PITTSBURGH, July 17, 2001 — The IT Group, Inc. announced today that the South Florida Water Management District, in support of the Comprehensive Everglades Restoration Plan, has awarded a $31 million project to IT Corporation. The two-year, watershed restoration project will begin in August 2001. Operations will include construction of more than 39 miles of levees and 21 miles of canals.
"This contract, combined with four other recent awards in the Everglades Program, is evidence that our nationwide water management initiative is gaining momentum," said Gary Gardner, President of Commercial Engineering and Construction Services for IT Corporation. "We expect continued growth in this dynamic market, particularly in Florida as we support South Florida and other water management districts."
The IT Group addresses the infrastructure and environmental needs of both private and public sector clients as a provider of diversified services, including engineering, consulting, facilities management, water, construction, remediation, liability transfer and information management. IT Corporation is a wholly owned subsidiary of The IT Group. Additional information about The IT Group can be found on the Internet at www.theitgroup.com . The IT Group's common stock and depositary shares are traded on the New York Stock Exchange under the symbol ITX and ITXpr, respectively.
SOURCE: The IT Group
