Tetra Tech Wins $72.5 Million Contract to Mobilize Financing for Climate-Resilient Water and Sanitation Services
PASADENA, Calif.--(BUSINESS WIRE)--Nov 29, 2022--
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) has awarded the Company a $72.5 million, single-award, five-year contract to increase access to financing for climate-resilient water and sanitation services.
Globally, hundreds of millions of people lack access to basic drinking water, and more than a billion people lack access to basic sanitation services. Through the USAID Water, Sanitation, and Hygiene Finance 2 (WASH-FIN 2) activity, Tetra Tech will work with government and financial institutions, development partners, service providers, and local stakeholders to mobilize the financing required to expand WASH services. Tetra Tech water resources and infrastructure experts will support water service providers to improve climate resilience and strengthen their business models through data-driven decision-making.
“Tetra Tech has more than 40 years of experience supporting USAID to expand access to water and sanitation in developing countries,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to using our Leading with Science ® approach to increase financing for climate-resilient WASH services worldwide.”
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science ® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
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 Form 10-Q filings with the Securities and Exchange Commission.
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CONTACT: Jim Wu, Investor Relations
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KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: WHITE HOUSE/FEDERAL GOVERNMENT GREEN TECHNOLOGY ENERGY MANUFACTURING TECHNOLOGY FINANCE CONSULTING PROFESSIONAL SERVICES OTHER NATURAL RESOURCES ENVIRONMENT PUBLIC POLICY/GOVERNMENT ENVIRONMENTAL HEALTH NATURAL RESOURCES OTHER TECHNOLOGY UTILITIES ENGINEERING
SOURCE: Tetra Tech, Inc.
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