09:53 AM EST, 12/12/2024 (MT Newswires) -- Stantec ( STN ) , a global player in sustainable design and engineering, on Thursday said the City of Toronto for Owner's Engineer/Technical Advisory Services selected the company to deliver the F.G. Gardiner Expressway Rehabilitation Project Section 4.

Stantec ( STN ) which has previously completed significant work for Toronto on the Gardiner Expressway Rehabilitation Plan, said the contract on Section 4 was valued at $24 million.

The company will provide multidisciplinary engineering consulting services through planning and preliminary design, procurement, design-build, and post construction. The rehabilitation strategy will include structural modifications, deck replacement, structural steel girder repairs or replacement, and substructure rehabilitation and associated works.

Shares of the company traded $0.27 lower at $119.41 on the Toronto Stock Exchange.

Price: 119.00, Change: -0.68, Percent Change: -0.57