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Brevard County and in a section of Volusia County. The existing lanes also need to be milled and <br />overlaid and all interchanges need to be upgraded as well. Delay risk is likely tied to inclement <br />weather. All right of way and permitting requirements are currently in hand. All the contractor <br />needs to do is to handle permit expiration and a few modifications. <br />Lane Construction Corporation (the contractor) is a large infrastructure contractor that has been <br />involved with numerous highway and rail projects, Lane is currently involved in the Fluor -Lane JV <br />constructing the Capital Beltway HOT lanes and is also involved in the Fluor -Lane JV for the I-95 <br />HOT lanes project, both located in northern Virginia. The DB Contractor currently has a score of <br />over 100 as assigned by FDOT to reflect past performance on FDOT projects. Ultimately, the bonds <br />are not exposed to completion risk as the combination of bond proceeds, the reserve account, <br />capitalized interest account, pending payments for work accepted by DOT and the LOC should <br />always be sufficient to cover debt service payments or a mandatory tender. <br />Contact: <br />Primary Analyst <br />Mike McDermott <br />Managing Director <br />+1-212-908-0605 <br />Fitch, Inc. <br />33 Whitehall Street <br />New York, NY 10004 <br />Secondary Analyst <br />Ken Weinstein <br />Senior Director <br />+212-908-0661 <br />Committee Chairperson <br />Chad Lewis <br />Senior Director <br />+1-212-908-0886 <br />Media Relations: Elizabeth Fogerty, New York, Tel: +1 (212) 908 0526, Email: <br />elizabeth.fogerty@fitchratings.com. <br />Additional information is available at 'www.fitchratings.com'. The ratings above were solicited by, <br />or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the <br />ratings. <br />Applicable Criteria and Related Research: <br />--'Rating Criteria for Infrastructure and Project Finance' (June 12, 2012); <br />--'Tax Supported Rating Criteria' (Aug. 15, 2011); <br />--'US State Government Tax -Supported Rating Criteria' (Aug. 15, 2011). <br />Applicable Criteria and Related Research: <br />Rating Criteria for Infrastructure and Project Finance <br />http://www.fitchratings.com/creditdesldreports/report_frame.cfm?rpt_id=682867 <br />Tax -Supported Rating Criteria <br />http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=648898 <br />U.S. State Government Tax -Supported Rating Criteria <br />http://www.fitchratings.com/creditdesk/reports/ eport_frame.cfm?rpt_id=648897 <br />ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND <br />DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY <br />FOLLOWING THIS LINK: <br />HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, <br />