Parsons Extends Bridge Franchise with America’s River Crossing Award
Parsons (NYSE: PSN) has been selected by the Tennessee Department of Transportation as lead designer for the America's River Crossing project in Memphis. The project will replace the existing 75-year-old I-55 bridge, which is expected to support approximately 64,000 vehicles daily by 2050, connecting Tennessee, Arkansas, and Mississippi. The project aims to enhance route resiliency, safety, and maintain good repair standards.
This award strengthens Parsons' bridge design portfolio, which now includes 24 Mississippi River crossings, with five currently in progress. The company brings extensive experience, having designed over 4,500 bridges, 10,000 miles of roadways, and implemented more than 50 advanced traffic management systems globally.
Parsons (NYSE: PSN) è stata selezionata dal Dipartimento dei Trasporti del Tennessee come progettista principale per il progetto America's River Crossing a Memphis. Il progetto prevede la sostituzione del ponte I-55 esistente, che ha 75 anni, e che si prevede supporterà circa 64.000 veicoli al giorno entro il 2050, collegando Tennessee, Arkansas e Mississippi. L'obiettivo del progetto è migliorare la resilienza delle strade, la sicurezza e mantenere buoni standard di manutenzione.
Questo riconoscimento rafforza il portafoglio di progettazione di ponti di Parsons, che ora include 24 attraversamenti del fiume Mississippi, con cinque attualmente in fase di realizzazione. L'azienda vanta un'esperienza vasta, avendo progettato oltre 4.500 ponti, 10.000 miglia di strade e implementato più di 50 sistemi avanzati di gestione del traffico a livello globale.
Parsons (NYSE: PSN) ha sido seleccionada por el Departamento de Transporte de Tennessee como diseñadora principal del proyecto America's River Crossing en Memphis. El proyecto reemplazará el viejo puente I-55 de 75 años, que se espera soporte aproximadamente 64,000 vehículos diarios para el año 2050, conectando Tennessee, Arkansas y Mississippi. El objetivo del proyecto es mejorar la resiliencia de las rutas, la seguridad y mantener buenos estándares de reparación.
Este reconocimiento fortalece el portafolio de diseño de puentes de Parsons, que ahora incluye 24 cruces del río Mississippi, con cinco actualmente en progreso. La compañía aporta una extensa experiencia, habiendo diseñado más de 4,500 puentes, 10,000 millas de carreteras e implementado más de 50 sistemas avanzados de gestión del tráfico a nivel mundial.
파슨스 (NYSE: PSN)가 테네시 교통부에 의해 멤피스의 아메리카스 리버 크로싱 프로젝트의 주요 설계자로 선정되었습니다. 이 프로젝트는 75년 된 기존의 I-55 교량을 교체할 예정이며, 2050년까지 하루 약 64,000대의 차량을 지원할 것으로 예상되며, 테네시, 아칸소 및 미시시피를 연결합니다. 프로젝트의 목표는 경로의 복원력, 안전성을 강화하고 양호한 유지 보수 기준을 유지하는 것입니다.
이번 수상은 파슨스의 교량 디자인 포트폴리오를 강화하며, 이제 미시시피 강을 가로지르는 24개의 교량이 포함되어 있으며, 현재 5개가 진행 중입니다. 회사는 4,500개 이상의 다리, 10,000마일의 도로를 설계하고 전 세계적으로 50개 이상의 고급 교통 관리 시스템을 구현한 폭넓은 경험을 보유하고 있습니다.
Parsons (NYSE: PSN) a été sélectionnée par le Département des Transports du Tennessee en tant que designer principal pour le projet America's River Crossing à Memphis. Ce projet remplacera le vieux pont I-55 de 75 ans, qui devrait supporter environ 64 000 véhicules par jour d'ici 2050, reliant le Tennessee, l'Arkansas et le Mississippi. L'objectif du projet est d'améliorer la résilience des itinéraires, la sécurité et de maintenir de bons standards d'entretien.
