Parsons Corporation (NYSE:PSN) saw a 1% increase in its stock price during pre-market trading on Tuesday. This uptick follows the announcement that Parsons has been chosen to join a $7 billion light rail project in Austin, Texas. The project team includes Parsons, Aecom (NYSE:ACM), and CAS Consulting. Together, they will handle program management, oversight, and quality control for the construction of the light rail system. The project, which aims to enhance Austin’s public transportation infrastructure, is expected to have significant economic impacts on the region. The involvement of these firms in such a large-scale project highlights their expertise and potential for growth in the infrastructure sector.
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