Virginia cancels Ferrovial road contract for US460 construction

The Transport Department of the State of Virginia in the US plans to cancel a contract worth an estimated US$1.12 billion for road construction awarded to Spanish firm Ferrovial. The deal ends 15 June and the two parties are negotiating compensation terms for Ferrovial which won the contract in October 2012 for US-460. . Work was to begin in 2014 and finish in 2018 but no construction has taken place. The road, awarded in consortium with American Infrastructure, was to be 88.5km and run between the c
May 6, 2015 Read time: 1 min
RSSThe 5131 Virginia Department of Transportation in the US plans to cancel a contract worth an estimated US$1.12 billion for road construction awarded to Spanish firm 2717 Ferrovial.

The deal ends 15 June and the two parties are negotiating compensation terms for Ferrovial which won the contract in October 2012 for US-460. Work was to begin in 2014 and finish in 2018 but no construction has taken place.

The road, awarded in consortium with American Infrastructure, was to be 88.5km and run between the cities of Petersburg and Suffolk

Meanwhile, for winter maintenance operations between October 2014 and March this year, more than US$1 billion was spent by 23 US states. According to the American Association of State Highway and Transportation, more than 6.07 million litres of de-icer and 544,000tonnes of salt were used by the state of Massachusetts alone.
Finance & Funding

For more information on companies in this article

Related Content

  • Virginia highway contract awarded
    October 8, 2021
    A major Virginia highway contract has been awarded.
    Read More
  • “Structurally deficient” US bridges need warning signs, says ARTBA
    April 10, 2015
    A US construction sector group wants warning signs to be posted on bridges designated “structurally deficient" and in need of repair by state engineers. More than 61,000 structurally deficient bridges remain in need of significant repair, according to the American Road & Transportation Builders Association (ARTBA), which analysed the US Department of Transport’s National Bridge Inventory database. However, by the end of 2014 there were more than 2,000 fewer structurally deficient structures than in 20
    Read More
  • Rotenberg’s Mostotrest to fight for $5 billion Russia’s road-building contract
    December 2, 2013
    Interest is strong in one of Russia’s premier projects for road infrastructure - Eugene Gerden reports The State Company Russian Highways (Avtodor) has officially announced a tender for the construction of the sixth - and longest - section of the Moscow - St Petersburg highway. Avtodor is Russia’s leading company in the field of development of national road infrastructure, while this is one of the largest and most controversial projects in Russian road building in recent years. The 6th section of the
    Read More
  • MPA calls on new London Mayor to safeguard aggregate wharves/depots
    May 12, 2016
    Housing is, rightly, the new London Mayor Sadiq Khan’s top priority, says the UK’s Mineral Products Association (MPA). It points out that delivery of much-needed new housing and infrastructure depends on a steady and adequate supply of construction aggregates and other essential mineral products such as concrete blocks and mortar. Wharves and rail depots play a key role in this, enabling the sustainable supply of bulk materials by rail and ship, delivering close to the market, significantly reducing t
    Read More

Highlighted Content