Skip to main content

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.

For more information on companies in this article

Related Content

  • UK: Kier Group completes purchase of Mouchel
    June 11, 2015
    In the UK, Kier Group has completed its purchase of Mouchel, the infrastructure repair and maintenance provider. The deal worth just more than €364 million (US$405 million) strengthens Kier's position in the British highways maintenance and management sector. A €467 million rights issue was used to finance the deal.
  • Balfour Beatty wins north Carolina highway contract
    October 25, 2019
    Balfour Beatty has won the tender process for a US$203 million highway contract in North Carolina.
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
  • Kenya highway work awarded
    October 13, 2020
    An important highway contract in Kenya has been awarded.