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FCC consortium reaches commercial close on target price transit project
FCC Canada Ltd, a subsidiary of FCC Construccion, announced today that an FCC consortium has completed the collaborative development phase and reached commercial close on a progressive design-build transit project. The implementation phase will now commence under a target price contract and FCC will add its approximately over 2.800 millions de dollars share of the contract to its Construction segment backlog.
About FCC Construcción
With cumulative experience of 125 years, the infrastructure area of the FCC Group is present in 24 countries and its activities cover all areas of engineering and construction. FCC Construcción through its subsidiary FCC Canada has been present in Canada for more than 25 years.
FCC Construcción is currently the fourth largest construction company in Spain, in terms of contract volume, and in the top 30 in the world according to the ranking by the international magazine, ENR (Engineering News-Record). It has a proven track-record in implementing projects under the concession regime and has a group of companies dedicated to the industrial sector, grouped together under the FCC Industrial brand, as well as other activities related to the construction sector. It is a leader in implementing transport infrastructure, as well as residential and non-residential construction.