Tetra Tech (NASDAQ: TTEK) has won a $17.8 million contract to perform environmental cleanup services at a former air base for McClellan Business Park LLC, according to a company statement.
Work will occur on transferred portions of the former McClellan Air Force Base under the installation restoration program, according to a Tetra Tech statement.
The IRS project involves closure, assessment and remediation of more than 130 sites and encompasses over 60 acres.
(Click Here, to read a Q&A with Tetra Tech AMT President Susan Chodakewitz.)
Tetra Tech said the privatized cleanup enables McClellan Business Park to continue redeveloping the former base, which is considered one of the largest economic and infill development projects in Northern California.
Once fully developed, the site could create about 35, 000 jobs and generate over $6.6 million in local property tax revenue and $1.1 million in local sales tax revenue per year.