Ferrovial wins EUR 2.9 billion bid: target for Ferrovial stock shows 33.97 percent upside

Published on 10/13/2026 at 09:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The D35 project covers 35.4 kilometers. Ferrovial stock costs EUR 45.01 on October 13, 2026 versus EUR 60.30 fair value.

Key points in brief

Ferrovial was selected as preferred bidder for the EUR 2.9 billion D35 highway project on October 6, 2026.
The D35 project covers 35.4 kilometers, while the I-24 concession in Tennessee runs for 50 years.
Ferrovial stock was trading at EUR 45.01 at Lang & Schwarz on October 13, 2026, at 9:04 a.m. CEST.
Simply Wall St listed fair value at EUR 60.30, which is 33.97 percent above the Lang & Schwarz price.

Fotorealistische Autobahn-Flughafen-Szene zu Ferrovial SE, ISIN NL0015001IX2, Infrastruktur — Fotorealistische Autobahnbrücke und moderner Flughafen zeigen anschaulich Ferrovial SE, ISIN NL0015001IX2, führenden Infrastrukturkonzern der Branche, Illustration mit AI erstellt.

Ferrovial (NL0015001FS8) was selected as preferred bidder for the EUR 2.9 billion D35 highway public-private partnership in the Czech Republic on October 6, 2026, according to Ferrovial. The project gives Ferrovial stock a concrete infrastructure contract to assess while the share was trading at EUR 45.01 at Lang & Schwarz on October 13, 2026, at 9:04 a.m. CEST.

What the D35 bid adds

The D35 project includes the design, construction, financing, operation and maintenance of two highway sections totaling 35.4 kilometers. Ferrovial participates through its Highways division Cintra and its Polish subsidiary Budimex, alongside Strabag and Invesis, the company said in its October 6, 2026 release.

The value is based on availability payments rather than direct traffic exposure, according to the release. The planned network also includes operation and maintenance of an adjacent 17-kilometer section, taking the total network under management to 52 kilometers.

Three infrastructure milestones

On August 20, 2026, Ferrovial was selected to deliver the I-24 Southeast Choice Lanes in Tennessee, a project covering a 26-mile stretch, according to FT.com. On September 30, 2026, commercial close established the contractual framework for the project, which carries a 50-year concession, the same announcement said.

The October 6, 2026 D35 selection followed those Tennessee milestones. The sequence matters because it shows Ferrovial adding projects at different stages, from selection to commercial close and then preferred-bidder status, while each project still depends on future financing, construction and operating execution.

Target stands above current price

Simply Wall St listed Ferrovial's fair value at EUR 60.30 on October 6, 2026. Against the Lang & Schwarz price of EUR 45.01, that target is 33.97 percent above the price, calculated in euros from the two stated values.

Upcoming reporting dates

Ferrovial's investor calendar lists the 407 ETR nine-month 2026 results for October 21, 2026 and Ferrovial's nine-month 2026 results for October 27, 2026, according to the company's Investor Relations page. The upcoming releases will provide the next reported operating figures after the project announcements.

Ferrovial stock at Lang & Schwarz

Ferrovial was trading at EUR 45.01 at Lang & Schwarz on October 13, 2026, at 9:04 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Ferrovial stock.