ARCADIS Subsidiary LFR Awarded Extensive GSS(TM) Remediation Contract in Canada
December 02 2008 - 2:00AM
PR Newswire (US)
ARNHEM, The Netherlands, December 2 /PRNewswire-FirstCall/ --
ARCADIS (EURONEXT: ARCAD), the international consulting, design,
engineering and management services company, announced today that
LFR Inc., a fully owned subsidiary of ARCADIS has been awarded a
multi-million dollar Guaranteed Site Solutions(TM) (GSS)
Environmental Services Agreement with Kinder Morgan Canada
Terminals Limited (KMCT), a partnership for the Vancouver Wharves
facility in North Vancouver, Canada. The scope of work will span
10-years and includes the assumption of specific environmental
obligations that incorporate KMCT's sustainable business operations
and best practices. Additional services will include managing the
environmental remediation and compliance monitoring during the
facility expansion and upgrade. The project will be managed by an
LFR project team located in North Vancouver, Canada. Additional
support will be provided by U.S. team members and ARCADIS' global
network. "The environmental market sector recognizes the benefits
of using innovative environmental risk transfer tools like GSS(TM)
and GRiP(R) to enhance their remediation activities," stated Frank
Lorincz, CEO of LFR. "LFR in conjunction with ARCADIS is now
positioned to capitalize on extensive U.S. experience in the
international market." LFR services will be implemented under an
innovative contracting structure which includes the use of a unique
"integrated risk" insurance product. "This contract is uniquely
structured to address KMCT's expansion program and is a new
contracting mechanism in the Canadian market place" Lorincz said.
"Given LFR's recent merger with ARCADIS, we could use ARCADIS'
advanced technology and extensive risk management experience to
support winning this project. Also the international reach of the
organization was a key component of meeting our client's business
objectives." ARCADIS is an international company providing
consultancy, design, engineering and management services in the
field of infrastructure, environment and buildings. We aim to
enhance mobility, sustainability and quality of life by creating
balance in the built and natural environment. ARCADIS develops,
designs, implements, maintains and operates projects for companies
and governments. With 14,000 employees and EUR 1.7 billion in
revenues, the company has an extensive international network that
is supported by strong local market positions. For more information
contact: Joost Slooten of ARCADIS outside office hours at
+31-6-2706-1880, weekdays at +31-26-3778604 or e-mail at . Visit us
on the internet at: http://www.arcadis-global.com/ ARCADIS NV,
Nieuwe Stationsstraat 10, P.O. Box 33, 6800 LE Arnhem, The
Netherlands, Tel +31-26-3778-292, Fax +31-26-4438-381 DATASOURCE:
ARCADIS NV CONTACT: For more information contact: Joost Slooten of
ARCADIS outside office hours at +31-6-2706-1880, weekdays at
+31-26-3778604 or e-mail at ; ARCADIS NV, Nieuwe Stationsstraat 10,
P.O. Box 33, 6800 LE Arnhem, The Netherlands, Tel +31-26-3778-292,
Fax +31-26-4438-381
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