ARCADIS Expands Remediation Contract in the U.S.
January 11 2010 - 2:45AM
PR Newswire (US)
AMSTERDAM, January 11 /PRNewswire-FirstCall/ -- ARCADIS (EURONEXT:
ARCAD), the international design, consulting, engineering and
management services company, today announced that its GRiP(R)
contract for environmental remediation with Atlantic Richfield
Company, a BP affiliate, has been expanded. Under the contract
another portfolio was added, representing a contract value of close
to $30 million. The earlier contract with Atlantic Richfield
Company, which ARCADIS won in August 2009, involves environmental
remediation and site closure for a portfolio with existing
environmental liabilities. ARCADIS applies the GRiP(R) (Guaranteed
Remediation Program) approach to these sites to assure that each
site in the portfolio will meet the environmental cleanup standards
set by the regulators. The contract expansion underlines ARCADIS
strong position in the U.S. environmental market, based on its
strong and innovative remediation capabilities and proven success
in GRiP(R) contract execution. Commenting on this contract
expansion, Gary Coates, President of ARCADIS US Environmental
Division said: "We are glad that Atlantic Richfield awarded us an
additional portfolio of sites to remediate under our GRiP(R)
program. This shows that our commitment to meet Atlantic
Richfield's expectations has been recognized by our client. The
GRiP(R) approach enables clients to redirect their resources to
core business activities and drive more of their environmental
expenditures towards reducing their liabilities within a fixed
period of time." About ARCADIS: ARCADIS is an international company
providing consultancy, design, engineering and management services
in 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 more than 15,000 employees and over EUR 2.0
billion in revenues, the company has an extensive international
network that is supported by strong local market positions. Visit
us on the internet at: http://www.arcadis-global.com/ DATASOURCE:
ARCADIS NV CONTACT: For more information please contact: Mark
Zellenrath of ARCADIS at +31-26-3778348 or outside office hours at
+31-6-50736265, or e-mail at .
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