Parsons Corporation awarded $23 million contract by Caltrans for engineering and inspection services in multiple districts.
Quiver AI Summary
Parsons Corporation has been awarded a $23 million contract by the California Department of Transportation (Caltrans) to provide engineering and inspection services for structure construction projects in districts 1, 2, and 3-North. This collaboration is part of Parsons' ongoing efforts to enhance California's transportation infrastructure, especially in light of upcoming events such as the Olympics and the World Cup. Having worked with Caltrans since 2007, Parsons will focus on improving the state’s transportation system through various projects, including roadway rehabilitation and the construction of new facilities. With extensive experience in infrastructure projects globally, Parsons aims to support efficient, safe transportation solutions while addressing community quality of life and environmental concerns. For further details on their transportation expertise, Parsons encourages visits to their website.
Potential Positives
- Parsons Corporation secured a $23 million contract with the California Department of Transportation, highlighting the company's ongoing relationship and trust with a key governmental agency.
- The contract involves essential engineering and inspection services that will contribute to significant infrastructural improvements in California, enhancing transportation systems ahead of major upcoming events like the Olympics and World Cup.
- Parsons' long-standing experience with Caltrans since 2007 demonstrates the company’s reliability and expertise in managing complex construction projects.
- This announcement reinforces Parsons' reputation as a leading provider in the infrastructure market, potentially attracting more opportunities in both public and private sectors.
Potential Negatives
- None
FAQ
What services will Parsons provide to Caltrans?
Parsons will provide professional and technical engineering and inspection services for structure construction projects in Caltrans Districts 1, 2, and 3-North.
How much is the contract with Caltrans worth?
The contract is valued at $23 million.
What has Parsons previously done for Caltrans?
Parsons has provided construction engineering and inspection services for Caltrans since 2007, including bridge rehabilitation and new bridge construction projects.
How will this project benefit California's transportation system?
This project aims to improve roadway rehabilitation, construct new facilities, and enhance existing infrastructure for better mobility and safety.
What is Parsons Corporation's experience in infrastructure projects?
Parsons has extensive experience with over 10,000 miles of roadways, 4,500 bridges, and advanced traffic management systems to improve transportation safety and efficiency.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
CHANTILLY, Va. , Dec. 11, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that California Department of Transportation (Caltrans) has selected the company to perform professional and technical services. This $23 million contract will provide “as needed” engineering and inspection services for structure construction projects in Caltrans Districts 1, 2, and 3-North.
“Parsons has worked with the Caltrans for decades to improve California’s transportation system and provide greater mobility throughout the state,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “With multiple high-profile events coming in the near future, including the Olympics and World Cup, Parsons is ready to support California in ensuring the infrastructure is in place to allow for an efficient, safe, and positive experience.”
Parsons has performed similar services for Caltrans since 2007, providing construction engineering and inspection services for bridge rehabilitation projects, new bridge construction projects and retaining walls. The project will improve the State transportation system, including roadway rehabilitation, construction of new facilities, and widening, realigning and relocating existing facilities.
Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.
To learn more about Parsons’ transportation expertise, visit https://www.parsons.com/transportation/ .
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit
parsons.com
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LinkedIn
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Facebook
to learn how we're making an impact.
Media Contact:
Lexus K. White
+1 470.510.6690
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Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
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