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Flatiron Project in California Wins Top Partnering Prize from IPI

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Firestone, Colo. (Apr. 3, 2012) - Flatiron's State Route 92/Interstate 880 Interchange Reconstruction Project in Hayward, Calif., has won the 2012 John L. Martin Partnered Project of The Year Award, Diamond Level, from the International Partnering Institute. The Diamond Level award is the top award given by the non-profit organization, and will be presented on May 17 in San Francisco.

The IPI Partnered Project of the Year Award recognizes teams who implement partnering best-practices, build high-trust working relationships, achieve excellent results and deliver outstanding projects. The SR 92/I-880 Interchange Reconstruction project was constructed by a joint venture team from Flatiron and Granite Construction. The reconstructed interchange, one of the Bay Area's busiest and used by over 235,000 vehicles a day, provides additional traffic capacity, relieves congestion and helps improve traffic safety and operations. Flatiron and Granite partnered closely with owner California Department of Transportation to develop innovative solutions to mitigate delays and finish this complex job a month ahead of schedule.

The SR 92/I-880 Interchange Reconstruction project also recently won a Marvin M. Black Excellence in Partnering Special Recognition Award from the Associated General Contractors of America. Learn more about the SR 92/I-880 Interchange project and watch a video about the exceptional partnering developed on the project.

Flatiron, with a construction volume of more than $1 billion in 2011, 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 75,000 employees and a sales volume of EUR 23.28 billion in FY 2011, 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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