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Stock impact report

Parsons Named Lead Designer of I-64 Hampton Roads Express Lanes Segment

Parsons Corporation (PSN) 
Last parsons corporation earnings: 3/10 06:30 am Check Earnings Report
Company Research Source: GlobeNewswire
CHANTILLY, Va., March 25, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced its role as the lead designer for the design-build team delivering the Virginia Department of Transportation’s (VDOT) Interstate 64 (I-64) Hampton Roads Express Lanes (HREL) Norfolk Segment 1B, a vital project that fills a critical bi-directional gap in the corridor's current Express Lanes toll lane system. The effort is being led by Lane Construction Corporation, who selected Parsons based on the company’s history of designing and delivering exquisite major transportation improvements around the world. The HREL Norfolk Segment 1B project has a total design-build contract value of $389 million and will convert the current three existing general-purpose lanes and shoulders in each direction into one- part-time, high-occupancy express shoulder lane and three general-purpose lanes in each direction of I-64 between I-264 and Tidewater Drive to support the continued development of the Hamp Show less Read more
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