Parsons Leads Design for $1.66 Billion Rail Project
Parsons Awarded Lead Design Contract
Parsons Corporation (NYSE: PSN), a global leader in rail and transit, environment solutions, aviation, and engineering, will serve as the lead designer on the Honolulu Authority for Rapid Transportation’s (HART) City Center Guideway and Stations Project. The company is a subcontractor to Tutor Perini Corporation (NYSE: TPC), a leading civil, building and specialty construction company, on the $1.66 billion project.
Parsons' Commitment to Innovation
“We are proud to lead the industry in rail and transit design with an innovative approach and commitment to excellence that ensures we deliver cutting-edge solutions that meet the evolving needs of our clients and communities,” said Mark Fialkowski, President of Infrastructure North America for Parsons. Our team of experts is dedicated to creating sustainable and efficient transportation systems that enhance connectivity and improve quality of life.
Project Overview
The entire project scope of work includes the design and construction of six rail stations and approximately three miles of elevated rail guideway beginning just east of the existing Middle Street Transit Center Station and ending at the Civic Center Station, which will be located just east of downtown. Project design will begin shortly, while construction is estimated to start in the second half of 2025 with substantial completion expected in subsequent years.
About Parsons
Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection.
Contact Information
Media Contact:
Bryce McDevitt
+1 703.851.4425
bryce.mcdevitt@parsons.com
Investor Relations Contact:
Dave Spille
+1 703.775.6191
Dave.Spille@parsons.com
Frequently Asked Questions
What is the value of the Honolulu rail project?
The project is valued at $1.66 billion.
What will Parsons design as part of the project?
Parsons will lead the design of six rail stations and an elevated rail guideway.
When is the construction for the rail project expected to begin?
Construction is estimated to start in the second half of 2025.
How does Parsons contribute to transportation solutions?
Parsons focuses on creating sustainable and efficient transportation systems to enhance connectivity and improve quality of life.
Who is the prime contractor for the project?
The prime contractor for the project is Tutor Perini Corporation.
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