Aegion Subsidiary Receives $6.3 Mln Contract From City Of Springfield, Missouri

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6/21/2012 2:59 PM ET

Aegion Corp. (AEGN: Quote) 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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