Ferrovial consortium wins $8.9 billion I‑285 East Express Lanes contract in Georgia
The Georgia Department of Transportation selected a Ferrovial‑led consortium, which includes Tikehau Star Infra, to design, build, finance, operate and maintain Phase 1 of the I‑285 East Express Lanes project in the Atlanta area. Phase 1 comprises roughly 21 miles of new express lanes and key connections to I‑285, I‑85 and SR 400. The public‑private partnership has an expected construction value of $8.9 billion, with later phases expanding the corridor to about 37.5 miles in each direction.
Why it matters
Ferrovial expects the contract to generate a long‑term revenue stream from toll operations and to strengthen its North America managed‑lanes portfolio, which could improve future cash flow visibility. The size of the deal also adds a significant infrastructure asset to the company's order book, potentially supporting earnings growth in upcoming periods.
Key facts
- 1The contract’s expected construction value is $8.9 billion. stocktitan.net
- 2Phase 1 includes approximately 21 miles of new express lanes. stocktitan.net
- 3The consortium is led by Ferrovial and includes Tikehau Star Infra. stocktitan.net
- 4GDOT selected the Ferrovial‑led consortium to finance, design, build, operate and maintain Phase 1. prnewswire.com
- 5When completed, the project will provide about 37.5 miles of new express lanes in each direction. prnewswire.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.