Spanish multinational wins $261.8 million I-74 contract in Forsyth County

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Ferrovial
Image from Ferrovial's news release

Spanish multinational Ferrovial, through its US construction subsidiary Webber, says the North Carolina Department of Transportation (NCDOT) has selected it to build a 5-kilometer section of the I-74 highway in Forsyth County. The contract is worth $261.8 million.

The project is Webber’s first in North Carolina, where Cintra is in charge of the I-77 Express Lanes, which were built by Ferrovial.

Work is expected to begin in February and to take four years to complete; it includes the construction of seven bridges and other infrastructures.

The contract is part of a NCDOT initiative to build a multi-lane beltway to the north of Winston-Salem. “This project is expected to reduce congestion and improve safety on one of the busiest routes in the area while boosting the region’s economy,” the contractor says in a Feb. 8 statement.

With this contract, Webber is working on 50 projects, in Texas, Georgia, Virginia and North Carolina. Ferrovial’s US subsidiary recently announced that it has been selected to build two highways in Texas, in Guadalupe and Hays counties, for USD 161.5 million (equivalent to approximately €142 million euro). It has also been chosen to expand the I-35 in San Antonio (Texas) for USD 1,500 million (some € 1,274 million), in partnership with Ferrovial Construction.

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