Parsons To Design Advanced Rapid Transit System in San Antonio

Rhea-AI Summary

Parsons (NYSE: PSN) has been chosen by VIA Metropolitan Transit Authority to finalize the design of the Advanced Rapid Transit (ART) program for the VIA Rapid Green Line in San Antonio, Texas. The $20 million, five-year contract is a significant new project for Parsons. The ART system, with an estimated cost exceeding $400 million, will enhance community connectivity, support economic growth, and improve public transportation in San Antonio. The project is funded by various sources, including the Federal Transportation Administration's New Starts Capital Improvement Grant and local funds. The 12-mile VIA Rapid Green Line will feature 26 stations and connect key employment and residential areas in San Antonio.

Positive

• Parsons (NYSE: PSN) securing a $20 million contract to design the Advanced Rapid Transit (ART) program for the VIA Rapid Green Line in San Antonio, Texas.

• The project's estimated cost exceeding $400 million will improve community connectivity, support economic growth, and enhance public transportation in San Antonio.

• The funding from various sources, including the Federal Transportation Administration (FTA) New Starts Capital Improvement Grant and local funds, signifies strong financial support for the project.

• The 12-mile VIA Rapid Green Line featuring 26 stations and connecting key employment and residential centers is a significant infrastructure development for San Antonio.

Negative

• None.

CHANTILLY, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by VIA Metropolitan Transit Authority (VIA) to complete final design of the Advanced Rapid Transit (ART) program for the VIA Rapid Green Line in San Antonio, Texas. The $20 million, five-year contract represents new work for the company.

“San Antonio’s ART program is an innovative approach to improving community connectivity,” said Sean Tenney, vice president and Texas Regional Manager for Parsons. “This modern public transportation solution is designed to move more people faster and farther – helping support economic growth as the City of San Antonio continues to grow at a rapid pace.”

The project, with an estimated capital cost of more than $400 million, is receiving funding from a variety of sources, including the Federal Transportation Administration (FTA) New Starts Capital Improvement Grant (CIG) as well as local funding sources.

The 12-mile VIA Rapid Green Line will include 26 new stations and connect major employment and residential centers, including the San Antonio International Airport, through Downtown and south to the historic missions area. ART systems deliver fast, frequent, reliable public transit by dedicating bus lanes outside of regular traffic, utilizing bus-friendly traffic signals, and offering off-board fare collection options for faster boarding.

Parsons’ rail and transit experts have been connecting Texas for more than 50 years and have paved the way for numerous rapid transit projects with a proven track record of quality and experience around the United States.

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:                                        
Bernadette Miller
+1 980.253.9781
Bernadette.Miller@parsons.com

Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.com

FAQ

Who selected Parsons for the Advanced Rapid Transit (ART) program design in San Antonio?

Parsons was selected by VIA Metropolitan Transit Authority to finalize the design of the ART program.

What is the estimated cost of the ART program in San Antonio?

The ART program in San Antonio has an estimated capital cost of more than $400 million.

How many stations will the VIA Rapid Green Line in San Antonio have?

The VIA Rapid Green Line in San Antonio will feature 26 stations.

What are some of the key features of the ART system in San Antonio?

The ART system in San Antonio will deliver fast, frequent, reliable public transit by dedicating bus lanes outside of regular traffic, utilizing bus-friendly traffic signals, and offering off-board fare collection options for faster boarding.