Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. HOCHTIEF AG
  6. News
  7. Summary
    HOT   DE0006070006

HOCHTIEF AG

(HOT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

HOCHTIEF : Flatiron joint venture wins NCDOT I-95 widening project valued at $236.5 million

08/13/2021 | 03:41am EDT

Flatiron joint venture wins NCDOT I-95 widening project valued at $236.5 million

Flatiron and joint venture partner Fred Smith Company have been selected by the North Carolina Department of Transportation (NCDOT) to complete I-95 improvements in Harnett and Johnston Counties in North Carolina.

This $236.5 million bid-build project will add two travel lanes each direction, bringing the total to eight lanes between exit 71 and exit 81.

This phase of I-95improvements-scheduled to begin in late 2021 and complete in 2026-focuses on the state's oldest stretch of I-95 that opened in the late 1950s. It's part of the overall effort to upgrade I-95, a vital artery for the movement of people and goods across North Carolina and along the entire eastern seaboard.

Along with the widening of I-95, the project will include grading, drainage, paving, signals and bridges. Notable project highlights include:

  • Doubling the lanes to alleviate congestion and increase safety;
  • Replacing two culverts with single-structure bridges to improve the ability of water to safely flow underneath the interstate;
  • Rebuilding interchanges along the roadway to meet modern design standards-including taller, wider bridges and longer acceleration lanes;
  • Realigning and improving service roads.

Throughout the project, Flatiron will work closely with the NCDOT, Fred Smith Company and subcontractors to meet project deadlines, maintain cost efficiencies and seek innovative solutions to project challenges.

In the past five years, Flatiron has been awarded $1.3 billion in NCDOT project work.

This project reinforces Flatiron's prominent highway construction presence in North Carolina, adding to the NC 540 A&B projects with combined values exceeding $350 million, the Winston-Salem Northern Beltway project valued at $140 million, the recently completed Business 40 Reconstruction project valued at $99 million, and the recently awarded $59 million U.S. 70 Freeway and Interchanges project.

[Accompanying photo: The I-95 improvement project will add two travel lanes each direction between exit 71 and exit 81.]

A HOCHTIEF Company

CORPORATE COMMUNICATIONS

Media Contact

Mike Swenson

1.720.494.8132

press@flatironcorp.com

385 Interlocken Crescent, Suite 900 Broomfield, CO 80021

FLATIRONCORP.COM

Page 1 of 1

08/12/2021

________________________________________________________________________________

Flatiron is the trusted provider of innovative solutions to infrastructure challenges across the U.S. and Canada. For public and private clients, Flatiron builds highways, bridges, airports, rail transit, dams, water facilities and underground projects. For more on how Flatiron is transforming infrastructure, visit flatironcorp.com. Flatiron is a subsidiary of HOCHTIEF, an engineering-led global infrastructure group.

Disclaimer

Hochtief AG published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 07:40:03 UTC.


ę Publicnow 2021
All news about HOCHTIEF AG
03:41aCIMIC companies awarded North East Link PPP contract
PU
10/27Turner to Target Net Zero Energy for Yale University's Physical Sciences and Engineerin..
PU
10/22HOCHTIEF : AM Best Affirms Credit Ratings of Builders Reinsurance S.A. and Builders Direct..
AQ
10/11HOCHTIEF : CIMIC's UGL secures $135m in resources, utilities contracts
PU
10/09HOCHTIEF : Flatiron/United joint venture wins NCDOT I-95 widening and rehabilitation proje..
PU
10/01HOCHTIEF : CIMIC's UGL secures $297m locomotive manufacturing contract
PU
09/29HOCHTIEF : Turner Construction Company, AC Martin and HGA Design-Build Team Selected for M..
PU
09/27HOCHTIEF : CIMIC'S UGL secures $150m atom services contract extension
PU
09/27HOCHTIEF : CIMIC'S UGL secures $150m services contract extension
PU
09/20HOCHTIEF AKTIENGESELLSCHAFT(XTRA : HOT) added to Germany SDAX (Total Return) Index
CI
More news
Analyst Recommendations on HOCHTIEF AG
More recommendations
Financials
Sales 2021 22 730 M 26 380 M 26 380 M
Net income 2021 422 M 489 M 489 M
Net cash 2021 636 M 738 M 738 M
P/E ratio 2021 11,3x
Yield 2021 5,82%
Capitalization 4 727 M 5 478 M 5 486 M
EV / Sales 2021 0,18x
EV / Sales 2022 0,14x
Nbr of Employees 34 069
Free-Float 30,2%
Chart HOCHTIEF AG
Duration : Period :
HOCHTIEF AG Technical Analysis Chart | HOT | DE0006070006 | MarketScreener
Technical analysis trends HOCHTIEF AG
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 69,32 €
Average target price 85,09 €
Spread / Average Target 22,7%
EPS Revisions
Managers and Directors
Marcelino Fernßndez Verdes Chairman-Executive Board
Peter-Wilhelm Sassenfeld Chief Financial Officer
Pedro JosÚ Lˇpez JimÚnez Chairman-Supervisory Board
JosÚ Ignacio Legorburo Chief Operating Officer
Georg von Bronk Chief Compliance Officer & Head-Governance
Sector and Competitors