USAID Awards Tetra Tech a $47M Biodiversity and Forestry Conservation Contract
September 08 2015 - 9:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S.
Agency for International Development (USAID) has awarded the
Company a $47 million single award contract, LESTARI, to promote
climate-smart ecosystems, protect biodiversity, and conserve
forested areas in Indonesia.
Indonesia possesses some of the planet’s most biologically
diverse and carbon-rich ecosystems. The country’s forests and
mangroves provide habitat to highly valued species, support the
livelihoods of millions of Indonesians, and have the potential to
mitigate global climate change through carbon sequestration. These
ecosystems are threatened by deforestation and unsustainable
land-use practices that accelerate the release of greenhouse gas
(GHG) emissions while increasing the vulnerability of forest and
coastal communities to extreme weather events such as floods and
forest fires.
Under the five-year USAID LESTARI project, Tetra Tech will work
with the Government of Indonesia and civil society leaders to
mitigate these threats, reduce land-based GHG emissions, and
conserve valuable biodiversity in priority landscapes in the
provinces of Aceh, Kalimantan, and Papua. Working at the national,
provincial, and local levels, Tetra Tech will help strengthen the
management of conservation areas, prepare and implement low
emission development policies, and support conservation-oriented
decision-making to retain the health of Indonesia’s biodiverse
ecosystems.
“We look forward to continuing our support to USAID on the
Global Climate Change Presidential Initiative and biodiversity
conservation strategies in Indonesia,” said Dan Batrack, Tetra
Tech’s Chairman and CEO. The USAID LESTARI project builds on Tetra
Tech’s work under the USAID Indonesia Forestry and Climate Support
project.
About Tetra Tech
Tetra Tech is a leading provider of consulting, engineering,
program management, and construction management services. The
Company supports commercial and government clients focused on
water, environment, infrastructure, resource management, and
energy. With 13,000 staff worldwide, Tetra Tech provides clear
solutions to complex problems. For more information on Tetra Tech,
please visit www.tetratech.com, follow us on Twitter (@TetraTech),
or like us on Facebook.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Any forward-looking
statements made in this release represent management’s best
judgment as to what may occur in the future. However, Tetra Tech’s
actual outcome and results are not guaranteed and are subject to
certain risks, uncertainties and assumptions ("Future Factors"),
and may differ materially from what is expressed. For a description
of Future Factors that could cause actual results to differ
materially from such forward-looking statements, see the discussion
under the section "Risk Factors" included in the Company’s Form
10-K and 10-Q filings with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20150908005182/en/
Tetra Tech, Inc.Jim Wu, Investor RelationsCharlie MacPherson,
Media & Public Relations(626) 470-2844
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