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Parsons Leads Design for $1.66 Billion Rail Project

Parsons Leads Design for $1.66 Billion Rail Project

Parsons Awarded Lead Design Contract

Parsons Corporation (NYSE: PSN), a prominent player in rail and transit, environmental solutions, aviation, and engineering, has been selected as the lead designer for the City Center Guideway and Stations Project by the Honolulu Authority for Rapid Transportation (HART). The company will work as a subcontractor to Tutor Perini Corporation (NYSE: TPC), a well-known civil, building, and specialty construction firm, on this significant $1.66 billion project.

Parsons' Commitment to Innovation

Mark Fialkowski, President of Infrastructure North America for Parsons, stated, “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.” He emphasized that their team of experts is focused on developing sustainable and efficient transportation systems that enhance connectivity and improve the quality of life for everyone.

Project Overview

The project encompasses the design and construction of six rail stations along with approximately three miles of elevated rail guideway. This guideway will start just east of the existing Middle Street Transit Center Station and will conclude at the Civic Center Station, which is set to be located just east of downtown. Design work is expected to commence soon, while construction is projected to begin in the latter half of 2025, with substantial completion anticipated in the following years.

About Parsons

Parsons (NYSE: PSN) is a leading provider of disruptive technology in the national security and global infrastructure sectors. Their expertise spans 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.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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