Balfour Beatty has been awarded a £75m ECI deal two years ahead of construction starting on the A63 Castle Street Hull improvement scheme.
The A63 improvement scheme has been lobbied for by industry and the CBI as a crucial project in the roads pipeline for contractors.
Its overall value has been put at between £129m and £192m by the Highways Agency.
In May 2012, roads minister Mike Penning said funding would be provided in the current spending review period to develop the scheme.
The 1.5 km project in the centre of Hull involves conversion of a major interchange into a split-level junction with a two-lane dual carriageway carrying east-west traffic below north-south traffic in a new 400 m underpass.
Two new bridges will link the south and north of the city for pedestrians, cyclists and disabled users.
The contractor will manage detailed design and development and assist with statutory consultations for the improvements, which would enable it to begin construction in 2016/17.
Balfour Beatty Construction Services UK chief executive Nick Pollard said: “This award to improve journey times on the main route through Hull builds upon our 20-year portfolio of work for the Highways Agency and our extensive experience of successful delivery of ECI contracts, including the recent A3 Hindhead Tunnel and A46 Newark to Widmerpool projects, through which we were able to deliver substantial cost efficiencies to the Highways Agency.”
The contract builds on a deal awarded to the firm last month to carry out the £129m M3 upgrade deal, a project first set out for ‘speedy’ construction by the government in November 2012 which will now complete two years later than initially planned.
The Highways Agency said it was working with Hull City Council to try and get some work delivered early, including the construction of the proposed footbridges.