On December 13, 2012, the Texas Transportation Commission conditionally awarded the design-build and capital maintenance agreements for the IH 35E Managed Lanes Project to AGL Constructors, a joint venture comprised of Archer Western Contractors, LLC, Granite Construction Company and The LANE Construction Company. AGL Constructors was one of four teams the Texas Department of Transportation shortlisted for the project earlier this year. The other proposer teams included:

• Dallas to Denton Constructors, a joint venture comprised of Zachry Construction Corporation and SNC-Lavalin Transportation USA, Inc.
• IH 35E Infrastructure, a joint venture comprised of Ferrovial Agromán S.A., Webber, LLC and Texas Sterling Construction Co.
• Northern Link Constructors, a joint venture comprised of Fluor Enterprises, Inc., Balfour Beatty Infrastructure, Inc. and Kiewit Infrastructure South. Co.

All four shortlisted teams submitted technical and price proposals on November 12 and 19, respectively. AGL Constructors proposal was determined to offer the best value to the state of Texas based on price and various technical criteria. Final award to AGL Constructors is conditioned upon successful completion of negotiations and finalization of the agreements, as well as compliance with various legislative conditions to execution of the agreements. Commercial close is anticipated to occur early next year.

The IH 35E Managed Lanes Project is the first phase in a multi-phase program to relieve traffic congestion along an existing 28-mile corridor of IH 35E in Dallas and Denton Counties. The scope of the design-build contract includes the design and construction of tolled managed lanes, general purpose lanes, collector-distributor roads and bridges. The scope of the capital maintenance agreement includes the optional long-term maintenance of the project’s managed lanes component.

A copy of TxDOT's press release can be found on the TxDOT website.