STOCK TITAN

Stantec selected by Southern Nevada Water Authority to help deliver critical Stage II Reliability Upgrades Project

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Stantec has been selected by the Southern Nevada Water Authority for the US$125 million Stage II Reliability Upgrades Project, enhancing water access in the Las Vegas Valley. This project addresses water scarcity concerns heightened by a two-decade drought and Lake Mead's water shortage declaration. Stantec will design a new 90 MGD Flamingo Pumping Station and a pipeline to improve resilience and capacity. The initiative is part of a broader US$3.17 billion capital plan to fortify the regional water supply infrastructure.

Positive
  • Awarded US$125 million contract for water system upgrades.
  • Project aims to improve water reliability and sustainability in a drought-affected area.
  • Designing a new 90 MGD pumping station to bolster existing infrastructure.
Negative
  • Project completion is subject to potential delays or cancellations.

Comprehensive project to support sustainable, resilient, and redundant water future for the Las Vegas Valley

EDMONTON, Alberta and NEW YORK and LAS VEGAS, Feb. 08, 2022 (GLOBE NEWSWIRE) -- TSX, NYSE:STN

The Southern Nevada Water Authority (SNWA) has selected Stantec, a global leader in sustainable design and engineering, to help deliver the US$125 million Stage II Reliability Upgrades Project to support long-term sustainable and resilient water access for the Las Vegas Valley.

“We’re incredibly excited to support SNWA on this critical water reliability project,” said Margaret Regan, Stantec’s project manager, based in Las Vegas. “Drought impacts have only increased the need for a reliable and sustainable water source. We look forward to helping the Las Vegas Valley have a safe and sustainable water delivery system for decades to come.”

The water supply of many major urban areas in the United States is at risk due to aging infrastructure, water scarcity, a lack of resiliency to extreme weather events, and insufficient system capacity. In August of 2021, federal officials issued Lake Mead’s first-ever water shortage declaration. Two decades of drought have significantly reduced Lake Mead’s water level, increasing the need to build systems that support sustainable, resilient, and redundant water distribution and meet the Las Vegas region’s current and future needs.

Project at a glance

The Hacienda Pumping Station is one of the Valley’s water supply conduits, meeting about 35% of the area’s water demand, equivalent to 180 million gallons per day (MGD). In service since 1980, the pumping station requires system upgrades and replacements to protect against aging, provide reliability, and prevent water loss.

Stantec’s role on the Stage II Reliability Upgrades Project will include the design of the new Flamingo Pumping Station and the design of approximately two miles of interconnecting pipeline from the station to the Pittman Lateral, which conveys water to the central Las Vegas Valley.

Delivering the new 90 MGD Flamingo Pumping Station will serve two primary functions: to provide backup to the existing Hacienda Pumping Station (which has served the area for decades) in the event it is out of service and to supplement the capacity of Hacienda during periods of very high demand. Future projects will include rehabilitating portions of the Pittman Lateral and localized improvements to enhance the water system’s reliability along this central corridor.

Addressing long-term, regional needs

The project is part of SNWA’s Major Construction and Capital Plan (MCCP) to help identify and deliver additional water resources, major system repairs and replacements, and water quality enhancements across the Las Vegas Valley. The 2020 MCCP includes 22 projects totaling an estimated US$3.17 billion.

Stantec’s preliminary design for the Stage II Reliability Upgrades Project is expected to be complete in February of 2022.

The Stage II Reliability Upgrades Project is one of several conveyance projects Stantec is helping to deliver in support of increasing resiliency and capacity, while keeping a keen eye on environmental impacts. In Vancouver, Stantec is leading the design, construction, and commissioning of the Coquitlam No. 4 Pipeline to provide additional transmission capacity to meet the increasing demand for water. Similarly, in Illinois, the Alternative Water Supply Program will generate sustainable water quantity through a guaranteed fair and equitable water cost using a new Lake Michigan water source for the City of Joliet. The firm is also spearheading professional engineering and support services for the Tampa Bay Water Southern Hillsborough County Supply Expansion Pipelines to reliably provide clean, safe water to the Tampa Bay region now and for future generations.

By viewing all aspects of water as an integrated system, Stantec is helping to confront global water challenges and accelerate the pathway to a more sustainable, reliable, and affordable future that provides improved water, energy, and infrastructure solutions. Learn more at stantec.com/water.

About Stantec
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That’s why at Stantec, we always design with community in mind.

We care about the communities we serve—because they’re our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We’re designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.

Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding the projects described above. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the projects described above may be delayed, cancelled, suspended or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about the projects referred to above and their expected impact. Readers are cautioned that such information may not be appropriate for other purposes.

Media ContactInvestor Relations Contact
Danny CraigTom McMillan
Stantec Media RelationsStantec Investor Relations
Ph (949) 632-6319Ph (780) 917-8159
danny.craig@stantec.comtom.mcmillan@stantec.com

To subscribe to Stantec’s email news alerts, please fill out the subscription form, which is available on the Contact Information page of the Investors section at Stantec.com.

Design with community in mind

 


FAQ

What is the Stage II Reliability Upgrades Project by Stantec?

It is a US$125 million project to enhance water access and reliability in the Las Vegas Valley.

How does the Stage II project impact the Las Vegas Valley?

It addresses water scarcity issues due to drought and aims to improve the resiliency of the water supply system.

What is the purpose of the Flamingo Pumping Station in this project?

The Flamingo Pumping Station will provide backup to the existing system and supplement capacity during high demand.

What is the total estimated cost of the Major Construction and Capital Plan (MCCP)?

The MCCP includes 22 projects totaling approximately US$3.17 billion.

What risks are associated with the Stage II Reliability Upgrades Project?

There is a risk of the project being delayed, cancelled, or suspended.

Stantec, Inc.

NYSE:STN

STN Rankings

STN Latest News

STN Stock Data

9.10B
113.61M
0.27%
73.31%
0.92%
Engineering & Construction
Industrials
Link
United States of America
Edmonton