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

STANTEC INC.

(STN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Stantec : Final phase of Narragansett Bay Combined Sewer Overflow Program breaks ground

06/21/2021 | 05:27am EDT

Construction has kicked off for the final phase of the Narragansett Bay Commission's (NBC) Combined Sewer Overflow (CSO) Program, which is expected to reduce overflow volumes by 98 percent and treat stormwater before it flows into the Narragansett Bay. The program will also reduce the closure frequency of shellfish beds in the bay, which has had a major economic impact on the community. Stantec, supported by teaming partner Pare Corporation, is serving as the lead designer and program manager for Phase III of the project.

Phase III involves the construction of the Pawtucket Tunnel, a 2.2-mile long, 30-foot diameter tunnel running underneath the communities of Pawtucket and Central Falls. Located at depth ranges of 115- to 155-feet below grade, the tunnel is designed to store 58.5 million gallons of combined sewer overflows. The CSO Program's first phase kicked off in 2001 with the construction of a three-mile long, 26-foot wide deep-rock tunnel under Providence to store stormwater runoff. Phase II, completed in 2015, added CSO interceptors to the Providence Tunnel, several sewer separation projects, and a wetlands storage facility.

The project's design-builder is CB3A, a joint venture comprised of CBNA, a U.S.-based subsidiary of French construction engineering firm Bouygues Travaux Publics, and local civil works contractor Barletta Heavy Division, in association with designer AECOM. Notice to proceed has been granted under a design-build contract worth $450 million.

'We are so looking forward to breaking ground on this critical clean water project next month, the largest single public works project in the State of Rhode Island and one that will greatly enhance our urban communities and Narragansett Bay as a whole. Because of this project, the next generation of Rhode Islanders will only ever know a clean bay and vibrant urban rivers. We value our relationship with Stantec and CB3A; we know they take issues of ratepayer affordability seriously and we appreciate the work they are doing with us to approach the dual goals of environmental and fiduciary excellence,' said Vincent J. Mesolella, Chairman of the Narragansett Bay Commission.

Designing for cost savings and optimization
Stantec and Pare Corporation have been involved with the project since 2014, during which time the team has identified numerous cost savings and project optimizations. Stantec utilized proprietary WARi™ (Weighted Average Residential index) methodology to analyze affordability scenarios and develop a four-sub-phase implementation plan that would maintain NBC's affordability goals.

The first and largest sub-phase, known as IIIA, includes construction of the Pawtucket Tunnel, which is expected to be operational by 2027. Once operational, the tunnel, along with several near-surface conveyance facilities, will address the most environmentally beneficial components of the program to capture combined sewer discharge which would otherwise overflow into the river leading into Narragansett Bay. The remaining sub-phases, which include additional near-surface conveyance facilities, green stormwater infrastructure, and a 10-foot diameter stub tunnel, will be completed in stages to help reduce the cost to NBC's rate payers.

During the Pawtucket Tunnel procurement phase, CB3A proposed further cost and time saving Alternative Technical Concepts, including raising the tunnel by 25 feet, tunnel liner ring design alternatives, and relocation of the tunnel pump station and launch shaft locations.

'With the frequency and intensity of storms on the rise, the time is now for communities to take action to protect human health and the environment,' said Melissa Carter, Vice President, Stantec. 'We are delighted to see ground break on the final phase of this momentous project, which will support the local economy and protect Rhode Island's beaches and water quality in Narragansett Bay for generations to come.'

A sustainable water future is complex and dynamic. By viewing water as an integrated system, Stantec is helping to confront global water challenges and accelerate the pathway to a more sustainable, reliable, and affordable future that provides improved water, energy, and infrastructure solutions. Learn more at stantec.com/water.

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'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 Contacts

Maggie Meluzio
Stantec Media Relations
(781) 221-1002
maggie.meluzio@stantec.com

Trevor Eckart
Stantec Media Relations
(215) 665-7187
trevor.eckart@stantec.com

Disclaimer

Stantec Inc. published this content on 21 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2021 09:26:05 UTC.


© Publicnow 2021
All news about STANTEC INC.
07/26STANTEC : Mark Koester honored with AzAA Corporate Member of the Year Award
PU
07/26STANTEC : awarded contracts for future fighter jet infrastructure in Quebec and ..
PU
07/22STANTEC : recognized for three projects at the 2021 Grands Prix du Design
PU
07/22STANTEC : Margaret Newman and John Bachmann join Stantec's Urban Places
PU
07/22STANTEC : Duarte Costa joins Stantec as Climate Change Expert, building technica..
PU
07/20STANTEC : 374Water Inc. enters into an agreement with Stantec to provide owner's..
PU
07/20STANTEC : UC Davis fully opens net zero student housing community with 3,290 bed..
PU
07/20STANTEC : 374Water Inc., enters into an agreement with Stantec to provide owner'..
PR
07/20374Water Inc. Enters into an Agreement with Stantec to Provide Owner's Repres..
CI
07/19STANTEC : designs Drummondville's new ultramodern water treatment plant
PU
More news
Financials
Sales 2021 3 730 M 2 990 M 2 990 M
Net income 2021 236 M 189 M 189 M
Net Debt 2021 689 M 553 M 553 M
P/E ratio 2021 28,3x
Yield 2021 1,11%
Capitalization 6 447 M 5 170 M 5 169 M
EV / Sales 2021 1,91x
EV / Sales 2022 1,75x
Nbr of Employees 22 000
Free-Float 99,7%
Chart STANTEC INC.
Duration : Period :
Stantec Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends STANTEC INC.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 58,08 CAD
Average target price 62,83 CAD
Spread / Average Target 8,18%
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.40.70%5 170
VINCI9.65%59 076
LARSEN & TOUBRO LIMITED24.38%30 254
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION LIMITED-10.26%28 965
FERROVIAL, S.A.10.62%21 783
CHINA RAILWAY GROUP LIMITED0.00%18 557