Tennessee Reached Commercial Close on I-24 Project

The state has finalized the contractual framework with DriveTN for a major long-term infrastructure expansion.

Updated on Sept. 30, 2026 in Openings & Closings

Isometric editorial illustration of a complex concrete highway interchange system, depicting regional infrastructure expansion. — The Tennessee Department of Transportation finalized its contractual framework with DriveTN for the long-term expansion of a 26-mile section of I-24. AI Illustration. Upload story photo >

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The Tennessee Department of Transportation has reached a commercial close with DriveTN for a project covering 26 miles of I-24. This agreement launches a 50-year partnership to design, build, finance, operate, and maintain new lanes between Nashville and Murfreesboro.

Why it matters

This infrastructure initiative seeks to address chronic traffic congestion along a critical corridor. The project aims to improve regional mobility by establishing a long-term management framework for the heavily used interstate.

The agreement spans a 50-year term and encompasses a 26-mile stretch of the I-24 corridor. Project parameters including specific lane capacity and final funding allocations are pending the forthcoming financial close.

The players

Tennessee Department of Transportation

This state agency is responsible for planning, building, and maintaining the transportation infrastructure across Tennessee.

DriveTN

This private partner was selected to lead the design, construction, operation, and maintenance of the I-24 project.

Transportation Modernization Board

This state board oversees the approval process for major transportation infrastructure projects in Tennessee.

The details

The Tennessee Department of Transportation and DriveTN have secured the contractual foundation for the project after receiving approval from the Transportation Modernization Board. Both parties are now moving toward a financial close milestone expected in the coming year.

August 19, 2026: The Transportation Modernization Board approved DriveTN as the project partner.
September 30, 2026: The Tennessee Department of Transportation announced the commercial close.
November 2026: The state plans to host open house meetings for the public.
2027: The state and its partner expect to reach financial close.

Market Landscape

This deal signals a shift toward long-term public-private partnerships in Tennessee road management. It positions DriveTN as a primary operator in the state's effort to leverage private capital for large-scale infrastructure growth.

Drivers using the I-24 corridor between Nashville and Murfreesboro should prepare for upcoming changes related to lane construction and operation. Residents are encouraged to attend the November open houses to understand how this 50-year project will affect their daily commute.

The takeaway

This long-term agreement marks a significant transition toward private sector involvement in managing Tennessee's highway infrastructure. Commuters should keep an eye on upcoming state meetings to understand the long-term changes planned for their travel routes.