Bowman selected as prime design consultant for pennsylvania turnpike commission's allegheny tunnel transportation improvement project
Reston, va.--( business wire )--bowman consulting group ltd. (collectively with its subsidiaries, the “company” or “bowman”) (nasdaq: bwmn) announced its selection by the pennsylvania turnpike commission (“ptc”) to serve as prime consultant with respect to preliminary and final design for the projected $400-500 million allegheny tunnel transportation improvement project in western pennsylvania (the “project”). as primary consultant, bowman will lead all associated design services as well as manage a team of environmental, structural, geotechnical and survey firms experienced with sizable, multifaceted transportation projects. the direct assignment was awarded to bowman's wholly owned mcmahon subsidiary. while the exact amount of the award has not yet been determined and will depend on the ultimate scope of work, the turnpike has initially authorized $16 million to commence preliminary design with additional allocations to be determined as the project progresses.
BWMN Ratings Summary
BWMN Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission