OKLAHOMA CITY (AP) — The Oklahoma Transportation Commission has approved its largest-ever single contract — a $71 million project that involves the reconstruction of two interchanges along Interstate 35 in Norman.
The commission voted unanimously on Monday to approve the contract, which includes the Lindsey Street and State Highway 9 intersections with I-35. The winning bid for $71.1 million was submitted by Tulsa-based Sherwood Construction Co., Inc. The project is expected to take two-and-a-half years to complete.
Although the base contract is for $71 million, Sherwood can earn financial incentives totaling more than $1.7 million by completing phases of the project ahead of schedule.
The project will expand the interstate from four lanes to six lanes and involve the construction of new bridges at both intersections.