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NV5 Global Lands $7M Contract for Historic Lake Havasu Second Bridge Project





NV5 Global has been secured $7 million contract Lead the engineering design and construction management of the Second Bridge and Road Project in Lake Havasu City, Arizona. The three-year infrastructure project will establish a second connection from the mainland to Lake Havasu Island. Lake Havasu Island currently has only one access point via the historic London Bridge. The new bridge is intended to ease traffic congestion, support economic development, and improve access for emergency vehicles while facilitating population growth in Lake Havasu City.

NV5 Global Haa Otenutoun 7 million dollar contratto Follow Progettazione Research and Second Cost Management and Progett Guidance in Lake Havasu City, Arizona. London Bridge. Avoid traffic jams, get immediate access for urgent emergencies, and quickly resolve emergencies in Lake Havasu City.

NV5 Global is conseguido un 7 million dollar contrato We are involved in construction projects and project development in Lake Havasu City, Arizona. Continental and island Lake Havasu infrastructure projects are necessary to actually participate in the historic journey of London Bridge. It accomplishes a variety of objectives, including reducing traffic congestion, responding to emergencies, and supporting public transportation in Lake Havasu City.

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NV5 Global formal United Nations 7 million dollar consideration Routier of Lake Havasu City, Arizona conception and construction plans and projects. The project to establish a connection between Troyes’ infrastructure and Lake Havasu will require reaching a point accessible via the historic London Bridge. Resolve traffic congestion and economic development and emergencies that promote population croissance in Lake Havasu City.

NV5 Global hat ainen Feltrug Uber $7 million Ingenieurdesign and Bau-management’s gesichert from Brücken and Strasenproject der Stadt, Lake Havasu, Arizona. London Bridge zugänglich ist. zu unterstützen und den Zugang für Einsatzfahrzeuge zu veressern, Lake Havasu City erleichtert.

positive


  • Secures new $7 million infrastructure contract

  • 3-year project period provides a stable source of income

  • Strategic expansion of critical infrastructure services

insight


of 7 million dollars The Lake Havasu Bridge contract represents a small but strategic victory for NV5. Although the contract value is relatively small compared to NV5’s annual revenue, the three-year project duration provides stable revenue. The second bridge addresses critical infrastructure needs and positions NV5 for potential follow-on contracts in the growing Arizona market. The project focuses on significant infrastructure improvements and is consistent with increased government spending on transportation infrastructure. Notable aspects include the project’s dual role in both enhancing public safety and supporting economic development, which could strengthen NV5’s portfolio for similar municipal contracts. The company’s selection for this technically complex project connecting the mainland and the island demonstrates its engineering capabilities in difficult infrastructure scenarios.












HOLLYWOOD, Fla., Nov. 6, 2024 (GLOBE NEWSWIRE) — NV5 Global, Inc. (the “Company” or “NV5”) (Nasdaq: NVEE), a technology, certification and consulting solutions provider, announced today that: We announced that. was awarded the 7 million dollars Contracted to lead the engineering design and construction management of the Lake Havasu City 2 Bridge and Road Project in Lake Havasu City, Arizona. The three-year essential infrastructure project will provide a second connection from the mainland to Lake Havasu Island, which was previously accessible through only one entrance.

“NV5 is pleased to contribute to transportation infrastructure improvements that will support Lake Havasu City’s economic development, provide access to the island’s recreational infrastructure, and alleviate traffic congestion within the city,” said NV5’s Infrastructure Division. CEO, PE Alex Hochman said. “This innovative project highlights our commitment to supporting strong and thriving communities, and our team is committed to delivering a design that prioritizes sustainability and the well-being of Lake Havasu City residents. I am dedicated to

The second bridge will relieve pressure on the city’s iconic London Bridge, which was relocated from London, England to Lake Havasu City in 1968. The second bridge and road project alleviated traffic congestion, supported Lake Havasu City’s economic development and population growth, and improved access for emergency vehicles, residents, and visitors.

About NV5
NV5 Global, Inc. (NASDAQ: NVEE) is a provider of technology, certification and consulting solutions to public and private sector clients supporting the construction of utilities, infrastructure, assets and systems. The company primarily focuses on six verticals: Utilities Services, Infrastructure Engineering, Testing, Inspection and Consulting, Architecture and Technology, Environmental Health Sciences, and Geospatial Services. NV5 operates from over 100 offices domestically and internationally. Please visit our website for more information. www.NV5.com. Please also see us below. Twitter, linkedin, facebookand Vimeo.

Forward-looking statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company cautions that these statements are qualified by important factors that could cause actual results to differ materially. The forward-looking statements contained in this news release reflect this fact. Such factors include: (a) changes in demand from the local and state governments and private customers we serve; (b) general national and global economic conditions and their effect on the market for our services; (c) competitive pressures and trends in our industry and our ability to successfully compete with our competitors; (d) changes in laws, regulations, and policies; (e) the “Risk Factors” described in the Company’s most recent SEC filings; All forward-looking statements are based on information available to us as of the date hereof, and we undertake no obligation to update such statements, except as required by law.

Investor information contact information
NV5 Global Co., Ltd.
jack cochran
Vice President of Marketing and Investor Relations
Phone number: +1-954-637-8048
Email: ir@nv5.com

Source: NV5 Global, Inc.









FAQ



What is the value of the NV5 (NVEE) Lake Havasu Bridge contract?

NV5 (NVEE) has been awarded a $7 million contract for the Lake Havasu City Second Bridge and Road Project.


NV5 (NVEE) How long will the Lake Havasu Bridge project take to complete?

The Lake Havasu Bridge and Road Project is a major three-year infrastructure project.


NV5 (NVEE) What is the purpose of the Lake Havasu Bridge Project?

The project will provide a second connection from the mainland to Lake Havasu Island, easing traffic congestion, supporting economic development, and improving access for emergency vehicles.





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