Hubbard Group News

Estimated Final Contract Amount: $109.5 million
Owner: FDOT
Start Date: November 2009
Projected Completion Date: Summer 2014
Location: Clearwater, Fla

US 19 is Hubbard’s first build-finance project. What makes this project unique is that Hubbard has agreed to finance portions of the project and FDOT will pay the money back in installments.

Project Specs:

A 2.4 mile section of US 19 will be converted to a six lane limited access roadway with two lane frontage roads added northbound and southbound. The contract consists of 190,000 CY of excavation, 450,000 CY of embankment, 42,000 feet of storm drain pipe, 420 drainage structures, five bridges, 65,000 tons of asphalt, extensive water, sewer and other utility relocations, MSE walls, lighting, ITS and signing.

Blythe Construction was awarded the 5.1 mile extension of Charlotte’s urban interstate loop, I-485, which extends from Old Statesville Road to I-85. Blythe will build the highway as a Design-Build-Finance project. Under this model, Blythe Construction accepted an extended payment schedule, securing funds if necessary. Therefore, Blythe will complete the project in four and a half years and North Carolina will pay the company over five and a half years.

Work on the $140 million contract is slated to be complete by late December 2014. Work includes 3.4 million cubic yards of mass grading, 17 bridges, 5 box culverts, 500 thousand square yards of concrete paving and 225 thousand tons asphalt paving.