Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Stantec Inc.
  6. News
  7. Summary
    STN   CA85472N1096


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Stantec : Cedar Island Marsh project aims to help protect Virginia's Eastern Shore

10/12/2021 | 07:52am EST

Leading global design firm Stantec has begun the next phase of design support and hydrodynamic modeling for the Cedar Island Marsh creation project, in collaboration with the Virginia Institute of Marine Science (VIMS). The project aims to improve barrier-island and marsh resilience on a 216-acre site to protect against coastal erosion and island breaching, while expanding wildlife habitat and ecosystem services. This will help protect underserved coastal communities against the impacts of coastal flooding and damage from storm surge.

Virginia's Eastern Shore is fronted by 13 barrier islands which, along with their marshes and shallow lagoons, play a vital role in protecting mainland communities by providing a buffer from coastal storms and sea level rise. They also serve as centers of commerce for agriculture, aquaculture, tourism, and recreation. Of the 13 Islands, Cedar Island was selected for the project because it is one of the most dynamic in the region. The rapid deterioration of its southern shore poses multiple threats, including flood risks for the Town of Wachapreague, disruption to navigation routes, and reduced economic vitality of the central eastern shore, which relies heavily on the ecosystem services of the marshes and bays.

Using an innovative, science-based design, the restoration plan consists completely of natural and nature-based features, including the construction of more than 200 acres of new tidal marsh, which will be planted with native, desirable marsh grasses. The result will lead to a complete, contiguous back-barrier marsh habitat for the most vulnerable areas of southern Cedar Island that allow for natural barrier-island rollover and enhanced resilience against storm events and continued sea level rise. Additionally, the design team expects the new marsh will increase the value of carbon storage benefits.

"As sea level rise and the frequency of severe weather events continue to increase, so do the threats to our shoreline communities and ecosystems," said Daniel Proctor, principal and water resources engineer at Stantec. "Using a nature-based approach allows our team to create a solution that will help protect the mainland coastline while restoring critical habitat and mitigating negative environmental impacts."

Stantec is a leader in environmental engineering and restoration, having supported a variety of large-scale projects worldwide. This includes designing the Prime Hook National Wildlife Refuge Restoration in Delaware, which restored two miles of shoreline, restored acres of threatened salt marsh, and protects vital natural habitats from severe storms. Stantec also supported the Terrebonne Basin Barrier Islands and Beach Nourishment project, which restored critical beach, dune, and marsh habitat to protect fragile inland marshes. Just as Prime Hook serves as a worldwide template for shoreline resiliency and salt marsh restoration, Cedar Island has the potential to be a model for back-barrier habitat creation and the slowing of barrier migration through reduced breaching risks.

An article on the Cedar Island project entitled "Leveraging the Interdependencies Between Barrier Islands and Backbarrier Saltmarshes to Enhance Resilience to Sea-Level Rise " was recently published in the journal Frontiers of Marine Science. The article was written in partnership by researchers at the Virginia Institute of Marine Science, Randolph-Macon College, George Washington University, and Stantec senior coastal engineers, Jeff Tabar and Todd DeMunda.

Hydrodynamic modeling for the Cedar Island Marsh project is expected to be completed in 2022. Subsequent final designs and permitting efforts are awaiting additional funding.

About Stantec
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.

We care about the communities we serve-because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN.

For more information about Stantec's response to COVID-19, visit Responding to COVID-19.

Media Contact
Ben Carter
Stantec Media Relations
Ph (352) 406-2251


Stantec Inc. published this content on 12 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2021 11:51:02 UTC.

ę Publicnow 2021
All news about STANTEC INC.
12/02STANTEC : recognized nationally for the Denver Water Administration Building
12/02STANTEC : selected to lead development of Downtown Area Master Plan for the City of Pleasa..
12/01STANTEC : Palm Beach County Water Utilities Department certified as the first water utilit..
11/30STANTEC : developing floodplain modeling and mapping efforts for The Texas Water Developme..
11/30Equinox Resources to Start Drilling at Hamersley Project
11/25STANTEC : awarded project by European Commission to improve Sustainable Energy Connectivit..
11/24SNC-Lavalin Says JV Reselected to Provide Flood Mitigation Support for FEMA
11/23STANTEC : Federal Highway Administration selects Stantec-led joint venture for constructio..
11/23STANTEC : Walsh-Stantec design-build team selected to assist King County Metro begin trans..
11/19STANTEC : Chicago's Red and Purple Modernization Program reaches major milestone with comp..
More news
Analyst Recommendations on STANTEC INC.
More recommendations
Sales 2021 3 646 M 2 843 M 2 843 M
Net income 2021 245 M 191 M 191 M
Net Debt 2021 1 354 M 1 056 M 1 056 M
P/E ratio 2021 32,4x
Yield 2021 0,93%
Capitalization 7 818 M 6 103 M 6 097 M
EV / Sales 2021 2,52x
EV / Sales 2022 2,08x
Nbr of Employees 22 000
Free-Float 99,7%
Duration : Period :
Stantec Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STANTEC INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 70,31 CAD
Average target price 76,83 CAD
Spread / Average Target 9,28%
EPS Revisions
Managers and Directors
Gordon Allan Johnston President, Chief Executive Officer & Director
Theresa B. Y. Jang Chief Financial Officer & Executive Vice President
Douglas K. Ammerman Chairman
Chris McDonald Chief Information Officer & Senior Vice President
Donald James Lowry Independent Director
Sector and Competitors
1st jan.Capi. (M$)
STANTEC INC.70.32%6 103
VINCI6.61%55 867
FERROVIAL, S.A.13.27%21 349