Flatiron Secures $95M in New Infrastructure Contracts across the Western U.S. and Canada
Firestone, Colo. (August 11, 2011) - Flatiron, one of the nation's largest transportation and infrastructure contractors, has been awarded more than $95 million in new contracts in July.
In Canada, Flatiron was awarded a $52 million contract from the Alberta Ministry of Transportation for the reconstruction of the Drayton Valley Bridge over the North Saskatchewan River and 8.5 kilometers of Highway 22 east of the bridge. Construction began on August 1 and the project is slated for completion in April 2014.
In California, Flatiron was awarded a $30.8 million contract from the California Department of Transportation for the Route 101 Santa Maria Connector in Santa Barbara. The project includes replacing existing structures, adding lanes and adding a bike path. Construction will begin in September and is slated for completion in late 2014. Flatiron also secured three other contracts in the state, two of which were awarded to the company's Electrical Group, totaling more than $14 million.
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, rail transit, and water/wastewater treatment plants, 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 70,000 employees and a sales volume of EUR 20.16 billion in FY 2010, 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.