Ferrovial-led group chosen for $8.9 billion I-285 express lanes in Georgia

what happened

Spanish infrastructure group Ferrovial said that its consortium, Top End Mobility Group, has won the job to deliver the I-285 East Express Lanes across Greater Atlanta, Georgia. The expected construction value is $8.9 billion. The public-private partnership is led by the Georgia Department of Transportation (GDOT) together with the State Road and Tollway Authority.

Phase 1 covers roughly 21 miles of new express lanes and key links between I-285, I-85 and SR 400. The Ferrovial-led group, which includes Tikehau Star Infra, will finance, design, build, operate and maintain this section under a long-term agreement. A separate development deal lets GDOT work exclusively with Top End Mobility Group on the remaining phases. Once all stages are finished, the network would total about 37.5 miles of new lanes in each direction.

Ferrovial CEO Ignacio Madridejos called the project the company's first managed-lanes job in Georgia, noting that Ferrovial has been present in the state for more than a decade.

why it matters

For markets, the award supports Ferrovial's position in North American managed lanes, where the company already operates five express lanes across Texas, North Carolina and Virginia and manages the 407 ETR highway in Toronto. A multi-year project in a fast-growing U.S. metro area could support the group's long-term revenue, but the text does not disclose financing terms, Ferrovial's own investment or the construction timeline. The shares trade under the ticker FER on Nasdaq and on the IBEX 35 index.

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