Parsons Selected as Construction Manager for Major New York City Tunnel Program

Rhea-AI Summary

Parsons (NYSE: PSN) was selected by the New York City Department of Environmental Protection to provide construction management services for the Newtown Creek Combined Sewer Overflow Storage Tunnel project.

The 16-year program includes approximately 3.25 miles of tunnel, a tunnel dewatering pump station, and related facilities across Brooklyn and Queens. Parsons will join Newtown Creek CSO Partners with AECOM and EPC Consultants and will use the DEP’s CMIS to support delivery.

Positive

• Selected for 16-year Newtown Creek CSO tunnel program
• 3.25 miles of tunnel and related facilities awarded
• Joint venture with AECOM and EPC Consultants
• Use of DEP CMIS leveraging Parsons’ earlier development work
• Proven experience with multiple prior NYCDEP tunnel CM projects

Negative

• 16-year program implies extended delivery horizon for outcomes
• Construction in dense Brooklyn and Queens increases logistical and execution complexity

News Market Reaction – PSN

-0.23%

-0.23% Session close to close

In the Apr 14 session, PSN declined 0.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands Parsons’ role in large-scale water and wastewater infrastructure via a 16-...

Analysis

This announcement expands Parsons’ role in large-scale water and wastewater infrastructure via a 16-year New York City tunnel program spanning about 3.25 miles. It reinforces the company’s positioning in complex tunneling, complementing other recent contract wins and organizational moves. Investors may watch how this award contributes to backlog visibility, margin profile, and future updates around project milestones and execution performance.

Key Figures

Program duration: 16-year program Tunnel length: 3.25 miles Experience span: More than 80 years +1 more

4 metrics

Program duration 16-year program Newtown Creek CSO storage tunnel program

Tunnel length 3.25 miles Approximate length of storage tunnel and related facilities

Experience span More than 80 years Parsons’ experience with complex tunnel projects

Tunnel portfolio More than 250 tunnels and ocean outfalls Parsons’ global tunnel and outfall project count

Historical Context

5 past events · Latest: Apr 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 10	Awards recognition	Positive	-2.0%	Middle East project awards and mentor recognition for regional engineering work.
Apr 8	Business realignment	Positive	+3.1%	Unifying aviation units to enhance integrated offerings across North America.
Apr 6	Contract win	Positive	+0.1%	10-year Utah V2X maintenance and management system deployment agreement.
Apr 1	Earnings date set	Neutral	+2.2%	Announcement of first quarter 2026 results release and conference call timing.
Apr 1	Contract win	Positive	+1.7%	Project management consultant role for Al Ittihad Sports Village in Saudi Arabia.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent contract and award announcements have usually seen positive price reactions, with one notable divergence where shares fell despite favorable recognition news.

Recent Company History

Over the last two weeks, Parsons announced multiple contract wins and strategic moves, including awards recognition on Apr 10, an aviation business realignment on Apr 8, a 10-year Utah V2X agreement on Apr 6, and a project management role in Saudi Arabia on Apr 1. Most of these updates were followed by positive single-day moves, indicating that contract and capability news has recently coincided with constructive trading.

Key Terms

combined sewer overflow, construction management, tunnel dewatering pump station, construction management information system, +1 more

5 terms

combined sewer overflow technical

"Newtown Creek Combined Sewer Overflow Storage Tunnel project in New York City."

A combined sewer overflow happens when a single pipe system that carries both sewage and rainwater becomes overwhelmed during heavy rain or snowmelt and releases untreated wastewater into rivers, lakes or streets; imagine a bathtub with one drain that spills when too much water is added. Investors care because overflows can trigger cleanup costs, regulatory fines, infrastructure upgrades and reputational damage for utilities, municipalities and property owners, all of which can affect revenues and asset values.

construction management technical

"to provide construction management services for the Newtown Creek..."

Construction management is the professional coordination of people, schedules, budgets and materials to deliver a building or infrastructure project on time and on budget. Think of it as the project’s conductor who oversees planning, hires contractors, controls costs, and manages risks; for investors it matters because effective construction management reduces delays and cost overruns, protects contract margins, and preserves a developer’s or contractor’s reputation and future revenue.

tunnel dewatering pump station technical

"services for the large-diameter storage tunnel, tunnel dewatering pump station, and other structures"

A tunnel dewatering pump station is a system of pumps and pipes that removes groundwater and seepage from underground tunnels to keep them dry and safe, like a building’s sump pump scaled up for long underground passages. For investors, it matters because reliable dewatering prevents construction delays, costly repairs, safety incidents and regulatory fines, all of which can affect project timelines, operating costs and the expected returns on infrastructure or mining investments.

construction management information system technical

"utilize the DEP’s Construction Management Information System (CMIS), which the company originally helped develop"

A construction management information system is a software platform that centralizes project plans, budgets, schedules, contracts and field reports so teams can share updates, documents and progress in one place. For investors it's like a project's control panel: it improves visibility into costs, timelines and risks, helping detect overruns or delays sooner and providing clearer data to judge project health and cash-flow implications.

ocean outfalls technical

"With more than 250 tunnels and ocean outfalls around the world, Parsons’ projects span..."

