FLR Fluor Corporation

Fluor-Led Joint Venture Opens Loop 202 South Mountain Freeway Project

(NYSE: FLR) announced today that its joint venture team has opened the Loop 202 South Mountain Freeway in Phoenix for the Arizona Department of Transportation (ADOT). Located in the Phoenix metropolitan area, it is the largest highway project in the state’s history and the first freeway project procured under Arizona’s public-private-partnership statute. It is also ADOT’s first design-build-maintain project.

This press release features multimedia. View the full release here:

Fluor-led JV completes the new Loop 202 South Mountain Freeway and interchange west of Phoenix. (Photo: Business Wire)

Fluor-led JV completes the new Loop 202 South Mountain Freeway and interchange west of Phoenix. (Photo: Business Wire)

“The completion of this project on-time is a clear demonstration of our ability to successfully execute complex road and bridge projects,” said , group president of Fluor’s Infrastructure & Power business. “Not only will it lead to a more prosperous area around the highway, but it will increase the connectivity for commuters for generations to come.”

The Loop 202 South Mountain Freeway Project comprises 42 bridges and 22 miles of improved mobility via four lanes in each direction – three general-use lanes and one High-Occupancy Vehicle (HOV) lane – and includes modern features such as rubberized asphalt and aesthetics that reflect nearby communities. The project also includes a freeway-to-freeway interchange, including approximately five miles of tie-in work on I-10 Papago Freeway.

Construction began in 2016 and the project has achieved more than 5.5 million work hours without a lost time incident.

“Working in partnership with ADOT over the last three and half years, we have achieved our goal of providing Arizona with a safe, innovative, cost-effective and much needed connection that will help alleviate traffic congestion and improve the safety and operational efficiency for drivers throughout the Phoenix-metro area,” said Walter J. Lewis, III, project director for Fluor and Connect 202 Partners, LLC.

The Fluor-led joint venture consortium, Connect 202 Partners, is a design-build and maintenance partnership of Fluor Enterprises Inc., Granite Construction Co., and Ames Construction Inc. WSP Inc. is lead designer.

Connect 202 Partners has been recognized for its commitment to diversity by the Arizona Million Dollar Circle of Excellence and by the Women in Transportation Rosa Parks Diversity Leadership Award for exceeding its requirement to award more than $100 million to Disadvantaged Business Enterprises during the life of the project.

The project was funded by a combination of Regional Area Road Fund revenues, Highway User Revenue Fund revenues and federal funds dedicated to the Maricopa County region and ADOT. ADOT funded the project’s capital costs with a combination of available public funds from sales tax revenues and tax-exempt bonds.

Fluor will maintain the project for 30 years with oversight from ADOT.

About Fluor Corporation

Founded in 1912, (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 53,000 employees worldwide. For more information, please visit or follow Fluor on , , and .

EN
23/12/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Fluor Corporation

Fluor Corporation - September 2025 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Fluor Corporation and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 18 August 2025 in which we reassessed the appropriateness of the ratings in the context o...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke
ACM AECOM
EME EMCOR GROUP ... (+19)

Vermilion Compass: Weekly Equity Strategy

More Breakouts and Risk-On Developments We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass). We will maintain our bullish intermediate-term outlook as long as market dynamics remain healthy and the SPX is above 5700-5785, though we believe there is a low probability that this level gets tested any time soon. Short-term supports on the SPX include the 20-day MA (currently 6233), 6200, 6100-6150, and 6028-605...

Fluor Corp: 2 directors

Two Directors at Fluor Corp sold after exercising options/sold 41,588 shares at between 52.115USD and 52.132USD. The significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the comp...

 PRESS RELEASE

Fluor-Led JV Supports Successful Completion and Startup of Major Proje...

IRVING, Texas--(BUSINESS WIRE)-- (NYSE: FLR) is pleased to announce that it successfully led a joint venture that supported the completion and startup of Tengizchevroil’s (TCO) Future Growth Project (FGP) at the Tengiz oil field in Kazakhstan. The Fluor-led joint venture, including partners Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, has provided a suite of engineering, procurement, construction, operations and maintenance services for TCO since 2011. This press release features multimedia. View the full release here: An aerial view of the Third-Genera...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch