Parsons and LINC Austin team Selected for Austin Light Rail Project

Rhea-AI Summary

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.

Positive

• 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

Negative

• None.

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 $7 billion Austin Light Rail project. Under the initial four-year contract, LINC Austin will provide program and project management, construction management, and technical expert services during the planning, design, procurement, construction, and post-construction phases of the Austin Light Rail project.

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?

The Austin Light Rail project that Parsons (PSN) is involved in has a total value of $7 billion.

How many miles of rail lines will the Austin Light Rail project cover?

The initial phase of the Austin Light Rail project will cover 9.8 miles of new light rail lines with 15 stations.

What services will Parsons (PSN) provide for the Austin Light Rail project?

Parsons will provide systems integration support, interface management, construction management, quality management, and design management services as a subconsultant to AECOM.

How long is the initial contract period for the Austin Light Rail project?

The initial contract period for the Austin Light Rail project is four years.

Who are the partners in the LINC Austin team with Parsons (PSN)?

The LINC Austin team includes AECOM, Parsons, STV, Turner & Townsend, Ardmore Roderick, and CAS Consulting.