Parsons and LINC Austin team Selected for Austin Light Rail Project
Parsons (NYSE: PSN) has been selected as part of the LINC Austin team for the $7 billion Austin Light Rail project. The team, including AECOM, STV, Turner & Townsend, Ardmore Roderick, and CAS Consulting, will serve as Delivery Partner under an initial four-year contract.
As a major subconsultant to AECOM, Parsons will provide systems integration support, interface management, construction management, quality management, and design management services. The project includes developing 9.8 miles of new light rail lines and 15 stations to enhance connectivity across Austin, Texas.
Parsons (NYSE: PSN) è stata selezionata come parte del team LINC Austin per il progetto della rete di tram di Austin da 7 miliardi di dollari. Il team, che include AECOM, STV, Turner & Townsend, Ardmore Roderick e CAS Consulting, agirà come Partner di Consegna sotto un contratto iniziale di quattro anni.
In quanto importante subconsultant per AECOM, Parsons fornirà supporto per l'integrazione dei sistemi, gestione delle interfacce, gestione della costruzione, gestione della qualità e servizi di gestione del design. Il progetto prevede lo sviluppo di 9,8 miglia di nuove linee di tram e 15 stazioni per migliorare la connettività in tutta Austin, Texas.
Parsons (NYSE: PSN) ha sido seleccionada como parte del equipo LINC Austin para el proyecto del tranvía de Austin de 7 mil millones de dólares. El equipo, que incluye a AECOM, STV, Turner & Townsend, Ardmore Roderick y CAS Consulting, actuará como Socio de Entrega bajo un contrato inicial de cuatro años.
Como un importante subconsultor de AECOM, Parsons proporcionará apoyo en integración de sistemas, gestión de interfaces, gestión de construcción, gestión de calidad y servicios de gestión de diseño. El proyecto incluye el desarrollo de 9.8 millas de nuevas líneas de tranvía y 15 estaciones para mejorar la conectividad en Austin, Texas.
파슨스 (NYSE: PSN)는 70억 달러 규모의 오스틴 경전철 프로젝트의 LINC 오스틴 팀의 일원으로 선택되었습니다. AECOM, STV, 터너 & 타운젠드, 아드모어 로더릭, CAS 컨설팅을 포함한 팀은 초기 4년 계약 하에 납품 파트너로 활동하게 됩니다.
파슨스는 AECOM의 주요 하위 자문 업체로서 시스템 통합 지원, 인터페이스 관리, 건설 관리, 품질 관리 및 설계 관리 서비스를 제공할 것입니다. 이 프로젝트에는 오스틴, 텍사스 전역의 연결성을 향상시키기 위해 9.8마일의 새로운 경전철 노선과 15개 역을 개발하는 것이 포함됩니다.
Parsons (NYSE: PSN) a été sélectionnée comme partie de l'équipe LINC Austin pour le projet de tramway d'Austin de 7 milliards de dollars. L'équipe, comprenant AECOM, STV, Turner & Townsend, Ardmore Roderick et CAS Consulting, agira en tant que Partenaire de Livraison sous un contrat initial de quatre ans.
En tant que principal sous-consultant d'AECOM, Parsons fournira un soutien pour l'intégration des systèmes, la gestion des interfaces, la gestion de la construction, la gestion de la qualité et les services de gestion de conception. Le projet comprend le développement de 9,8 miles de nouvelles lignes de tramway et 15 stations pour améliorer la connectivité à Austin, Texas.
Parsons (NYSE: PSN) wurde als Teil des LINC Austin-Teams für das 7 Milliarden Dollar teure Austin-Straßenbahnprojekt ausgewählt. Das Team, zu dem AECOM, STV, Turner & Townsend, Ardmore Roderick und CAS Consulting gehören, wird unter einem anfänglichen vierjährigen Vertrag als Lieferpartner fungieren.
Als wichtiger Subberater von AECOM wird Parsons Unterstützung bei der Systemintegration, Schnittstellenmanagement, Bauleitung, Qualitätsmanagement und Entwurfsmanagement-Diensten bereitstellen. Das Projekt umfasst die Entwicklung von 9,8 Meilen neuen Straßenbahnlinien und 15 Stationen, um die Konnektivität in Austin, Texas, zu verbessern.
