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Transurban Group's DriveTN Consortium Selected to Deliver US$9.2 Billion Tennessee I-24 Choice Lanes Project

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Transurban Group (ASX:TCL) said the DriveTN consortium, comprising Ferrovial, Transurban and Tikehau Star Infra, was selected as the value proposer to design, build, finance, operate and maintain Tennessee's I-24 Choice Lanes project in Nashville, US, according to a Thursday Australian bourse filing.

The project has an estimated construction value of about $9.2 billion and a total concession value of about $24.8 billion, the company added.

The company said the gearing and capital structure remain subject to the availability of concessional government funding, to be finalized by financial close expected in mid-2027, with Transurban's equity share expected to be funded using existing balance sheet capacity over time.

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