Balfour Beatty Plc (BBY.L) said it has been named as best value bidder, as part of a design-build joint venture with Fluor Corp., to undertake the upgrades and replacements of river crossings in Dallas, Texas. The Texas Department of Transportation's, or TxDOT, estimate for the design, construction, utilities and right of way for the project is around $798 million, or 502 million pounds.
The 'Dallas Horseshoe' project calls for the upgrade and replacement of the I-30 and I-35E bridges and construction of additional lanes as well as the previously designed Margaret McDermott bridges. TxDOT will utilise design-build project delivery to shorten the construction schedule and lower the overall cost. The design work will start in early 2013 and construction will be completed in 2017.
by RTT Staff Writer
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