Struggling Astaldi Announces Defaults on Florida Highway Contracts

Frightened businessman sinking and asking for help

Astaldi’s default on that project comes nearly a year after the contractor commenced work.

April 22, 2019
Scott Judy - Engineering News-Record

Astaldi Construction Corp. announced on March 28 that it was voluntarily defaulting on four contracts with the Florida Dept. of Transportation. Included among those was a $108.3-million contract covering the 3.5-mile-long Section 7A for the $1.6-billion Wekiva Parkway project. Astaldi’s default on that project comes nearly a year after the contractor commenced work on April 1, 2018.

Mr. Judy may be contacted at judys@enr.com



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