Fluor Team Receives Final Notice to Proceed from NTTA on Texas SH 161 Extension

Fluor Corporation (NYSE: FLR) announced today that Prairie Link Constructors (PLC), a Fluor-led joint venture with Balfour Beatty, received final notice to proceed (FNTP) from the North Texas Tollway Authority (NTTA) for the State Highway 161 Tollway project in the greater Dallas/Fort Worth region. The contract value is $416 million. Fluor will book the project into backlog in the first quarter of 2010.

NTTA selected the Fluor team in August 2009 after a highly competitive bidding process. Since then, the parties have finalized and executed the contract, which has been approved by the Texas Department of Transportation and the Federal Highway Administration.

NTTA’s Board of Directors passed resolutions to move forward with the SH 161 project, which led to the issuance of the final two NTPs (NTP2 and NTP3). NTP2 is for construction that facilitates the SH 161 crossing under the Union Pacific Railroad corridor. NTP3 is the full release of the remainder of the detailed design and construction.

"We are excited to be able to reach this important milestone and to be able to fully move forward with this noteworthy project,” said Patrick Flaherty, head of Fluor’s Infrastructure business line. "As with every one of our projects, we will focus on delivering this project on schedule and by maintaining the strongest safety record for both commuters and our project team. We also look forward to working with the local contracting community and creating opportunities for small, disadvantaged, minority-, and women-owned businesses to participate in the project.”

The SH 161 Tollway project is scheduled to be completed in the fourth quarter of 2012. PLC’s scope includes planned corridor improvements of two tolled, managed lanes in each direction from north of Interstate Highway 30 down to Interstate Highway 20 which is approximately 6.5 miles, as well as major multi-level interchanges at both interstates.

Prairie Link Constructors is a 60:40 percent joint venture led by Fluor with Balfour Beatty Infrastructure Inc., and will include the services of a number of firms including: AECOM (lead design), PSI (independent quality assurance/control), and Hicks and Company (independent environmental compliance).

About NTTA

The North Texas Tollway Authority (NTTA) is keeping pace with the regional demand for transportation through expansion of North Texas’ toll road system and implementation of improved technologies. The NTTA, a political subdivision of the State of Texas under Chapter 366 of the Transportation Code, is empowered to acquire, construct, maintain, repair and operate turnpike projects; to raise capital for construction projects through the issuance of Turnpike Revenue Bonds; and to collect tolls to operate, maintain and pay debt service on those projects.

The Authority has representatives from Collin, Denton, Dallas and Tarrant counties, as well as one surrounding county, on its Board of Directors. For more information, visit www.ntta.org.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenues of $22 billion in 2009. For more information visit www.fluor.com.