Through its US subsidiary Flatiron, Hochtief has won two new infrastructure contracts totalling US$176.5m.
The company will expand California’s Interstate 5 and upgrade an industrial facility for oil sands in Alberta, Canada.
The Interstate 5 is a major freeway in California. Flatiron has been contracted by the state’s Department of Transportation to refurbish a two-mile section close to the city of Norwalk with 10 lanes, and also build five bridges and a pedestrian overpass.
The contract has a total volume of approximately $74.5m. Work has already begun and will take around four years.
Fernández Verdes
In Alberta, Canada, the company will be extending an industrial facility for the extraction of oil, northwest of the town of Fort McMurray.
The contract, worth US$72m, involves constructing two underground tunnels, renewing the subsoil, and reinforcing the foundations. The facility is due to be completed by 2014.
"Infrastructure projects are a profitable business for Hochtief," emphasised Marcelino Fernández Verdes, CEO of Hochtief. "With our subsidiaries we are globally well-placed in this market and want to continue growing there in future."
