Business UpdateJun 11, 2026, 06:31 AM
Parsons Secures $22M Contract Amendment for LA I-605 Corridor
AI Summary
Parsons Corporation announced a $22 million contract amendment from the Los Angeles County Metropolitan Transportation Authority (Metro). This amendment extends Parsons' existing contract for 3.5 years to implement multimodal improvements along the I-605 corridor in Los Angeles. The project aims to enhance safety, increase traffic flow, and improve commute times by adding bicycle lanes, improving sidewalks, enhancing transit access, and providing managed lanes.
Key Highlights
- Parsons awarded $22 million contract amendment.
- Contract from Los Angeles Metro for I-605 corridor.
- Extends Parsons' existing contract by 3.5 years.
- Project includes multimodal improvements for I-605.
- Aims to enhance safety and traffic flow.
Price Impact
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