Ocean outfalls are large pipes or tunnels that carry treated or untreated wastewater, storm runoff, or industrial discharge from land out into the sea, acting like a city’s long drainpipe that releases water offshore. Investors care because outfalls are tied to regulatory approval, cleanup and upgrade costs, legal and reputation risks, and local permitting or shutdowns that can affect utility bills, capital spending and the value of coastal assets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CHANTILLY, Va., April 14, 2026 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been selected by the New York City Department of Environmental Protection (DEP) to provide construction management services for the Newtown Creek Combined Sewer Overflow Storage Tunnel project in New York City. Parsons will serve as a member of Newtown Creek CSO Partners, a joint venture with AECOM and EPC Consultants Inc., supporting the delivery of a major underground infrastructure program designed to eliminate untreated sewer discharges into local waterways.

The 16-year program represents one of New York City’s most significant wastewater infrastructure investments, addressing longstanding environmental challenges across Brooklyn and Queens. Parsons will provide construction management (CM) services for the large-diameter storage tunnel, tunnel dewatering pump station, and other structures, drawing on its experience delivering complex tunnel and sewer programs in dense urban environments.

“Parsons brings decades of experience delivering complex tunnel and water infrastructure programs that improve environmental outcomes and strengthen community resilience,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “We are proud to support New York City on this critical project that will reduce sewer overflows, enhance water quality, and help meet important regulatory commitments.”

The project, which includes approximately 3.25 miles of tunnel and related facilities, is critical to improving water quality and protecting public health in surrounding communities. Once complete, the system will capture and store excess combined sewer flows during storm events, reducing environmental impacts and supporting long-term sustainability goals. As the construction manager, Parsons will utilize the DEP’s Construction Management Information System (CMIS), which the company originally helped develop and deploy, to support efficient project delivery, coordination, and oversight.

Parsons is a global leader in critical infrastructure excellence, with more than 80 years of experience planning, designing, and overseeing the construction of complex tunnel projects throughout the world, including the Rondout-West Branch Bypass Tunnel, Kensico-Eastview Connection Tunnel, and Catskill Aqueduct Repair and Rehabilitation projects; each of these signature NYCDEP projects, in which Parsons provided comprehensive CM services. With more than 250 tunnels and ocean outfalls around the world, Parsons’ projects span the full range of challenging geologic environments, from seismically active Southern California to the Chesapeake Bay’s alluvial coastal plain to the mixed-face and hard-rock conditions found in and around New York City.

To learn more about Parsons’ water and wastewater expertise, visit https://www.parsons.com/markets/water-wastewater/.

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:
Bernadette Miller
+1 980.253.9781
Bernadette.Miller@parsons.com

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

FAQ

What did Parsons announce on April 14, 2026 about the Newtown Creek project (PSN)?

Parsons announced it was selected to provide construction management for the Newtown Creek CSO Storage Tunnel. According to the company, Parsons will join Newtown Creek CSO Partners to deliver a 16-year program including about 3.25 miles of tunnel.

How long is the Newtown Creek CSO Storage Tunnel program that involves PSN?

The program is planned to run for 16 years, reflecting long-term construction and delivery. According to the company, the timeline covers tunnel construction, a dewatering pump station, and related facilities across Brooklyn and Queens.

What scope will Parsons (PSN) manage on the Newtown Creek tunnel project?

Parsons will provide construction management for the large-diameter storage tunnel, tunnel dewatering pump station, and other structures. According to the company, services will include project coordination, oversight, and use of DEP’s CMIS for delivery.

What is the tunnel length included in the Newtown Creek CSO project tied to PSN?

The project includes approximately 3.25 miles of tunnel plus related facilities. According to the company, the system will capture and store excess combined sewer flows during storm events to reduce overflows.

Who are Parsons’ partners on the Newtown Creek CSO project and what is the JV structure?

Parsons will serve as a member of Newtown Creek CSO Partners, a joint venture with AECOM and EPC Consultants. According to the company, the JV will collectively support delivery of the DEP’s major underground infrastructure program.