Lane Construction Corporation has won a design-build, joint-venture contract with Security Paving Company to build the I-10 Corridor Contract 1 Express Lanes in California.
The work’s overall value is $672.9 million, and Lane’s contract share is valued at $404 million, the company says.
Headquartered in Cheshire, Connecticut, Lane has annual revenues of more than $1.7 billion and is owned by global construction leader, Salini Impregilo.
The group has already completed the Central Subway of San Francisco’s metro and is currently constructing the Gerald Desmond Bridge in Long Beach, too.
“Lane has a successful track record for similar projects on the East Coast, including 395 and 495 Express Lanes in Virginia, and is excited to begin work in the highway and transportation sector on the West Coast,” says Robert E. Alger, president and CEO of Lane Industries.
“We also look forward to establishing a lasting relationship with the San Bernardino County Transportation Authority.”
Security Paving is a hard-bid contractor based in California.
I-10 is the southernmost cross-country interstate highway, spanning from stretches from the Pacific Ocean at California State Route 1 in Santa Monica, California, to I-95 in Jacksonville, Florida.
The I-10 Corridor is a critical link within the Inland Empire serving local, commuter, and interstate travelers. The Inland Empire, which is the metropolitan area and region in Southern California where I-10 is located, has seen significant population growth in recent years and anticipates future growth of more than 50 percent, the company says in a press release.
The corridor also serves as a major trucking route between Southern California and the rest of the country.
The Contract 1 portion of the project involves designing and constructing 11 miles of two express lanes in each direction of I-10 from the Los Angeles/San Bernardino County line to east of the I-10/I-15 interchange.
Once completed, the project is expected to reduce traffic congestion, increase throughput, enhance trip reliability, and provide long-term congestion management of the corridor in the Inland Empire, Lane says.
Construction is expected to begin by the end of 2018 and be completed in the first half of 2023.
The group’s growth strategy focuses on increasing its U.S. business focus on large-scale complex infrastructure.
Lane has a unique combination of capabilities including public-private partnerships and innovative financing, as well as joint ventures and large, complex design-build projects.
Lane’s 5,000 employees team with customers and partners on diverse projects including highways, bridges, mass transit and airport systems, and the development of energy resources.
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