- Stantec (STN) has secured a number of US bridge inspection contracts for three State Departments of Transportation (DOT)
- Over the next two to five years, the company will undertake bridge and other infrastructure assessments across Nevada, Colorado and North Dakota
- The work will involve Stantec's latest technology and engineering methods to ensure the continuation of the various states' networks
- Global demand for inspections is expected to surge on the back of ageing infrastructure and damaging environmental conditions
- Stantec (STN) is currently down 1.12 per cent to $43.22 per share at 12:16pm EDT
Stantec (STN) has secured a number of US bridge inspection contracts for three State Departments of Transportation (DOT).
The Edmonton, Alberta-based engineering firm will provide its services across Nevada, Colorado and North Dakota, using its latest technology and engineering methods.
Ryan Nataluk, Vice President of Infrastructure Inspection at Stantec, noted that bridges are essential in connecting communities and helping to deliver vital goods.
"They are among our most essential infrastructure assets – keeping them safe for users and in a state of good repair is a top priority," he said.
Inspections in North Dakota began in April this year with routine and fracture-critical bridge inspections, along with load ratings for roughly 900 local public agency structures. This represents Stance first contract with the North Dakota Department of Transport.
Other programs in Colorado and Nevada are expected to begin later this year, with contracts ranging from two to five years.
Stantec will provide Nevada with more than 2,000 bridge inspections on top of various load rating assessments. Likewise, Colorado has requested a state-wide inspection of minor bridges, overhead signs, high-mast lights and traffic signals. Both states are long-standing clients of Stantec.
"As everyone looks to stretch their infrastructure budgets, administrators and owners are realising that it’s more cost-effective to invest in proactive preservation and rehabilitation,” continued Ryan.
"New technologies and advanced techniques can help extend the life of infrastructure assets at a fraction of the cost of constructing a new asset," he added.
According to research published by Fact.MR, global demand for routine bridge inspections is expected to increase four-fold by the end of 2029 to a total market value of C$6.3 billion. This comes off the back of ageing infrastructure, damaging environmental conditions, and general wear and tear from increased traffic.
Stantec (STN) is currently down 1.12 per cent to $43.22 per share and is trading at 12:16pm EDT.