Arizona Department Of Transportation Taps Bowman Consulting Group For ASU Pedestrian-Bicycle Grade Separation Project
Portfolio Pulse from Nabaparna Bhattacharya
Bowman Consulting Group Ltd. (NASDAQ:BWMN) has been selected by the Arizona Department of Transportation to provide engineering and oversight services for a pedestrian and bicycle grade separation project at Arizona State University's Tempe campus. This marks Bowman's first major contract with ADOT, indicating its strategic expansion into public works and transportation markets in the Western U.S. The project is set to begin construction in late 2025.
May 15, 2024 | 3:42 pm
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Bowman Consulting Group Ltd. (NASDAQ:BWMN) has secured a significant contract with the Arizona Department of Transportation for a pedestrian and bicycle grade separation project at ASU's Tempe campus. This contract represents Bowman's strategic expansion into the public works and transportation markets in the Western U.S.
The contract with ADOT is a significant milestone for Bowman, marking its entry into the public works and transportation markets in the Western U.S. This could lead to increased revenue and market presence, positively impacting the stock price in the short term.
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