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The civil engineering contractor will restore the disaster-hit route, with roadworks expected to support hundreds of local jobs.
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The North Bypass Channel will divert floodwaters and strengthen defences for residents and businesses in central Fort Worth.
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The contract covers 130 villas, 142 townhouses and infrastructure, with work due to finish in the second quarter of 2028.
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The multi-phase Appleton project will transform 600 acres into a vibrant community, blending homes, offices, shops and public spaces.
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The project aims to support grid stabilisation, manage congestion and enhance the flexibility of the electricity market.
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