Fluor JV Wins Contract, Receives NTP on Horsehoe Project in Dallas
Fluor Corporation (NYSE: FLR) announced today that a company joint venture recently executed the contract with the Texas Department of Transportation (TxDOT) for the design, construction, and potential maintenance of the Horseshoe Project in Dallas, Texas. Pegasus Link Constructors LLC (PLC), the Fluor-led joint venture, was selected as the best value proposer for the project by TxDOT in the fourth quarter of 2012. Along with the signing of the contract, PLC received a notice to proceed (NTP) with the design phase and the construction NTP is expected shortly.
TxDOT's overall estimate for the design, construction, utilities and right of way for the project is approximately $798 million. Fluor booked the contract into backlog in the first quarter of 2013.
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