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| Washington Group gains contract extension at Savannah River Site The U.S. Department of Energy (DOE) and the Washington Savannah River Company (WSRC) -- a subsidiary of Washington Group International -- agreed on a contract extension for management and operation of DOE's Savannah River Site through June 30, 2008. WSRC has been the management and operating contractor at the site since 1989. The Savannah River Site, a 310-square-mile site located near Aiken, S.C., primarily conducts missions for DOE's Office of Environmental Management and for the National Nuclear Security Administration. The contract also includes management of the Savannah River National Laboratory, DOE's lead laboratory for environmental research and development. The total contract value during the 18-month extension period, retroactive to January 1, 2007, is estimated to be $2.3 billion depending on final federal budgets. Washington Group International (Nasdaq: WGII) is the lead contractor on the WSRC team that includes four other fee-sharing partners. write your comments about the article :: © 2007 Construction News :: home page |