{"id":136379,"date":"2026-05-13T15:11:51","date_gmt":"2026-05-13T13:11:51","guid":{"rendered":"https:\/\/newsroom.ferrovial.com\/?post_type=press_release&#038;p=136379"},"modified":"2026-05-13T16:04:58","modified_gmt":"2026-05-13T14:04:58","slug":"ferrovial-awarded-sh-99-grand-parkway-construction-project-in-texas-valued-at-1-5-billion","status":"publish","type":"press_release","link":"https:\/\/newsroom.ferrovial.com\/en\/press-releases\/ferrovial-awarded-sh-99-grand-parkway-construction-project-in-texas-valued-at-1-5-billion\/","title":{"rendered":"Ferrovial awarded SH 99 Grand Parkway construction project in Texas, valued at $1.5 billion"},"content":{"rendered":"    <section class=\"wysiwyg text-editor \" id=\"\">\n        <div class=\"container container--narrow container--p-10\">\n            <p><a href=\"http:\/\/Ferrovial, a leading global infrastructure company, has been selected by the Texas Department of Transportation (TxDOT) to design, build, and maintain the SH 99 Grand Parkway Segment B-1 project southeast of Houston, Texas. Valued at approximately $1.47 billion, the nearly 15-mile construction project spans Brazoria and Galveston Counties and marks a significant milestone in the continued expansion of the 184-mile Grand Parkway loop.  \u201cWe\u2019re proud to work with TxDOT on this important project for the growing Houston region. This award reflects our shared commitment to delivering high quality infrastructure that serves Texas communities,\u201d said Ignacio Gaston, Ferrovial Construction CEO. \u201cBuilding on our success with SH 99 Segments H and I 1, we look forward to enhancing mobility and connectivity across southeast Texas.\u201d  Segment B-1 will be delivered under a design-build contract with a capital maintenance term of up to 15 years and includes: \u2022\tConstruction of four new tolled lanes operated by TxDOT \u2022\tDiscontinuous frontage roads \u2022\tDirect connectors at SH 35 and the new SH 99 \u2022\tOperational upgrades to SH 35   The project will relieve congestion, improve regional travel reliability, and support economic growth, while also enhancing emergency and hurricane evacuation capacity. Final contract execution is anticipated this summer, with substantial completion targeted for winter 2031\u20132032.\" target=\"_blank\" rel=\"dofollow noopener\"><strong>Ferrovial<\/strong><\/a>, a leading global infrastructure company, has been selected by the Texas Department of Transportation (TxDOT) to <strong>design, build, and maintain the SH 99 Grand Parkway Segment B-1 project southeast of Houston, Texas<\/strong>. Valued at approximately $1.47 billion, the nearly <strong>15-mile construction project<\/strong> spans Brazoria and Galveston Counties and marks a significant milestone in the <strong>continued expansion of the 184-mile Grand Parkway loop<\/strong>.<\/p>\n<p>\u201cWe\u2019re proud to work with TxDOT on this important project for the growing Houston region. This award reflects our shared commitment to delivering high\u2011quality infrastructure that serves Texas communities,\u201d said Ignacio Gaston, Ferrovial Construction CEO. \u201cBuilding on our success with SH 99 Segments H and I\u20111, we look forward to <strong>enhancing mobility and connectivity across southeast Texas<\/strong>.\u201d<\/p>\n<p>Segment B-1 will be delivered under a<strong> design-build contract<\/strong> with a capital maintenance term of up to 15 years and includes:<\/p>\n<ul>\n<li>Construction of <strong>four new tolled lanes<\/strong> operated by <a href=\"https:\/\/www.txdot.gov\/\" target=\"_blank\" rel=\"nofollow noopener\">TxDOT<\/a><\/li>\n<li>Discontinuous frontage roads<\/li>\n<li>Direct connectors at SH 35 and the new SH 99<\/li>\n<li>Operational upgrades to SH 35<\/li>\n<\/ul>\n<p>The project will <strong>relieve congestion<\/strong>, improve regional travel reliability, and <strong>support economic growth<\/strong>, while also <strong>enhancing emergency and hurricane evacuation capacity<\/strong>. Final contract execution is anticipated this summer, with <strong>substantial completion targeted for winter 2031\u20132032<\/strong>.<\/p>\n        <\/div>\n    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