John Laing wins IJGlobal Americas Award for I-4 Ultimate Project in Florida
John Laing is delighted to announce it has won the 2014 IJGlobal Americas ‘Project of the Year Award in the North American Transport’ category, for the I-4 Ultimate Project in Florida. The award was presented to the company at an awards ceremony in New York on 12 March 2015.
The I-4 Ultimate Project is a Public-Private Partnership (PPP) highway project – commissioned by the Florida Department of Transportation (FDOT) and led by the I-4 Mobility Partners consortium (comprising John Laing and Skanska Infrastructure Development).
The consortium will design, build, finance, operate and maintain the new section of the highway over a 40-year concession term. The project has a capital expenditure value of USD $2.3bn and is designed to reduce congestion and provide additional capacity along a busy 21 mile section of Interstate 4, one of Florida’s most important highways. John Laing has a 50% share in the project, making it joint equity investor and manager for the project. Notice to Proceed with construction was issued by FDOT on 1 February 2015 and an official groundbreaking ceremony was held on 17 February. Completion of construction is anticipated in 2021.
Olivier Brousse, John Laing Chief Executive, said:
"The I-4 Ultimate Project in Florida is our first major road project in the US, and we are delighted that our expertise in delivering high quality infrastructure assets has been recognised. Public-Private Partnerships are an effective mechanism for delivering much needed infrastructure projects around the world. We look forward to continuing to build on our success in the US.”
The IJGlobal Americas Awards are a celebration of best in class deals in energy and infrastructure over the past year, uniting over 500 of the industries’ finest in one evening. Award winners are recognised for performance, innovation and excellence.
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