BATON ROUGE, La., Jan. 10, 2003 -- The Shaw Group Inc. on Thursday announced that its Shaw Environmental & Infrastructure Division was awarded a contract by the Naval Facilities Engineering Command, Atlantic Division, for environmental remediation services.
The award is for a base period of one year with four one-year option periods. The five-year contract has a potential value of up to $125 million.
The sites will consist of those ranked on the Superfund National Priority List (NPL) as well as non-NPL sites regulated under Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), Resource Conservation and Recovery Act (RCRA), Underground Storage Tanks (UST), state environmental regulatory programs and other sites, which might require remedial action. The work will be performed at various Navy and Marine Corps installations in Virginia, North Carolina, West Virginia, Maryland and the District of Columbia and is to be completed by January 2008.
Tim Barfield, President of Shaw Environmental & Infrastructure, Inc., stated, "We are very excited to receive this award and believe its timing is a clear affirmation of the Department of Navy's confidence in Shaw's ability to provide superior remediation services. We value the Navy's commitment to Shaw through this award and look forward to demonstrating our enhanced capabilities in a mutually beneficial relationship going forward."
The Shaw Group Inc. is a global provider of comprehensive services to the power, process, and environmental and infrastructure industries. Shaw is a vertically-integrated provider of comprehensive engineering, procurement, pipe fabrication, construction and maintenance services to the power and process industries.
Shaw is also a specialist in the environmental, infrastructure and homeland defense markets providing consulting, engineering, construction, remediation and facilities management services to governmental and commercial customers. The company is headquartered in Baton Rouge, Louisiana with offices and operations in North America, South America, Europe, the Middle East and the Asia-Pacific region and employs approximately 17,000 people. For more information please visit our web site at www.shawgrp.com.
