Bowman Announces $4.9 Million Funding Authorization for Illinois Department of Transportation I-80 Corridor Improvement Project
21 Agosto 2023 - 5:05PM
Business Wire
Bowman Consulting Group Ltd. (“Bowman,” the “Company”) along
with teaming partner H.W. Lochner (“Lochner”) today announced the
receipt of notice from the Illinois Department of Transportation
(“IDOT”) authorizing an additional $4.9 million in funding for
consulting services relating to the Phase III Route I-80 Corridor
Management Program for the counties of Will, Kendall and Grundy
(the “Prime Agreement”). The notice brings the total obligated
under the Prime Agreement to $6.9 million and indicates the
remaining $23.1 million of spending under the Prime Agreement will
be obligated and authorized for expenditure as determined by the
department. Under the Prime Agreement, the Bowman-Lochner team will
provide construction corridor management for improvements to I-80,
one of the country’s three coast-to-coast interstates. The Prime
Agreement was originally announced in August 2022.
“We’re pleased to receive this additional funding to continue
advancing our efforts on this critical transportation
infrastructure initiative,” said Gary Bowman, chairman and CEO of
Bowman. “We look forward to continuing to support this and other
transportation initiatives in Illinois and nationwide.”
This $1.2 billion project, made possible by the Rebuild Illinois
Capital Program, is intended to improve roadway infrastructure that
is more than 50 years old, rehabilitate over 30 bridges, and reduce
congestion through redesigned auxiliary lanes and interchanges.
This 16-mile corridor through Joliet and Will County carries
approximately 80,000 vehicles a day.
About Bowman Consulting Group Ltd. (Bowman):
Headquartered in Reston, Virginia, Bowman is an engineering
services firm delivering infrastructure solutions to customers who
own, develop, and maintain the built environment. With over 1,900
employees and more than 75 offices throughout the United States,
Bowman provides a variety of planning, engineering, geospatial,
construction management, commissioning, environmental consulting,
land procurement and other technical services to customers
operating in a diverse set of regulated end markets. Bowman trades
on the Nasdaq under the symbol BWMN. For more information, visit
bowman.com or investors.bowman.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230821362411/en/
General Media Contact: Renee Narvaez
rnarvaez@bowman.com
Investor Relations Contacts: Bruce Labovitz, 703.787.3403
blabovitz@bowman.com
Larry Clark, 310.622.8223 lclark@bowman.com
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