Fluor to reconstruct 8 miles of U.S. Highway 183 on one of Austin’s most important arterial roadways

Fluor Corporation (NYSE: FLR) announced today that it was awarded a 4-year design-build contract by the Central Texas Regional Mobility Authority (Mobility Authority) to provide design and construction services valued at $581 million for the Bergstrom Expressway Project located in Austin, Texas. The Fluor-led joint venture, Colorado River Constructors, a partnership with Balfour Beatty Infrastructure, will design and reconstruct approximately 8 miles of U.S. Highway 183 from U.S. Highway 290 in Austin, to State Highway 71 near the Austin Bergstrom International Airport. Fluor will book the contract value in the second quarter of 2015. The project is expected to break ground in 2016 with construction set to continue into 2020.

The Bergstrom Expressway Project will add capacity to one of Austin’s most important arterial roadways which serves more than 60,000 vehicles a day. The project scope of work includes the design and construction of six tolled lanes (three in each direction) located in the median of U.S. 183, upgrades to the general purpose lanes, five grade-separated interchanges, four new bridges, two new direct connect flyover ramps and the installation of intelligent traffic management systems. Improvements and upgrades to major interchanges along the corridor such as bike and pedestrian sidewalks with shared-use paths are also included.

“The Fluor-Balfour joint venture is proud to have been selected for this contract continuing our 14-year relationship with Balfour in Texas. We look forward to successfully delivering the project in partnership with the Mobility Authority,” said Terry Towle, president of Fluor’s infrastructure business. “We have a strong track record of delivering safe projects with innovative and integrated solutions to our clients. The Bergstrom Expressway Project represents Fluor’s commitment to providing the most significant improvements to the U.S. Highway 183 corridor since the mid-1960s.”

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering and construction firm that designs and builds some of the world's most complex projects. The company creates and delivers innovative solutions for its clients in engineering, procurement, fabrication, construction, maintenance and project management on a global basis. For more than a century, Fluor has served clients in the energy, chemicals, government, industrial, infrastructure, mining and power market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With 40,000 employees worldwide, the company's revenue for 2014 was $21.5 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.

Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222

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