USAID Awards Tetra Tech a $47M Biodiversity and Forestry Conservation Contract
PASADENA, Calif. -- 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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Source: Tetra Tech, Inc.