ARNHEM, The Netherlands, December 2 /PRNewswire/ -- ARCADIS (EURONEXT: ARCAD), the international consulting, design, engineering and management services company, announced today that LFR Inc., a fully owned subsidiary of ARCADIS has been awarded a multi-million dollar Guaranteed Site Solutions(TM) (GSS) Environmental Services Agreement with Kinder Morgan Canada Terminals Limited (KMCT), a partnership for the Vancouver Wharves facility in North Vancouver, Canada.
The scope of work will span 10-years and includes the assumption of specific environmental obligations that incorporate KMCT's sustainable business operations and best practices. Additional services will include managing the environmental remediation and compliance monitoring during the facility expansion and upgrade. The project will be managed by an LFR project team located in North Vancouver, Canada. Additional support will be provided by U.S. team members and ARCADIS' global network.
The environmental market sector recognizes the benefits of using innovative environmental risk transfer tools like GSS(TM) and GRiP(R) to enhance their remediation activities, stated Frank Lorincz, CEO of LFR. LFR in conjunction with ARCADIS is now positioned to capitalize on extensive U.S. experience in the international market.
LFR services will be implemented under an innovative contracting structure which includes the use of a unique integrated risk insurance product. This contract is uniquely structured to address KMCT's expansion program and is a new contracting mechanism in the Canadian market place Lorincz said. Given LFR's recent merger with ARCADIS, we could use ARCADIS' advanced technology and extensive risk management experience to support winning this project. Also the international reach of the organization was a key component of meeting our client's business objectives.
ARCADIS is an international company providing consultancy, design, engineering and management services in the field of infrastructure, environment and buildings. We aim to enhance mobility, sustainability and quality of life by creating balance in the built and natural environment. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With 14,000 employees and EUR 1.7 billion in revenues, the company has an extensive international network that is supported by strong local market positions.
For more information contact: Joost Slooten of ARCADIS outside office hours at +31-6-2706-1880, weekdays at +31-26-3778604 or e-mail at firstname.lastname@example.org. Visit us on the internet at: http://www.arcadis-global.com
ARCADIS NV, Nieuwe Stationsstraat 10, P.O. Box 33, 6800 LE Arnhem, The Netherlands, Tel +31-26-3778-292, Fax +31-26-4438-381
For more information contact: Joost Slooten of ARCADIS outside office hours at +31-6-2706-1880, weekdays at +31-26-3778604 or e-mail at email@example.com; ARCADIS NV, Nieuwe Stationsstraat 10, P.O. Box 33, 6800 LE Arnhem, The Netherlands, Tel +31-26-3778-292, Fax +31-26-4438-381