A multi-billion dollar managed lanes project in central Texas has reached commercial close with its chosen design-build team, according to the Texas Department of Transportation (TxDOT).
The winning consortium for the 'I-35E Managed Lanes Project' is known as AGL Constructors, and comprises Archer Western Contractors, Granite Construction Company and the LANE Construction Company.
The design-build agreement is the first phase of a $4.8 billion public-private partnership (PPP or P3) to “reduce congestion” on Interstate 35 (I-35).
AGL had been placed on a bidder shortlist in April. In addition to AGL, three consortia were in the running for the $845 million project, including:
-Northern Link, comprised of Balfour Beatty Infrastructure, Flour Enterprises and Kiewit Infrastructure Company;
-Dallas to Denton Contractors, pairing Zachary Construction Corporation and SNC-Lavalin Group, and;
-IH 35E Infrastructure, a consortium of Ferrovial, Webber and Texas Stealing Construction Company.
TxDOT conceived the project to “expand” and “rebuild the entire 28-mile corridor” through Dallas and Denton County.