Financial News
Fluor Joint Venture Completes Union Square Branch of Boston Green Line Extension
Line Opens to the Public for Ridership
Fluor Corporation (NYSE: FLR) announced that its joint venture team Green Line Extension Constructors, comprised of Fluor, Balfour Beatty Infrastructure, Inc., Herzog Contracting Group and The Middlesex Corp., has completed construction of the Union Square Branch of the Green Line Extension light rail project for the Massachusetts Bay Transportation Authority (MBTA) and it is now open to the public.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220322005822/en/
Community partners, including the Fluor-led joint venture, mark the opening of the first branch of the Green Line Extension (GLX) Project connecting Cambridge and the City of Somerville with rail service. (Photo: Business Wire)
“Safe and reliable infrastructure is vitally important to local, state and regional commerce,” said Thomas Nilsson, president of Fluor’s Infrastructure business. “Boston is one of the most vibrant cities in the United States and when this project is fully completed, it will help to improve transportation access for residents and visitors of the greater Boston area. The addition of the Union Square station provides first-time access for those in the City of Somerville just north of Boston.”
The 0.7-mile line is the first of two distinct branch lines to open as part of the Green Line Extension project, running from the new and relocated Lechmere Station in Cambridge to Union Square in Somerville. The second line of the 4.7-mile project, the four-mile mainline branch, is scheduled to open later this year. It includes the addition of a large vehicle storage and maintenance facility and the extension of the community path from Somerville into Cambridge.
The Green Line Extension will greatly improve local and regional mobility by offering a one-seat ride to downtown Boston, address longstanding transportation concerns, result in fewer automobiles on local roads and help to combat greenhouse gas emissions and other components of air pollution. The project will also support municipal plans for sustainable growth and urban redevelopment and provide residents with faster rides to jobs and other destinations.
The projected daily ridership at the seven stations is estimated to be 45,000 by 2030.
Construction began in 2018.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 41,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $12.4 billion in 2021 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220322005822/en/
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