13:14:28 EDT Tue 14 May 2024
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SNC-Lavalin Group Inc
Symbol SNC
Shares Issued 175,554,252
Close 2023-07-13 C$ 35.15
Market Cap C$ 6,170,731,958
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SNC-Lavalin wins $85M contract with Florida's Turnpike

2023-07-13 09:05 ET - News Release

Mr. Ian Edwards reports

SNC-LAVALIN AWARDED $85 MILLION US FLORIDA'S TURNPIKE ENTERPRISE ENGINEERING SERVICES CONTRACT

SNC-Lavalin Group Inc. has received a transportation development general engineering consultant (GEC) service contract from Florida's Turnpike Enterprise. The company will continue assisting Florida's user-financed transportation system in carrying out its five-year work program. The $85-million contract is a continuation of a 35-year relationship with the enterprise that began in 1988.

"This win reflects continued confidence in the efficiency and excellence of our end-to-end services that span the entire transportation ecosystem," said Ian L. Edwards, president and chief executive officer of SNC-Lavalin.

Florida's Turnpike Enterprise is a business unit of the Florida Department of Transportation (FDOT) and manages 822 kilometres of limited-access tolled roadway used by more than three million customers daily. Under the five-year contract, SNC-Lavalin will support toll facilities and transportation development, helping plan, design, finance, build, operate and maintain the turnpike system.

"For 35 years, we've been their trusted partner, always pursuing new innovations, improving cost-effectiveness, and ensuring value and quality of service to the travelling public," said Steve Morriss, president, engineering services, United States, Latin America, Asia Pacific, and mining and minerals, Atkins. "We are exceptionally honoured and privileged to help usher in the new era of the digital enterprise future for the enterprise."

SNC-Lavalin leverages intelligent mobility technology to turn data into insights through digital program/project management tools, predictive analytics and data visualizations, and data governance and to strengthen resiliency, sustainability and zero-emission vehicle infrastructure. Work to support SunTrax, Florida's Turnpike Enterprise and FDOT's transportation technology testing facility will continue furthering advancements in connected and autonomous vehicles (CAVs), improving safety and efficiency.

In addition to the enterprise, the company has held GEC and program management contracts providing similar services with multiple FDOT districts, Texas Department of Transportation's Central Texas Turnpike System, Central Texas Regional Mobility Authority, North Texas Tollway Authority, Georgia State Road and Tollway Authority, Colorado High Performance Transportation Enterprise, North Carolina Turnpike Authority and the Metropolitan Transportation Authority in New York State.

About SNC-Lavalin Group Inc.

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects. The company deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital -- and delivered to clients in key strategic sectors such as engineering services, nuclear, operations and maintenance, and capital.

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