Stantech Wins US$20 Million Contract for Total Reservoir Expansion Project, Canadian Business Journal

EDMONTON AND DENVER, Alberta, OCTOBER 6, 2022 (GLOBE NEWSWIRE) — New York Stock Exchange, TSX: STN

Stantec, a global leader in sustainable design and engineering, has been named an Engineer of Record to provide engineering support during the construction of the second phase of the Gross Reservoir Expansion (GRE) project in Boulder County, Colorado. This $531 million project will raise the height of an existing curved concrete gravity dam by 131 feet, increasing reservoir capacity to a total of about 119,000 acre feet, making it the tallest dam in Colorado.

The GRE project aims to provide water safety to the more than 1.5 million residents who live in the Denver Water Service Area. The expanded reservoir will balance the catchment systems of northern Denver (Fraser/Colorado River Basin via Moffat Tunnel) and southern Denver (South Platte and Colorado/Blue River Basin via Roberts Tunnel), drawing water from multiple sources. Increase resilience and flexibility to deliver. serve the community; The project is also designed to prevent water shortages due to drought and extreme weather-related events.

“By raising the Gross Reservoir, Denver Water is addressing one of the most pressing issues facing the western United States: water resilience,” said executive vice president of Stantech’s Energy and Resources business. says Mario Finis. “We offer a multi-solution approach that includes water storage as part of our overall plan to address the challenges facing our communities.”

Stantec won the design services contract for the first phase of the project in 2017, and when expanded, the dam will be the world’s largest dam rise using the Roller Compact Concrete system. His US$20 million construction-phase contract for Stantec includes owner support, contractor quality review and regulatory compliance. The GRE project received approval from the Colorado Department of Technology and the Federal Energy Regulatory Commission in early 2022.

Stantec’s Energy & Resources team builds complex infrastructure that has served communities for generations. Stantech and the municipality Northern Colorado Water District (Northern Water) recently celebrated the groundbreaking ceremony for the Chimney Hollow Reservoir project in Loveland, Colorado. The project will provide water storage to meet the needs of a growing population throughout northern Colorado communities, including Bloomfield, Longmont, and Loveland. , and Greeley. For more information, please visit www.stantec.com/dams.

About Stantech

Community is fundamental. Whether around the corner or around the world, they provide a foundation, a sense of place and a sense of belonging.That’s why at Stantech we always Designed with community in mind.

We care about the communities we serve. Because the community is our community too. This allows us to assess what we need, connect our expertise, understand the nuances, imagine what has never been considered, bring together diverse perspectives, and work together for shared success. can.

We are designers, engineers, scientists and project managers, innovating together at the intersection of community, creativity and client relationships. Balancing these priorities results in projects that improve the quality of life in communities around the world.

Stantech is traded on the TSX and NYSE under the symbol STN. Visit stantec.com or find us on social media.

Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding the initiatives and projects described above. Forward-looking statements also include other statements that do not refer to historical facts. By their nature, forward-looking statements are based on assumptions and are subject to inherent risks and uncertainties. The above initiatives and projects may be postponed, canceled, suspended or terminated. This could cause future results to differ materially from the forward-looking statements made in this news release. Stantec undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. Forward-looking statements are provided here for the purpose of providing information regarding the initiatives and projects described above and their expected impact. Readers are cautioned that such information may not be suitable for other purposes.

Designed with the community in mind

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