Fluor Corporation (NYSE: FLR) announced today that the Texas Department
of Transportation (TxDOT) named Pegasus Link Constructors LLC (PLC), a
Fluor-led joint venture, as the preferred bidder for the design,
construction, and capital maintenance of the Horseshoe Project in
Dallas, Texas. TxDOT’s estimate for the design, construction, utilities
and right of way for the project is approximately $798 million. The
selection was announced by TxDOT today at a monthly Texas Transportation
Commission meeting.
TxDOT’s selection enables PLC and the department to commence contract
negotiations. A notice to proceed is expected in the first quarter of
2013. Fluor will book the project into backlog once a final contract is
approved and a notice to proceed is issued.
The Horseshoe Project’s scope of work includes I-30 from Sylvan Avenue
to I-35E and I-35E from north of Eighth Street to the I-30/I-35E
interchange in Dallas as well as construction of two fully designed
Santiago Calatrava signature bridges. When completed, the project will
correct some of the existing geometric issues causing congestion, repair
and replace some of the deteriorating structures, and add capacity to
the interchange and frontage roads. The I-30 and I-35E corridor carries
more than 460,000 vehicles per weekday and was rated as the seventh most
congested roadway in Texas in 2011.
TxDOT is utilizing design-build project delivery which will result in a
shorter construction schedule and lower overall cost. Construction on
the Horseshoe Project is expected to begin in the summer of 2013 with a
projected completion date of 2017.
Pegasus Link Constructors is a joint venture made up of Fluor
Enterprises, Inc. (55 percent owner) and Balfour Beatty Infrastructure,
Inc. (45 percent owner). The PLC team includes Parsons Brinckerhoff,
Inc. (lead designer), AECOM (design), Raba Kistner Consultants, Inc.
(independent construction quality assurance support and independent
environmental compliance support), Kleinfelder Central, Inc.
(geotechnical engineering), VMS (capital maintenance), and a number of
local engineering consultants.
The Horseshoe Project is dedicated to improving mobility along I-30 and
I-35E near downtown Dallas' Central Business District in a safe,
efficient, reliable, and environmentally sensitive manner.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the
company was started by John Simon Fluor Sr. with a modest investment of
$100. Since those humble beginnings, the company has grown into one of
the largest engineering & construction companies in the world. Fluor is
celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the
company provides comprehensive capabilities and world-class expertise in
engineering, procurement, construction, commissioning, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
For more information, visit www.fluor100.com
and www.fluor.com.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222