MONTREAL, March 8, 2017 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that is has been awarded an engineering contract by the Illinois Department of Transportation, which has commissioned the company's Rail & Transit team to provide Fleet Management services. These include the oversight of maintenance and operation for a pool of Next-Generation High Speed rail equipment.
The contract has an initial term of three years, valued at $4.8M USD. There are also two additional three year options, with a combined value of $14M USD.
The new fleet will consist of at least 33 new locomotives and up to 88 new bi-level cars. These will replace the current equipment, which is leased from a different service provider. The equipment purchased will be jointly owned by the states of Illinois, Michigan, Missouri and Wisconsin.
"We are proud to have been awarded this project, which draws upon our extensive Fleet Management experience," said Kevin George, Vice-President, Rail & Transit Engineering in North America, SNC-Lavalin. "The United States is a key growth area for Rail & Transit and we're delighted to be providing expertise in the region."
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees are proud to build what matters. Our teams provide engineering, procurement, construction, completions and commissioning services together with a range of sustaining capital services to clients in four industry sectors: oil and gas, mining and metallurgy, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Louis-Antoine Paquin, Manager, Media Relations, 514-393-8000, ext. 54772, [email protected]; Investors: Denis Jasmin, Vice President, Investor Relations, 514-393-8000, ext. 57553, [email protected]