Fluor Joint Venture Selected for Texas Southern Gateway Project

Fluor Corporation (NYSE:FLR) announced today that the Fluor-led joint venture comprised of Fluor and Balfour Beatty Infrastructure, Inc., was selected by the Texas Department of Transportation (TxDOT) as the design-build and capital maintenance team for the estimated $625 million Southern Gateway reconstruction and improvement project located along Interstate I-35E and U.S. 67 in Dallas. Fluor will book its share of the contract value into backlog in the second quarter of 2017.

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"Fluor is proud to lead the joint venture team that will oversee the design-build and capital maintenance of this project," said Hans Dekker, president of Fluor's infrastructure business line. "Our team brings an integrated solutions approach to designing and building complex mega-projects and our long-standing relationship with Balfour Beatty solidifies our ability to deliver complex projects for Texas."

Working in partnership with TxDOT, the project is slated to begin later this year and continue for four years. The 11-mile project within the City of Dallas and Dallas County includes the reconstruction and widening of both general-purpose and non-tolled managed lanes, thereby contributing to congestion relief, enhanced safety, increased mobility and improvements along I-35E from U.S. 67 to I-30 and from where U.S. 67 splits at I-35E to I-20. The completed project will also substantially reduce the ongoing capital maintenance demands along the Southern Gateway, one of the United States' primary transportation corridors.

About Fluor Corporation

Fluor Corporation (NYSE:FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

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