The ACS Group is awarded the contract for the largest cable-stayed bridge in the United Sates for an amount of USD 983.4 million
The structure will constitute the greatest length between supports for a cable-stayed bridge in the United States and will allow access to the largest transoceanic boats, including those that cross the Panama Canal
01.05.2015
ACS, through the temporary joint venture between its subsidiaries Dragados and Flatiron, has been awarded the contract for the design, construction and maintenance of the US 181 Harbor Bridge Replacement project in Corpus Christi, in Texas, for an amount of USD 983.4 million, which will include the largest cable-stayed bridge in the United States.
The contract includes an allocation amounting to USD 854.6 million for the design and construction, and an additional USD 128.2 million in net present value for the maintenance and operation of the bridge for a period of 25 years.
The project consists of the demolition of the existing bridge, replacing it with a cable-stayed bridge. This work will cross the entrance channel of the Port of Corpus Christi, with six spans, the main one achieving a maximum span of 504 metres, which will constitute the greatest length between supports for a cable-stayed bridge in the United States. The structure will also have a clearance of 62 metres to allow the largest transoceanic boats, including those that cross the expanded Panama Canal, to access the Port of Corpus Christi.
The project will include works on the US 181 motorway, on which the bridge is situated, and on the I-37 and SH-286 motorways, including reconstruction and improvements of the roads and links, traffic diversions, relocation of public services and land acquisition.
Consolidation in North America
Thanks to this contract, ACS is strengthening its relevant presence in the North American construction market, a strategic area for the company. Recently, the company was notably awarded the contract for the new Bridge over the St. Lawrence River in Montreal, an essential step for its consolidation in Canada. This was preceded by other recent and important allocations this year, such as the Portsmouth Bypass motorway in the State of Ohio, whose financial closure was completed on 9 April 2015, and the SH 288 motorway in the State of Texas, awarded in February 2015.
The award of four contracts to Dragados and its subsidiaries in Florida, for an amount of EUR 199.4 million; the renovation of a 1.4 km-long viaduct in the city of Springfield (Massachusetts) for an amount of EUR 141 million and the allocation of the work on the "Agua Hedionda" sewage pumping station in California, with a total contract value of EUR 41 million, should also be highlighted.
Furthermore, the portfolio of Iridium concession projects in North America includes 9 projects, with an investment value of over USD 12 billion, or EUR 11.3 billion.
The ACS Group occupies first place in the ranking of international constructors drafted by the Engineering News Record publication and, since 1994, it has held top spot in the international ranking of investors in infrastructure, developed by the Public Works Financing publication.
The contract includes an allocation amounting to USD 854.6 million for the design and construction, and an additional USD 128.2 million in net present value for the maintenance and operation of the bridge for a period of 25 years.
The project consists of the demolition of the existing bridge, replacing it with a cable-stayed bridge. This work will cross the entrance channel of the Port of Corpus Christi, with six spans, the main one achieving a maximum span of 504 metres, which will constitute the greatest length between supports for a cable-stayed bridge in the United States. The structure will also have a clearance of 62 metres to allow the largest transoceanic boats, including those that cross the expanded Panama Canal, to access the Port of Corpus Christi.
The project will include works on the US 181 motorway, on which the bridge is situated, and on the I-37 and SH-286 motorways, including reconstruction and improvements of the roads and links, traffic diversions, relocation of public services and land acquisition.
Consolidation in North America
Thanks to this contract, ACS is strengthening its relevant presence in the North American construction market, a strategic area for the company. Recently, the company was notably awarded the contract for the new Bridge over the St. Lawrence River in Montreal, an essential step for its consolidation in Canada. This was preceded by other recent and important allocations this year, such as the Portsmouth Bypass motorway in the State of Ohio, whose financial closure was completed on 9 April 2015, and the SH 288 motorway in the State of Texas, awarded in February 2015.
The award of four contracts to Dragados and its subsidiaries in Florida, for an amount of EUR 199.4 million; the renovation of a 1.4 km-long viaduct in the city of Springfield (Massachusetts) for an amount of EUR 141 million and the allocation of the work on the "Agua Hedionda" sewage pumping station in California, with a total contract value of EUR 41 million, should also be highlighted.
Furthermore, the portfolio of Iridium concession projects in North America includes 9 projects, with an investment value of over USD 12 billion, or EUR 11.3 billion.
The ACS Group occupies first place in the ranking of international constructors drafted by the Engineering News Record publication and, since 1994, it has held top spot in the international ranking of investors in infrastructure, developed by the Public Works Financing publication.