Fluor Corporation (NYSE: FLR) announced today that Cibolo Creek Infrastructure, a Fluor-led joint venture, was selected by the Alamo Regional Mobility Authority (Alamo RMA) as the best value proposal team for the 281 North Toll project – the first added capacity tolled lane project in Bexar County, Texas. The Alamo RMA’s Board of Directors authorized staff to finalize contract negotiations with Fluor for the project.

The contract is expected to be in the range of $330 million. Fluor will book its 55 percent share when the negotiations are complete, the contract is signed and the project financing is in place, which is expected to be in the third quarter this year. Cibolo Creek Infrastructure will provide engineering, procurement and construction (EPC) services for the 281 North Toll project. There were two teams bidding for the project: the Fluor-led Cibolo Creek Infrastructure and a team led by Zachry Construction Corporation and Archer Western.

“Fluor and our employees are pleased at the prospect of beginning another important transportation project in the great State of Texas,” said Steve Dobbs, Fluor’s senior group president. “The 281 North Toll project is vital to the continued growth of the region around San Antonio. We look forward to working with the local citizens, stakeholders and businesses along the corridor to make the project a success for the entire community. Additionally, Fluor is nearing substantial completion on State Highway 130 in Travis and Williamson counties. These projects show our strength and commitment to growing the Texas economy where our company is headquartered.”

The 281 North Toll Project, which is located in the rapidly growing region around the City of San Antonio and Bexar County, includes the design and construction of approximately eight miles of a revised footprint for US 281 from Loop 1604 to the Bexar/Comal County Line. The new footprint, which expands the right of way from the current approximately 200 feet to more than 400 feet in sections, includes the construction of cashless, all-electronic, tolled express lanes in the center and the relocation/rebuilding of the non-tolled lanes. All of this must be completed in a currently congested corridor, making construction sequencing and maintenance of traffic essential.

Cibolo Creek Infrastructure is a 55/45 percent joint venture led by Fluor with Balfour Beatty Infrastructure Inc., and will include the services of a number of a number of local firms including HDR Engineering Inc; Raba-Kistner Consultants Inc., Guerra DeBerry Coody, Donze Lopez Public Affairs, Vickery & Associates Inc., Bain Medina Bain Inc., AIA Engineers Ltd. and Pinnacle Consulting Management Group Inc.

Overseen by a seven-member Board of Directors, the Alamo RMA includes a professional staff and consultant team that are committed to finding ways to empower the local community to take charge of its transportation future. The purpose of the Alamo RMA is to provide Bexar County with opportunities to accelerate needed transportation projects - through the direction of a local board making local choices about local mobility needs - that enhance the quality of life and economic growth for all residents in the region. For more information about the Alamo RMA, visit www.alamorma.org.

Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.

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