Insituform Technologies, Inc. (Nasdaq Global Select Market: INSU) announced June 11 the renewal of its term contract with the City of London, Ontario, Canada. Valued at US$6.2 million, this is the largest trenchless sewer rehabilitation project in the City’s history. Nearly US$2 million of the 2010 project is being funded through Canada’s Stimulus Funding Infrastructure Renewal Program. Including the successful completion of a US$5.9 million term contract in 2009, Insituform has been awarded over US$12 million in work with the City of London in the past two years.
Ken Foster, Insituform’s Vice President-Canada, said, “Our work on this project helps the City of London meet its rehabilitation goals with the least amount of inconvenience to its citizens. We have a long history with the City of London and look forward to continuing to provide experienced project management and high-quality rehabilitation solutions.”
Work on this project is expected to be completed by December 2010. Insituform CIPP will be used to rehabilitate nearly 25 miles of wastewater pipelines up to 48 in. in diameter.
City reports indicate the use of various trenchless technologies, including pipeline relining and repair, have resulted in cost savings of US$81 million over the last five years. “The City currently uses trenchless technologies for sewer relining and watermain relining. The benefits are many—cost savings, because the road doesn’t need to be excavated; minimized disruption (one day as opposed to four months); and the environmental benefits of not requiring new materials,” said City of London, Division Manger—Construction Administration, Justin Lawrence.
Insituform CIPP is a jointless pipe-within-a-pipe used to rehabilitate wastewater pipelines ranging in diameter from 6 to 96 in. Rehabilitating wastewater pipelines with Insituform CIPP reduces infiltration, restores structural integrity and increases flow capacity without disruption to communities, typically at a lower cost than dig and replace solutions.
Insituform Technologies, Inc. is a global leader in pipeline protection. Insituform provides proprietary technologies and services for rehabilitating sewer, water, energy and mining piping systems and the corrosion protection of industrial pipelines. More information about the Company can be found on its internet site at www.insituform.com.