Tetra Tech wins $21 million award to improve Prey Lang conservation from USAID
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Tetra Tech wins $21 million award to improve Prey Lang conservation from USAID

Consulting and engineering company Tetra Tech has been awarded a $21 million contract by the United States Agency for International Development. The award is for a five-year contract to “improve biodiversity conservation and strengthen sustainable development” in the Prey Lang region of Cambodia.

The area is one of South-east Asia’s last remaining lowland evergreen woodlands, and it is home to important water resources and biodiversity – including one of the world’s last seven remaining ‘elephant corridors’ (narrow strips of land that allow elephants to move from one habitat to another). It’s a region under threat from a host of ills, such as deforestation, wildlife trafficking and climate change.

Tetra Tech’s share price has risen by 43% over the year so far

graph 2509 tetra

SOURCE: Yahoo Finance

In a statement, Tetra Tech said: “Under the USAID Greening Prey Lang program, Tetra Tech will provide technical support services using an integrated approach for sustainable watershed management and biodiversity conservation to foster economic growth.”

The company’s Chairman, Gary R. Birkenbeuel, highlighted the role that the company plays in regards to climate change, biodiversity, and general good stewardship of the planet. This latest award will play into that heritage. He said: “For decades Tetra Tech has used its leading with science approaches to integrate the environmental, social and institutional elements needed for more resilient ecosystems.”

The five million acre-region is a focal point for conservationists, and the Community Peace Building Network has pledged to advise Tetra Tech and USAID on “how they could work together effectively so that they could get benefits from the conservation.”

Disclosure

Dominion holds Tetra Tech in its Global Trends Managed Fund.


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