Monitor for financial close in summer 2027 and any updates on project financing structure. The I-24 project is a long-duration infrastructure concession with no near-term revenue contribution.
Price Chart
Executive Summary
Ferrovial N.V. filed a 6-K on October 5, 2026, furnishing an investor presentation on the I-24 Choice Lanes project, a 50-year Design-Build-Finance-Operate-Maintain concession in Tennessee. The project has a $9.2bn construction cost, an 8-year construction period, and estimated service commencement in 2034. Commercial close was achieved on September 30, 2026, with financial close expected in summer 2027. The filing is a routine project update with no new financial results or material changes to the company's outlook.
Key Facts
- Commercial close achieved September 30, 2026 for I-24 Choice Lanes project
- Financial close expected in summer 2027
- 50-year Design-Build-Finance-Operate-Maintain concession
- $9.2bn construction cost with 8-year construction period
- Estimated service commencement in 2034
- Interest-rate protection agreed with TDOT from bid to financial close
- Company states no need to issue equity at Ferrovial level to fund equity commitments
Financial Impact
$9.2bn construction cost; no revenue or earnings impact disclosed in this filing
Risk Factors
- Construction delays or cost overruns on the 8-year build period
- Traffic and revenue assumptions may not materialize as projected
- Financial close subject to market conditions and credit rating requirements
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001628280-26-064744 |
| Document: a6k2026i-24.htm | 0001628280-26-064744 |
| Document: 0001628280-26-064744-index-headers.html | 0001628280-26-064744 |
| Document: 0001628280-26-064744-index.html | 0001628280-26-064744 |
| Document: 0001628280-26-064744.txt | 0001628280-26-064744 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | 6-K | $50.37 | awaiting T+5 | — | $50.35 (−0.04%) |
Oct 15, 2026 11d ago | 6-K | $48.86 $49.71 | ▲ +1.74% | ▲ +2.75% | $50.35 (+3.05%) |
Oct 15, 2026 12d ago | 6-K | $48.86 $49.71 | ▲ +1.74% | ▲ +2.75% | $50.35 (+3.05%) |
Oct 5, 2026 22d ago | 6-K | $51.84 $50.34 | ▼ −2.89% | ▼ −3.32% | $50.35 (−2.87%) |
Oct 1, 2026 25d ago | 6-K | $52.94 $50.29 | ▼ −5.01% | ▼ −6.31% | $50.35 (−4.89%) |
Sep 30, 2026 26d ago | 6-K | $52.94 $50.29 | ▼ −5.01% | ▼ −6.31% | $50.35 (−4.89%) |
Sep 30, 2026 26d ago | 6-K | $54.10 $50.60 | ▼ −6.47% | ▼ −8.38% | $50.35 (−6.93%) |
Sep 14, 2026 6w ago | 6-K | $54.62 $55.95 | ▲ +2.44% | ▲ +2.33% | $50.35 (−7.82%) |
Sep 11, 2026 6w ago | 6-K | $56.15 $55.04 | ▼ −1.98% | ▼ −1.76% | $50.35 (−10.33%) |
Sep 2, 2026 7w ago | 6-K | $57.84 $55.50 | ▼ −4.05% | ▼ −3.09% | $50.35 (−12.95%) |
US Market Status
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