Parsons-Vanir JV Awarded Sacramento International Airport's CMI Contract

Core Insights - Parsons Corporation, in partnership with Vanir, has been selected by the Sacramento County Department of Airports to provide construction management and inspection services for the SMForward Program at Sacramento International Airport, which is part of a $1.3 billion airport improvement initiative [7] - The SMForward Program aims to enhance the convenience, comfort, and accessibility of the airport, accommodating projected passenger growth and supporting regional economic development [1][6] - The joint venture (PVJV) will manage a $30 million contract over five years, focusing on terminal gate expansions, a new parking structure, a Consolidated Rental Car Facility, and roadway improvements [7][1] Company Overview - Parsons Corporation is a leading provider of disruptive technology in national security and global infrastructure, with expertise in various sectors including transportation and urban development [4] - Vanir is recognized as a national leader in program, project, and construction management, serving both public and private sectors across multiple industries [8] Project Details - The SMForward Program is one of the largest capital improvement projects for the Sacramento County Department of Airports, which oversees four airports and generates over $4 billion in regional economic impact annually [6][1] - The project includes significant infrastructure enhancements such as additional gates at Terminal A and Terminal B, and a passenger skywalk to Concourse B [1]