Atlanta Awards Insituform Contracts Worth $15.9 Million for Sewer Rehab

The City of Atlanta’s Department of Watershed Management has awarded Insituform Technologies Inc. (Nasdaq Global Select Market: INSU) two contracts with a combined value of $15.9 million for the rehabilitation of sewer pipes in Atlanta neighborhoods as part of the City’s Clean Water Atlanta Program.

The project will rehabilitate more than 65,000 ft of small diameter sanitary sewers across the Atlanta area. Work on this project is expected to begin in January 2010 and take approximately 15 months to complete.
“The Department of Watershed is tasked through the Clean Water Atlanta Program to rehabilitate hundreds of miles of sewer. These two contracts play an integral role in helping the City of Atlanta meet its goals and control the expenses of the system overhaul so those costs are not passed on to Atlanta residents,” said Jim Newkirk, general manager for Insituform’s East Region. “We are prepared to proceed immediately and look forward to working with the City on these contracts.”

Referring to the City’s efforts to comply with U.S. EPA consent decree mandates for Atlanta’s water systems, Atlanta Mayor Shirley Franklin recently said, “Hundreds of dedicated employees and experienced professionals [work] to ensure that the City’s Clean Water Program meets federal standards and that the City fulfills its obligations to repair and upgrade our century old water/sewer system. I am extraordinarily proud of the City’s commitment to Clean Water and to its management of this complex $4 billion program.”