Mar 23 2006
Fluor Corporation (NYSE: FLR) today reported that its joint venture team has submitted the most- competitive bid for the construction of the California Department of Transportation's (Caltrans) Self-Anchored Suspension (SAS) segment of the San Francisco-Oakland Bay Bridge. The bid value for the 50/50 joint-venture team of American Bridge Company and Fluor Enterprises Inc. is $1.434 billion.
Located on the new East Span of the bridge, the 1,800-foot-long SAS segment comprises a single 500-foot tall steel tower and two parallel steel bridge decks, each designed to carry five lanes of traffic. Prior to the official contract award, Caltrans must prepare written findings and recommendations for the project, based on the proposed bridge construction and steel fabricator information, which will take place over the next 30 days. The joint venture will book the new award after Caltrans completes its review process and issues a notice to proceed.
"Fluor's expertise in executing world-class, complex infrastructure projects, combined with American Bridge's industry-leading suspension bridge capabilities, will enable us to meet the State's needs for cost and schedule certainty and to deliver this project safely and successfully," said Steve Dobbs, group president of Fluor's Industrial & Infrastructure unit. "We are looking forward to working with Caltrans and for the residents of the Bay Area on this important undertaking."