IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Prairie Link Constructors, a Fluor-led joint venture, was selected by the North Texas Tollway Authority (NTTA) as the apparent best value proposal team for the State Highway 161 Tollway, Phase 4 project in the greater Dallas/Fort Worth (DFW) region.
The design-build contract value is expected to be in the range of $415 million. Fluor will book the project into backlog when the contract is signed and NTTA has secured financing, which is expected to be before the end of 2009.
“As a DFW corporate citizen with our global headquarters located nearby, Fluor understands the impact this project will have on the everyday commuter and has a vested interest in seeing the project succeed,” said Steve Dobbs, senior group president Fluor Corporation. “Fluor takes great pride in delivering projects that make our communities better places to live and work in a manner that is both safe and efficient.”
“Recently, Fluor successfully completed the SH 130 project outside of Austin which demonstrates our ability to deliver value to our transportation clients,” said Patrick Flaherty, head of Fluor’s Infrastructure business line. “We look forward to delivering the same type of high quality project to the NTTA,” said Flaherty.
The SH 161 Tollway, Phase 4 project scope includes planned corridor improvements of two tolled, managed lanes in each direction from north of Interstate Highway 30 down to Interstate Highway 20 which is approximately 6.5 miles, as well as major multi-level interchanges at both interstates.
Prairie Link Constructors is a 60:40 percent joint venture led by Fluor with Balfour Beatty Infrastructure Inc., and will include the services of a number of a number of firms including: AECOM (lead design), Halff Associates (drainage design), and PSI (independent quality assurance/control).
About NTTA
The North Texas Tollway Authority (NTTA) is keeping pace with the regional demand for transportation through expansion of North Texas’ toll road system and implementation of improved technologies. The NTTA, a political subdivision of the State of Texas under Chapter 366 of the Transportation Code, is empowered to acquire, construct, maintain, repair and operate turnpike projects; to raise capital for construction projects through the issuance of Turnpike Revenue Bonds; and to collect tolls to operate, maintain and pay debt service on those projects.
The Authority has representatives from Collin, Denton, Dallas and Tarrant counties, as well as one surrounding county, on its Board of Directors. For more information, visit www.ntta.org.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22.3 billion in 2008. For more information visit www.fluor.com.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222