Parsons secures $1.4 billion bridge oversight contract

• Parsons won oversight contracts for the $1.1–$1.4 billion John A. Blatnik Bridge replacement.
• The infrastructure company's shares traded down at $55.49 following the formal selection.
• The five-year construction phase will begin in Fall 2026 with a completion target of 2031.

Parsons (NYSE:PSN) secured design and construction oversight contracts for the estimated $1.1–$1.4 billion John A. Blatnik Bridge replacement project.

The infrastructure firm previously delivered the preliminary engineering designs for the joint transit initiative between Minnesota and Wisconsin.

The extensive design-build assignment includes the early demolition of the existing 1961 bridge structure to meet a five-year development timeline.

The project requires crossing two active navigation channels, two railroads, and multiple city streets over the St. Louis Bay.

The transit departments expect to fully open the new replacement structure to active vehicle traffic by 2031.