Forest waste is globally abundant and holds significant potential for valorisation in various sectors. This paper investigates its use in urban road infrastructures, utilising enzymatic lignin, a by-product from forest waste bioethanol production, as a bitumen extender for warm-mix asphalt. Since this asphalt concrete is produced at about 40 °C below the traditional hot-mix asphalt temperature, this study evaluates lignin’s ability to ensure the required mechanical performance of asphalt concrete in both aged and non-aged states. The TEAGE—TEcnico accelerated AGEing device—applied UV radiation and wet/dry cycles to virgin bitumen, a lignin blend, and compacted asphalt concrete specimens to replicate urban weathering. Cylindrical specimens underwent indirect tensile tests to assess water sensitivity, while beam samples underwent four-point bending tests to evaluate stiffness and fatigue resistance. The results indicate that this warm-mix asphalt, with lower atmospheric emissions during manufacturing and pavement construction, meets the mechanical demands of urban roads, particularly with respect to fatigue and water resistance. However, the findings also show that asphalt concrete containing lignin experiences excessive ageing of small specimens, and further testing on compacted slabs is needed to better simulate exposure to UV radiation in pavement layers. Overall, the study concludes that lignin lowers asphalt production temperatures and partially substitutes conventional binders, with promising applications in urban pavement technologies.