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SNC SNC Lavalin Group Inc

43.49
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
SNC Lavalin Group Inc TSX:SNC Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 43.49 43.31 43.57 0 01:00:00

SNC-Lavalin JV Wins $300 Million Flood Mitigation Support Contract in U.S.

24/11/2021 1:25pm

Dow Jones News


SNC Lavalin (TSX:SNC)
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By Adriano Marchese

 

SNC-Lavalin Group Inc. said Wednesday its joint venture has been awarded a $300 million contract to provide engineering and technical services to the National Flood Insurance Program in the western U.S.

The Montreal-based professional-services and project-management company said the indefinite delivery, indefinite quantity contract is for five years through its STARR II joint venture, and will support the Federal Emergency Management Agency's risk mapping, assessment and planning program.

The company said it has been providing these services to FEMA since 2014.

"Services provided under the contract will include regional flood hazard mapping and risk management required to develop accurate flood hazard data that will increase risk awareness and facilitate local mitigation actions that reduce loss to life and property," the company said.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

November 24, 2021 08:10 ET (13:10 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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