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ACS Signs Mid-Currituck Plan Agreement

05-08-2009 | Source: Project Finance

The North Carolina Turnpike Authority and the ACS-led Currituck Development Group have signed a pre-development agreement for the Mid-Currituck Bridge. The agreement covers the initial development work on the bridge, which would connect the state's mainland with its outer banks.

The mandate covers the completion of the design, traffic study, and financial structure of the project. If the authority decides to go ahead with a design-build-finance-maintain concession, it might choose to negotiate this concession with the ACS grouping.

Currituck Development includes ACS, its subsidiaries Dragdos and Iridium, Lochner-MMM, Traylor Bros and Weeks Marine. It fought off competition from Bechtel-, Hochtief- and Skanska-led groups to come on top of the shortlist of bidders. The bridge, 11.2 kilometers, would be the longest in the state and connect US158 near the town of Aydlett with NC-12 on the Outer

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