Lane Construction wins two US highway contracts worth $460m

WCN Editorial Team 10 Dec 2018 NORTH AMERICA TRANSPORT INFRASTRUCTURE

Lane Construction, the US subsidiary of Italian construction and civil engineering company Salini Impregilo, has won two highway contracts in North Carolina, US, together worth $460m.

The first contract, worth $260m, will involve widening of Interstates 77 and 40 in Iredell County from four lanes to eight for about 7.4 miles (11.91km).

Under this contract, the company will also take up improvements to the system connection by designing and building a partial turbine interchange.

Work is expected to commence in 2019 and be completed in 2022.

The second contract, with a total value of $403m, involves extending the Triangle Expressway from US 401 to I-40 in the Wake and Johnston Counties, part of the Complete 540 project to improve the highway system in Raleigh, the state capital.

Lane Construction has a 50% stake in the contract within a joint venture with Blythe Construction, a subsidiary of Eurovia of France’s Vinci, for $200m.

The project, scheduled for delivery in 2022, covers design and construction of six-lane, 12.8km highway and involves five million m³ of earthworks, construction of 29 bridges and 290,000m² of concrete pavement and placement of 135,000 tonnes of hot mix asphalt.

The two contracts bring the group’s total value of design-build work in North Carolina to $800m so far in 2018.

The contracts bring the total value of new orders won by the Salini Impregilo Group in the US highway sector to $1.6bn for 2018.

The US accounted for almost 60% of the total intake of Salini Impregilo Group’s new orders in the first nine months of 2018.

Other contracts won by the company in other states in 2018 include the construction of a section of the Wekiva Parkway in Florida, the I-10 Corridor Contract 1 Express Lanes in California, and the widening of the I-85 in South Carolina.

Lane Construction is also active in other sectors, including tunnels, metros, railways and water treatment, where there is a strong potential for growth.

Projects under construction include the management of storm and waste water with the Northeast Boundary Tunnel, the biggest component of the DC Water’s Clean Rivers project in Washington, DC; the Purple Line light rail system in Maryland; and the replacement of the Gerald Desmond Bridge in California.

______________________________________________________________________________________

Image: I-385 widening and rehabilitation improvements in US. Photo: Courtesy of Salini Impregilo S.p.A.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2021 GlobalData. All rights reserved.