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TRC to Give “Old Mississippi River Bridge” a Facelift

Business Wire
posted: 59 DAYS 22 HOURS AGO

TRC Companies, Inc. (NYSE: TRR) announced today that it was awarded a three-step contract valued in the $1.5 to $3 million range by the Louisiana Department of Transportation and Development (LA DOTD) to provide design and construction support services for the complete rehabilitation of the U.S. 190 “Old Mississippi River Bridge” located in Baton Rouge, LA. Once completed, construction on the $80 million project, which is scheduled to begin in approximately two years, is expected to extend the life of the historic bridge and prevent further deterioration.

The Old Mississippi River Bridge, built in 1940, is a 12,200-foot long steel truss bridge, and is one of only two bridges crossing the Mississippi River in Baton Rouge. In 2005, TRC conducted an in-depth inspection of the bridge, which revealed signs of deterioration. Under the new agreement, the bridge will undergo a complete rehabilitation design led by TRC as Prime Consultant. Scope of the project work includes approximately 40-50 steel and/or concrete structural repairs, the application of an epoxy co-polymer overlay to the bridge deck and removal of deteriorating lead-based paint with an application of a new coating system. These repairs are expected to extend the life of the bridge and eliminate the need for a complete replacement by restoring and strengthening the existing structure.

“TRC has collaborated with the LA DOTD on numerous projects throughout the state and is honored to continue our relationship on such an important project for the state of Louisiana,” said Durk Krone, TRC’s project principal. “The Old Mississippi Bridge is just one example of the hundreds of bridges and highways across the U.S. that are in definite need of repair and/or restoration. We are optimistic that we will likely see more projects similar to this one as the government begins to grant additional funds toward repairing the country’s aging infrastructure.”

“With a transportation asset that is such a critical link between East and West Baton Rouge, we needed a firm with expertise managing a project of this magnitude,” said Francisco Gudiel, LA DOTD project manager. “TRC’s reputation and strength in rehabilitation design on large infrastructure projects, along with the previous work the firm has completed for us, made it an easy selection.”

About TRC

TRC creates and implements sophisticated and innovative solutions to the challenges facing America’s environmental, energy, and infrastructure markets. The Company also is a leading provider of engineering, consulting, and construction management services to commercial and government customers across the country. For more information, visit TRC’s website at www.TRCsolutions.com.

Forward-Looking Statements

Certain statements in this press release may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You can identify these statements by forward-looking words such as "may," "expects," "plans," "anticipates," "believes," "estimates," or other words of similar import. You should consider statements that contain these words carefully because they discuss our future expectations, contain projections of our future results of operations or of our financial condition, or state other "forward-looking" information. We believe that it is important to communicate our future expectations to our investors. However, there may be events in the future that we are not able to accurately predict or control and that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and actual results may differ materially from those discussed as a result of various factors, including, but not limited to, the availability and adequacy of insurance; the uncertainty of our operational and growth strategies; circumstances which could create large cash outflows, such as contract losses, litigation, uncollectible receivables and income tax assessments, including potential payments related to our ongoing IRS audit, if not resolved successfully; regulatory uncertainty; the availability of funding for government projects; the level of demand for our services; product acceptance; industry-wide competitive factors; the ability to continue to attract and retain highly skilled and qualified personnel; and general political or economic conditions. Furthermore, market trends are subject to changes, which could adversely affect future results. See additional discussion in our Annual Report on Form 10-K for the fiscal year ended June 30, 2009, Quarterly Reports on Form 10-Q, and other factors detailed from time to time in our other filings with the Securities and Exchange Commission.

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