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May-03-2012 14:46TweetFollow @OregonNews
Agreement Reached on US 20 Eddyville-Pioneer Mountain Road Construction ProjectSalem-News.com
Construction on Hwy 20, a popular route to the Oregon coast, will restart this summer.
(SALEM, Ore.) - The Oregon Department of Transportation (ODOT) announced today that an agreement has been reached with Granite Construction Company’s joint venture, Yaquina River Constructors (YRC) to terminate the US 20: Pioneer Mountain to Eddyville Design Build contract.
Terms of the agreement include that YRC will pay ODOT $15 million dollars, both parties will waive claims against each other, and the Notice of Default ODOT issued to YRC in March of this year will be rescinded.
YRC will no longer have the contractual obligation to complete the project and will demobilize from the project site in an orderly manner.
ODOT determined that the settlement with YRC was in the best interests of the State in order to avoid the delay and costs of protracted litigation and to allow ODOT to move forward with construction on the US 20 Pioneer Mountain to Eddyville project this summer.
For more information, see also: ODOT Issues Notice of Default to Design Builder on US 20
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