availability contract

Florida DOT has chosen a group led by ACS Infrastructure Development (ACSID) for an availability contract to redevelop I-595 in the Fort Lauderdale area with new toll lanes, bus lanes and improved interchanges in a deal that will cost $1,796 million. ACSID will provide the equity under which the group also including another Spain based toll and construction company Dragados and a Florida builder will design, build, finance, operate and maintain the facility for 35 years.