STN - Stantec nabs $41M contract to design railway extension in California

• Stantec ( NYSE: STN ) said Monday it was selected to design the California High-Speed Rail Authority’s extension from Merced to Madera, in a contract valued at $41 million.
• The extension covers 33.9 miles and will include 40 structures, and is expected to be delivered over about two years.
• The project will be partially funded by US$25 million in federal funding from the U.S. Department of Transportation under the Rebuilding American Infrastructure with Sustainability and Equity discretionary grant program.

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