HOLLYWOOD, Fla., March 14, 2018 (GLOBE NEWSWIRE) -- NV5 Global, Inc.(Nasdaq:NVEE) (“NV5” or the “Company”), a professional and technical engineering and consulting solutions provider, announced today that it has been selected by the Contra Costa Transportation Authority (CCTA) in California as the prime consultant to perform full construction administration services for Phase 3 of the I-680/State Route 4 Interchange Improvements Project. The Improvements Project will be one of the largest highway transportation projects currently underway in Contra Costa County, which occupies the northern region of the East Bay region of the San Francisco Bay Area. Phase 3 will involve the widening of State Route 4, as well as replacing a major bridge. NV5’s fees on the project will be $10 M. Phase 3 construction is anticipated to begin in June 2018.
Nick Panayotou, PE, Vice President of NV5, said, “We are excited to begin work on our third project with the CCTA and help them deliver much needed capacity and safety upgrades to this vital San Francisco Bay Area interchange. This project will not only improve traffic operations around the I-680/4 interchange but it will also bring much needed congestion relief to Contra Costa County.”
Dickerson Wright, PE, Chairman and CEO of NV5, said, “This project is partially funded by California Senate Bill 1 and is an important example of the transportation infrastructure improvements that California will undergo over the next several years utilizing this newly implemented funding source.”
About Contra Costa Transportation Authority
The Contra Costa Transportation Authority was formed by voters in 1988 to manage countywide transportation planning. It manages projects involving streets, highways, transportation planning, bike and pedestrian strategies, as well as transit and rideshare. Contra Costa County is located in the north edge of the East Bay region of the San Francisco Bay Area. To read more about the Contra Costa County Transportation Authority, visit their website.
NV5 Global, Inc. (NASDAQ:NVEE) is a provider of professional and technical engineering and consulting solutions to public and private sector clients in the infrastructure, energy, construction, real estate and environmental markets. NV5 primarily focuses on five business verticals: construction quality assurance, infrastructure engineering and support services, energy, program management, and environmental solutions. The Company operates out of more than 100 locations nationwide and abroad in Macau, Hong Kong, and the UAE. For additional information, please visit the Company’s website at www.NV5.com. Also visit the Company on Twitter, LinkedIn, Facebook, and Vimeo.
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially from those reflected by the forward-looking statements contained in this news release. Such factors include: (a) changes in demand from the local and state government and private clients that we serve; (b) general economic conditions, nationally and globally, and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, or policies; and (e) the “Risk Factors” set forth in the Company’s most recent SEC filings. All forward-looking statements are based on information available to the Company on the date hereof, and the Company assumes no obligation to update such statements, except as required by law.
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