Stantec awarded US$20 million contract for Gross Reservoir Expansion Project
06 Outubro 2022 - 7:45AM
NYSE, TSX: STN
Stantec, a global leader in sustainable design and engineering,
has been named Engineer of Record providing engineering support
during construction for the second phase of the Gross Reservoir
Expansion (GRE) Project in Boulder County, Colorado. The US$531
million project will raise the height of the existing concrete
curved gravity dam by 131 feet, increasing the reservoir’s capacity
to approximately 119,000 total acre-feet and making it the tallest
dam in Colorado.
The GRE project aims to provide water security to more than 1.5
million residents in Denver Water’s service area. The expanded
reservoir will help balance the Denver Water North (Fraser/Colorado
River Basin via Moffat Tunnel) and South (South Platte and
Colorado/Blue River Basin via the Roberts Tunnel) collection
systems, ensuring greater resiliency and flexibility to provide
water from multiple sources to serve the community. The project is
also designed to prevent water shortfalls during droughts or
extreme weather-related events.
“By raising Gross Reservoir, Denver Water is addressing one of
the most pressing issues facing the Western United States: water
resiliency,” said Mario Finis, executive vice president for
Stantec’s Energy & Resources business. “We are providing a
multi-solution approach, including water storage, as part of an
overall plan to address the challenges facing our communities.”
Stantec was awarded the design services contract for the first
phase of the project in 2017, and once expanded, the dam will be
the largest dam raise using a roller-compact concrete system in the
world. Stantec’s US$20 million construction phase contract will
include owner support, contractor quality reviews, and regulatory
compliance. The GRE project received approval from the Colorado
State Engineer’s Office and Federal Energy Regulatory Commission in
early 2022.
Stantec’s Energy & Resources team is creating complex
infrastructure that serves communities for generations. Stantec and
Municipal Subdistrict Northern Colorado Water Conservancy District
(Northern Water) recently celebrated the groundbreaking of Chimney
Hollow Reservoir Project in Loveland, Colorado, which will provide
water storage to meet the needs of growing populations across
northern Colorado communities, including Broomfield, Longmont,
Loveland, and Greely. To learn more,
visit: www.stantec.com/dams.
About Stantec
Communities are fundamental. Whether around the corner or across
the globe, they provide a foundation, a sense of place and of
belonging. That’s why at Stantec, we always design with
community in mind.
We care about the communities we serve—because they’re our
communities too. This allows us to assess what’s needed and connect
our expertise, to appreciate nuances and envision what’s never been
considered, to bring together diverse perspectives so we can
collaborate toward a shared success.
We’re designers, engineers, scientists, and project managers,
innovating together at the intersection of community, creativity,
and client relationships. Balancing these priorities results in
projects that advance the quality of life in communities across the
globe.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit us at stantec.com or find us on social media.
Cautionary Note Regarding Forward-Looking StatementsThis news
release contains forward-looking statements regarding the
initiatives and projects described above. Forward-looking
statements also include any other statements that do not refer to
historical facts. By their nature, forward-looking statements are
based on assumptions and subject to inherent risks and
uncertainties. There is a risk that the initiatives and projects
described above may be delayed, cancelled, suspended, or
terminated. This could cause future results to differ materially
from the forward-looking statements made in this news release.
Except as may be required by law, Stantec undertakes no obligation
to publicly update or revise any forward-looking statements.
Forward-looking statements are provided herein for the purpose of
giving information about the initiatives and projects referred to
above and their expected impact. Readers are cautioned that such
information may not be appropriate for other purposes.
Media Contact |
Investor Contact |
Ashley Warnock |
Jess Nieukerk |
Stantec Media Relations |
Stantec Investor Relations |
Ph: (403) 472-0122 |
Ph: (587) 579-2086 |
ashley.warnock@stantec.com |
jess.nieukerk@stantec.com |
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