Ferrovial blinda la I-24 de Tennessee con los dividendos de EEUU

Ferrovial, a Spanish construction company, is seeking funding for a new interstate highway project in Tennessee, United States. The company, which is majority-owned by the Pino family, is currently in the process of bidding for the I-285 Express Lanes in Atlanta, valued at over $10 billion. The project in Tennessee, which includes dedicated lanes on the I-24, is estimated to cost over $30 billion in construction and concession payments.

Ferrovial will fund the project using dividends from other toll roads in the US, according to Ernesto López, the company's Chief Financial Officer. The company has not disclosed the financial structure of the Tennessee project, but it is expected to begin construction in 2029 and enter operation in 2035. Ferrovial's CEO, Ignacio Madridejos, and Chief Financial Officer, Ernesto López, did not provide details about the financial structure during the company's presentation.

The project in Tennessee is part of Ferrovial's strategy to generate additional revenue through tolls, taking advantage of the region's economic growth, traffic growth, and flexible tariff framework. The company has not yet received bids for the I-285 project, but it is expected that the same consortium led by Spanish companies ACS, Acciona, and Meridiam will be competing for the contract.