PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK) announced today that the U.S. Agency for International Development (USAID) awarded the Company a $23 million single-award contract to strengthen forest management in Peru and promote private sector engagement in the country’s forest sector.
More than half of the landscape in Peru is covered by Amazon forests that are home to some of the world’s most important biodiversity. These forests are threatened by illegal logging practices, which contributes to forest degradation and loss of revenue to the Peruvian treasury.
Under the five-year USAID PRO-BOSQUES contract, Tetra Tech will provide technical services to develop and implement monitoring tools, such as an electronic timber tracking system that documents and monitors timber movement throughout the value chain. Tetra Tech also will promote private sector engagement through improved business practices and increase the participation of indigenous and other forest-dependent communities in forest value chains.
“Tetra Tech is pleased to support USAID’s work in Peru to promote sustainable forestry management and increase economic opportunities in a region that includes some of the highest biodiversity in the world,” said Dan Batrack, Tetra Tech Chairman and CEO.
About Tetra Tech
Tetra Tech is a leading, global provider of consulting and engineering services. We are differentiated by Leading with Science® to provide innovative technical solutions to our clients. We support global commercial and government clients focused on water, environment, infrastructure, resource management, energy, and international development. With more than 17,000 associates worldwide, Tetra Tech provides clear solutions to complex problems. For more information about Tetra Tech, please visit tetratech.com, follow us on Twitter (@TetraTech), or like us on Facebook.
Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.