CET Environmental Services, Inc. Awarded Construction Management Contract For Porta Bella Project; Project Involves Remediation and Civil Infrastructure Construction Of 996 Acres
ENGLEWOOD, Colo., April 10 /PRNewswire/ -- CET Environmental Services, Inc. (Amex: ENV) announces the Company has signed a construction management contract with Santa Clarita, LLC, and its managing member, Remediation Financial, Inc. (RFI) of Phoenix, Arizona for the Porta Bella project in Santa Clarita, California. This multimillion-dollar project should be completed in 5 years and includes performing integrated environmental and civil infrastructure services for the development of 996 acres of hillside and plateau property. CET will be mobilizing to the site immediately.
The property was previously owned and operated by the Whittaker Corporation (NYSE), a defense contractor that manufactured explosives, flares, and small munitions. The planned development includes 2,911 residential units, 96 acres for commercial, office, and business park uses, and approximately 400 acres of open space and parks.
CET and RFI have teamed together on two other redevelopment projects, including the 100-acre explosives manufacturing site in Hercules, California, and a 25-acre auto shredding facility in Chandler, Arizona. CET has been conducting environmental investigations at the Porta Bella site for the past 14 months. Myla Bobrow, President and CEO of RFI stated, "We are once again very pleased to be able to benefit from CET's reputation for timely performance of quality services on one of our projects." The Santa Clarita property's environmental conditions and associated costs have been extensively examined.
In addition, CET has formed an Engineering and Construction Division that will manage Brownfields redevelopment projects including the Hercules project in Northern California and this contract. This division will place strong emphasis on project planning and project management systems, including project control and contracts administration. Several key people have been hired that managed billion-dollar capital projects and multimillion-dollar environmental projects for Atlantic Richfield Company and ARCO Environmental Remediation, LLC. The Engineering and Construction Division includes project management, project control, contracts and procurement, construction management, health and safety, as well as various support personnel.
Richard K. Chapman, CET's General Manager of the Engineering and Construction Division, stated, "I am very excited to have this opportunity to combine my 25 years of experience in major capital project and environmental remediation management in leading CET's newly created Engineering and Construction Division. The key management personnel that we have assembled into this new group each bring an additional average of 25 years of successful project and remediation experience to CET."
CET conducts business in four primary areas: government programs, industrial services, water/wastewater treatment and its newly formed Engineering and Construction division. The Company provides a broad range of expertise in technology-based environmental services for both the public and private sectors throughout the United States. |
