Fluor Set to Modernize Red & Purple Rail Lines in Chicago

12/12/18

Fluor to design and build Chicago Transit Authority’s largest capital project in history

IRVING, Texas--(BUSINESS WIRE)--Dec. 12, 2018-- Fluor Corporation (NYSE: FLR) announced today that the joint venture team of Walsh Construction Company and Fluor has been selected as the preferred partner to design and build Phase One of the Red and Purple Line Modernization Program for the Chicago Transit Authority (CTA). The $2.1 billion project will be the largest capital project in CTA’s history, ultimately resulting in expanded capacity and improved infrastructure along the region’s most used rail lines. Fluor plans to book its share of the undisclosed design and construction contract value in the first quarter of 2019.

“Fluor is pleased to have been selected by the CTA to deliver this massive project on the nearly century-old Red and Purple Lines,” said Terence Easton, president of Fluor’s infrastructure business. “When complete, this project will help build prosperity and empower progress for the region as well as improve transit for the citizens of Chicago. This selection further solidifies Fluor’s industry-leading expertise in North America as a frontrunner in transit projects and the delivery of infrastructure megaprojects.”

Fluor and Walsh, along with the team’s designer Stantec Consulting Services, will bring decades of industry megaproject and transit experience to this massive program that will deliver state-of-the-art services, improved quality, safety and reliability, and an upgraded customer experience to the users of the Red and Purple Lines.

The project includes designing and building new elevated tracks along a 1.9 mile section in Chicago including new bridges, support structures and existing tracks; upgrading 3.2 miles of the signal system; construction of a grade-separated bypass for the Brown Line at Clark Junction that will result in improved mobility, and replacing four of the CTA’s busiest stations. The project will begin in the first quarter of 2019 and is scheduled to be completed in early 2025.

About Fluor Corporation

Founded in 1912, Fluor Corporation (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 153 on the Fortune 500 list with revenue of $19.5 billion in 2017 and has more than 56,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.

Source: Fluor Corporation

Brian Mershon/Brett Turner
Media Relations
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Jason Landkamer
Investor Relations
469.398.7222

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