Parsons Awarded $45 Million Contract to Support New BART Train Control

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been awarded a $45 million contract by the Bay Area Rapid Transit District (BART) to implement a Communications-Based Train Control (CBTC) system, set to become the largest of its kind in North America. This initiative aims to enhance passenger capacity, ensure system safety, and improve efficiency across BART's transit network. The project is part of BART's $3.5 billion Transbay Corridor Core Capacity Program, focusing on modernizing infrastructure, including traction power system upgrades and new rail vehicles.

Positive

• Awarded a $45 million contract by BART for implementing CBTC system.
• The project enhances passenger capacity and safety.
• Aligns with BART's $3.5 billion capacity improvement program.

Negative

• None.

CENTREVILLE, Va., Sept. 24, 2020 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the Bay Area Rapid Transit District (BART) to support implementation of a Communications-Based Train Control (CBTC) system. The CBTC System, which will be the largest system in North America when complete, will improve passenger carrying capacity, provide a state of good repair and result in a safer, more efficient transit system.

"Intermodal connections are essential to increasing mobility around and between communities – BART's connections between San Francisco, Berkeley, Oakland, Fremont, Walnut Creek, Dublin/Pleasanton are important for commuters, shoppers and visitors across the Bay Area," said Tom Topolski, executive vice president, connected communities market for Parsons. "As a leader in CBTC in the United States, we will apply our unique systems integration approach to help improve the BART system that has served the Bay Area for more than 45 years."

Parsons has been providing engineering services to BART's CBTC program for the past five years, leveraging experience on CBTC projects worldwide to shape the BART program. Under the new contract, Parsons will provide Design Services During Construction (DSDC) for the CBTC implementation, which will replace the existing automatic train control system on 125 miles of track, while minimizing the impact to revenue operations.

The project is part of BART's $3.5 billion Transbay Corridor Core Capacity Program which includes traction power system upgrades, new rail vehicles and development of a maintenance complex.

To learn more about Parsons' critical infrastructure expertise, visit Parsons.com/markets/critical-infrastructure/.  

Parsons (NYSE: PSN) is a leading disruptive technology provider in the global defense, intelligence, and critical infrastructure markets, with capabilities across cybersecurity, missile defense, space, connected infrastructure, and smart cities. Please visit parsons.com, and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:                                                       
Bernadette Miller
+1 980.253.9781
Bernadette.Miller@Parsons.com

Investor Relations Contact:
Dave Spille
+ 1 571.655.8264
Dave.Spille@parsons.com

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/parsons-awarded-45-million-contract-to-support-new-bart-train-control-301137851.html

SOURCE Parsons Corporation

FAQ

What is the $45 million contract awarded to PSN by BART for?

The contract is for implementing a Communications-Based Train Control (CBTC) system, which aims to enhance the efficiency and safety of BART's transit network.

How will the CBTC system impact BART?

The CBTC system will improve passenger carrying capacity and ensure a state of good repair for the transit system.

What is the significance of the CBTC project for Parsons Corporation?

It showcases Parsons' expertise in systems integration and reinforces its role as a leader in transportation technology.

What is included in BART's $3.5 billion Transbay Corridor Core Capacity Program?

The program includes traction power system upgrades, new rail vehicles, and the development of a maintenance complex.

How long has Parsons been involved with BART's CBTC program?

Parsons has been providing engineering services to BART's CBTC program for the past five years.