Transurban Selected for Tennessee's I-24 Choice Lanes Project
Key points
- Transurban-led consortium chosen for I-24 Choice Lanes project
- Project aims to enhance mobility in Nashville
- Estimated construction value of US$9.2 billion
- Total concession value of US$24.8 billion
Full summary
Transurban Group today announced that its consortium, Drive TN, has been selected as the best value proposer to deliver Tennessee's I-24 Choice Lanes project. The project, which will add choice lanes in both directions along I-24 between Nashville and Murfreesboro, is expected to improve mobility along a congested corridor. The estimated construction value is approximately US$9.2 billion, with a total concession value of around US$24.8 billion. The project will be designed, built, financed, operated, and maintained by the consortium, which includes Ferrovial, Transurban, and Tikehau Star Infra.
Guidance
Estimated construction value US$9.2 billion, total concession value US$24.8 billion
Outlook
The project is expected to provide more reliable travel speeds for choice lane users and reduce congestion for drivers in the free general-purpose lanes.
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