Insituform Technologies Awarded $6M Contract Extension from Scottsdale, Ariz.
Insituform Technologies Inc. (Nasdaq Global Select Market: INSU) has announced that it has received a contract extension from the City of Scottsdale, Ariz., valued at approximately $6 million for the cured-in-place pipe (CIPP) rehabilitation of 75,000 ft of small- and medium-diameter wastewater pipelines.
This negotiated contract is the first one-year extension of the initial three-year term contract and provides the City of Scottsdale the option to extend for a fifth year.
Insituform vice president and general manager Ken Foster said, “Our work in
Insituform expects to conduct this work from September 2011 through mid-year 2012.
Earlier this year, Insituform was awarded the Project of the Year by the Arizona American Public Works Association (APWA) Chapter in the Environment Category for projects under $5 million for another project in nearby