Fluor Corporation (NYSE:FLR) announced today that Autobahnplus, a
company in which Fluor is a 25 percent shareholder, has been awarded a
30-year concession contract for the A8 Motorway between Augsburg and
Munich, Germany.
Fluor's $85-million engineering, procurement and construction
contract will be booked in second quarter 2007. The capital cost of
the initial upgrade is $340 million and will be performed by a
construction joint venture in which Fluor has a 25 percent share.
The public-private partnership involves the reconstruction and
widening by December 2010 of 37 kilometers and operation and
maintenance of 52 kilometers of the motorway over the concession
period. The consortium members are Fluor Infrastructure BV, BAM PPP,
Trapp Infra (part of Volker Wessels), Egis and Berger Bau.
This is the first of a series of public-private partnership
motorway projects being awarded in Germany under the "A model."
"With this win, Fluor continues its successful track record of
participating in first-of-a-kind and major transportation
public-private partnership projects in Europe, such as the Netherlands
High Speed Rail project; the A59 first road public-private partnership
project in The Netherlands; UK Highways Agency National Roads
Telecommunication Services Project and London Underground's Connect
Communications PFI project," said Patrick Flaherty, senior vice
president of Fluor's Infrastructure business.
Fluor Corporation (NYSE:FLR) provides services on a global basis
in the fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 500 company with revenues of $14.1 billion in 2006.
For more information, visit www.fluor.com.
(FLRG)
