ST LOUIS, MO (STL.News) – Aegion Corporation (NASDAQ:AEGN) Monday announced that its subsidiary, Insituform Technologies, LLC, has been awarded a contract valued at $7.2 million from the city of Memphis, Tennessee. Including this most recent contract award, the city of Memphis has awarded Insituform approximately $14.5 million in contracts since 2015.
The city of Memphis conducted an in-depth pre-qualification process which included stringent safety requirements, proof of installation experience, resumes of project team members and manufacturing quality reports. Six contractors were approved following the pre-qualification process and Insituform was awarded the project.
Crews will install Insituform® CIPP in more than 10 miles of 8- to 36-inch wastewater pipelines in residential areas throughout Memphis beginning in July 2019. The Company anticipates completing the project in July 2020.