Flatiron secures $36M in new contracts throughout Utah and California
(Firestone, Colo.) Dec. 31, 2010 - Flatiron, one of the nation's largest transportation and infrastructure contractors, recently secured 11 new transportation contracts throughout Utah and California, totaling more than $36 million.
In Del Mar, a city in North San Diego County, Flatiron is seismically retrofitting the 550-foot-long North Torrey Pines Bridge, which acts as the southern entry point to the city from La Jolla, Calif. After 77 years of use, the City of Del Mar arranged for rehabilitation of the deteriorating bridge in order to preserve and restore its historical qualities. The $13.4 million project, which broke ground in November, involves construction of a replacement deck in the same configuration as the existing deck, repairing the deteriorating concrete columns, and seismically strengthening the landmark to withstand earthquakes and last at least 50 years. The project is expected to take two years to complete.
Flatiron secured nine additional contracts in California, six of which were awarded to the company's Electrical Group for new traffic installation and management projects, totaling approximately $16 million. Flatiron is also paving and rebuilding a segment of Interstate 15 in Juab County, Utah, less than 100 miles southwest of Salt Lake City, under a $6.7 million contract for the Utah Department of Transportation. The project is slated for completion in early 2011.
Flatiron, with a construction volume of more than $1 billion, is one of the leading providers of transportation construction and civil engineering in North America. Flatiron develops innovative solutions to construct infrastructure, including roads, bridges, tunnels, and rail transit, for both public and private clients. Flatiron also operates as a contractor in design-build and public-private partnership projects. Founded in 1947, the firm is a subsidiary of HOCHTIEF, one of the world's leading international construction service providers. Further information is available at www.flatironcorp.com.
HOCHTIEF is one of the leading international providers of construction-related services. With more than 66,000 employees and a sales volume of EUR 18.17 billion in FY 2009, the company is represented in all the world‘s major markets. The Group's service offering in the fields of development, construction, services, concessions and operation covers the entire life cycle of infrastructure projects, real estate and facilities. In the USA, the biggest construction market in the world, HOCHTIEF is the No. 1 general builder via its subsidiary Turner and, with Group company Flatiron, ranks among the most important players in the field of transportation infrastructure construction. With its subsidiary Leighton (HOCHTIEF share around 55 percent), the Group is market leader in Australia. Because of its engagement for sustainability, HOCHTIEF has been listed in the Dow Jones Sustainability Indexes since 2006. Further information is available at www.hochtief.com/press.