ARCADIS Awarded Multi-Million Dollar Remediation Contract From GATX.Business Editors DENVER--(BUSINESS WIRE) ARCADIS (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ARCAF) announced today that it has been awarded a multi-million dollar contract to achieve environmental regulatory agency regulatory agency Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S. closure of GATX's former Staten Island, New York terminal for a guaranteed fixed price under ARCADIS's Guaranteed Remediation Program (GRiP(TM)). The site is a 440-acre parcel bordered on the north by the Goethels Bridge and on the west by the Arthur Kill River. The site has been operated as a petroleum storage and transfer facility from 1929 through 1999. GATX GATX General American Transportation Corporation acquired the property in 1989 and discontinued operations at the site in 1999. The primary site operations have been the loading and unloading of petroleum products, primarily from ships along the Arthur Kill, and the transfer of petroleum products via transmission lines along rights of way across the site. Remediation of the site will include on-site bioremediation bi·o·re·me·di·a·tion n. The use of biological agents, such as bacteria or plants, to remove or neutralize contaminants, as in polluted soil or water. of hydrocarbon-impacted soil, removal of hydrocarbon Light Non-Aqueous Phase Liquid, and monitored natural attenuation Loss of signal power in a transmission. Attenuation The reduction in level of a transmitted quantity as a function of a parameter, usually distance. It is applied mainly to acoustic or electromagnetic waves and is expressed as the ratio of power densities. , under the jurisdiction of the New York State Department of Environmental Conservation (NYSDEC NYSDEC New York State Department of Environmental Conservation ). ARCADIS has been performing guaranteed fixed price remediation contracts since 1994. ARCADIS' GRiP(TM) guarantee provides our clients with the assurance that their sites will be brought to closure for a single, fixed price, with ARCADIS assuming responsibility for all remediation and regulatory agency interaction. The program quantifies risk, facilitates property transfer and accelerates site closure. ARCADIS' GRiP(TM) guarantee has been utilized in over $1 billion in property transfers at over 50 sites, converting them to industrial, commercial, recreational and residential end uses. ARCADIS is a leading, global, knowledge-driven service provider, active in the fields of infrastructure, buildings, environment and communications. With client success central to our total business approach, we fulfill project or program needs from concept to completion and beyond. Together, we generate EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 800 million in annual revenues. There are 8,000 of us, results-oriented people, continually investing in our skills to maximize value while creating viable solutions that assure your success. |
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