Lane (Webuild) jv named preferred team to upgrade Tampa’s Westshore Interchange project in Florida, U.S.A.
- Lane records €809 mln in new orders, acquired or to be finalised so far this year
- Lane’s order backlog reaches more than €3 bln
Lane, the U.S. subsidiary of the Webuild Group, and its joint-venture partner have been named preferred team in exclusivity for a project to modernise the Westshore Interchange (I-275/SR 60) in Tampa, Florida, a multi-year effort whose combined value is to total $1 billion (€943 million). The joint-venture, in which Lane has a 50% stake, has already signed a $10-million (€9.4 million) contract with the Florida Department of Transportation for the planning phase of the project. Lane and its partner, Superior Construction, will develop a multi-year programme to rebuild one of the city’s busiest interchanges, improving safety and increasing capacity to ease traffic flow.
The planning phase is to be completed by November 2023, with construction – to be awarded as a separate contract – set to begin by spring 2024.
The contract brings to €809 million the value of orders that Lane has acquired or is finalising since the beginning of 2023, including one to increase the capacity and improve the safety at an interchange at Interstate 4 (I-4) and Sand Lake Road (State Road 482) in Orange County, Florida. Lane’s order backlog as a result has reached more than €3 billion.
Tampa’s Westshore Interchange is the point where the I-275, SR 60 and Veterans Expressway converge. The project will increase capacity along the east end of the Howard Frankland Bridge to Lois Avenue and north of State Road 60 extending to State Road 589 (Veterans Expressway). It will include general use and tolled express lanes, as well as direct ramps to the Tampa International Airport. The aim is to improve the safety and ease the flow of traffic for more than 400,000 daily vehicles that are anticipated by 2045.
The Westshore district is the largest central business district in the state of Florida, with some 4,000 businesses, two shopping centres, 40 hotels and about 250 restaurants. It is also a few miles from downtown Tampa and the Raymond James Stadium. The district’s central location, its growing residential population and increased traffic to and from the airport have highlighted the urgency of the strategic project.
Webuild’s Lane has a significant presence in Florida. In Tampa, it is widening a busy downtown section of I-275. In the greater Orlando area in Osceola County, it is nearing the completion of the Poinciana Parkway. Elsewhere in Orlando, Lane is working on a beltway at the intersection of I-4, SR 417, and the nearly completed Wekiva Parkway (SR 429).
Cimic Group company Leighton Asia has been selected by the Philippines Department of Transportation to construct a section of the North South Commuter Railway System – South Commuter Railway Project (SCRP), a project that will ease road congestion around Manila. The Leighton-First Balfour joint venture will construct Contract Package S-03B (CP S-03B) for the project, generating revenue of approximately A$283 million for Leighton Asia.
Revenues for the first quarter totaled SEK 19,962 m (21,812) and operating profit excluding revaluation of process inventory was SEK 3,020 m (4,466). Free cash flow totaled SEK -46 m (674).
“We have fundamentally high stability in all of our units. However, during the quarter several factors affected us, leading to production challenges, especially in our mines. At the same time, it’s pleasing that our major investment projects are proceeding according to plan,” says Mikael Staffas, President and CEO.
Metso Outotec has not taken new orders from Russia since Russia’s attack on Ukraine in February 2022. To speed up discontinuation of contracts made before the war, the company started negotiating with its non-sanctioned customers to wind down open contracts.
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