Ferrovial N.V. (FER) Form 6-K — Oct 27, 2026
Ferrovial filed a 6-K providing an investor presentation detailing the payments schedule for the I-24 Express Lanes concession in Nashville, Tennessee, following commercial close between TDoT and the Ferrovial-led Drive TN consortium. The headline $24.8bn award figure equals $21bn on a consistent present-value basis: $7.7bn (nominal) during the 2027-2033 construction period, about $1.1bn per year at peak, with the remainder spread across the operating period through 2085.
Key figures
- Max leverage
- 75/25 debt/equity
- Conference call
- 28 October 2026, 3:00pm CET
- Toll rate threshold
- $3.20 per mile (2025 dollars); TDOT share 50% at $3.20-$4.80, 75% at $4.80-$6.40, 90% above $6.40
- Blended discount rate
- 5.2%
- Concession payments pv
- $21.0bn
- Excess revenue share bands
- 12.5%/25%/50%/75% TDOT share by 200bps IRR bands above base case
- Concession agreement signed
- 30 September 2026
- Construction payment 2027 pv
- $1.50bn
- Construction payment 2028 pv
- $0.99bn
- Operating period payments pv
- $13.28bn (2036-2085)
- Construction payments nominal
- $7.7bn (2027-2033, ~$1.1bn/yr peak)
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.