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**For further information,<br />

please see “Research and<br />

Development” on page 53.<br />

*For further information, please<br />

see www.turnerconstruction.<br />

com.<br />

84 Annual Report 2009<br />

HOCHTIEF Americas Division<br />

• Turner was again recognized as the number<br />

one general builder in the US<br />

• Stable civil engineering market generates new<br />

orders for Flatiron<br />

• US economic stimulus package delivers first<br />

contract<br />

• US subsidiaries achieve success as a team<br />

The global financial crisis and the resulting slowdown in<br />

the American building construction market made themselves<br />

felt in the HOCHTIEF Americas division in fiscal<br />

2009. The division’s companies nonetheless scored<br />

numerous successes in their market segments. Our<br />

subsidiary Turner retained its position as the top green<br />

builder in the US building construction market, among<br />

other accomplishments. In the stable civil engineering<br />

market in North America, our subsidiary Flatiron held a<br />

solid position as one of the top ten service providers in<br />

the bridge and road segments.<br />

Flatiron and Turner additionally benefited from the US<br />

economic stimulus package. The extension of Route<br />

905 in California is Flatiron’s first project financed out of<br />

the stimulus program. The package holds further potential<br />

contract opportunities for both companies.<br />

Turner*<br />

The industry publication Engineering News-Record<br />

again recognized Turner as the top general builder in the<br />

United States during the year under review. Although,<br />

as expected, the performance of the US construction<br />

market was weaker than in the prior year due to the financial<br />

crisis, Turner maintained its leadership position<br />

and secured new contracts thanks to the company’s<br />

specialized products and services.<br />

One example of the added value of these products and<br />

services is Building Information Modeling (BIM). With<br />

the help of a 3D model, this method allows construction<br />

risks to be identified and solved before construction<br />

starts, for example, in order to save time and money<br />

during the construction phase. Our subsidiary was recognized<br />

by US publication Building Design&Construction<br />

as a leader in utilizing the software tools for this virtual<br />

planning and construction model. Turner has already<br />

employed BIM successfully in more than 180 projects—<br />

most recently in the construction of the new Yankee<br />

Stadium and Middle Tennessee Medical Center, among<br />

other buildings.**<br />

Project highlights<br />

Education segment<br />

Our subsidiary Turner also holds the top position in the<br />

education market segment in the United States and executed<br />

numerous projects during the year under review.<br />

In Queens, New York, Turner is expanding and<br />

renovating a school and erecting a new school building<br />

for a total of EUR 63 million. The facilities are designed to<br />

be green buildings. Turner is also erecting a new school<br />

campus for EUR 61 million in Bronx, New York, which<br />

includes a new school center with classrooms, a library<br />

as well as administrative and catering facilities. The<br />

new campus will meet sustainability standards, and<br />

construction will be completed by 2012. In addition,<br />

Turner has been contracted to renovate facilities and<br />

construct new school buildings for five schools in Rochester,<br />

New York. The contract involves construction<br />

work valued at nearly EUR 47 million.<br />

In Los Angeles, Turner is building the Central Region<br />

High School for just on EUR 68 million. The school<br />

campus will measure approximately 20,000 square<br />

meters and provide 75 classrooms for more than 2,000<br />

students. The facility is also being constructed according<br />

to green building principles. For example, the high<br />

school will feature a tubular day-lighting system. The<br />

subsidiary Turner Logistics is providing procurement<br />

services for the project.<br />

Additionally, Turner has been awarded a contract to pro-<br />

vide construction services for Deloitte University in West-<br />

lake, Texas. The accounting and consulting firm will use<br />

the facility located on a property stretching out over more<br />

than 433,000 square meters as a learning and leadership<br />

development center for its employees. Deloitte will seek<br />

LEED Gold certification from the United States Green<br />

Building Council for the EUR 89 million project to be<br />

handed over to the client in 2011.<br />

The company is also handling construction management<br />

for the Constantine Papadakis Integrated Sciences Building,<br />

a new research center at Drexel University in Phila-

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