Parsons Continues to Drive Success for San Diego Pure Water Program
Parsons (NYSE: PSN) has secured a task order extension for the San Diego Pure Water Program, continuing its role in an eight-year, $110 million joint venture contract with Black & Veatch awarded in 2018. The project focuses on providing construction management services for treatment plants and facilities.
The program aims to reduce San Diego's dependence on imported water by producing 83 million gallons of water daily by 2035, representing nearly half of the city's water supply. The initiative will also cut treated wastewater ocean discharges by 50%.
Under the extension, Parsons will continue managing construction of the North City Pure Water Facility (NCPWF), a state-of-the-art treatment facility designed to produce up to 34 million gallons of water daily during Phase 1 of the program.
Parsons (NYSE: PSN) ha ottenuto un'estensione dell'ordine di incarico per il Programma Pure Water di San Diego, proseguendo il suo ruolo in un contratto di joint venture dell'ottavo anno del valore di 110 milioni di dollari con Black & Veatch, assegnato nel 2018. Il progetto si concentra sulla fornitura di servizi di gestione della costruzione per impianti e strutture di trattamento.
Il programma mira a ridurre la dipendenza di San Diego dall'acqua importata, producendo 83 milioni di galloni d'acqua al giorno entro il 2035, rappresentando quasi la metà della fornitura idrica della città. L'iniziativa ridurrà anche le scariche di acque reflue trattate nell'oceano del 50%.
Con l'estensione, Parsons continuerà a gestire la costruzione della North City Pure Water Facility (NCPWF), una struttura di trattamento all'avanguardia progettata per produrre fino a 34 milioni di galloni d'acqua al giorno durante la Fase 1 del programma.
Parsons (NYSE: PSN) ha asegurado una extensión de orden de tarea para el Programa Pure Water de San Diego, continuando su papel en un contrato de joint venture de ocho años por 110 millones de dólares otorgado a Black & Veatch en 2018. El proyecto se centra en proporcionar servicios de gestión de construcción para plantas y instalaciones de tratamiento.
El programa tiene como objetivo reducir la dependencia de San Diego del agua importada, produciendo 83 millones de galones de agua diariamente para 2035, lo que representa casi la mitad del suministro de agua de la ciudad. La iniciativa también reducirá los vertidos de aguas residuales tratadas al océano en un 50%.
Bajo la extensión, Parsons seguirá gestionando la construcción de la North City Pure Water Facility (NCPWF), una instalación de tratamiento de última generación diseñada para producir hasta 34 millones de galones de agua al día durante la Fase 1 del programa.
파슨스 (NYSE: PSN)는 샌디에고 퓨어 워터 프로그램의 작업 지시 연장을 확보하여, 2018년 블랙 앤 비치와 체결한 1억 1천만 달러 규모의 8년 합작 계약에서의 역할을 계속하고 있습니다. 이 프로젝트는 treatment plants 및 시설에 대한 건설 관리 서비스를 제공하는 데 중점을 두고 있습니다.
이 프로그램의 목표는 2035년까지 8300만 갤런의 물을 생산하여, 샌디에고의 수입 물 의존도를 줄이는 것입니다. 이는 도시의 수자원의 거의 절반에 해당합니다. 또한 이 이니셔티브는 처리된 폐수의 해양 방출을 50% 줄일 예정입니다.
연장에 따라 파슨스는 프로그램의 1단계 동안 하루 최대 3400만 갤런의 물을 생산하도록 설계된 최신식 처리 시설인 North City Pure Water Facility (NCPWF)의 건설을 계속 관리합니다.
Parsons (NYSE: PSN) a obtenu une extension de commande pour le programme Pure Water de San Diego, poursuivant son rôle dans un contrat de coentreprise de huit ans d'une valeur de 110 millions de dollars attribué à Black & Veatch en 2018. Le projet se concentre sur la fourniture de services de gestion de la construction pour des usines et des installations de traitement.
Le programme vise à réduire la dépendance de San Diego vis-à-vis de l'eau importée en produisant 83 millions de gallons d'eau par jour d'ici 2035, ce qui représente presque la moitié de l'approvisionnement en eau de la ville. L'initiative réduira également les décharges d'eaux usées traitées dans l'océan de 50 %.
Dans le cadre de l'extension, Parsons continuera à gérer la construction de la North City Pure Water Facility (NCPWF), une installation de traitement à la pointe de la technologie conçue pour produire jusqu'à 34 millions de gallons d'eau par jour lors de la phase 1 du programme.
