04-08-2022

Parsons: New York’s Historic Investment In Infrastructure Presents Opportunity To Build Back Smarter

CENTREVILLE, VA – Parsons Corporation (NYSE: PSN) today highlighted the major infrastructure developments included in the 2022-23 budget approved by the Governor and lawmakers in Albany.

The budget includes a five-year, $32.8 billion capital plan that will fund highway, bridge and transportation projects in every corner of the state. The spending plan also includes historically high investments in clean energy infrastructure, climate resiliency and preservation, including a $4.2 billion Environmental Bond Act that will go before New York voters this November.

“Due in large part to a significant infusion of federal funding, states have a unique opportunity to invest in modern infrastructure systems and position themselves to be more competitive in attracting both businesses and residents for decades to come,” said Peter Torrellas, president, connected communities for Parsons. “Modern transportation systems, safe and clean water, a robust clean energy economy, and comprehensive cybersecurity measures to protect this critical infrastructure are the keys to growth and opportunity. We look forward to unleashing Parsons’ more than 77 years of broad expertise across all aspects of infrastructure to help New York build back better as well as smarter.”

Parsons’ experience is well aligned with the priorities in the New York State budget including but not limited to:

  • Transportation – The record-setting five-year, $32.8 billion transportation capital plan will provide the resources necessary to replace, revive and modernize major highway and bridge projects across New York. At Parsons, we design, deliver, and protect the infrastructure that connects our communities, including roads and highways; bridges; passenger and freight rail; public transit; airports; ports and waterways, and the electric infrastructure that helps make electric vehicles possible.
  • Water & Wastewater – If approved by the voters, the $4.2 billion Environmental Bond Act would support clean water infrastructure, including local projects that will improve municipal drinking water distribution, filtration systems, and wastewater treatment infrastructure. Parsons’ expertise in program and construction management and engineering has transformed the industry through the most complex water and wastewater projects in the world. Our experts have built recycled wastewater treatment plants with membrane bioreactor technology, constructed advanced ultraviolet disinfection facilities, used reverse osmosis processes to transform saline water into millions of gallons of clean, drinkable water, and continue to conduct industry-leading research at the Parsons Water Treatability Lab in Syracuse, NY.

To learn more about Parsons’ infrastructure capabilities to Build Back Smarter, please visit: www.Parsons.com/Build-Back-Smarter

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