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KBR CONSORTIUM SELECTED AS PREFERRED BIDDER FOR
RATHCORMAC-FERMOY BYPASS
LONDON - KBR in a consortium known as DirectRoute, has been selected by the National Roads Authority in Ireland as the preferred bidder for N8 Rathcormac-Fermoy bypass. KBR is the engineering, construction and services subsidiary of Halliburton (NYSE:HAL).
John Evans, COO for KBR's Infrastructure business in Europe & Africa said, 'This award builds on our expertise as a leading player in PPP projects in the roads sector and further establishes our presence in Ireland. We are delighted to be working with the NRA on this strategically important infrastructure project.'
The N8 road connects Cork to Portlaoise and forms part of the strategic link between Cork and Dublin. The N8 Rathcormac-Fermoy bypass comprises the construction of approximately 17.5 km of two-lane motorway together with associated interchanges and local road realignments and includes a 450 m long viaduct spanning across the Blackwater Valley.
The DirectRoute consortium consists of KBR Ltd, Strabag AG, John Sisk & Son (Holdings) Ltd, Lagan Holdings Ltd, Roadbridge Ltd. and the First Irish Infrastructure Fund (a joint AIB/European Investment Bank fund established for the purpose of investing in PPP projects and private sector infrastructure developments in Ireland and across Europe).
Bank funding to the consortium is being provided by KBC, ING, AIB and the European Investment Bank.
The award of this contract is expected by Summer 2004.
KBR is the construction supervisor for the Dublin Port Tunnel project and is a partner in the Road Management Group which has four design-build-finance-operate PFI road concessions in the UK.
KBR is a global engineering, procurement and services company. Whether designing a chemical plant, serving as a defence industry contractor, or providing capital construction, KBR delivers world-class service and performance. KBR employs 64,000 people in 43 countries around the world.
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction business segments. The company's World Wide Web can be accessed at www.halliburton.com.
Contact
Ken Beedle
ken.beedle@halliburton.com
KBR
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