Southland Secures Major $132 Million Water Project Contract
Southland Holdings Wins a Significant Water Treatment Contract
Southland Holdings, Inc. (NYSE American: SLND and SLND WS) is thrilled to announce that its subsidiary, Oscar Renda Contracting, has secured a substantial contract valued at $132 million to develop a new water treatment plant. This project is part of their ongoing commitment to providing top-notch infrastructure services.
Details of the Contract Award
The scope of this exciting project includes the construction of a state-of-the-art water treatment plant building, a dedicated storage facility, and necessary site improvements. Additionally, the existing storage structure and the current treatment facility will be demolished to make way for this significant upgrade. Awarded for its exemplary value proposition, this contract is a testament to Southland’s long-standing relationship with the Bureau of Reclamation, a pivotal client in their portfolio.
Project Timeline and Impact
This award is expected to be reflected in Southland's third quarter backlog for the upcoming fiscal year, highlighting the company’s robust growth trajectory and commitment to its client base. The new facility is set to improve water treatment processes, ultimately benefiting the communities served by the Bureau.
About Southland Holdings
Founded in 1900, Southland is a premier provider of specialized infrastructure construction services. The company has evolved into one of North America’s largest infrastructure construction entities, with expertise across various sectors including bridges, tunneling, communications, transportation, and marine structures. It also boasts extensive experience in water and wastewater treatment as well as pipeline construction.
Commitment to Infrastructure Development
Headquartered in Grapevine, Texas, Southland Holdings is dedicated to enhancing the infrastructure landscape throughout the region and beyond. With a focus on quality and reliability, the company continues to grow and adapt to the changing needs of its clients.
Innovation and Future Outlook for Southland
Southland's ability to secure such significant contracts is indicative of its innovative approach and robust solutions, designed to address the most pressing infrastructure needs. As they look to the future, Southland Holdings remains committed to developing state-of-the-art infrastructure projects that meet the demands of a growing population.
By leveraging technology and experienced professionals, Southland aims to set new benchmarks in the construction industry.
Frequently Asked Questions
What is the value of the contract secured by Southland?
The contract is valued at $132 million, focusing on a new water treatment plant.
Who is the client for this water treatment project?
The client for the project is the Bureau of Reclamation.
What services does Southland Holdings provide?
Southland provides specialized infrastructure construction services in various sectors like water treatment, bridges, tunneling, and more.
When will this project be reflected in Southland’s backlog?
This project will be included in the third quarter backlog of the fiscal year 2024.
Where is Southland Holdings headquartered?
Southland Holdings is headquartered in Grapevine, Texas.
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