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Tue March 02 2021

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Skanska team lands $2.3bn Florida deal

25 Apr 14 A joint venture of Skanska USA Civil Southeast, Granite Construction and Lane Construction has been chosen for the US$2.32bn (£1.38bn) design and construction of the I-4 Ultimate project in Seminole County, Florida.

The Skanska-Granite-Lane JV is part of the I-4 Mobility Partners team, the concessionaire selected by the Florida Department of Transportation (FDOT) as the best value proposer for this public-private partnership contract.

Commercial and financial close, as well as a notice to proceed, is expected later this summer.

Scope of the project includes the reconstruction of 21 miles of I-4 in Seminole County. The I-4 Ultimate project adds four tolled express lanes while maintaining the existing free general-use lanes. Construction is expected to start in the first half of 2015, with estimated completion by end of 2021.

The concession agreement sets the concessionaire’s responsibility to design, build, finance, operate and maintain the facility for approximately 40 years.  

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