Ferrovial chosen to build a section of the Grand Parkway toll road in Texas for 790 million euro
- The project includes the design and construction of segments H&I, measuring 52.5 miles (85 kilometers), northeast of the Greater Houston area.
- Grand Parkway will be the longest ring road in the US, at 180 miles (around 290 kilometers).
- Ferrovial has a notable presence in Texas, where it manages the North Tarrant Express and LBJ Express in the Dallas-Fort Worth metro area.
Madrid, 29/03/2017.-A consortium led by Ferrovial Agroman has been chosen by the Texas Department of Transportation to design and build segments H&I of the State Highway 99 ring road (also known as Grand Parkway), northeast of the Greater Houston area, for 855 million dollars (790 million euro). The consortium also includes Webber LLC and Granite Construction Inc.
The project comprises the construction of a 52.5-mile (around 85-kilometre) stretch of highway spanning Chambers, Harris, Liberty and Montgomery counties. This segment, which is a toll road, will see its capacity increased by up to two lanes in each direction between US 59 and I-10 and by four lanes between I-10 and SH 146; all sections will be tolled. The project comprises the engineering and construction, whilst the management will be delivered by TxDOT.
The construction of new lanes and the modernization of the tolling infrastructure on SH 99 between I-10 and FM 1405 is expected to be completed in six years. The acquisition of easements through 375 land parcels is expected to take 24 months. The relocation of utilities, which accounts for 10% of the project’s cost, includes oil and gas pipelines. Additionally, 74 new bridges will be built as part of the project, and more than 7.5 million cubic meters of earth will be moved.
Ferrovial has a presence in Texas, where subsidiary Cintra operates the LBJ Express and North Tarrant Express highways in the Dallas-Fort Worth area. In the last month, Webber, Ferrovial Agroman’s subsidiary in Texas, has been awarded contracts to extend the I-45 highway in Walker County north of Houston, and US Route 281 in Bexar County, San Antonio.
Ferrovial is one the world’s leading infrastructure operators and municipal services companies, committed to developing sustainable solutions. The company has 96,000 employees and operates in over 20 countries. Its main business areas are: Toll Roads, Services, Construction and Airports. It is a member of Spain’s blue-chip IBEX 35 index and is also included in the Dow Jones Sustainability Index and FTSE4Good; all its operations are conducted in compliance with the principles of the UN Global Compact, which the company adopted in 2002.