Flour Team Selected for Multi-Billion Dollar Contract for New Tappan Zee Hudson River Crossing Project
Fluor Corporation (NYSE: FLR) confirmed today that the New York State Thruway Authority and the New York State Department of Transportation announced that Tappan Zee Constructors, a Fluor-led team consisting of Fluor Enterprises, Inc., American Bridge Company, Granite Construction Northeast, Inc., and Traylor Bros., Inc., was selected for the multi-billion dollar, design-build contract for the new Tappan Zee Hudson River Crossing Project.
Three design concepts and corresponding budgets were presented to the public by the Authority and New York's Governor Andrew Cuomo on December 5, 2012, in Albany. Tappan Zee Constructors' submission, shown as Proposal One, was recommended at that time by the Selection Committee. Today, the Authority's Board of Directors made the final selection of the Tappan Zee Constructors' proposal.
Based on its 30 percent ownership of the joint venture, Fluor will book its portion of the project into backlog once the contract receives final approval and a notice to proceed is issued.
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