Ferrovial soars on the stock exchange after clarifying the financing of the I-24
Ferrovial rises more than 8% on the stock exchange after reassuring the market with its $21 billion financing plans for its I-24 Express Lanes project in Nashville, Tennessee.
Ferrovial's shares rose over 8% after the company reassured the market about its financing plans for the $21 billion I-24 Express Lanes project in Nashville, Tennessee. The project, which has a construction cost of $9.2 billion, involves payments of $7.7 billion during construction between 2027 and 2033, followed by $140 billion in payments over the 50-year concession period.
Ferrovial's maximum debt-to-equity ratio for the project is 75/25. The company's shares are trading at around €48, having fallen 10% so far this year.
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