Fluor Daniel, the engineering, procurement and construction unit of
Fluor Corp. (NYSE:FLR) Monday announced it will complete the first
segment of the $386 million Conway Bypass project 17 months ahead of
schedule.
The new segment, which runs from Highway 17 to Highway 90, represents
one-third of the project's total 28.5-mile route. In the coming weeks
Fluor Daniel and the South Carolina Department of Transportation (SCDOT)
will discuss timing of when the project will be officially handed over
to SCDOT officials and other members of local and regional government.
Ceremonies are expected to take place just prior to the weekend of July
4, 2000, nearly a year and one-half ahead of its contractual due date of
December 2001.
"This project has been an outstanding example of how the public-private
partnership process can benefit the citizens of South Carolina," said
Ron Oakley, president of Fluor Daniel's Infrastructure Unit.
"Had we not had visionary leadership in the governors' offices, the
state's general assembly, SCDOT and the RIDE group, as well as other
Horry County leadership, this project might still be referred to as the
`bridge to nowhere,'" he added.
According to Oakley, the entire project team devoted "a tremendous
amount of financial and personnel resources" to accelerate the progress
on the project, which brings an additional means of egress from the
Myrtle Beach area significantly earlier than expected.
Despite facing two major hurricanes during the project, the project team
implemented a recovery schedule that allowed for the early completion of
this first and vital link, which will now allow an additional means of
evacuation from the Grand Strand in the event of any future evacuation
requirements.
Conway Bypass is the first design-build project of South Carolina's
Partners in Progress Program that was designed to accelerate the
completion of five significant projects within the state.
With 1999 revenues of $12.4 billion, Fluor Corp. provides services on a
global basis in the fields of engineering, procurement, construction,
maintenance and operations, consulting and coal production.
Fluor Corp. releases are available on Fluor's Corporate News on the Net
site at http://www.businesswire.com/cnn/flr.htm.
Fluor Corp.Phone: 949/349-2000Fax: 949/349-5014Keith Karpe (media), 949/349-7661orLori Serrato (media), 949/349-7420