Key Highlights:

• Lane Construction wins $207.8M contract for taxiway repairs at NAS Oceana.

• Awarded by NAVFAC MIDLANT, project includes Phase I and II of Taxiway Alpha and more.

• Completion expected by early 2028, starting in fall 2024.

• Continues Lane's strong presence in the Mid-Atlantic region.

• Recent major contracts include the I-64 HREL and 495 NEXT in Virginia.

Source (Direct)

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Our Take:

Lane Construction's recent win of the $207.8 million contract for taxiway repairs at NAS Oceana underscores its robust presence and reputation in the Mid-Atlantic region. This project, spanning multiple phases and significant infrastructure work, highlights Lane's expertise in handling complex civil infrastructure projects. The timeline set for completion by early 2028 suggests a meticulous approach to project management and execution, ensuring minimal disruption at this crucial naval air station. This contract, awarded by NAVFAC MIDLANT, further cements Lane's relationship with the U.S. Navy and showcases its capability to deliver on large-scale military infrastructure projects. The continuous stream of major contracts in Virginia, including the recent $110 million HREL and the $441 million 495 NEXT projects, positions Lane as a key player in enhancing the state's transportation infrastructure. Lane Construction’s enduring commitment to innovation and sustainable development, as reflected in its various ongoing projects, will likely contribute significantly to the region's economic growth and infrastructural resilience. This latest win not only enhances Lane’s project portfolio but also reinforces its status as a leader in the construction industry.