Tetra Tech and International Resources Group Joint Venture Wins USAID Worldwide Water Resources Contract
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Friday October 8, 11:58 am ET
PASADENA, Calif.--(BUSINESS WIRE)--Oct. 8, 2004--Tetra Tech, Inc.
(NASDAQ:TTEK - News) and International Resources Group Ltd. (IRG) announced today that their Joint Venture (JV) team was awarded a $2.0 billion
Integrated Water and Coastal Resources Management (IWCRM) contract
with the U.S. Agency for International Development (USAID). Five large
business teams will share in the aggregate contract ceiling for this
five-year, indefinite-quantity contract. The contract is one of the
largest ever awarded by USAID and is also the largest contract ceiling
awarded to either JV partner.
The JV will provide technical assistance and engineering services
for water and coastal management projects in developing countries
around the world. The contract scope includes institutional
strengthening; policy and legal program support; technical program
support; information exchange, performance monitoring and evaluation;
assessment and analysis; engineering design; and strategic planning.
Work will be closely coordinated with host country government
institutions and other stakeholders in water and coastal resources
management.
About the U.S. Agency for International Development
(www.usaid.gov)
USAID is an independent federal agency that provides economic,
development and humanitarian assistance around the world in support of
the foreign policy goals of the United States.
About USAID's Integrated Water and Coastal Resources Management
Contract
This IWCRM contract supports projects that involve water supply,
wastewater treatment and sanitation, water and wastewater utility
management, irrigation, watershed and river basin management and
planning, urban stormwater management, groundwater aquifer management,
hydropower, coral reef protection, sustainable fisheries, aquaculture
and aquatic ecosystem management, meteorology, hydrology, non-point
source pollution prevention, water-related infrastructure finance,
water quality management and regulation, and industrial pollution
prevention and control.
About International Resources Group Ltd. (www.irgltd.com)
IRG is an international professional services firm that helps
governments, the private sector, communities, and households manage
critical resources to build a cleaner, safer, and more prosperous
world. Since its inception in 1978, IRG has completed over 650
contracts in 134 countries, delivering high-quality, cost-effective
services that promote positive economic growth, institutional and
social change, and intelligent use of resources - human, physical,
environmental, and financial.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering and
technical services. With nearly 9,000 associates located in the United
States and internationally, the Company supports commercial and
government clients in the areas of resource management and
infrastructure. Tetra Tech's services include research and
development, applied science and technology, engineering design,
construction management, and operations and maintenance.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Any forward-looking
statements made in this release represent management's best judgment
as to what may occur in the future. However, Tetra Tech's actual
outcome and results are not guaranteed and are subject to certain
risks, uncertainties and assumptions ("Future Factors"), and may
differ materially from what is expressed. For a description of Future
Factors that could cause actual results to differ materially from such
forward-looking statements, see the discussion under the section "Risk
Factors" included in the Company's Form 10-K and 10-Q filings with the
Securities and Exchange Commission.
Contact:
Tetra Tech, Inc.
Mike Bieber, 626-351-4664
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