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News Breaks
November 15, 2012
16:33 EDTFLRFluor selects Fluor JV as preferred bidder for Dallas Horseshoe Project
Fluor (FLR) announced that the Texas Department of Transportation named Pegasus Link Constructors, 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 $798M. The selection was announced by TxDOT Thursday 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. :
News For FLR From The Last 14 Days
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November 18, 2014
08:32 EDTFLRFluor board authorizes increase in share repurchase program by 10M shares
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November 17, 2014
08:51 EDTFLRFluor comments positive, says Sterne Agee
Sterne Agee believes that Fluor provided upbeat and confident commentary around multiple end- market opportunities. The firm thinks the company's backlog and margins can expand. It keeps a $105 price target and Buy rating on the shares.
November 14, 2014
05:32 EDTFLRFluor reports IXAS Zuid-Oost B.V. reaches final close for A9 partnership project
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November 10, 2014
16:35 EDTFLRFluor appoints Mike Wheeler as Chief Procurement Officer
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13:52 EDTFLRFluor to host investor day
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