STOCK TITAN

Parsons Selected to Design the Future Newark Bay Bridge, Advancing Transportation throughout New Jersey

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Parsons (PSN) has been chosen by the New Jersey Turnpike Authority to design the replacement of the Newark Bay Bridge, a critical part of the Newark Bay-Hudson County Extension Improvements Program. The project involves building two new cable-stayed bridges to increase safety and capacity, with a focus on minimizing traffic disruptions and environmental impacts.
Positive
  • None.
Negative
  • None.

CHANTILLY, Va., April 15, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the New Jersey Turnpike Authority selected the company to serve as final designer for the replacement of the Vincent Robert Casciano Bridge, known as the Newark Bay Bridge. The final design is the first final design contract of the Newark Bay-Hudson County Extension Improvements Program, a critical modernization and safety program that will rebuild the 8.1-mile NJ Turnpike Extension from Interchange 14 in Newark to Jersey Avenue in Jersey City. This replacement is the Turnpike Authority’s highest priority, given the condition of the nearly 70-year-old structure, which is at the end of its life. Parsons is leading the design effort from our Newark, NJ office.

The replacement of the Newark Bay Bridge represents a significant portion of the Program’s first project, which will reconstruct the Extension between Interchange 14 in Newark and Interchange 14A in Bayonne and Jersey City. To mitigate impacts on drivers, the surrounding communities, and the environment, there will be a phased strategy to replace the Newark Bay Bridge that will not increase traffic congestion. A new cable-stayed bridge will be built alongside the existing Newark Bay Bridge, during which time the existing bridge will remain operational. Once the new bridge is completed, the existing bridge will be demolished, and another new cable-stayed bridge will be built in its place. The two new cable-stayed bridges will increase safety and capacity by providing four lanes of traffic in both the eastbound and westbound directions. New structures will feature long in-water approaches and parallel 800 ft. long cable-stayed bridges. Adjacent to Newark Liberty International Airport, the towers will be height-limited, like the recently completed Goethals Bridge Replacement Project, several miles south of the Newark Bay Bridge, for which Parsons also served as lead designer. The new crossing will feature a 150-year service life, aesthetic lighting, and state-of-the-art infrastructure technologies.

“Parsons has led bridge design on projects throughout New Jersey for decades and has delivered many of the region’s largest infrastructure projects, including the new Newark Liberty International Airport Terminal A,” said Mark Fialkowski, president, Infrastructure North America for Parsons. “As a leader in complex bridge design and delivery, we are excited to partner with the New Jersey Turnpike Authority to assure driver and community safety, provide a more efficient and resilient transportation network and deliver infrastructure that will serve the community's needs for years to come.”

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’ bridge design expertise, visit www.Parsons.com/bridge/.

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
+1 980.253.9781
Lexus.White@parsons.com

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


Parsons (PSN) has been selected to design the replacement of the Newark Bay Bridge as part of the Newark Bay-Hudson County Extension Improvements Program.

The current Newark Bay Bridge is nearly 70 years old and is at the end of its life, making its replacement a high priority for the Turnpike Authority.

A phased strategy will be employed to build a new cable-stayed bridge alongside the existing one, allowing for continued operation until the new bridge is completed.

The new cable-stayed bridges will provide four lanes of traffic in both eastbound and westbound directions, enhancing safety and capacity.

The new crossing will have a 150-year service life, aesthetic lighting, and state-of-the-art infrastructure technologies to meet the community's needs.

Parsons (PSN) is leading the design effort from their Newark, NJ office for the Newark Bay Bridge replacement project.
Parsons Corporation

NYSE:PSN

PSN Rankings

PSN Latest News

PSN Stock Data

8.40B
45.81M
0.87%
100.03%
4%
Computer Systems Design Services
Professional, Scientific, and Technical Services
Link
United States of America
CENTREVILLE

About PSN

founded in 1944, parsons is an engineering, construction, technical, and management services firm. our revenues in 2014 were $3.1 billion. we are 100% owned by our employee stock ownership trust. we conquer the toughest logistical challenges and deliver design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to private industrial customers worldwide as well as to federal, regional, and local government agencies. parsons is a leader in many diversified markets with a focus on defense/security, industrial, and infrastructure. currently, more than 15,000 parsons employees are engaged in nearly 5,000 projects in 29 countries. collectively, our dedicated workers speak more than 80 languages and hold more than 11,800 college degrees and professional registrations. parsons' employees continue to go anywhere in the world, meet every technical and management challenge, and persevere until the job is done. social media house ru