Nashville’s Traffic Nightmare Is Now a $9.2B Ferrovial (FER)-Led Project
Ferrovial has been chosen to lead a $9.2 billion project in Nashville, Tennessee, to upgrade the I-24 highway with new "choice lanes." This is the largest public-private partnership in the state's history. The $9.2 billion price tag is shared among Ferrovial, its partners Transurban and Tikehau Star Infra. Ferrovial has successfully executed similar projects in Washington, D.C., Charlotte, and Dallas-Fort Worth, promising significant time savings on congested highways.
The project's success hinges on steady speeds for paying customers and reduced traffic for free users. Ferrovial's financial health appears strong, with a 21.6% increase in adjusted EBITDA in the first half of 2026 and €1.3 billion in net cash. However, the stock trades at a high multiple of 42.55 times forward earnings, indicating high growth expectations.
While there is modest short interest, the stock remains a potential investment opportunity for those seeking exposure to infrastructure projects and AI-related growth.
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