Atlanta Awards Insituform Rehab Contracts Totaling $15.9 Million
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.
Jim Newkirk, general manager for Insituform’s East Region, noted, “Insituform has rehabilitated approximately 150 miles of sewer pipelines for the City of Atlanta since 1989. We have dedicated resources to the City in order to help it meet the demands of its Clean Water Atlanta Program.”
As the general contractor on this project, Insituform will utilize local minority contractors for various aspects of this project. The project will rehabilitate more than 65,000 ft of small-diameter sanitary sewers across the Atlanta area. Work on this project was expected to begin in January 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 Newkirk. “We are prepared to proceed immediately and look forward to working with the City on these contracts.”