[101], In February 2017, Bechtel was chosen to support setting up and operating Saudi Arabia's National Project Management Office. The younger Bechtel also hired Caspar Weinberger, who had been Richard Nixon's budget manager and secretary of health, education, and welfare, to be Bechtel's general counsel. It's a record that few, if any, companies in the world can match. Finance. (The company left Bolivia, but remains in litigation over the project.) But the result was that water rates rose beyond what Cochabamba's citizens could pay, leaving many without water and sparking violent riots. [58][119] Bechtel also completed the world's largest solar thermal project, the Ivanpah Solar Electric Generating System in California, which began producing power in February 2014. The Bechtel family founded the Bechtel Corporation in 1898. In 1972, Bechtel was involved in approximately 20 percent of all of the United States' new power-generating capacity. The company's multiple construction contracts helped to transform the area from a small village to a city with a population of over a quarter of a million people. For three generations, the Bechtel family has been dedicated to improving public works and public life in California and throughout the globe. [126], The Mining & Metals (M&M) unit works on projects related to the mining and production of materials such as aluminum, coal, copper, iron ore, alumina and other metals and minerals. The Jacob H. Bechtel papers contains 20 letters written by Jacob H. Bechtel to his brother, George, and represents a microcosm of the civilian Civil War experience in Virginia. [120][121], In 2015, Bechtel began work as project manager of the Toronto-York Spadina subway extension for the Toronto Transit Commission. This page was last edited on 31 December 2020, at 07:48. A century later, the Bechtel Group has revenues of $11.6 billion a year and manages more than 900 projects in 60 countries. [148] Bechtel has built a third of the world's LNG liquefaction capacity. [18] By the end of the decade, the company had moved from nuclear power construction toward nuclear cleanup projects, including Three Mile Island in 1979. A rare inside look at family-controlled global construction giant Bechtel. Here's why it's so important", "Saudi Spends $22 Billion on Riyadh Metro Line Construction", "Bechtel built 54 km of Transylvania Motorway for EUR 1.25 billion, but agreed to renegotiate contract", https://en.wikipedia.org/w/index.php?title=Bechtel&oldid=997390847, Construction and civil engineering companies of the United States, Energy engineering and contractor companies, Nuclear technology companies of the United States, Construction and civil engineering companies established in 1898, Privately held companies based in Virginia, Articles lacking reliable references from August 2016, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License, Facility of six LNG trains currently in development and a, Master plan for infrastructure development in, Rapid transit system under construction in. [50][51], Other major projects at the end of the 2000s included the Tacoma Narrows Bridge in Washington state,[52] Jamnagar Refinery expansion in India,[53] Equatorial GuineaLNG,[54] and Oak Creek Power Plant in Wisconsin. Once established in the Middle East, Bechtel expanded its work into Kuwait, and then Iran, Yemen, Lebanon, and Iraq, where, in 1984, Bechtel was involved in a deal that would have let the firm build a $1 billion pipeline to move oil out of the country through the port of Aqaba, Jordan. By far the most infamous scenario, however, involves a water system in Cochabamba, Bolivia. Bechtel Group Foundation was created in 1954 to respond to the needs of the communities around the world in which Bechtel has offices or major projects. Officially, business discussions are taboo, but certainly camp kinship has evolved into many a serious deal. Bechtel Company,[11] which by this time was the leading construction company in the western United States. POLITICAL ACTION COMMITTEE (BECHTEL POLITICAL ACTION COMMITTEE) Location: GLENDALE, AZ 85305 Industry: General Contractors; Public works, industrial & commercial construction Treasurer: DESHONG, JOHN FEC Committee ID: C00103697 [73], Outside of North America, the Infrastructure unit's headquarters is located at the company's London office. [97], In 2016, Bechtel began construction on the first phase of the Edmonton Valley Line Light Rail Transit project in Alberta, Canada, the first public–private partnership (P3) business group. [104][105][106], In 2018, Bechtel's work on Panda Power Funds' Hummel Station Power Plant in Pennsylvania was completed. [171], In late 2017, the unit was selected to design and build Tellurian's Driftwood LNG project, a proposed liquefied gas facility in Louisiana. But to assume that George Shultz somehow was single-handedly responsible for Bechtel's Iraq contract, or, for that matter, that his involvement was necessary for the company to get the job, is to ignore Bechtel's all but permanent place in the global power structure. [186][187][188] In late 2017, Bechtel completed the assembly of two nuclear waste melters, each at 300 tons. [196], As of 2018, Bechtel is building the Uranium Processing Facility at the Y-12 National Security Complex in Tennessee. Bechtel was awarded the contract and took over day-to-day construction of Plant Vogtle's Units 3 and 4 after Westinghouse Electric, the designer and principal contractor for the two new reactors, filed for bankruptcy. [193][194] In May 2016, a joint venture including Bechtel won a contract to conduct front-end engineering and design for the eventual construction of Wylfa Newydd, a nuclear power station in Wales for Horizon Nuclear Power. [90] The unit also constructs and tests tanks for LNG storage. Bechtel Corp., the San Francisco construction giant known for its global reach and high-powered political connections, won a contract Thursday worth up to $680 million to rebuild Iraqi roads, schools, sewers and hospitals damaged in the war. [173][174][175], In June 2019, Kallanish Energy reported that Bechtel had been hired by Thailand's PTT Global Chemical America and South Korea-based partner Daelim to build a $6 billion ethane cracker on the Ohio River in Belmont County, Ohio. The public heat only intensified with news that the engineering and construction firm had been included in the handful of companies chosen in secret to bid on the government's reconstruction efforts in Iraq — and subsequently won the job. F.. of Chambersburg. The 20-year project was critiqued for rising costs and increasing scope of work, as the Big Dig became more complex than was originally estimated. Marie C. Bechtel brings with her over 25 years of experience in Family Law as well as a strong background in Psychology and Sociology. [127][128] It has also finished 42 major copper projects, 30 aluminum smelters, 15 major coal projects, and eight alumina refinery projects. [25] The company also built the Ankara-Gerede Motorway in Turkey as part of the network of roadways linking Europe and Asia in 1986. [144], The Oil, Gas & Chemicals unit designs and builds liquefied natural gas (LNG), oil, pipeline, petrochemicals, natural gas, and water treatment facilities. The fifth in a family of eight children, he was raised on a hardscrabble farm near Freeport, Illinois. During the era of Stephen Bechtel Jr., a grandson of the firm's founder who ran it from 1960 to 1990, the company hired George Shultz, who'd been on Bechtel's board of directors, as president. "The Profiteers: Bechtel and the Men Who Built the World", Simon & Schuster, 2016. 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