This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Fluor Team Selected For Tappan Zee Bridge Replacement In New York

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.

"The combined experience of our team enabled us to put forward an attractive and cost competitive design," said Steve Dobbs, president of Fluor’s Industrial & Infrastructure Group. "We also will be able to leverage our recent successful bridge construction experiences, like the San Francisco-Oakland Bay Bridge, and our unique equipment capabilities in making this important project a reality."

The 3.1-mile-long Tappan Zee Bridge connects Rockland County to Westchester County in the Lower Hudson Valley (approximately 25 miles north of midtown Manhattan) and is a vital transportation link that serves approximately 138,000 vehicles per day.

The mega-project will be the single largest bridge project in New York’s history. It is the state’s first application of its recently enacted design-build legislation and has produced substantial savings relative to the $5.2 billion estimated cost.

The Fluor team developed a unique and innovative design that reduced the weight of the structure and minimized the number and size of foundations required. The design solution also utilizes a shallow superstructure and a 350’ long-span design to minimize the number of piers and provide a sleeker looking bridge that enhances the view corridors within the lower Hudson Valley. The main span is a composite deck cable-stayed structural system with outwardly inclined main span towers that create an iconic look and accommodate future transit loads.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs