Traffic Technology TodayTraffic Technology Today
  • News
    • A-D
      • Appointments & Staffing
      • Asset Management
      • Autonomous Vehicles & ADAS
      • Awards
      • Cloud Computing
      • Congestion Reduction
      • Connected Vehicles
      • Covid-19
      • Cybersecurity
      • Data & Modeling
      • Deals, Acquisitions & Mergers
    • E-J
      • Electric vehicles & infrastructure
      • Emissions & Low Emission Zones
      • Enforcement
      • Event News
      • Funding
      • Incident Detection
      • Infrastructure
      • Intersections & Traffic Signals
      • ITS
    • K-S
      • Legal / Government Regulation
      • Machine Vision / ALPR
      • Mapping
      • Mobility as a Service
      • Multimodality & Micromobility
      • Planning, Testing, R&D
      • Public transit
      • Safety
      • Smart Cities
      • Smart Parking
    • T-Z
      • Tolling
      • Traffic counting & categorization
      • Traffic Management
      • Traveler Information Systems
      • Tunnels & Bridges
      • Variable Message Signs
      • Vulnerable Road Users
      • Weather systems
  • Features
    • Features
    • Opinion
  • Online Magazines
    • September 2023
    • May 2023
    • March 2023
    • Nov/Dec 2022
    • September 2022
    • Archive Issues
    • Subscribe Free!
    • > Tolltrans
  • Videos
  • Audio
    • The Transportation Podcast
    • Additional Audio
  • Events
  • Webinars
  • Technology Profiles
LinkedIn YouTube X (Twitter)
LinkedIn YouTube X (Twitter)
Subscribe >
Traffic Technology TodayTraffic Technology Today
  • News
      • Appointments & Staffing
      • Asset Management
      • Autonomous Vehicles & ADAS
      • Awards
      • Cloud Computing
      • Congestion Reduction
      • Connected Vehicles
      • Covid-19
      • Cybersecurity
      • Data & Modeling
      • Deals, Acquisitions & Mergers
      • Electric vehicles & infrastructure
      • Emissions & Low Emission Zones
      • Enforcement
      • Event News
      • Funding
      • Incident Detection
      • Infrastructure
      • Intersections & Traffic Signals
      • ITS
      • Legal / Government Regulation
      • Machine Vision / ALPR
      • Mapping
      • Mobility as a Service
      • Multimodality & Micromobility
      • Planning, Testing, R&D
      • Public transit
      • Safety
      • Smart Cities
      • Smart Parking
      • Tolling
      • Traffic counting & categorization
      • Traffic Management
      • Traveler Information Systems
      • Tunnels & Bridges
      • Variable Message Signs
      • Vulnerable Road Users
      • Weather systems
  • Features
    • Features
    • Opinion
  • Online Magazines
    1. September 2023
    2. May 2023
    3. March 2023
    4. Nov/Dec 2022
    5. September 2022
    6. Archive Issues
    7. Subscribe Free!
    8. > Tolltrans
    Featured
    September 15, 2023

    In this Issue – September 2023

    Online Magazines By Tom Stone
    Recent

    In this Issue – September 2023

    September 15, 2023

    In this Issue – May 2023

    May 4, 2023

    In this Issue – March 2023

    March 20, 2023
  • Videos
  • Audio
    • The Transportation Podcast
    • Additional Audio
  • Events
  • Webinars
  • Technology Profiles
LinkedIn YouTube X (Twitter)
Traffic Technology TodayTraffic Technology Today
Partnerships, Acquisitions & Mergers

Israeli company wins first major USA contract

Tom StoneBy Tom StoneMarch 5, 20152 Mins Read
Share LinkedIn Twitter Facebook Email

A leading Israeli construction and infrastructure company has won its first major project in the USA. Shikun & Binui Ltd is part of the Blueridge Transportation Group consortium, along with ACS and InfraRed Capital Partners, which has won a Public Private Partnership (PPP) project to design, build, finance, operate and maintain toll lanes on SH-288 in Harris County, for the Texas Department of Transportation (TxDOT). The US$1bn project has construction costs of approximately US$800m, with Shikun & Binui, as a 50% member of the construction joint venture, expected share in build revenues of approximately US$400m. The Blueridge proposal was announced as the best value proposal by TxDOT, which also received bids from two other Spanish-led consortia.

The consortium will now proceed to execute the concession agreement with TxDOT and complete the financing for the project. The consortium will design, build, operate and maintain the toll lanes along 10.3 miles (16.6km) of State Highway 288 near the Houston metropolitan area during the 52-years concession period, and will collect tolls from the toll lanes users. The design and construction works will include: four-lane tolled express lanes in the median of the existing highway; the reconstruction of a major interchange and multiple bridges; and the installation of an electronic toll collection (ETC) system. The duration of the construction phase is expected to be approximately three years.

This is the first major project win since Shikun & Binui established operations in the USA in 2012, as part of the Group’s strategy to expand operations to the Americas. This is another major project win in a series of global infrastructure projects awards to the company in the past year, including the project for the design, build, finance, operation and maintenance of a toll road as part of the ring-road around Bogota, Colombia, totaling US$550m.Tal Raz, CFO of Shikun & Binui, commented, “This win proves that we have the know- how to set a goal and achieve it. About three years ago, we inaugurated the USA headquarters for managing infrastructure projects in North America. We are pleased to report the first mega project won by the US team, where we can bring our extensive experience in all stages of large scale complex PPP projects, starting from securing a timely financial closing, to high quality construction according to the best industry practices, followed by long-term operation and maintenance to the highest standards throughout the term of the project.”

Share. Twitter LinkedIn Facebook Email
Previous ArticleNew level controllers introduced for indoor parking systems
Next Article New Apple patent will allow route finding around wireless blackspots
Tom Stone

Tom has edited Traffic Technology International (TTi) magazine and its Traffic Technology Today website since May 2014. During his time at the title, he has interviewed some of the top transportation chiefs at public agencies around the world as well as CEOs of leading multinationals and ground-breaking start-ups. Tom's earlier career saw him working on some the UK's leading consumer magazine titles. He has a law degree from the London School of Economics (LSE).

Related Posts

Partnerships, Acquisitions & Mergers

Econolite acquires RAI Products broadening its ITS solutions portfolio

November 29, 20232 Mins Read
Partnerships, Acquisitions & Mergers

C-ITS pioneer Monotch partners with smart camera firm Avutec

September 28, 20232 Mins Read
Connected Vehicles

Monotch and TraffGo Road announce connected infrastructure partnership

August 31, 20231 Min Read
Latest Posts

OPINION: Why we don’t need to fear AI and machine learning

November 29, 2023

USDOT’s new interactive map shows cost/benefit of ITS nationwide

November 29, 2023

AUDIO: Why endangered species must be protected during road construction

November 29, 2023
FREE WEEKLY NEWS EMAIL!

Get the ‘best of the week’ from TrafficTechnologyToday.com direct to your inbox every Thursday


Supplier Spotlight
  • triple sign system AB
    Triple Sign System AB
Our Social Channels
  • Twitter
  • YouTube
  • LinkedIn
Getting in Touch
  • Free Email Newsletters
  • Contact Us
  • Meet the Editors
  • Supplier Spotlight

Upcoming Events

Jan 7
7th January 2024 - 11th January 2024

TRB Annual Meeting

Jan 9
9th January 2024 - 12th January 2024

CES 2024

Apr 16
16th April 2024 - 19th April 2024

Intertraffic Amsterdam

View Calendar
© 2023 Mark Allen Group Ltd | All Rights Reserved
  • Cookie Policy
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.