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Stock impact report

Parsons To Design Advanced Rapid Transit System in San Antonio

Parsons Corporation (PSN) 
Last parsons corporation earnings: 3/10 06:30 am Check Earnings Report
Company Research Source: GlobeNewswire
CHANTILLY, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company was selected by VIA Metropolitan Transit Authority (VIA) to complete final design of the Advanced Rapid Transit (ART) program for the VIA Rapid Green Line in San Antonio, Texas. The $20 million, five-year contract represents new work for the company. “San Antonio’s ART program is an innovative approach to improving community connectivity,” said Sean Tenney, vice president and Texas Regional Manager for Parsons. “This modern public transportation solution is designed to move more people faster and farther – helping support economic growth as the City of San Antonio continues to grow at a rapid pace.” The project, with an estimated capital cost of more than $400 million, is receiving funding from a variety of sources, including the Federal Transportation Administration (FTA) New Starts Capital Improvement Grant (CIG) as well as local funding sources. The 12-mile VIA Rap Show less Read more
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