NYSE, TSX:STN
Stantec, a global leader in sustainable design and engineering,
has been selected to continue construction engineering and
inspection services for the east section of Honolulu Authority for
Rapid Transportation’s (HART) driverless and electric light rail
project. The US$119 million contract is an extension of existing
construction and engineering services Stantec is providing to HART
and will run through the end of 2026, with the possibility of a
5-year extension to expected project completion in 2031. Stantec
staff will assist with construction management and successful
project delivery for HART’s large, complex construction projects,
including the light rail guideway, rail stations, and utility
relocation.
“HART light rail is one of the most iconic transit projects in
the United States, and a game-changer for transportation in
Hawaii,” said Brian Norris, Stantec’s project manager and
transportation business line leader. “We are extremely proud of the
work we are doing, and this effort is essential to delivering the
project for the people of Hawaii. Project management and
construction management are growth areas for our transportation
business, and we continue to provide this expertise across markets
in North America.”
Reducing Hawaii’s carbon footprint
HART’s light rail system is fully electric and will be the first
driverless light rail system in the United States by connecting
several transit and retail hubs on the island of Oahu. The 20-mile,
21-station elevated system will connect West Oahu with the Honolulu
International Airport, downtown Honolulu, and the Ala Moana Center,
a major shopping center and transit hub.
Honolulu’s population is expected to grow 10% by 2045. HART
light rail will support that growth by connecting people with jobs,
healthcare, and education; connecting visitors to beaches, hotels,
and attractions; and reducing congestion of surface traffic. At the
same time, HART light rail will contribute to Hawaii’s climate
goals by reducing transportation carbon emissions.
“Light rail is an essential part of improving transportation in
Hawaii and reaching our climate goals,” said Lori Kahikina,
executive director and CEO, HART. “Providing a connecting spine
through downtown, important transit centers, and the airport will
vastly improve our transit system. Stantec has been with us from
the early days, and we value their expertise and longstanding
service in delivering the project.”
Stantec’s work on this fully electric system also supports the
company’s commitment to the United Nations Sustainable Development
Goals, namely industry, innovation, and infrastructure (SDG 9);
sustainable cities and communities (SDG 11); and climate action
(SDG 13).
Stantec’s growth in Hawaii
Stantec has seen exponential growth in Hawaii since work began
on HART. From a single employee in 2015, the firm now has more than
40 full-time employees on the Islands. In addition to its work on
the HART project, the team also supports large-scale projects in
the community development, alternative energy, environmental
services, buildings, water, and transportation sectors.
With this new contract underway and other projects ramping up,
the Honolulu office is set to continue its expansion through
continued support of City and County of Honolulu, Hawaii Department
of Transportation, and Naval Facilities Engineering Systems
Command. This includes additional transportation projects
throughout the state related to ports and marine, dry docks,
airports, and local infrastructure.
Major transit projects at Stantec
HART is one of many large-scale transit projects currently being
delivered by Stantec. The firm is the lead engineer on the US$1.9
billion Long Island Rail Road expansion for the
Metropolitan Transportation Authority in New York, which will
modernize the busiest commuter line in the United States. In
Chicago, Stantec is leading the design on the Chicago Transit
Authority’s US$2.1 billion Red and Purple Modernization
Program. Stantec was also selected to provide infrastructure
engineering, procurement, and construction services
on Montreal’s Réseau express métropolitain (light rail
network), one of Quebec’s most important public transit projects.
In Ontario, Stantec is the technical advisor on the Hurontario LRT
and the Ontario Line—both major projects within the province’s
CAD$28.5 billion capital investment in transit.
With more than 25,000 employees across 6 continents, Stantec is
ranked as a top 10 global design firm by Engineering
News-Record and a top 10 architecture firm
by Architectural Record.
Learn more about transit at Stantec.
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'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.
Cautionary Note Regarding Forward-Looking StatementsThis 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.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit us at stantec.com or find us on social media.
Media
Contact |
Investor Contact |
Danny Craig |
Tanya Finney |
Stantec Media Relations |
Stantec Investor Relations |
Ph: (949) 632-6319 |
Ph: (403) 205-5791 |
danny.craig@stantec.com |
tanya.finney@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
Stantec (TSX:STN)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Stantec (TSX:STN)
Historical Stock Chart
Von Apr 2023 bis Apr 2024