en.Wedoany.com Reported - The Texas Department of Transportation recently selected Ferrovial Construction–Webber 99, a joint venture between Ferrovial and Webber, to be responsible for the design, construction, and maintenance of the approximately 15-mile Segment B-1 of the SH 99 Grand Parkway in southeast Houston, with a contract value of approximately $1.47 billion.

The total contract amount includes a $1.438 billion design-build contract and a $28.25 million capital maintenance agreement covering years 1 through 15. Final approval is pending consent from the Federal Highway Administration, with contract signing expected this summer. The highway construction project is scheduled for substantial completion by the winter of 2031 to 2032.

This highway construction project will extend the 184-mile Grand Parkway loop in southeast Houston, traversing Brazoria County and Galveston County. The scope of work includes constructing four new TxDOT-operated toll lanes and discontinuous frontage roads along an approximately 15-mile segment between FM 2403 and FM 646, building two direct connector ramps at the SH 99/SH 35 interchange, and implementing approximately 5.9 miles of operational improvements along SH 35. According to TxDOT, this highway construction project aims to enhance safety and mobility, support regional economic development, and strengthen hurricane evacuation capabilities.

Ferrovial Construction CEO Ignacio Gaston stated that this contract expands the company's existing presence in the corridor. The highway construction project also involves over 2 million square feet of bridge structures, 10 million square feet of pavement, and more than 1 million square feet of retaining walls, requiring substantial earthwork to elevate the corridor above the area's water table. Ferrovial holds a 70% stake in the joint venture, with Webber, LLC holding the remainder. Grand Parkway Transportation Company will fund the tolled facilities through a combination of toll revenue, debt, and available cash, with an additional $186.8 million in TxDOT funding allocated to cover the non-tolled portion of the work along SH 35.

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