Parsons Celebrates Engineering Excellence Award and Ribbon Cutting for I-80/Gilman Street Interchange Project

Rhea-AI Summary

Parsons Corporation (NYSE: PSN) celebrated the completion of the $100 million I-80/Gilman Street Interchange Improvement Project in Berkeley, California, marked by a ribbon-cutting ceremony on April 28. The project received a 2025 Engineering Excellence Award from the American Council of Engineering Companies for its Phase 1 Pedestrian and Bicycle Overcrossing. As prime consultant and engineer of record, Parsons led the project's approval, environmental documentation, final design, and construction support. The improved interchange features modern roundabouts and a dedicated pedestrian/bicycle overcrossing, connecting the Bay Trail with North Berkeley. Notable innovations include a first-of-its-kind cycle track over an active Union Pacific railroad crossing. The project aims to enhance traffic flow, reduce congestion, and improve safety in one of the Bay Area's busiest corridors.

Positive

• Successful completion of a $100 million infrastructure project showcasing engineering expertise
• Recognition with 2025 Engineering Excellence Award, demonstrating project quality
• Implementation of innovative solutions including first-of-its-kind cycle track
• Strengthens Parsons' portfolio with 10,000+ miles of roadways and 4,500 bridges experience

Negative

• None.

News Market Reaction

-1.67%

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-1.67% News Effect

On the day this news was published, PSN declined 1.67%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHANTILLY, Va., May 29, 2025 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) proudly announced the official completion of the I-80/Gilman Street Interchange Improvement Project in Berkeley, California, celebrated during a ribbon-cutting ceremony held on April 28. Hosted by the Alameda County Transportation Commission and the California Department of Transportation, the event marked a significant milestone in delivering long-awaited mobility improvements to the East Bay.

The achievement comes as Parsons was recently honored with a 2025 Engineering Excellence Award from the American Council of Engineering Companies for its work on Phase 1 of the project: the Pedestrian and Bicycle Overcrossing. The project has also received national recognition for its innovation, safety impact, and community-focused design.

“As engineers, we have a responsibility to design and deliver infrastructure that not only solves today’s mobility challenges, but also supports resilient, connected communities for the future,” said Mark Fialkowski, President, Infrastructure North America for Parsons. “The I-80/Gilman Street project reflects our legacy and leadership in transportation innovation, and we’re proud to have helped shape a safer, smarter corridor for all users.”

Parsons served as the prime consultant and engineer of record, providing leadership across project approval and environmental documentation, final design, and construction support. The $100 million improvement project is a collaboration between local, regional, and state agencies committed to advancing multimodal safety and efficiency.

Located at the intersection of Gilman Street and Interstate 80 in northwest Berkeley, the reconfigured interchange includes modern roundabouts and a dedicated pedestrian and bicycle overcrossing. It connects the Bay Trail with North Berkeley and closes a critical gap in the active transportation network. The project also includes a first-of-its-kind cycle track over an active Union Pacific at-grade railroad crossing, setting a new benchmark for multimodal safety and engineering innovation in a dense urban corridor. The upgrades improve traffic flow, reduce congestion, and enhance safety for all travelers in one of the Bay Area’s most heavily used corridors.

Parsons has decades of experience designing, delivering, and protecting the infrastructure that connects our communities around the world, including roads and highways; bridges; passenger and freight rail; public transit; airports; and ports and waterways. Our experience includes more than 10,000 miles of roadways, 4,500 bridges, and more than 50 advanced traffic management system deployments that help cities and states improve safety and travel efficiency while also reducing emissions and energy costs to enhance the quality of life in the communities we serve.

To learn more about Parsons’ road and highway expertise, visit www.Parsons.com/road-highway/.

About Parsons

Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

Media Contact:
Lexus K. White
+1 470.510.6690
Lexus.White@parsons.com

Investor Relations Contact:
Dave Spille
+ 1 703.775.6191
Dave.Spille@parsons.us

FAQ

What is the significance of Parsons' (PSN) I-80/Gilman Street Interchange Project in Berkeley?

The $100 million project improves mobility and safety through modern roundabouts and a dedicated pedestrian/bicycle overcrossing, connecting Bay Trail with North Berkeley while featuring innovative solutions like a first-of-its-kind cycle track.

What award did Parsons (PSN) receive for the I-80/Gilman Street project in 2025?

Parsons received the 2025 Engineering Excellence Award from the American Council of Engineering Companies for Phase 1 of the project, specifically the Pedestrian and Bicycle Overcrossing.

What was Parsons' (PSN) role in the I-80/Gilman Street Interchange Project?

Parsons served as prime consultant and engineer of record, leading project approval, environmental documentation, final design, and construction support.

What innovative features were included in Parsons' (PSN) I-80/Gilman Street project?

The project includes modern roundabouts, a dedicated pedestrian/bicycle overcrossing, and a first-of-its-kind cycle track over an active Union Pacific railroad crossing.