Tennessee Selects Road-Building Group for $9 Billion Toll Lanes Project, Securing $25 Billion in Concessions
The Tennessee Transportation Modernization Board has unanimously selected DriveTN, a consortium of six companies, to fund and construct new toll lanes from southeast Nashville to Murfreesboro. This decision is part of a larger project that will also include portions of I-40 east of downtown and I-440 south of downtown Nashville. DriveTN secured the bid by agreeing to pay the state nearly $25 billion over a 50-year contract, including an upfront payment of $1.5 billion. The group will invest $9.2 billion to design, construct, operate, and maintain these 'choice' lanes. Governor Bill Lee lauded the proposal as the nation's largest and most valuable 'choice' lane road-building project, signaling a new approach to highway construction in Tennessee. The project is expected to commence in 2027, with completion anticipated within eight years, though some sections may open sooner. The state legislature passed the Transportation Modernization Act in 2023, which established the framework for this new funding and con... 
