ACS and Acciona take Ferrovial's I-24 toll auction to arbitration
The consortium of the two Spanish companies, defeated by that of the Del Pino family, is suing the Department of Transportation for preventing access to key information on the value of the concession.
ACS and Acciona, members of the 24 Choice Lanes Partners consortium, are taking legal action against the Tennessee Department of Transportation over the awarding of the I-24 Southeast Choice Lanes project to Ferrovial. The Spanish consortium claims that the winning bid was valued at $24.8 billion, $17 billion more than other bids, and is seeking access to confidential information about the concession's value.
The demand for information comes after the Department of Transportation rejected requests from ACS and Acciona for details about the process. Ferrovial's financial close for the project could happen before July 2027.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
