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SNC-Lavalin (TSX:SNC) receives contract to replace Florida bridge over the Intracoastal Waterway

Industrial, Market News
TSX:SNC
09 January 2023 13:15 (EDT)

SNC-Lavalin (SNC) received a design and engineering contract to replace the Shepard Broad Causeway bridge in south Florida.

The project will provide multi-modal safety improvements, increase mobility, enhance hurricane evacuation capability and ease daily and seasonal congestion. It will replace the aging bascule bridge with a bridge that meets current design standards and is consistent with United States Coast Guard (USCG) regulations.

Ian L. Edwards, President and Chief Executive Officer of SNC-Lavalin, commented on the news.

“Our longstanding expertise in the transportation sector enables us to tailor our capabilities. It helps our clients develop safer, more reliable, customer-focused solutions that solve today’s problems while also considering future demands.”

Under the multi-year contract, SNC-Lavalin will serve as the prime consultant on the project. The company will provide the feasibility and environmental study, development of both concept plan and full design packages and construction engineering and inspection (CEI) services. The team will focus on minimizing project delays and ensuring schedule efficiency.

SNC-Lavalin is a professional services and project management company. It creates sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects.

SNC-Lavalin Group Inc. (SNC) is up 3.50 per cent, trading at C$26.93 per share at 1:10 pm ET.


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