Denver Regional Transportation District Chooses Fluor Team for Eagle Commuter Rail Project

Fluor Corporation (NYSE: FLR) announced today that Denver Transit Partners (DTP), a team jointly led by Fluor and Macquarie Capital Group Limited (Macquarie Capital), was chosen as the preferred bidder by the Regional Transportation District (RTD) in Denver, Colorado, to design, build, operate, maintain and finance the Eagle P3 commuter rail project (Eagle Project) in the Denver metropolitan area. Fluor will book the project into backlog when the contract is signed and all financing has been secured, which is expected to be before the end of 2010.

The Eagle Project is part of RTD’s FasTracks Plan, a 12-year, multi-billion dollar transit expansion program to build and operate new commuter and light rail services and expand transportation offerings throughout the eight-county area. The Eagle Project is a public private partnership that includes:

• East Corridor: a new 23.6 mile commuter rail line from Union Station to Denver International Airport;
• Gold Line: a new 11.2 mile commuter rail line from Union Station to Wheat Ridge;
• A two mile initial segment of the Northwest Rail Corridor;
• Approximately 50 new electric-powered commuter railcars; and
• A new commuter rail maintenance facility.

Fluor’s roles on the project include a 50 percent share of the engineering, procurement and construction contract; a 33 percent share in the operations & maintenance contract as well as a 10 percent equity share in the concession’s special purpose vehicle that will raise the financing to fund the project.

"This is a significant, prestigious and strategic selection,” said Patrick Flaherty, head of Fluor’s Infrastructure business. "We expect this to be the first of many public private partnership transit projects procured under the availability method in the U.S. in the coming years. We are delighted to have been selected by the Denver RTD. Our entire team is looking forward to helping the RTD realize its FasTracks vision and we are committed to working closely with local businesses and other stakeholders to involve them in the project and increase the long-term competitiveness of the Denver area,” said Flaherty.

Led by Fluor and Macquarie Capital, the DTP team includes a world-class group of transit industry experts including Balfour Beatty Rail, Ames Construction, Hyundai-Rotem USA (Hyundai), Alternative Concepts, Inc. (ACI), Fluor/HDR Global Design Consultants, PBS&J, Parsons Brinckerhoff, Interfleet Technology, Systra, Wabtec and many others.

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.