Drive TN Consortium reaches commercial close on Tennessee's I-24 Southeast Choice Lanes
Transurban today announces that the Drive TN Consortium (“DriveTN”) has reached commercial close to deliver Tennessee's I-24 Southeast Choice Lanes project (“Project”) in Nashville.
DriveTN, comprised of Ferrovial, Transurban and Tikehau Star Infra1, will design, build, finance, operate and maintain the new I-24 Southeast Choice Lanes (“Choice Lanes”). The milestone establishes the contractual framework and pathway to reaching financial close by mid-2027.
The 26-mile Project will add Choice Lanes in both directions along I-24 between Nashville and Murfreesboro, improving mobility along one of the region’s most congested corridors. Additionally, the Project contemplates future extensions to the I-24 to be developed over time. The Project is anticipated to provide more reliable travel speeds for Choice Lane users, while also reducing congestion for drivers in the free general-purpose lanes.
The gearing and capital structure will be finalised by financial close. Transurban’s equity share is expected to be funded using existing balance sheet capacity over time.
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Investor enquiries
Craig Stafford, CFA
General Manager Strategy and Investor Relations
+61 401 109 842
cstafford@transurban.com
Media enquiries
James Richards
Head of Media
+61 459 812 770
jrichards@transurban.com
This announcement is authorised by the CEO of Transurban Group, Michelle Jablko.
This release was published to the ASX on 1 October 2026.
