Stantec (TSE:STN) has released an update.
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Stantec has secured a $274.7 million contract to provide engineering services for a new commercial port of entry in Douglas, Arizona, aimed at boosting trade and travel efficiency between the US and Mexico. The project, supported by federal funding, will significantly enhance inspection capacity and contribute to regional economic growth while adhering to sustainability standards. Construction is set to commence in fall 2025 and conclude by fall 2028, reflecting a vital investment in infrastructure development.
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