| HBG
wins US$ 131 million joint venture contract
for freeway near Raleigh, North Carolina |
 |
June 21, 2002
Press Release by Hollandsche
Beton Groep, nv
Rijswijk, the Netherlands - HBG Flatiron, Inc. [a
division of HBG Constructors, Inc.] in joint venture
with Lane Construction Co, was awarded a contract
to build 11 miles of six-lane freeway and 23 bridge
structures near Raleigh, North Carolina. The joint
venture is 60% HBG Flatiron and 40% Lane Construction
Co.
The bridges are located at 15 separate sites
and include both precast concrete girder and
steel girder bridges up to 16 spans in length,
installed on drilled pier foundations. The project
will be called the 'Knightdale Bypass'. The new
freeway will relieve traffic congestion along
US highway 64 for local commuters and other travellers
in eastern Wake county North Carolina.
This project, worth US$131 million, will be constructed
as a design/build project. HBG’s guaranteed
completion date of 30 December 2004 is seven months
earlier than the required completion of 1 August
2005.
For further information:
Arno C. Pronk, HBG Public Relations, telephone
+31 70 3722121.
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