Ferrovial secures 26-mile I-24 project and Ferrovial stock faces 50-year term

Ferrovial (ISIN NL0015001IX2) secured commercial close for a 26-mile I-24 Choice Lanes project in Tennessee on September 30, 2026, under a 50-year concession. According to Yahoo Finance, the Ferrovial-led DriveTN consortium will finance, design, build, operate and maintain the lanes between Nashville and Murfreesboro.

Concession reaches commercial close

The agreement establishes the contractual framework for new lanes in both directions along the I-24 corridor. StockTitan reports that the project remains tied to a 50-year concession and that financial close is a later milestone, making the commercial agreement strategically important but not equivalent to completed construction.

The latest corporate update also places the project alongside Ferrovial's upcoming reporting calendar. According to Ferrovial, the company is scheduled to release nine-month 2026 results on October 27, 2026, followed by a conference call on October 28, 2026.

Operating growth meets profit pressure

Ferrovial's first-half 2026 net profit fell to EUR 258 million from EUR 540 million in the same period of 2025, a 52.22 percent decline. Bolsamania attributed the comparison to lower capital gains from asset rotation, including the previous year's airport disposals.

At the operating level, the first half of 2026 was stronger. According to Yahoo Finance, adjusted EBITDA increased 14.70 percent, construction revenue rose 7.10 percent on a reported basis, and the construction order book reached EUR 18.0 billion, up 2.80 percent like-for-like from December 2025.

Analyst targets remain divided

Analyst views show a wide range around the infrastructure strategy. Markets Insider reported on September 30, 2026, that Jefferies maintained a Hold rating and a EUR 55.00 price target. Morgan Stanley had lowered its target to EUR 65.00 from EUR 72.00 on September 22, 2026, while keeping an Overweight rating, according to Markets Insider.

USD 39.2 billion market value

Ferrovial had a market capitalization of USD 39.2 billion as of September 30, 2026, while its 52-week range was USD 53.69 to USD 74.79. Ferrovial continues to trade under ticker FER on Nasdaq and remains included in the Nasdaq-100, according to Bolsamania.

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