Fluor to construct 22 miles of Loop 202, Arizona’s largest ever highway project
Fluor
Corporation (NYSE: FLR) announced today that its joint venture team
was awarded the design-build and maintain project by the Arizona
Department of Transportation (ADOT) to provide design, construction and
maintenance services for the Loop 202 South Mountain Freeway. This
project is the first freeway project procured under Arizona’s
public-private-partnership statute and ADOT’s first
design-build-maintain project ever. Located in the Phoenix metropolitan
area, this will be the largest highway project in the state’s history.
Fluor will book this project in the first quarter of 2016.
“Working in partnership with ADOT to reach contract award is a
significant milestone to move this important project forward,” said
Walter J. Lewis, III, project director of Connect 202 Partners, LLC, and
Fluor’s infrastructure business. “We are pleased Connect 202 Partners
was awarded the project as we believe our team provides the most
innovative, safe and cost effective approach for our client ADOT.”
The project is funded by a combination of Regional Area Road Fund
revenues, Highway User Revenue Fund revenues and federal funds dedicated
to the Maricopa County region and ADOT. ADOT will fund the project’s
capital costs with a combination of available public funds from sales
tax revenues and tax-exempt bonds.
The Fluor-led joint venture, Connect 202 Partners, is a design-build and
maintenance partnership comprised of Fluor Enterprises Inc., Granite
Construction Co., Ames Construction Inc., Parsons Brinckerhoff Inc. as
the lead designer, and DBi Services, LLC, as the joint maintenance
partner.
Fluor and DBi Services, LLC, will maintain the lanes for 30 years with
oversight from ADOT.
When complete, the Loop 202 South Mountain Freeway Project will deliver
22 miles of improved mobility via four lanes in each direction – three
general-use lanes and one High-Occupancy Vehicle (HOV) lane – and
includes modern features of rubberized asphalt and aesthetics that
reflect nearby communities. Major construction is expected to begin in
2016 with lanes opening in early 2020.
About Fluor Corporation
Fluor
Corporation (NYSE: FLR) is a global engineering, procurement,
fabrication, construction and maintenance company that designs, builds
and maintains capital-efficient facilities for its clients on six
continents. For more than a century, Fluor has served clients by
delivering innovative and integrated solutions for our clients in the
energy, chemicals, government, industrial, infrastructure, mining and
metals, and power market sectors. With headquarters in Irving, Texas,
Fluor ranks 136 on the FORTUNE 500 list with revenue of $18.1
billion in 2015 and has 44,000 employees worldwide. For more
information, please visit www.fluor.com
or follow us on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222