Isolux wins major US highway contract

Isolux has won a contract to construct and exploit a 34km stretch of highway between Bloomington and Martinsville on Interstate 69 (section 5), which crosses Indiana state in the US. The company becomes the fourth Spanish infrastructure group to have a presence in the US highway market. The exploitation of the highway will be for 35 years, under the terms of the deal, which will involve an investment of around US$325 million. Isolux had been competing against three offers from the infrastructure funds Meri
February 21, 2014 Read time: 1 min
1392 Isolux has won a contract to construct and exploit a 34km stretch of highway between Bloomington and Martinsville on Interstate 69 (section 5), which crosses Indiana state in the US.

The company becomes the fourth Spanish infrastructure group to have a presence in the US highway market. The exploitation of the highway will be for 35 years, under the terms of the deal, which will involve an investment of around US$325 million. Isolux had been competing against three offers from the infrastructure funds 7167 Meridiam, Plenary and 2378 Macquarie.

Isolux Corsan will carry out the construction work, while Isolux Infrastructure will exploit the highway, which has been designed by Aztec, the US subsidiary of Spanish engineering firm Typsa.
Road Structures

For more information on companies in this article

Related Content

  • Egis expands in Brazil with acquisition of Lenc
    November 28, 2014
    French engineering firm Egis has expanded further into the Brazilian infrastructure market with the purchase of highways contractor Lenc for an undisclosed sum. A statement from Egis said the acquisition is part of a strategy to expand aggressively in Brazil that it has been focusing on since 2011. Lenc, established in Sao Paulo in 1975, has 450 employees whose road building work ranges from preliminary studies and project management to work supervision and inspection. It also operates nearly 2,500km
    Read More
  • Ramboll appointed independent engineer on Champlain Bridge Project
    September 8, 2015
    Ramboll has been appointed independent engineer for the planned Champlain Bridge Corridor project in Montreal, Canada. Ramboll, based in Denmark, will work with the Canadian consultant Stantec to review the design and construction schedule of the entire length of the bridge corridor, one of the largest infrastructure projects in North America. Stantec will review of all highway design along with site inspections for the project that will cross the St. Lawrence River and cost up to US$4.1 billion. “The ne
    Read More
  • Construction consortium conquers in contract for Moscow-St Petersburg highway section
    May 13, 2014
    A consortium has won a key construction and concession contract in Russia for a stretch of the Moscow-St Petersburg highway. The construction consortium comprises contractor Vinci and Russian Bank VTB. The deal involves around US$1.7 billion of public financing for the construction phase and some $983 million for operation for the period of the contract. The concession package involves construction of the highway section, as well as operation for a 24 year period. The construction work will be carried out b
    Read More
  • Canada: work officially starts on Montreal’s Champlain Bridge
    June 25, 2015
    Canada’s infrastructure minister, Denis Label, officially broke ground for Montreal’s replacement Champlain Bridge, saying the project will likely cost US$3.42 billion. The 3.4km Champlain Bridge Corridor Project, including spans and highway expansions, is expected to be completed by 2019. SNC-Lavalin, the 50% stakeholder in the winning consortium Signature on the Saint-Lawrence, recently announced it had finalised the deal with new Champlain Bridge owner Infrastructure Canada. Signature on the Saint-
    Read More

Highlighted Content