A federal appeals court has upheld a lower court’s decision requiring The Lane Construction Corp. to pay roughly $79 million in damages, plus interest, to joint venture partners Skanska USA Civil Southeast and Granite Construction for work on Florida’s I-4 Ultimate highway megaproject in Orlando, which was completed in 2022.

In an opinion issued April 15, the U.S. Court of Appeals in Atlanta affirmed a lower court’s findings that Lane materially breached the joint venture agreement by refusing to meet capital calls, and that Skanska acted in the venture’s best interest in rejecting a legally risky strategy to exit the project.

The court rejected Lane’s claims that Skanska failed its fiduciary duties in managing the $2.3 billion public-private construction partnership.

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