Parsons Selected by City of Toronto for Delivery of Gardiner Expressway Rehabilitation Project

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) has been awarded a contract by the City of Toronto for the F.G. Gardiner Expressway Rehabilitation project, valued at over $10 million. This role includes engineering advisory services and project management for vital upgrades along the highway. Additionally, Parsons was selected for a roster of potential vendors for engineering consulting services, potentially worth $7 million. This strengthens Parsons' position as a key mobility solutions provider in Toronto, where it has a longstanding presence since the 1940s.

Positive

• Secured a contract worth over $10 million for the Gardiner Expressway project.
• Selected for a vendor roster potentially worth $7 million, enhancing service offerings in Toronto.

Negative

• None.

CENTREVILLE, Va., April 16, 2021 /PRNewswire/ -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by the City of Toronto as the owner's engineer and technical advisor for the delivery of the F.G. Gardiner Expressway Rehabilitation project Section 2 – Dufferin Street to Strachan Avenue. The contract, valued at more than $10 million, includes conceptual and preliminary design, procurement services, contract administration and inspection services for upgrading this section of the major highway connecting western Toronto to the downtown core.

"The Gardiner Expressway is a key component of Toronto's highway system and has helped improve mobility in the community for more than 60 years," said Mark Fialkowski, executive vice president, Parsons' mobility solutions. "We look forward to helping the City improve their transportation offerings, from neighborhood mobility planning to rebuilding the critical Gardiner infrastructure."

Parsons was further selected by the City of Toronto to join the roster of eligible vendors providing professional engineering consulting services across 15 categories, ranging from traffic systems; strategic direction, policy, and program development; planning and conceptual design; traffic data collection, analysis & modelling; and stakeholder engagement. With a potential value of nearly $7 million, the contract further establishes Parsons as a mobility solutions provider of choice in the Toronto region.

Parsons has contributed to major infrastructure projects in Canada since the 1940's and has offices throughout the country, including multiple locations in Ontario, Quebec, Alberta, and British Columbia.

To learn more about Parsons' road and highway expertise, visit Parsons.com/road-highway/.

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

 

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SOURCE Parsons Corporation

FAQ

What is the value of the contract Parsons secured for the Gardiner Expressway?

The contract is valued at over $10 million.

What additional contract was Parsons awarded by the City of Toronto?

Parsons was selected for a roster of eligible vendors for engineering consulting services with a potential value of nearly $7 million.

When was the announcement made regarding Parsons' contract for the Gardiner Expressway?

The announcement was made on April 16, 2021.

How does Parsons' role contribute to Toronto's infrastructure?

Parsons will serve as the owner's engineer and technical advisor for the rehabilitation of a critical section of the Gardiner Expressway.

What is Parsons known for in Canada?

Parsons has been involved in major infrastructure projects in Canada since the 1940s.