ICF (NASDAQ:ICFI), a consulting and technology services provider to government and commercial clients around the world, was awarded in the third quarter of 2016 a supplemental funding agreement by the New York State Department of Transportation (NYSDOT). The agreement provides nearly $7 million in additional spending capacity over a 12-month period under the NYSDOT Statewide Active and Transportation Demand Management support contract awarded to ICF in 2015.
ICF develops travel demand management (TDM) solutions that help reduce travel time and congestion, improve air quality, generate cost savings, and support community livability and public health objectives. Working closely with clients to engage in program solutions that address even the most difficult and complex travel issues, ICF delivers comprehensive support at every stage, from planning and program development to program implementation and ongoing support. ICF understands the latest tools for TDM programs and how to put them to work to inform decisions, track behaviors, and motivate action. ICF's approach reflects extensive insight into programs, transportation operations, marketing and outreach and technologies at the federal, state, regional and local levels.
ICF will support the continued growth and evolution of NYSDOT’s regional and statewide TDM plan into a more active, integrated strategy for supporting multimodal mobility and travel reliability in the State of New York. This includes providing comprehensive program development, as well as technical, operational, marketing, outreach and customer support services to downstate programs and expanding these programs across the upstate region.
As part of this effort, ICF will begin to work with NYSDOT on its second major integrated corridor management project, looking at ways in which the state can manage its transportation corridors in a multimodal manner. The firm will also support the advancement of transportation systems management and operations programs statewide, working closely with NYSDOT and its stakeholders to develop approaches that are geared toward optimizing the transportation system across New York State.
“Nimble and responsive, ICF has the bench strength required to support the dynamic needs of today’s transportation agencies and programs,” said Anne Choate, senior vice president for ICF. “We understand the technologies, systems and integrated strategies to optimize the transportation network across the state and we look forward to continuing to help NYSDOT in their implementation.”
For More Information:
ICF (NASDAQ:ICFI) is a global consulting services company with over 7,000 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements THAT are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.