Parsons Announces Lead Engineering Role on Toll Lane Project
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Parsons Selected as Lead Engineer for State Route 400 Project
Parsons Corporation (NYSE: PSN) has been chosen as the lead engineering firm for the State Route 400 (SR 400) Express Lanes Major Mobility Investment Program (MMIP) Project, as announced by the Georgia Department of Transportation (GDOT) and the Georgia State Road and Tollway Authority (SRTA). The project is a Public Private Partnership (P3) awarded to SR 400 Peach Partners, which includes companies like Acciona Concesiones, ACS Infrastructure, and Meridiam. They will manage operations, maintenance, and toll operations, while Dragados and Acciona Construction will lead construction efforts, and Indra USA will handle toll systems integration.
Project Overview and Significance
This significant $4.6 billion investment aims to add express lanes in both directions along an approximately 16-mile stretch of SR 400, stretching from the North Springs MARTA Station to about one mile north of McFarland Parkway. The project incorporates advanced electronic tolling systems projected to remain under a 50-year concession period, enhancing traffic management and environmental standards. With an expected surge in the local population and job market, the project is designed to accommodate an anticipated increase of 144,000 residents and 114,000 jobs by the year 2050. Innovative dynamic toll systems are set to alleviate existing traffic congestion and minimize vehicle emissions, aligning with modern environmental standards.
Technological Innovations
As part of the ongoing technological advancements in transportation, the project will feature Cellular Vehicle-to-Everything roadside technologies. These innovative solutions will enable effective management of connected and automated vehicles, improving overall traffic supervision. Parsons Corporation prides itself on being at the forefront of design and engineering, with a mission to enhance roadway connectivity and reduce the environmental footprint of transportation systems. Mark Fialkowski, president of Infrastructure North America for Parsons, emphasized the company's commitment to delivering notable changes in transportation infrastructure.
Integration with Public Transit
The project also integrates a significant investment in the regional transit system, with a $100 million state bond allocated for critical components of MARTA’s Bus Rapid Transit (BRT) line. This BRT line will commence at the North Springs MARTA Station and extend to the Windward Parkway Park and Ride, ensuring seamless connectivity with MARTA’s Red Line train services. This integration reflects Parsons' vision of creating multi-modal transportation solutions that enhance accessibility and mobility across the region.
Expertise and Commitment to Infrastructure
Parsons Corporation boasts over three decades of extensive experience in designing and delivering a myriad of infrastructure projects worldwide, including meticulously constructed roads, highways, bridges, and transportation systems such as passenger and freight rail, public transit, airports, and maritime facilities. Their portfolio encompasses more than 10,000 miles of roadways and 4,500 bridges, alongside over 50 advanced traffic management system deployments. These systems play a critical role in improving safety and travel efficiency, further solidifying the company's reputation for innovation in infrastructure.
Contact Information
For media inquiries and additional information, please contact:
Lexus K. White
+1 470.510.6690
Lexus.White@parsons.com
For investor relations, kindly reach out to:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.us
Frequently Asked Questions
What is the role of Parsons Corporation in the SR 400 project?
Parsons Corporation is the lead engineering firm for the State Route 400 Express Lanes project.
How much is the SR 400 project estimated to cost?
The total cost of the project is approximately $4.6 billion.
What types of technologies will be implemented in the project?
The project will feature Cellular Vehicle-to-Everything technologies alongside advanced traffic management systems.
How will the project impact traffic and the environment?
The project aims to reduce traffic congestion and emissions through dynamic toll systems and efficient traffic management.
What are the public transit enhancements associated with this project?
A $100 million investment will enhance MARTA's Bus Rapid Transit line, improving regional connectivity.
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