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Benzinga
Benzinga
Business
Akanksha Bakshi

Stantec Secures HART Contract Extension

  • Stantec Inc (NYSE:STN) has been selected to continue construction engineering and inspection services for the east section of Honolulu Authority for Rapid Transportation's (HART) driverless and electric light rail project.
  • The $119 million contract extends Stantec's existing construction and engineering services to HART. It will run until the end of 2026, with the option of a 5-year extension through project completion in 2031.
  • Stantec staff will assist with construction management and successful project delivery for HART's construction projects, including the light rail guideway, rail stations, and utility relocation.
  • Price Action: STN shares are trading lower by 3.61% at $41.94 on the last check Thursday.
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