Fluor Corp., Irving, Texas, said on Oct. 29 it will take a $95-million charge in the third quarter after a court ruled the firm’s claim against the bankrupt operator of the SR-125 toll road in California would not take priority over other lenders owed money. The engineer-contractor was in a joint venture with Washington Group, now part of URS Corp., that built the road in 2009 for South Bay Expressway Ltd. That joint venture filed for Chapter 11 protection in March, citing inadequate revenue. Fluor said it is taking the write-down because the ruling hurts its ability to collect any
Arch dams, classically curved monoliths situated in narrow valleys, are not as common as other types of dams, such as embankment dams and gravity dams. ENR takes a look at some of the biggest arch dams in the world, both completed and under construction.