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Source: Stantec Inc.
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  • Stantec (STN) has been selected by the United States Agency for International Development (USAID) to provide global architect-engineer (A/E) services
  • Services include the construction of schools, health facilities, and energy, water, sanitation, agriculture, and transportation-related infrastructure in developing countries
  • Stantec’s International Development team will oversee the contract and the management of the subsequent task orders
  • Stantec is a global engineering and construction firm
  • Stantec Inc. (STN) opened trading at C$63.08 per share

Stantec (STN) has been selected by the United States Agency for International Development (USAID) to provide global architect-engineer (A/E) services.

Services through the five-year, US$800 million agreement include planning, design, rehabilitation, and construction supervision for the development of schools, health facilities, and energy, water, sanitation, agriculture, and transportation-related infrastructure. The federal agency leads international development and humanitarian efforts to save lives, reduce poverty, strengthen democratic governance, and help people progress beyond assistance.

“Stantec has supported USAID for over 20 years in its mission to drive global development and prosperity, an objective that resonates with Stantec’s own commitment to addressing sustainable development around the globe,” said Loren Labovitch, vice president of Stantec’s US International Development team.

“This contract will give us an opportunity to further expand our support to USAID by helping the agency and their partner countries build and enhance critical infrastructure that communities rely on for sustainable economic growth.”

This work will support several USAID cross-cutting initiatives designed to help developing countries pursue less carbon-intensive development, adapt to the impacts of climate change, and advance gender and social inclusion. Stantec will work closely with USAID and its partners to design and implement infrastructure interventions that incorporate appropriate climate risk mitigation measures, optimize the use of clean energy and energy-efficient technologies, promote nature-based solutions where feasible, enable equitable access to project benefits, and improve women’s economic and workforce development opportunities.

Stantec’s International Development team will oversee the contract and the management of the subsequent task orders. The contract is USAID’s primary mechanism to procure infrastructure planning, design, and construction supervision services across a range of development sectors worldwide.

Stantec is a global engineering and construction firm. Services include engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Stantec Inc. (STN) opened trading at C$63.08 per share.

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