Bowman Contracted by Illinois Department of Transportation for I-55 Corridor Rehabilitation Project

Rhea-AI Summary

Bowman Consulting Group (NASDAQ: BWMN) has been contracted by the Illinois Department of Transportation (IDOT) to provide corridor management and design services for a 15.6-mile corridor of I-55. This project is part of the state's $45 billion Rebuild Illinois infrastructure investment program.

Bowman will manage all projects within this highly trafficked stretch of I-55, which connects Chicago to its southwest suburbs and transits over 100,000 vehicles daily. The company will also prepare repair plans for 16 bridges and develop roadway improvement plans for the expressway. These enhancements aim to improve safety, reduce congestion, and extend the lifespan of Illinois' transportation infrastructure.

Gary Bowman, chairman and CEO, expressed excitement about the project, highlighting the company's ability to mobilize quickly due to pre-existing resources.

Positive

• Secured a contract with IDOT for a major infrastructure project
• Project is part of a $45 billion state investment program
• Responsible for managing a heavily trafficked 15.6-mile corridor of I-55
• Scope includes repair plans for 16 bridges and roadway improvements
• Demonstrates company's expertise in large-scale infrastructure projects

Negative

• None.

RESTON, Va.--(BUSINESS WIRE)-- Bowman Consulting Group Ltd. (the Company or Bowman) (NASDAQ: BWMN), a national engineering services firm delivering infrastructure design solutions and project management services to customers who own, develop and maintain the built environment, has been contracted by the Illinois Department of Transportation (IDOT) to provide corridor management and design services for a 15.6-mile corridor of I-55.

“We are excited to start working on the highly impactful and innovative I-55 corridor assignment,” said Gary Bowman, chairman and CEO of Bowman. “This is one of several awards where we’ve been anticipating and planning for a final contract and notice to proceed for several months. We had the necessary resources for the assignment in place, so we were able to mobilize quickly and immediately commence work on the project. Our transportation practice has unparalleled experience with the complexities of large-scale infrastructure projects in Illinois, and we appreciate this opportunity to help IDOT improve and modernize one of the most heavily traveled expressways in the state for its constituents.”

Corridor management is an innovative approach to transportation system management whereby public agencies and private contractors commit to working together to manage a transportation corridor holistically rather than the more traditional approach of managing individual assets discretely. This contract is one of a few design management corridor contracts to be released from IDOT and is a key component of the state's $45 billion Rebuild Illinois infrastructure investment program strategy.

Under this engagement, Bowman will manage all projects within the highly trafficked stretch of I-55, which connects Chicago to its southwest suburbs, a corridor that transits over 100,000 vehicles daily. Additionally, Bowman will prepare bridge repair plans for 16 bridges within the corridor, as well as develop roadway improvement plans of the expressway. These enhancements have been identified as key to improving safety, reducing congestion and extending the lifespan of Illinois’ transportation infrastructure.

About Bowman Consulting Group Ltd.

Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment. With over 2,200 employees in more than 90 locations throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN. For more information, visit bowman.com or investors.bowman.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240923372972/en/

General Media Contact:

Christina Nichols

cnichols@bowman.com

Investor Relations Contacts:

Bruce Labovitz

blabovitz@bowman.com

Betsy Patterson

bpatterson@bowman.com

Source: Bowman Consulting Group

FAQ

What is the scope of Bowman Consulting Group's (BWMN) contract with IDOT for the I-55 project?

Bowman Consulting Group (BWMN) will provide corridor management and design services for a 15.6-mile corridor of I-55, prepare repair plans for 16 bridges, and develop roadway improvement plans for the expressway.

How many vehicles transit daily through the I-55 corridor managed by Bowman Consulting Group (BWMN)?

The I-55 corridor managed by Bowman Consulting Group (BWMN) transits over 100,000 vehicles daily, connecting Chicago to its southwest suburbs.

What are the main objectives of the I-55 corridor rehabilitation project involving Bowman Consulting Group (BWMN)?

The main objectives of the I-55 corridor rehabilitation project are to improve safety, reduce congestion, and extend the lifespan of Illinois' transportation infrastructure.

How does the I-55 project fit into Illinois' broader infrastructure plans?

The I-55 project is a key component of Illinois' $45 billion Rebuild Illinois infrastructure investment program strategy.