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Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 174,838,551
Close 2024-11-21 C$ 74.83
Market Cap C$ 13,083,168,771
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Atkinsrealis awarded STORM services agreement

2024-11-21 16:24 ET - News Release

Mr. Ian Edwards reports

ATKINSREALIS PROVIDING US FEDERAL RAILROAD ADMINISTRATION OVERSIGHT AND MONITORING SERVICES

Atkinsrealis Group Inc. has been awarded a support technical oversight review and monitoring (STORM) services blanket purchase agreement (BPA) by the United States Department of Transportation's (U.S. DOT) Federal Railroad Administration (FRA). FRA administers grants and loans through the STORM program to assist state and eligible entities in financing the planning, acquisition, design, construction and improvement of freight rail and intercity passenger rail infrastructure, facilities, and equipment. Amtrak rail service operating support is also managed through STORM. Atkinsrealis has been a trusted partner to FRA for more than 10 years.

"We are driven by our purpose to engineer a better future for our planet and its people and that includes maximizing appropriations from the Bipartisan Infrastructure Law to help FRA prioritize and safely deliver rail projects for the American people," said Ian L. Edwards, president and chief executive officer, Atkinsrealis. "By applying the knowledge we've acquired through decades of exceptional railway delivery, we bring about best practices that help improve the passenger experience and community connections for our clients."

Under the five-year $60-million (U.S.) BPA, Atkinsrealis will provide program support, technical assistance, oversight, compliance reviews and project monitoring on behalf of FRA. Projects within STORM are in various stages of development including planning, environmental review, preliminary design, final design, construction and operation.

As an FRA partner, Atkinsrealis has reviewed positive train control safety plans over the past decade and is an operating partner of the Transportation Technology Center (TTC), the FRA's facility for research, development and testing of rail infrastructure and equipment.

"Our real-world experience sets us apart and allows us to offer clients access to hundreds of thousands of hours of rail and transit sector expertise," said Steve Morriss, president, United States, Latin America, and minerals and metals, Atkinsrealis. "Through deep knowledge and effective use of data and technology we transform visions into reality."

Atkinsrealis has more than 2,000 rail projects in its portfolio including Amtrak, commercial, passenger and freight rail work across the U.S. and 50 high-speed rail (HSR) tasks globally. The company has 60-plus years of experience providing full life cycle services to federal agencies.

About Atkinsrealis Group Inc.

Created by the integration of long-standing organizations dating back to 1911, AtkinsRealis is a world-class engineering services and nuclear company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. The company deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in strategic sectors such as engineering services, nuclear and capital.

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