THIS INFORMATION FROM A NEWS RELEASE SENT TO THE WWAY NEWSCHANNEL 3 NEWSROOM
RALEIGH, NC (NCDOT) — NC Department of Transportation Secretary Gene Conti has awarded a contract to make improvements to the Cape Fear Memorial and Isabel Holmes Bridge in Wilmington.
The $4.7 million contract was awarded to TIC – The Industrial Company Inc. of Savannah, Ga. The work on the Isabel Holmes Bridge includes rehabilitating the electrical system and improving various mechanical parts. The work on the Cape Fear Memorial Bridge includes replacing cables and the live load bearings, which are what the lift span bridge rests on when it is in the down position.
The improvements can begin as early as Dec. 1, with final completion no later than May 18, 2012.
This is one of seven contracts totaling $52.8 million awarded by Conti for highway and bridge projects across North Carolina. The contracts were awarded to the lowest bidders, as required by state law, and came in 2 percent, or about $1.1 million, below NCDOT estimates.
According to the Federal Highway Administration, every $1 million spent on transportation creates 30 jobs, and according to the construction industry, every dollar invested in transportation generates $6 in economic impact.