Transactions - MAY 8, 2017

Balfour Beatty, Fluor awarded $625m Texas highway project

by Andrea Waitrovich

The Texas Department of Transportation has selected the joint venture of Balfour Beatty US and Fluor Enterprises to design and build the $625 million Southern Gateway highway project in Dallas.

The joint venture will add a fifth lane in each direction along an 11-mile stretch of Interstate 35 and build two reversible, non-toll express lanes as well.

Construction is slated to start in late 2017, with completion expected in 2021.

The Texas Department of Transportation awarded the contract as part of the Clear Lanes initiative, a program that prioritizes funding for congestion relief projects in Texas’ metropolitan areas.

In March, Texas officials announced an $8.9 billion plan to take on 230 state highway projects. Included in the agency’s plans is a $3 billion revamp of a Houston segment of Interstate 45 along with adjacent highways, marking the single-largest project of the initiative. Construction is expected to start on that segment in 2020.

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