Stantec selected to oversee water infrastructure improvements in Ulaanbaatar, Mongolia - Seite 2

Nachrichtenquelle: globenewswire
24.09.2020, 12:45  |  104   |   |   

The Government of Mongolia is contributing an additional US$111.8 million to support the investment, ranking among the largest partner contributions in the history of MCC.

MCC is an independent US Government agency working to reduce global poverty through economic growth. Created by the US Congress in 2004, the corporation provides time-limited grants and assistance to low- and lower-middle income countries that meet rigorous standards for good governance. Stantec has worked with MCC in an advisory capacity since 2006 on projects in Sierra Leone, Niger, and Zambia.

Stantec’s International Development Group combines decades of expertise in providing sustainable solutions to deep-rooted development challenges with local knowledge and perspective to support international donors and financial institutions in improving the design, implementation, and oversight of development programs throughout the world. The team helps developing countries to achieve resilient and equitable growth, transition to lower carbon economies, and protect water and other natural resources.

About Stantec

Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.

We care about the communities we serve—because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN. Visit us at stantec.com or find us on social media.

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements regarding the project described above, including statements regarding Stantec’s role and involvement on the project. Forward-looking statements also include any other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and subject to inherent risks and uncertainties. There is a risk that the project described above may be delayed, cancelled, suspended or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Except as may be required by law, Stantec undertakes no obligation to publicly update or revise any forward-looking statements. Forward‑looking statements are provided herein for the purpose of giving information about the project referred to above and its expected impact. Readers are cautioned that such information may not be appropriate for other purposes.

Media Contact
Danny Craig
Stantec Media Relations
Ph (949) 923-6085
danny.craig@stantec.com

Investor Relations Contact
Tom McMillan
Stantec Investor Relations
Ph (780) 917-8159
tom.mcmillan@stantec.com

To subscribe to Stantec’s email news alerts, please fill out the subscription form, which is available on the Contact Information page of the Investors section at Stantec.com.

Design with community in mind


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Stantec selected to oversee water infrastructure improvements in Ulaanbaatar, Mongolia - Seite 2 Through a compact between the Millennium Challenge Corporation and the Mongolian Government, the project is designed to increase water supply by 80 percentEDMONTON, Alberta and NEW YORK and WASHINGTON, Sept. 24, 2020 (GLOBE NEWSWIRE) - The …

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