• Hochtief unit FlatironDragados started work under a joint venture with Sukut on the USD 1.9 billion Anderson Dam seismic retrofit.
• Valley Water issued a notice to proceed for the Morgan Hill, California project, selected via a best-value procurement process.
• Scope includes rebuilding major portions of the dam to meet modern seismic standards; construction is expected to start in early 2027.
• FlatironDragados is nearing completion of a 1,700-foot, 24-foot-diameter outlet tunnel for Anderson Reservoir, started in 2021.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hochtief AG published the original content used to generate this news brief on August 21, 2026, and is solely responsible for the information contained therein.