Lawmakers Question Choice Lanes Contract Following Former TDOT Official's Move to Bid-Winning Company

Lawmakers question Choice Lanes contract following former TDOT official's move to bid-winning company

House Democratic leadership is calling on Tennessee Attorney General Jonathan Skrmetti to investigate the state's Choice Lane Project contract bidding and awarding process after a potential conflict of interest was revealed between the Tennessee Department of Transportation and one of the companies that won the bid.

International Bank Downgrades Stock Of Key Player In Tennessee’s Toll Lane Project

An International Bank Downgraded The Stock For Spanish Construction Firm Ferrovial, A Key Player In The DriveTN Group That Won The Bid For Tennessee’s I-24 Toll Lane Project, Citing “Higher Risks” Associated With A Promised Payment To The State That Dwarfed Competitors’ Efforts To Win The Job. The post International Bank Downgrades Stock Of Key Player In Tennessee’s Toll Lane Project appeared first on Tennessee Conservative.

Bank downgrades Ferrovial stock over I-24 toll lane bid

An international bank downgraded the stock for Spanish construction firm Ferrovial, a key player in the DriveTN group that won the bid for Tennessee’s I-24 toll lane project, citing “higher risks” associated with a promised payment to the state that dwarfed competitors’ efforts to win the job. Switzerland-based UBS lowered the company’s stock to “neutral” […]

Nashville Rep. John Ray Clemmons Calls for Investigation Into $9.2 Billion I-24 Toll Lane Contract – The Tennessee Tribune

NASHVILLE—State Representative John Ray Clemmons is calling on Tennessee Attorney General Jonathan Skrmetti and his office to investigate the bidding and awarding process for the state’s newly-awarded contract to build Governor Bill Lee’s toll lanes on I-24 from Rutherford County to downtown Nashville (see attached).  Earlier this month, the state’s Transportation Modernization Board awarded a six-company consortium doing business as “DriveTN” a…