Cet accueil renforce le portefeuille de conception de ponts de Parsons, qui comprend désormais 24 traversées du fleuve Mississippi, dont cinq sont actuellement en cours. L'entreprise apporte une vaste expérience, ayant conçu plus de 4 500 ponts, 10 000 miles de routes et mis en œuvre plus de 50 systèmes avancés de gestion du trafic à l'échelle mondiale.
Parsons (NYSE: PSN) wurde vom Verkehrsministerium von Tennessee als Hauptdesigner für das America's River Crossing-Projekt in Memphis ausgewählt. Das Projekt wird die bestehende 75 Jahre alte I-55-Brücke ersetzen, die bis 2050 voraussichtlich etwa 64.000 Fahrzeuge täglich unterstützen wird und Tennessee, Arkansas und Mississippi verbindet. Ziel des Projekts ist es, die Robustheit der Routen, die Sicherheit zu erhöhen und gute Wartungsstandards aufrechtzuerhalten.
Diese Auszeichnung stärkt das Brücken-Design-Portfolio von Parsons, das jetzt 24 Mississippi-River-Überschreitungen umfasst, von denen fünf derzeit in Arbeit sind. Das Unternehmen bringt umfassende Erfahrung mit, da es über 4.500 Brücken, 10.000 Meilen Straßen und mehr als 50 fortschrittliche Verkehrsleitsysteme weltweit entworfen und implementiert hat.
- Secured major infrastructure contract as lead designer for America's River Crossing project
- Expands Mississippi River crossings portfolio to 24 bridges, with 5 ongoing projects
- Strengthens market position in critical infrastructure and bridge design sector
- None.
Insights
The America's River Crossing project represents a strategic win for Parsons' infrastructure portfolio, though financial terms were not disclosed. The project's significance stems from its scale and potential long-term revenue implications. With 24 Mississippi River crossings now in their portfolio, including 5 ongoing projects, this demonstrates Parsons' dominant market position in critical infrastructure.
The company's track record of 10,000+ miles of roadways and 4,500 bridges showcases their competitive moat in the infrastructure sector. The I-55 bridge replacement project, serving 64,000 vehicles daily by 2050, indicates substantial project scope and likely meaningful revenue contribution. However, without contract value details and pending final contracting, immediate financial impact remains uncertain.
CHANTILLY, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the Tennessee Department of Transportation (TDOT) has selected the company to serve as lead designer for the proposed America’s River Crossing project, a pivotal infrastructure project aimed at enhancing transportation connectivity and economic growth in the Memphis region. This contract win marks a significant milestone for Parsons, further solidifying its position as a leader in long-span bridge design.
The proposed America’s River Crossing project will replace the existing 75-year-old I-55 bridge, which, by 2050, is projected to support approximately 64,000 vehicles carrying residents, workers, and freight moving between Tennessee, Arkansas, and Mississippi every day. Parsons is responsible for delivering a design to address route resiliency, improve safety, and maintain a state of good repair.
"Our selection for the America’s River Crossing project is a testament to Parsons' dedication to delivering high-quality, transformative infrastructure solutions that keep our communities moving," said Mark Fialkowski, president of Infrastructure North America for Parsons. "The proposed project not only reinforces our leadership in bridge design but also demonstrates our commitment to supporting communities and fostering economic development through robust transportation systems."
With this new project, Parsons continues its legacy of excellence in the bridge sector, now encompassing 24 Mississippi River crossings, including five currently underway. The proposed project, still under final contracting, will improve mobility and address traffic flow and operations for local and regional motorists and travelers in the tri-state area. Parsons’ extensive experience and commitment to innovative engineering solutions have positioned the company as the go-to firm for critical infrastructure delivery.
Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.
To learn more about Parsons’ century of bridge design expertise, visit www.Parsons.com/bridge/.
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:
Lexus K. White
+1 470.510.6690
Lexus.White@parsons.com
Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.us
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