Bowman Consulting Lands Major I-55 Corridor Management Contract with Illinois Department of Transportation (IDOT)
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Bowman Consulting Group Ltd. (NASDAQ:BWMN) has secured a significant contract with the Illinois Department of Transportation to manage and design a 15.6-mile corridor of I-55. This project is part of Illinois' $45 billion Rebuild Illinois infrastructure program, aiming to improve safety and reduce congestion.
September 23, 2024 | 11:38 am
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Bowman Consulting Group Ltd. has been awarded a major contract by the Illinois Department of Transportation to manage and design a 15.6-mile corridor of I-55. This project is part of the state's $45 billion Rebuild Illinois infrastructure program.
The contract with IDOT is a significant win for Bowman Consulting, as it positions the company as a key player in Illinois' large-scale infrastructure projects. This could lead to increased revenue and visibility, positively impacting its stock price in the short term.
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