Parsons (NYSE: PSN) hat eine Verlängerung des Auftragserteilungsverfahrens für das Pure Water Programm in San Diego gesichert und setzt seine Rolle in einem achtjährigen 110 Millionen Dollar Joint-Venture-Vertrag mit Black & Veatch fort, der 2018 vergeben wurde. Das Projekt konzentriert sich auf die Bereitstellung von Bauleitungsdienstleistungen für Behandlungsanlagen und -einrichtungen.
Das Programm zielt darauf ab, die Abhängigkeit San Diegos von importiertem Wasser zu verringern, indem bis 2035 83 Millionen Gallonen Wasser täglich produziert werden, was fast der Hälfte des Wasserversorgungsbedarfs der Stadt entspricht. Die Initiative wird auch die Einleitungen von behandeltem Abwasser ins Meer um 50% reduzieren.
Im Rahmen der Verlängerung wird Parsons weiterhin den Bau der North City Pure Water Facility (NCPWF) leiten, einer hochmodernen Behandlungsanlage, die in der ersten Phase des Programms bis zu 34 Millionen Gallonen Wasser pro Tag produzieren soll.
- Secured extension of existing $110 million contract
- Project contributes to long-term recurring revenue through 2035
- Strengthens position in sustainable infrastructure sector
- None.
Insights
The task order extension for the San Diego Pure Water Program represents a strategic continuation of Parsons' involvement in a
The North City Pure Water Facility's advanced water treatment capacity of 34 million gallons per day positions Parsons at the forefront of sustainable infrastructure development. This project strengthens PSN's recurring revenue stream and enhances its portfolio in the growing water infrastructure sector, particularly valuable as municipalities increasingly focus on water security and sustainability initiatives.
Think of this as building a small city's worth of water infrastructure - it's not just about construction management, but about securing long-term municipal relationships that typically lead to additional contracts and steady revenue streams. The ocean discharge reduction component adds environmental credibility to PSN's portfolio, potentially attracting ESG-focused institutional investors.
The 50% reduction in ocean discharge represents a significant environmental milestone, positioning PSN advantageously in the growing sustainable infrastructure market. This aligns perfectly with increasing regulatory pressure for municipalities to reduce ocean pollution and develop sustainable water management solutions.
The project's focus on reducing imported water dependency addresses a critical vulnerability in water-stressed regions, particularly relevant as climate change intensifies water scarcity issues. The advanced monitoring systems being implemented suggest potential operational efficiencies and reduced maintenance costs, which could translate to higher project margins.
In simple terms, imagine creating a giant water recycling system for a major city - it's like turning San Diego into a self-sufficient water oasis, reducing its dependence on external water sources while protecting ocean ecosystems. This kind of project typically leads to similar opportunities in other water-stressed regions, potentially opening up new market opportunities for PSN.
CHANTILLY, Va., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that it has initiated a task order extension supporting the San Diego Pure Water program. This task order is a component of the eight-year,
The San Diego Pure Water Program is a pivotal initiative implemented by the City of San Diego to reduce its reliance on imported water and provide a reliable, local, and sustainable water supply. Upon full implementation by 2035, the program is expected to produce 83 million gallons of water per day, nearly half of San Diego's overall water supply and will reduce the city’s treated wastewater ocean discharges by
“Parsons is proud of our involvement in the San Diego Pure Water Program, which not only addresses critical water needs but also advances sustainability,” said Mark Fialkowski, president of Infrastructure North America for Parsons. “This project exemplifies our commitment to delivering innovative solutions that enhance community resilience and promote resource conservation.”
Under this task order, Parsons and Black & Veatch will continue to provide construction management services for the North City Pure Water Facility (NCPWF), which is part of Phase 1 of the Pure Water Program. The new facility will be a state-of-the-art advanced water treatment facility designed to produce up to 34 million gallons of water per day and will be equipped with the most advanced controls and monitoring systems to ensure treatment reliability.
Parsons remains dedicated to delivering high-quality construction management services that support the long-term goals of the San Diego Pure Water Program and the City of San Diego’s vision of innovative water resource management, ensuring a sustainable and eco-friendly water supply for the community.
To learn more about Parsons’ sustainable solutions for our most important resource, visit https://www.parsons.com/water-wastewater/.
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
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