Ferrovial rises on Tennessee contract win

Ferrovial

20/08/2026 09:18

** Ferrovial FERF.AS shares rise 3.2% after the Spanish construction firm said it had been selected to deliver Tennessee's I-24 Choice Lanes project valued at $9.2 billion 
** Banco Sabadell analysts called the U.S. highway contract positive, adding it could create strong long-term value and that such assets could be worth four to six times the equity invested once mature
** They point out that equity contributions could exceed about 30% of investment due to traffic and construction-stage risk
** Shares on track for their best daily performance since May 20, if gains hold 

(Reporting by Mireia Merino)
((Mireia.merino@thomsonreuters.com))