MONTRÉAL, July 9, 2024 /CNW/ - AtkinsRéalis Group Inc. (TSX: ATRL), a fully integrated professional services and project management company with offices around the world, announces today that it has been awarded a four-year, US$18-million contract by the Texas Department of Transportation (TxDOT) to provide Construction Engineering and Inspection Services (CE&I) for an interstate highway project in Waco, Texas. AtkinsRéalis has provided CE&I services on three other interstate projects for the state, two of which are currently ongoing.
"Earning repeat business from long-standing clients and helping them reimagine, redesign and re-energize highway infrastructure that meets current and future needs is what we mean when we say AtkinsRéalis is engineering a better future for our planet and its people," said Ian L. Edwards, President and Chief Executive Officer, AtkinsRéalis. "A robust transportation network is crucial for connecting communities and supporting economic prosperity."
In partnership with TxDOT, AtkinsRéalis and its subconsultant partners will provide overall project administration on the job, including day-to-day management of construction inspection, material testing and project documentation. The US$263-million project widens nearly 5.3 kilometers (3.3 miles) of Interstate 35 (I-35) to eight lanes, reconstructs interchanges and frontage roads to reduce congestion and meet future demand needs in the first complete rebuild of the roadway since it was first constructed in the 1960's.
"Relationships and real-world expertise are the keystones of our CE&I services," said Steve Morriss, President, U.S., Latin America, and Minerals & Metals, AtkinsRéalis. "We have a deep bench, including 27 former TxDOT employees on our team, with the vast technical know-how necessary to solve issues before they become problems and maintain TxDOT's production goals and high-quality standards on one of its premier projects."
Upgrading the highway is a priority for the City of Waco, State of Texas, the Federal Highway Administration and U.S. Department of Transportation. 45 percent of Texans live along the 812-kilometer (505-mile) I-35 corridor within the state boundary linesi. The 2525-kilometer (1569 mile) roadway is the largest interstate connecting Canada and Mexico. The majority of Mexico's trade with the U.S. and Canada traverses IH 35 via commercial trucks, valued at approximately US$750-billion in goods annuallyii.
AtkinsRéalis has provided CE&I services on a wide range of TxDOT projects, helping enhance safety and relieve congestion on some of the State's most heavily traveled highways including the US$606-million CapEx North projectiii along an interstate in Austin, TxDOT's largest design-bid-build project let to date. The Company has been providing CE&I services in the Lone Star State for more than 20 years, beginning with the Central Texas Turnpike System in 2002. Additionally, AtkinsRéalis provides CE&I services to state DOTs and transportation authorities in Arkansas, Colorado, Florida, Georgia, Idaho, Missouri, New Jersey, North Carolina, Oklahoma, Washington and Puerto Rico.
About AtkinsRéalis
Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-leading professional services and project management company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. News and information are available at www.atkinsrealis.com or follow us on LinkedIn.
Forward-Looking Statements
References in this press release to the "Company", "AtkinsRéalis", "we", us" and "our" mean, as the context may require, AtkinsRéalis Group Inc. or all or some of its subsidiaries or joint arrangements or associates. Statements made in this press release that describe the Company's expectations or strategies constitute "forward-looking statements", which can be identified by the use of the conditional or forward-looking terminology such as "estimates", "expects", "forecasts", "intends", "may", "objective", "plans", "projects", "should", "will", "likely", or other variations thereon. Forward-looking statements also include any other statements that do not refer to historical facts. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties, and that its actual actions or results could differ materially from those expressed or implied in such forward-looking statements. Forward-looking statements are presented for the purpose of assisting investors and others in understanding certain key elements of the Company's current objectives, strategic priorities, expectations and plans, and in obtaining a better understanding of the Company's business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements made in this press release are based on a number of assumptions believed by the Company to be reasonable as at the date hereof. The assumptions are set out throughout the Company's 2023 annual management disclosure & analysis ("MD&A") (particularly in the sections entitled "Critical Accounting Judgments and Key Sources of Estimation Uncertainty" and "How We Analyze and Report our Results") filed with the securities regulatory authorities in Canada, available on SEDAR+ at www.sedarplus.com and on the Company's website at www.atkinsrealis.comunder the "Investors" section. If these assumptions are inaccurate, the Company's actual results could differ materially from those expressed or implied in such forward-looking statements. In addition, important risk factors could cause the Company's assumptions and estimates to be inaccurate and actual results or events to differ materially from those expressed in or implied by these forward-looking statements. Those risks are identified in the Company's 2023 annual MD&A (particularly in the sections entitled "Risk and Un certainties"), as updated in the first quarter 2024 MD&A, are not exhaustive. The forward-looking statements herein reflect the Company's expectations as at the date of this press release and are subject to change after this date. The Company does not undertake to update publicly or to revise any such forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable legislation or regulation. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
SOURCE AtkinsRéalis
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