Tennessee Picks Team for $9.2B Highway Project

AECOM, Ferrovial, and partners will deliver a 26-mile I-24 choice lanes project in the nation’s largest interstate P3 of its kind.

Source : Wikimedia

September 8, 2026

Author : Alex Bustillos

Tennessee roads have proven to be in much better shape than the national average. According to the Reason Foundation's Annual Highway Report, the state’s highways rank 12th in overall cost-effectiveness and condition. The state is now on the cusp of further improvements with a milestone $9.2 billion transportation project. 

The Tennessee Department of Transportation (TDOT) selected a private sector partner, DriveTN, to deliver the $9.2 billion I-24 Southeast Choice Lanes project. The project involves expanding I-24 between Nashville and I-840 near Murfreesboro. 

DriveTN is responsible for designing, building, financing, operating, and maintaining the project and will provide an estimated $24.8 billion in concession value to the state. The Transportation Modernization Board approved this choice on August 19, with the DriveTN team including Cintra, Transurban, Tikehau Star/Infra/Capital, Ferrovial, Webber, and AECOM.

The team is proposing adding two price-managed lanes in each direction for approximately 26 miles of I-24, from I-40 nearby downtown Nashville to I-840 near Murfreesboro.

The project also includes where I-24 connecting with I-40 and I-440. 

Tennse officials says it would be the largest US public-private partnership concession to date for an interstate project. Lanes would use open-road electronic tolling with rates that change with traffic conditions. 

TDOT’s baseline design realigns or reconstructs approximately 17 miles of existing general-purpose and HOV lanes and resurface general-purpose lanes across the project limits. It includes 14 managed-lane access points, 37 bridge replacements, 3 bridge widenings, and 55 new bridges.

TDOT has mentioned the redesign would not impact the Noble Place Townhomes and the Pan-Asia Supermarket, eliminating the need for reconstructing the Hickory Hollow Parkway Bridge. 

TDOT is yet to finalize a construction schedule. 

Category : State Government Freeways and Highways

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