Ferrovial targets October 2027 financial close for I-285 East Express Lanes project

Bitget2026/10/27 21:10

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Ferrovial expects commercial close for Atlanta's I-285 East Express Lanes in December 2026, with financial close targeted for October 2027.
The committed, 23-mile first phase carries $8.9 billion in construction costs, with a proposed concession payment of $23.6 billion.
Groundbreaking is expected in the first quarter of 2028, with full service scheduled to begin in 2034.
Two subsequent phases target openings in 2036 and 2040, respectively, under separate agreements within the development framework.
The developer targets double-digit equity returns, expecting to fund equity commitments without issuing shares at the parent level.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ferrovial NV published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Ferrovial targets October 2027 financial close for I-285 East Express Lanes project

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