Parsons Corporation leads the design of Newark's $1.18 billion AirTrain Replacement, modernizing airport transit services.
Quiver AI Summary
Parsons Corporation has been selected by the Port Authority of New York and New Jersey (PANYNJ) to lead the design for the Newark AirTrain Replacement Program, a $1.18 billion project aimed at modernizing Newark Liberty International Airport. The project will replace the aging AirTrain system with a new automated people mover to enhance passenger experience and operational efficiency. Parsons will design 2.5 miles of elevated guideway and three new stations, improving connectivity to the newly constructed Terminal A, which Parsons also designed. This project underscores Parsons' expertise in major infrastructure projects and reflects its ongoing commitment to enhancing transportation solutions in the New York Metropolitan Area.
Potential Positives
- Parsons Corporation has been selected as the lead designer for the $1.18 billion Newark AirTrain Replacement Program, marking a significant project that enhances its portfolio in the aviation sector.
- The new AirTrain project aims to modernize and improve passenger experience and operational efficiency at Newark Liberty International Airport, positioning Parsons as a key player in critical infrastructure development.
- This award reinforces Parsons' established relationship with the Port Authority of New York and New Jersey (PANYNJ), further solidifying its reputation as a trusted partner for large-scale infrastructure projects.
- The project enhances connectivity at Newark Liberty International Airport, directly benefiting the airport's greater transit network and traveler accessibility.
Potential Negatives
- The announcement of the Newark AirTrain Replacement Program may highlight the company's dependency on public contracts, which can be subject to budgetary constraints and political factors.
- As the lead designer, any delays or issues in project execution could negatively impact Parsons' reputation and future contract opportunities.
- The press release does not disclose potential challenges or risks associated with the project's budget, timeline, or regulatory approvals, which could suggest a lack of transparency regarding operational risks.
FAQ
What is the Newark AirTrain Replacement Program?
The Newark AirTrain Replacement Program is a $1.18 billion project to modernize the existing AirTrain system at Newark Liberty International Airport.
Who is leading the Newark AirTrain project design?
Parsons Corporation is the lead designer for the Newark AirTrain Replacement Program, collaborating with the Tutor/O&G joint venture team.
How will the new AirTrain system benefit passengers?
The new AirTrain system will enhance passenger experience, improve operational efficiency, and accommodate increasing passenger demand at Newark Airport.
What is included in the project scope?
The project includes designing 2.5 miles of elevated guideway and three new stations: Station 1, Station 3, and the Rail Link Station.
What is Parsons' experience in infrastructure projects?
Parsons has decades of experience delivering complex infrastructure solutions, including roads, bridges, public transit, and airports, enhancing community connectivity.
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. 05, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Port Authority of New York and New Jersey (PANYNJ) has selected the Tutor/O&G joint venture (JV) team, with Parsons as the lead designer, for the Newark AirTrain Replacement Program – Guideway and Stations project. The $1.18 billion project is a critical component of the modernization of Newark Liberty International Airport (EWR) and will replace the existing, aging AirTrain system with a state-of-the-art automated people mover (APM) to better serve the airport's growing passenger needs.
The new AirTrain system will enhance passenger experience and improve operational efficiency at one of the region's busiest airports. The replacement system will improve reliability, offer modern amenities, and accommodate increasing passenger demand. As the lead designer, Parsons will be responsible for designing 2.5 miles of elevated guideway, along with three new stations—Station 1, Station 3, and the Rail Link Station.
“Parsons is proud to apply our deep aviation expertise to this large-scale infrastructure project,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “The AirTrain is a natural extension of our work on the EWR Terminal A project and will provide a world-class transportation system to support the future of Newark Liberty International Airport.”
The award of the AirTrain contract marks a significant step in enhancing Newark Liberty International Airport's connectivity, with Parsons playing a key role in the project. The new system will directly link the state-of-the-art Terminal A, which was also designed by Parsons in partnership with Tutor Perini. Parsons contributed significant design work to the airport’s broader transit network, addressing the long-standing need for direct access. The team provided key foundational work on the project, ensuring a robust and efficient solution for travelers.
With the addition of this new project, Parsons continues to strengthen its leadership in delivering complex, mission-critical infrastructure solutions across the New York Metropolitan Area. The company’s proven expertise in alternative delivery methods and role as a trusted partner has enabled it to successfully complete a range of high-profile, large-scale projects for PANYNJ.
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’ aviation expertise, visit www.Parsons.com/aviation/ .
To learn more about Parsons’ rail and transit expertise, visit https://www.parsons.com/rail-transit/ .
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
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Media Contact:
Lexus K. White
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Investor Relations Contact:
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