Parsons Chosen as Lead Engineer for State Route 400 Project
Parsons Corporation (NYSE: PSN) has been selected as the lead engineering firm for the State Route 400 (SR 400) Express Lanes Major Mobility Investment Program (MMIP) Project. This announcement comes from the Georgia Department of Transportation (GDOT) and the Georgia State Road and Tollway Authority (SRTA). The project is part of a Public Private Partnership (P3) awarded to SR 400 Peach Partners, which includes notable companies such as Acciona Concesiones, ACS Infrastructure, and Meridiam. These partners will oversee operations, maintenance, and toll management, while Dragados and Acciona Construction will take charge of the construction efforts. Indra USA will be responsible for integrating the toll systems.
Overview and Importance of the Project
This ambitious $4.6 billion initiative aims to introduce express lanes in both directions along a roughly 16-mile stretch of SR 400, extending from the North Springs MARTA Station to about one mile north of McFarland Parkway. The project will implement advanced electronic tolling systems, which are expected to operate under a 50-year concession period, thereby improving traffic management and environmental standards. Given the anticipated growth in the local population and job market, the project is designed to support an expected increase of 144,000 residents and 114,000 jobs by 2050. The innovative dynamic toll systems are intended to ease current traffic congestion and reduce vehicle emissions, aligning with contemporary environmental standards.
Technological Advancements
In line with ongoing advancements in transportation technology, the project will incorporate Cellular Vehicle-to-Everything roadside technologies. These cutting-edge solutions will facilitate efficient management of connected and automated vehicles, enhancing overall traffic supervision. Parsons Corporation is committed to being a leader in design and engineering, with a focus on improving roadway connectivity and minimizing the environmental impact of transportation systems. Mark Fialkowski, president of Infrastructure North America for Parsons, highlighted the company's dedication to making significant improvements in transportation infrastructure.
Integration with Public Transit Systems
This project also includes a substantial investment in the regional transit system, featuring a $100 million state bond designated for essential components of MARTA’s Bus Rapid Transit (BRT) line. This BRT line will begin 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 aligns with Parsons' vision of creating multi-modal transportation solutions that enhance accessibility and mobility throughout the region.
Expertise and Dedication to Infrastructure Development
Parsons Corporation brings over thirty years of extensive experience in designing and executing a wide range of infrastructure projects globally. Their portfolio includes meticulously constructed roads, highways, bridges, and various transportation systems such as passenger and freight rail, public transit, airports, and maritime facilities. With more than 10,000 miles of roadways and 4,500 bridges to their credit, as well as over 50 advanced traffic management system deployments, Parsons plays a vital role in enhancing safety and travel efficiency, further establishing their reputation for innovation in infrastructure.
Contact Information
For media inquiries and further information, please reach out to:
Lexus K. White
+1 470.510.6690
Lexus.White@parsons.com
For investor relations, please contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.us
Frequently Asked Questions
What is Parsons Corporation's role in the SR 400 project?
Parsons Corporation serves as the lead engineering firm for the State Route 400 Express Lanes project.
What is the estimated cost of the SR 400 project?
The project is estimated to cost around $4.6 billion.
What technologies will be implemented in the project?
The project will utilize Cellular Vehicle-to-Everything technologies and advanced traffic management systems.
How will the project affect traffic and the environment?
The initiative aims to alleviate traffic congestion and reduce emissions through dynamic toll systems and efficient traffic management.
What public transit improvements are associated with this project?
A $100 million investment will enhance MARTA's Bus Rapid Transit line, improving connectivity across the region.
