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MarketScreener Homepage  >  Equities  >  Nyse  >  Fluor Corp       

FLUOR CORP

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Fluor NEW : IXAS Zuid-Oost, a Consortium Consisting of Fluor, Ballast Nedam, Heijmans and 3i Infrastructure, Selected as Preferred Bidder for the Project A9 Gaasperdammerweg in the Netherlands

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07/24/2014 | 09:24am EDT

Fluor Corporation (NYSE: FLR) announced today that the Directorate-General for Public Works and Water Management of the Netherlands Rijkswaterstaat has announced its intention to appoint IXAS Zuid-Oost, a consortium consisting of Fluor, Ballast Nedam, Heijmans and 3i Infrastructure plc, as the selected bidder for the public-private-partnership (PPP) project A9 Gaasperdammerweg in the Netherlands. The project includes the design, build, management, maintenance and financing of the existing and new infrastructure of the A9 motorway between Diemen and Holendrecht. The project has a total nominal value of approximately $945 million (€700 million), including a 20-year management and maintenance period after the new infrastructure becomes available.

The project consists of all the work to be performed in connection with the reconstruction and expansion of the A9 motorway between the junctions of Holendrecht and Diemen in the region of Amsterdam, including the bridge over the river Gaasp, the road surface on the A9 Gaasperdammerweg and the construction of an approximately three-kilometer cut-and-cover tunnel.

Ballast Nedam, Fluor, Heijmans and 3i Infrastructure plc will be the sole shareholders in the project, with an equal share each. Ballast Nedam, Fluor and Heijmans will participate in the construction and operation phase with an equal share of one third each.

Rijkswaterstaat expects the final award of the project on August 19, 2014, after the expiration of the Alcatel period.

About Ballast Nedam

Ballast Nedam targets its strategic focus at successfully acquiring and carrying out integrated projects in the working areas of housing, mobility, energy and nature in the Netherlands and internationally. We will expand related activities in niche markets and work on projects where we can make a difference for the client with our expert knowledge and skills. Ballast Nedam applies a differentiated market approach for its three divisions.

With further industrialization of the building process through the use of innovative modular concepts and standardization Ballast Nedam creates enduring quality at the lowest possible life cycle costs for its clients and society. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext. www.ballast-nedam.com

About Heijmans

Heijmans is a listed company that combines activities related to real estate development, residential building, non-residential building, technical services and infrastructure. Heijmans is active in the Netherlands, Belgium and Germany. Our focus on an integrated approach and high-quality execution creates added value for our customers. Heijmans realizes integrated, innovative projects for large customers, such as companies and government organisations, and homes for investors and consumers. With over 7,400 employees and € 2.1 billion in revenues in 2013, we are building the spatial skylines of tomorrow.

3i Infrastructure plc

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company is a long-term investor in infrastructure businesses and assets. Its strategy is to maintain a balanced portfolio of investments in order to deliver stable returns to its shareholders, through a mix of income and capital appreciation. Its objective is to provide shareholders with a total return of 10% per annum and, within that overall objective, it targets an annual distribution yield of 5.5%. The Company’s market focus is on core economic infrastructure in developed economies, principally in Europe, in the utilities and transportation sectors, investing in operational businesses which generate long-term yield and can provide capital growth. It also has investments in social infrastructure and is building its exposure to primary PPP and renewable energy projects. 3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Adviser to 3i Infrastructure plc.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that designs and builds some of the world's most complex projects. The company creates and delivers innovative solutions for its clients in engineering, procurement, fabrication, construction, maintenance and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With more than 40,000 employees worldwide, the company's revenue for 2013 was $27.4 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.

© Business Wire 2014

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Managers
NameTitle
Carlos Manuel Hernandez Chief Executive Officer & Director
Alan Lee Boeckmann Executive Chairman
Joseph L. Brennan Chief Financial Officer & Executive Vice President
Robert C. Taylor Chief Information Officer & Senior Vice President
Peter J. Fluor Lead Independent Director
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