Stantec Gets $150M JV Contract for Coastal Protection on Charleston Peninsula

Dow Jones07-30
 
 

Canadian engineering and consulting company Stantec landed a $150 million joint venture contract for coastal storm work in South Carolina.

The contract from the U.S. Army Corps of Engineers, Charleston District, is to design critical infrastructure supporting coastal storm risk management on the Charleston peninsula.

Stantec said that in partnership with Johnson, Mirmiran & Thompson it will lead the design of more than eight miles of integrated coastal infrastructure across Charleston's waterfront.

With a total program value of $1.2 billion, the designs will include storm surge barriers, floodwalls and levees, pump stations, and multiple gate structures for pedestrians, as well as vehicle, rail, and tidal flow management, Stantec said. Nature-based features, including living shorelines and oyster reefs, will be incorporated to support system performance and environmental function.

 
 

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment