Ferrovial targets October 2027 financial close for I-285 East Express Lanes project
FER•Ferrovial expects commercial close for the first phase of Atlanta’s I-285 East Express Lanes in December 2026 and targets financial close in October 2027. The 23-mile phase has $8.9 billion in construction costs and a proposed concession payment of $23.6 billion.
1. Project timeline and costs
Ferrovial expects commercial close for the first phase of Atlanta’s I-285 East Express Lanes in December 2026, with financial close targeted for October 2027. The committed 23-mile phase carries $8.9 billion in construction costs and 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.
2. Later phases and returns
Two subsequent phases target openings in 2036 and 2040 under separate agreements within the development framework. Ferrovial targets double-digit equity returns and expects to fund equity commitments without issuing shares at the parent level.
