on ARCADIS (AMS:ARCAD)
Hudson Tunnel Project Achieves Key Contract Extension
MPA Delivery Partners, a joint venture including Arcadis, Mace, and Parsons Corporation, announced a significant contract extension for the Hudson Tunnel Project (HTP). The Gateway Development Commission awarded a $665 million, 4.5-year extension to continue project management.
The Hudson Tunnel Project aims to generate over 95,000 jobs across the U.S., fostering $19 billion in economic activity. By tapping into American suppliers in various states, the project showcases the resurgence of national construction.
The project is on track for 2035 completion of the new tunnel and 2038 rehabilitation of the existing one. This venture stands as a model for future infrastructure efforts, reflecting a strong collaboration between the public and private sectors.
R. E.
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