Ferrovial N.V. has announced that it has been selected to deliver the I-285 East Express Lanes project in Georgia, a significant development for the company. This project, valued at approximately $8.9 billion, is part of a public-private partnership with the Georgia Department of Transportation (GDOT) and aims to enhance mobility across the Atlanta metropolitan area.
The announcement comes as Ferrovial continues to establish its presence in the U.S. infrastructure market, having been active in the region for over a decade. Ignacio Madridejos, CEO of Ferrovial, stated, "The I-285 East Express Lanes marks our first managed lanes project in Georgia and an important milestone for Ferrovial in a state where we have been present for over a decade." He emphasized the company's commitment to delivering complex infrastructure projects that support economic growth in the region.
Background
Ferrovial N.V. is a leading global infrastructure company specializing in heavy construction and associated services. The company trades under the ticker symbol FER on Nasdaq and is classified under the SIC code 1600, which encompasses heavy construction other than building construction contractors. Ferrovial has a history of delivering large-scale projects and operates across various sectors, including highways, airports, and energy.
What the Filing Says
According to the SEC filing dated October 15, 2026, Ferrovial's consortium, known as the Top End Mobility Group, has been awarded the contract to finance, design, build, operate, and maintain Phase 1 of the I-285 East Express Lanes project. This phase includes approximately 21 miles of new express lanes and key connections among I-285, I-85, and SR 400.
The project aims to expand travel choices and improve reliability in trip times while connecting with Georgia's growing regional express-lane network. The GDOT has also entered into a separate agreement with the Top End Mobility Group to advance the remaining phases of the project, which will ultimately provide about 37.5 miles of new express lanes in each direction.
Impact
This project is expected to significantly impact the local economy and infrastructure development in the Atlanta area. It will provide improved mobility and connectivity for residents and businesses across Fulton and DeKalb counties. Ferrovial's experience in managing express lanes in other U.S. metropolitan areas, such as Dallas-Fort Worth, Charlotte, and Washington, D.C., positions the company well to deliver lasting benefits from this project.
What's Next
The filing does not say what happens next.