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Flatiron Secures More than $700M in New Infrastructure Contracts Across the Western U.S. and Canada

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Firestone, Colo. (December 22, 2011) - Flatiron, one of the nation's largest transportation and infrastructure contractors, has been awarded more than $700 million in new contracts since August.

In California, Flatiron was awarded an $86.6 million contract from the California Department of Transportation for the Interstate 5 reconstruction project in Santa Fe Springs. The project includes widening one mile of the interstate and replacing the Carmenita Road overcrossing and access ramps. Construction began in November and is slated for completion in late 2015. Flatiron secured 13 other contracts in the state, eight of which were awarded to the company's Electrical Group, totaling more than $61.7 million. Two contracts totaling $21.5 million were also awarded to Flatiron in Utah.

In Canada, Flatiron was awarded a $50.9 million contract from the Government of Alberta Ministry of Transportation to reconstruct the Steinhauer Bridge in Fort McMurray. Flatiron is demolishing the bridge superstructure, retrofitting the pier caps, and increasing capacity from two to three lanes. Construction began in July 2011 and the project is slated for completion in late 2013. Elsewhere in Canada, Flatiron secured two contracts totaling $30.2 million.

Additional contracts awarded to Flatiron since August include the Interior to Lower Mainland Transmission Lines project in British Columbia, Canada, and Flatiron subsidiary E.E. Cruz's $108.8 million contract for the replacement of the Queens approach of the Bronx-Whitestone Bridge.

Flatiron, with a construction volume of almost $1.2 billion in 2010, 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 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 54 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.

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