Shimmick (SHIM) Construction Compan announced that it has been awarded a key role in the North Hollywood to Pasadena Bus Rapid Transit BRT Project by Los Angeles Metropolitan Transportation Authorit LA Metro . Shimmick, with our partner Myers and Sons, as part of the Myers-Shimmick Joint Venture MSJV , will serve as the Construction Manager/General Contractor CM/GC for the project’s preconstruction services phase. The $8.26M contract for preconstruction services approved on December 5 by the LA Metro Board of Supervisors, marks the beginning of this transformative 19-mile transit corridor connecting North Hollywood, Burbank, Glendale, Eagle Rock, and Pasadena in California. Featuring 22 new stations, this BRT project will provide faster, more reliable transit options, reduce traffic congestion, and improve air quality with the use of zero-emission electric buses. The construction value for the construction phase, if awarded to Myers-Shimmick Joint Venture by LA Metro, is estimated at $190M “We are excited to once again partner with Myers and Sons and LA Metro on this critical infrastructure project to improve mobility and connectivity for millions of LA County residents,” said Ural Yal, CEO of Shimmick. “We are encouraged to utilize the CM/GC project delivery method, which allows the entire project team to work together to address projects risks and set the project up for success during the construction phase.”
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SHIM:
- Shimmick awarded $45.4M contract to complete Murray Street Bridge project
- Shimmick Corp Announces CEO Retirement and Successor
- Shimmick Corporation Reports Q3 2024 Earnings Highlights
- Shimmick reports Q3 adjusted EPS 72c vs. $1.67 last year
- Shimmick sees FY24 Legacy Projects revenue $90M-$95M
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.