- Secured position in $7 billion Austin Light Rail project
- Four-year contract for comprehensive project management services
- Major role as subconsultant to AECOM in significant infrastructure project
- None.
Insights
The $7 billion Austin Light Rail project represents a major revenue opportunity for Parsons as part of the LINC Austin consortium. The initial four-year contract positions Parsons as a key systems integrator and construction management provider in one of the largest transit infrastructure projects in Texas. This partnership with AECOM strengthens Parsons' market position in the rapidly growing transportation infrastructure sector.
The project's scope, encompassing 9.8 miles of rail lines and 15 stations, provides long-term revenue visibility and aligns with increasing federal infrastructure spending. For investors, this adds significant backlog to Parsons' portfolio and demonstrates the company's competitive advantage in securing large-scale municipal contracts. The systems integration and construction management components typically carry higher margins compared to basic engineering services.
In simple terms: Think of this as Parsons getting a significant piece of a massive puzzle - they're not just building tracks, they're helping manage the entire project and ensuring all the complex parts work together seamlessly. This is like having a steady paycheck from a major customer for at least four years, with potential for more work as the project expands.
Austin's first light rail system addresses critical infrastructure needs in one of America's fastest-growing metropolitan areas. The 15-station network will create significant transit-oriented development opportunities, potentially increasing property values along the corridor and generating additional infrastructure contracts for firms like Parsons.
The project's integration with existing transit services positions it as a catalyst for urban development, likely spurring additional infrastructure investments. For Parsons shareholders, this creates a pathway for follow-on contracts in areas like systems maintenance, expansion phases and related urban infrastructure projects. Austin's robust population growth and economic expansion provide strong fundamentals for long-term infrastructure investment.
Think of it this way: This isn't just about building a train system - it's about reshaping how a major city grows and moves. Just as highways shaped city development in the 20th century, this rail system will influence where people live, work and invest in Austin, creating ripple effects of development opportunities.
CHANTILLY, Va., Dec. 30, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that a team consisting of AECOM, Parsons, STV, Turner & Townsend, Ardmore Roderick, and CAS Consulting (LINC Austin) was selected by the Austin Transit Partnership as Delivery Partner for the
As a major subconsultant to AECOM, Parsons will provide a comprehensive range of services, including systems integration support, interface management, construction management, quality management, and design management.
"The Austin Light Rail Project presents a pivotal opportunity to meet the city's increasing travel demand with a reliable, safe, and sustainable transit solution,” said Mark Fialkowski, president of North America Infrastructure for Parsons. “With 80 years of infrastructure experience and a proven track record as a global delivery partner, we look forward to partnering with ATP to deliver a transformative light rail system that will support the city's mobility and economic growth, creating lasting benefits for generations to come."
"We are thrilled to embark on this transformative journey with our partners and the community,” said Greg Canally, Executive Director of Austin Transit Partnership. “The Austin Light Rail project represents a significant step forward in enhancing our city's transportation infrastructure, promoting sustainability, and improving the quality of life for all Austinites."
The Austin Light Rail project aims to revolutionize public transportation in Austin, Texas by introducing the city’s first light rail system that enhances connectivity and accessibility across the community. The initial phase of the project includes the development of 9.8 miles of new light rail lines and 15 stations that will provide reliable and equitable transit options for residents and visitors. The light rail system is designed to integrate seamlessly with existing transit services, offering high-frequency service to reduce travel times and traffic congestion.
For more than 50 years, Parsons' rail and transit experts have successfully delivered high-quality transit projects in Texas, demonstrating a proven track record of excellence and experience. To learn more about Parsons’ rail and transit expertise, visit 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 Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.
Media Contact:
Chelsie McKittrick
+1 512.719.6877
Chelsie.Mckittrick@parsons.com
Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.us
FAQ
What is the total value of the Austin Light Rail project that Parsons (PSN) is involved in?
How many miles of rail lines will the Austin Light Rail project cover?
What services will Parsons (PSN) provide for the Austin Light Rail project?
How long is the initial contract period for the Austin Light Rail project?
Who are the partners in the LINC Austin team with Parsons (PSN)?
