COLAS (EPA:RE) - PR Colas Parsons Edmonton LRT contract

Transparency directive : regulatory news

13/01/2021 07:45

PRESS RELEASE
Edmonton, January 13 2021

     Colas and Parsons to extend LRT line in Edmonton, Alberta (Canada)

As part of the Marigold Infrastructure Partners consortium, Colas (managing
partner) and Parsons Inc. have been selected by the City of Edmonton, Alberta
(Canada) to design, build and finance the Valley Line West LRT project. The
contract value amounts to 1.7 billion Canadian dollars (approximately EUR1
billion), divided as a 50/50 partnership with Colas as the lead.

The project involves the design and construction of an extension totalling 14
km that will connect downtown Edmonton to the Lewis Farms neighbourhood,
located in the city's west end. The 14 new stops and two elevated stations will
serve key points such as the West Edmonton Mall, Misericordia Hospital,
NorQuest College and MacEwan University. The route will include 2.1 km of
elevated tracks and two maintenance and storage facilities. Construction is
slated to start during the summer of 2021 with delivery scheduled for late
2026.

Colas and Parsons are part of a fully integrated team with Colas acting as the
managing partner for the delivery of the project. Colas consists of Colas
Canada, and its Edmonton subsidiary Standard General, Colas Rail Canada and
Colas Projects Canada. Parsons will serve as lead designer and construction
partner on the project, leveraging the company's decades of experience in the
rail and transit market.

Colas Canada is Canada's leader in road construction and maintenance. Colas
Rail is a global leader in the construction and maintenance of railway
infrastructure including trackworks, electrification and systems. Parsons is a
technology-driven firm with expertise in engineering, rail transit systems
integration and critical infrastructure protection. The company has served many
of the major transit authorities in North America throughout its history, and
welcomes the addition of the City of Edmonton to its portfolio.

We are deeply aware of the Valley Line West LRT project's importance to the
City of Edmonton's vision for building a dynamic, green and healthy city that
is attractive to new residents and visitors," explains Frédéric Roussel,
President of Colas Canada. "We are very excited to contribute our local and
global expertise in the construction of transportation infrastructure to such a
key project for a City in which we've been operating for over 50 years."

"We are proud to leverage our rail expertise for this project that will improve
mobility and help power economic growth for the City of Edmonton," says Tom
Topolski, executive vice president, connected communities market for Parsons.
"Expanding the LRT is a key project that will better connect the city and help
advance Edmonton's strategic goals."

Colas (www.colas.com)

Colas, a subsidiary of the Bouygues Group, has one mission: to imagine, build
and maintain sustainable transport infrastructure. Backed by a network of 800
construction business units and 3,000 material production units in more than 50
countries on five continents, the Group?s 57,000 employees act locally to
connect communities and foster exchanges for today and tomorrow. Colas?
ambition is to be the world leader in innovative, sustainable mobility
solutions.
In 2019, consolidated revenue at Colas totaled EUR13.7 billion (52% outside of
France).

Parsons (www.parsons.com)
Parsons is a leading disruptive technology provider in the global defense,
intelligence, and critical infrastructure markets, with capabilities across
cybersecurity, missile defense, space, connected infrastructure, and smart
cities. Please visit parsons.com, and follow us on LinkedIn and Facebook to
learn how we?re making an impact.

                           For further information:
                                   Colas:
Delphine Lombard (tel : +33 6 60 07 76 17)/ Rémi Colin (tel: +33 7 60 78 25 74)
contact-presse@colas.fr
Jean-Paul Jorro (tel: +33 1 47 61 74 23) / Zorah Chaouche
(tel: +33 1 47 61 74 36) contact-investors@colas.fr

                                  Parsons :
Media : Bernadette Miller (tel : +1 980 253 9781) bernadette.miller@parsons.com

        Investor Relations : Dave Spille (tel : +1 571655 8264)
                          dave.spille@parsons.com

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06/11/2023 17:45

COLAS (EPA:RE) - PR Colas Parsons Edmonton LRT contract

Transparency directive : regulatory news

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