Fluor Corporation (NYSE: FLR) and its joint venture partner, Balfour Beatty, joined the Texas Department of Transportation (TxDOT), local officials and community stakeholders yesterday to celebrate the opening of the Oak Hill Parkway project in southwest Austin, Texas. The milestone marks the delivery of a major transportation improvement project that enhances mobility, safety and connectivity along one of the region’s most heavily traveled corridors.

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Dignitaries celebrate the opening of the Oak Hill Parkway in Austin, Texas

The $677 million Oak Hill Parkway project, part of TxDOT’s Clear Lanes initiative, reconstructed and widened approximately seven miles of U.S. 290 and SH 71 through Oak Hill from two to three mainlanes in each direction. Oak Hill serves as an important gateway between Austin and the rapidly growing communities west of the city.

“Oak Hill Parkway is a testament to the power of partnership and our shared commitment to delivering infrastructure that strengthens communities and supports economic growth,” said Shawn West, President of Fluor’s Infrastructure business. “Working alongside TxDOT and our project partners, we have transformed a critical transportation corridor that will improve the daily travel experience for thousands of Texans for years to come.”

Since construction began in 2021, the project has delivered extensive transportation improvements designed to reduce congestion, improve safety and enhance regional connectivity. Key project features include direct-connect flyovers between U.S. 290 and SH 71, new U.S. 290 overpasses at William Cannon Drive, and the replacement of the former Y-interchange with a more efficient single-point urban interchange configuration. Additional improvements include new frontage roads, as well as bicycle and pedestrian accommodations, including shared-use paths throughout the corridor.

The improved roadway system is now fully open to traffic, providing immediate benefits to motorists and the surrounding community. Final project activities, including landscaping, paving and striping will continue, with final completion anticipated by the end of the year.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 23,500 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.5 billion in 2025 and is ranked 292 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

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“Oak Hill Parkway is a testament to the power of partnership and our shared commitment to delivering infrastructure that strengthens communities and supports economic growth.” - Shawn West, President of Fluor’s Infrastructure business