Insituform Technologies (INSU) Awarded $9.1 Million Contract by the City and County of Honolulu
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Insituform Technologies, Inc. (Nasdaq: INSU) has been awarded a $9.1 million contract by the City and County of Honolulu, Hawaii. Upon completion of the project, nearly 8,000 feet of 8-inch to 30-inch deteriorating sewer pipe, the majority of which is located under Kalanianaole Highway, will be cleaned, inspected and rehabilitated with Insituform(R) CIPP. Insituform has completed over $30 million in pipeline rehabilitation for Honolulu since 2005.
For the past three years, the City and County of Honolulu has been implementing a 10-year capital improvement plan. The City and County expects to spend approximately $30 million annually on the rehabilitation and replacement of its water, sewer and stormwater pipelines.
Insituform Technologies, Inc. is a provider of technologies and pipeline rehabilitation services to the sewer, water and energy and mining infrastructure markets. [SM]
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