Ferrovial targets October 2027 financial close for I-285 East Express Lanes project
Bitget2026/10/27 21:10- Ferrovial expects commercial close for Atlanta's I-285 East Express Lanes in December 2026, with financial close targeted for October 2027.
- The committed, 23-mile first phase carries $8.9 billion in construction costs, with a proposed concession payment of $23.6 billion.
- Groundbreaking is expected in the first quarter of 2028, with full service scheduled to begin in 2034.
- Two subsequent phases target openings in 2036 and 2040, respectively, under separate agreements within the development framework.
- The developer targets double-digit equity returns, expecting to fund equity commitments without issuing shares at the parent level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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