received_at":"2026-08-20T02:11:24.004Z","source_url":"https://www.prnewswire.com/news-releases/ferrovial-selected-to-deliver-tennessees-i-24-choice-lanes-302855849.html"},"analysis":{"id":"112367","press_release_id":"123387","analysis_json":{"industry":{"label":"Construction & Engineering","sector":"Industrials"},"redFlags":[],"eventType":"operations_update","narrative":"Ferrovial has been selected to deliver the I-24 Southeast Choice Lanes in Nashville, a $9.2 billion public-private partnership representing the largest private investment in Tennessee's history.\n\nThe Ferrovial-led consortium DriveTN, which includes Transurban and Tikehau Star Infra, will finance, design, build, operate, and maintain the 26-mile project.\n\nThis initiative is expected to provide $24.8 billion in concession value to the state and extend from I-40 east of downtown Nashville to I-840 near Murfreesboro.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Record $9.2B contract win in Tennessee solidifies Ferrovial's US infrastructure growth strategy."},"keyFigures":{"dealValueUsd":9200000000,"customDimensions":{"concession_value_usd":24800000000,"project_length_miles":26}},"quotedText":"We are honored to be selected to deliver this landmark transportation project for Tennessee, which will enhance mobility and support the state's continued economic success,","namedEntities":{"people":[{"name":"Ignacio Madridejos","role":"CEO"}],"products":["I-24 Southeast Choice Lanes","66 Express Outside the Beltway","407 ETR","New Terminal One"],"companies":[{"name":"Ferrovial","ticker":"FER","relationship":"issuer"},{"name":"DriveTN","relationship":"consortium"},{"name":"Transurban","relationship":"partner"},{"name":"Tikehau Star Infra","relationship":"partner"}],"dollarAmounts":[{"amount":"$9.2 billion","context":"total project cost"},{"amount":"$24.8 billion","context":"projected concession value to Tennessee"}]},"materialImpact":{"score":4,"reasoning":"Selection to deliver a landmark $9.2 billion infrastructure project, the largest single capital investment in Tennessee's history, significantly expanding the company's US backlog."},"tickerRelevance":{"others":[],"primary":"FERF"},"globalImportance":35,"audienceRelevance":25,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"Large-cap ADR","eventGravity":"Major contract win ($9.2B)"}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"bullish","material_impact_score":4,"narrative":"Ferrovial has been selected to deliver the I-24 Southeast Choice Lanes in Nashville, a $9.2 billion public-private partnership representing the largest private investment in Tennessee's history.\n\nThe Ferrovial-led consortium DriveTN, which includes Transurban and Tikehau Star Infra, will finance, design, build, operate, and maintain the 26-mile project.\n\nThis initiative is expected to provide $24.8 billion in concession value to the state and extend from I-40 east of downtown Nashville to I-840 near Murfreesboro.","key_figures":{"dealValueUsd":9200000000,"customDimensions":{"concession_value_usd":24800000000,"project_length_miles":26}},"named_entities":{"people":[{"name":"Ignacio Madridejos","role":"CEO"}],"products":["I-24 Southeast Choice Lanes","66 Express Outside the Beltway","407 ETR","New Terminal One"],"companies":[{"name":"Ferrovial","ticker":"FER","relationship":"issuer"},{"name":"DriveTN","relationship":"consortium"},{"name":"Transurban","relationship":"partner"},{"name":"Tikehau Star Infra","relationship":"partner"}],"dollarAmounts":[{"amount":"$9.2 billion","context":"total project cost"},{"amount":"$24.8 billion","context":"projected concession value to Tennessee"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-20T02:12:54.687Z","global_importance":35,"audience_relevance":25,"importance_components":{"tickerTier":"Large-cap ADR","eventGravity":"Major contract win ($9.2B)"}},"durationMs":90678,"modelName":"glm-4.7"}}