Financial News
Stantec enters design phase for US$100 million Tampa Bay Water potable water supply project in Hillsborough County
EDMONTON, Alberta and TAMPA, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) -- TSX, NYSE:STN
Stantec, a global leader in sustainable design and engineering, has begun the final design phase of Segment B for the South Hillsborough Pipeline with longtime client Tampa Bay Water. Tampa Bay Water awarded the firm a contract amendment to include final design engineering and construction management at risk support services (CMAR), bringing Stantec’s total fees to US$14 million. With a construction cost of approximately US$100 million, Segment B will help meet the growing demand for potable water in Hillsborough County’s South-Central service area.
During the initial phase of the project, Stantec conducted a route study to determine the most feasible path for the pipeline and prepared preliminary designs. Following final design completion, the firm will provide CMAR and construction support services throughout construction.
Unprecedented population growth is driving this project as Hillsborough County, the fourth largest county in Florida, experienced a 24 percent growth rate since 2010 and a 1.5 percent increase in 2023, according to the U.S. Census data. The Tampa Bay Economic Development Council estimates the county will grow by a further approximate 8% by 2026. To meet the rapid increase in water service demands of new residents, the South Hillsborough Pipeline project will deliver potable water to a new connection point with Hillsborough County and supply water to the growing area.
The South Hillsborough Pipeline will connect Tampa Bay Water’s Regional Surface Water Treatment Plant to a new point of connection in South Hillsborough County, increasing the conveyance to the area. The Stantec-designed Segment B will account for eight out of 26 total miles of pipeline with a design life of more than 50 years. Segment B will connect to Segment A near Fish Hawk Boulevard and terminate at the County’s new point of connection. The up to 72-inch diameter pipes will pass through urban and rural corridors, crossing a river, railroad, state and county freeways, and road intersections. Stantec is designing special tunneling sections as part of the project to mitigate effects on the local, rural environment and the public.
“These expanded pipelines will transmit the water needed to serve this growing community. Our team has collaborated with Tampa Bay Water and Hillsborough County to minimize area disruptions while maximizing system improvement benefits,” said Jarah Parke, senior project manager at Stantec. “Stantec and Tampa Bay Water are united in our mutual goal of enhanced water delivery and building a lasting, effective system for years to come.”
Stantec has a long history of providing engineering services for Tampa Bay Water and Hillsborough County. In 2009, the firm served as the engineer of record for the Tampa Bay Water System Configuration 2 Pumping Station Expansions Project, which included the expansion of four major pumping facilities in the Tampa Bay Water Enhanced Surface Water System. Stantec ecologists and engineers currently support Hillsborough County on the Northwest Regional Water Reclamation Facility Expansion Wetland Mitigation. The team was charged with supporting the environmental assessment, planning, permitting for the project and implementing a wetland mitigation program.
Learn more about Stantec’s Water Services.
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 Statements
This news release contains forward-looking statements regarding the 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 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 projects referred to above and their expected impact. Readers are cautioned that such information may not be appropriate for other purposes.
Media Contact
Ashley Warnock
Stantec Media Relations
Ph: (403) 472-0122
ashley.warnock@stantec.com
Investor Contact
Jess Nieukerk
Stantec Investor Relations
Ph: (587) 579-2086
jess.nieukerk@stantec.com
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