North Carolina deal for joint venture partners

Lane Construction and Blythe Construction are working in joint venture on a project to extend the Triangle Expressway in North Carolina. The US$403 million project will take until 2022 to complete and is complex as it includes building 29 bridges. The 13km highway stretch, NC 540, will link US 401 with Interstate 40 and will feature three lanes in either direction. The aim of the project is to lower traffic congestion around the city of Raleigh. The new highway stretch will be built using 290,000m2 of concrete and 135,000tonnes of asphalt, also requiring 5 million m3 of earthmoving work.

The deal is of note for French firm Eurovia as Blythe Construction is one of its two US subsidiaries (along with Hubbard Construction) and the deal will further raise its presence in the Eastern US.