Through its US subsidiary Flatiron, Hochtief has won two new infrastructure contracts totalling US$176.5m.
The company will expand California’s Interstate 5 and upgrade an industrial facility for oil sands in Alberta, Canada.
The Interstate 5 is a major freeway in California. Flatiron has been contracted by the state’s Department of Transportation to refurbish a two-mile section close to the city of Norwalk with 10 lanes, and also build five bridges and a pedestrian overpass.
The contract has a total volume of approximately $74.5m. Work has already begun and will take around four years.
![](https://www.globalconstructionreview.com/wp-content/uploads/2021/08/Marcelino_fernandez_verdes.jpg)
Fernández Verdes
In Alberta, Canada, the company will be extending an industrial facility for the extraction of oil, northwest of the town of Fort McMurray.
The contract, worth US$72m, involves constructing two underground tunnels, renewing the subsoil, and reinforcing the foundations. The facility is due to be completed by 2014.
"Infrastructure projects are a profitable business for Hochtief," emphasised Marcelino Fernández Verdes, CEO of Hochtief. "With our subsidiaries we are globally well-placed in this market and want to continue growing there in future."