Fluor Corporation (NYSE: FLR) announced today that a company joint
venture recently executed the contract with the Texas Department of
Transportation (TxDOT) for the design, construction, and potential
maintenance of the Horseshoe Project in Dallas, Texas. Pegasus Link
Constructors LLC (PLC), the Fluor-led joint venture, was selected as the
best value proposer for the project by TxDOT in the fourth quarter of
2012. Along with the signing of the contract, PLC received a notice to
proceed (NTP) with the design phase and the construction NTP is expected
shortly.
TxDOT’s overall estimate for the design, construction, utilities and
right of way for the project is approximately $798 million. Fluor booked
the contract into backlog in the first quarter of 2013.
“Our selection for the Horseshoe Project in Dallas is another great
example of the exceptional expertise and world class execution that
Fluor brings to infrastructure work in Texas,” said Herb Morgan,
business line lead for Fluor’s Infrastructure business. “Whether it’s
SH-130 outside of Austin or the recently completed SH-161 extension in
Dallas/Fort Worth, we are proud of the safe, on-time and on-budget
projects we have helped accomplish in the state.”
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 north of the
I-30/I-35E interchange in Dallas as well as construction of a fully
designed Santiago Calatrava signature bridge. 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 portions
were rated ninth and 17th on TxDOT’s 2012 most congested
roadways report.
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
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 40,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. 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