Flatiron secures $436 million in Florida highway contracts

Flatiron secures $436 million in Florida highway contracts

Longmont, CO, April 25, 2005 – The Florida Department of Transportation has awarded Flatiron Constructors two new contracts — a $193 million contract to reconstruct a portion of the State Roadway 60/Memorial Highway in Tampa, Florida and a $243 million project to construct two parallel bridges along Interstate 10 across Escambia Bay in Pensacola, Florida.

The SR 60/Memorial Highway project, also referred to as the Tampa Airport Interchange project, is the first stage of a significant redevelopment of major arteries through the Tampa metropolitan area. Much of the work includes at-grade highway improvements from I- 275 to the Courtney Campbell Causeway interchange. The project is broken up into 30 phases, and the heavily-congested area necessitates extensive traffic maintenance and night possessions. Work will begin in July 2005 and is scheduled for completion spring 2010. Flatiron Constructors (60%) will manage the joint venture team, which includes partner Tidewater Skanska (40%).

Flatiron also acquired a contract to design and construct two new parallel bridges along I-10 over Escambia Bay in Pensacola Florida.

In September, Hurricane Ivan caused extensive damage to the existing I-10 bridges (pictured at right), creating a storm surge that both misaligned and completely destroyed multiple bridge segments. Designated a top priority by the Federal Highway Administration (FHWA), FDOT ordered emergency repairs and put the construction of the new bridge on an accelerated schedule (to be completed in just 29 months).

Flatiron will utilize square prestressed piles and standard 78-inch Florida Bulb-T beams for the new bridges. The new bridge will be 2.6 miles long with three lanes in each direction. Flatiron holds a 40% share in the project, which will be managed by joint venture partner Tidewater Skanska. Flatiron Constructors and Tidewater Skanska are currently working together to construct the United States’ longest cable-stay bridge in Charleston, South Carolina, which will open to traffic this summer.

Flatiron Constructors is the Colorado division of Flatiron Construction Corp., a Royal BAM Group company. Flatiron specializes in transportation and heavy civil projects both on a national scale and in local districts. Its experience encompasses major highways, traditional and specialty bridges, toll roads, tunnels and light rail transit projects throughout the United States. Flatiron is consistently ranked among the top bridge and highway builders in North America.

For additional information, contact:

Christie DeLuca

Flatiron Construction Corp.

Phone: 720-494-8034

www.flatironcorp.com