Aegion Corp. (AEGN) announced that its subsidiary, Insituform Technologies USA, LLC, has received a $6.3 million contract from the City of Springfield, Missouri for the rehabilitation of over 114,000 feet of small-, medium- and large-diameter sewer pipelines.
The company stated that the City of Springfield has initiated a four-year improvement plan valued at up to $30 million to eliminate infiltration issues impacting the integrity of its sewer pipelines. This project is the first year of the planned improvements and will include sewer pipeline inspection using closed-circuit television, manhole rehabilitation and the installation of cured-in-place pipe on laterals and pipelines.
The remaining three years of the improvement plan will include yearly contracts valued at up to $8 million per year. It is expected that each of these remaining contracts will be awarded through a standard competitive bidding process, the company said.
Work on this project will begin in July and is expected to take approximately eight months to complete.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.