KBR Backs Out of $6.3-billion Job; Virginia Looks for New Bids - ENR | McGraw-Hill Construction
Keywords: ENR, government, equipment & materials, business conditions, labor, management, construction methods, finance
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Publication Date: 30-JAN-08
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Article Description| The Virginia Dept. of Transportation has terminated negotiations with Kellogg Brown and Root (KBR), which had led a team that proposed $6.3 billion in improvements to 325 miles of Interstate 81 in accordance with the Public Private Transportation Act. VDOT is now soliciting requests for qualifications from design-build teams for a proposed dedicated truck lane along seven miles of I-81. KBR, in a Dec. 18 letter, told VDOT that it could not pursue the 15-year, $6.3-billion project to separate truck and automobile traffic along 325 miles due to its transition from Halliburton into an independent, publicly traded enterprise. It offered to transfer its leadership of the consortium, which included various contractors and consultants such as ... |
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