TRC to Support Pennsylvania’s Rapid Bridge Replacement Program
Jan 12, 2015
Company to Provide Construction Engineering Inspection as Part of Public Private Partnership
LOWELL, MA--(Marketwired - Jan 12, 2015) - TRC Companies, Inc. (
: TRR ) has been awarded a $26 million contract to provide construction engineering inspection services for more than 500 bridges throughout the state of Pennsylvania. The project is part of the Pennsylvania Department of Transportation's Rapid Bridge Replacement program, a public-private-partnership to repair aging and deficient infrastructure quickly, cost effectively and with minimum impact to travelers. TRC will perform the work for the project's development entity, Plenary Walsh Keystone Partners. "TRC is proud to be part of this tremendous effort to improve Pennsylvania's critical transportation infrastructure," said Chris Vincze, Chairman and Chief Executive Officer. "The need to bring the nation's highways, bridges, and railways into a state of good repair is undeniable. Public-private-partnerships that enable the flow of capital and speed project completion are an increasingly effective approach, as state budgets remain tight. We are dedicated to helping clients achieve their ultimate goals by actively participating in innovative project delivery methods and by providing creative solutions to project challenges. "
Under the contract, TRC will conduct construction quality acceptance for more than 500 bridges (with potential for expansion to include additional bridges) and will support reconstruction with pretressed, precast, and steel fabrication inspection. The project will begin in the summer of 2015 and is required to be completed within 36 months. About TRC
A pioneer in groundbreaking scientific and engineering developments since the 1960s, TRC is a national engineering, consulting and construction management firm that provides integrated services to the energy , environmental and infrastructure markets. TRC serves a broad range of clients in government and industry, implementing complex projects from initial concept to delivery and operation. TRC delivers results that enable clients to achieve success in a complex and changing world. For more information and updates from the Company, visit TRC's website at www.TRCsolutions.com and follow TRC on Twitter and StockTwits at @TRC_Companies and on LinkedIn . Forward-Looking Statements
Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss TRC's future expectations, contain projections of the Company's future results of operations or of its financial condition, or state other "forward-looking" information. TRC believes that it is important to communicate its future expectations to its investors. However, there may be events in the future that the Company is not able to accurately predict or control and that may cause its actual results to differ materially from the expectations described in its forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the uncertainty of TRC's operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments; regulatory uncertainty; the availability of funding for government projects; the level of demand for TRC's services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; the availability and adequacy of insurance; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See the risk factors and additional discussion in TRC's Annual Report on Form 10-K for the fiscal year ended June 30, 2014, and other factors included from time to time in the Company's other subsequent filings with the Securities and Exchange Commission. Contact Information