PASADENA, Calif. - Tetra Tech, Inc. (NASDAQ: TTEK) announced today that it has been awarded a program to manage the U.S. Agency for International Development (USAID) Indonesia Forestry and Climate Support (IFACS) project. The USAID IFACS program seeks to reduce the threats of deforestation and climate change by helping to conserve Indonesia’s tropical forests, wildlife, and ecosystem processes, including carbon sequestration. The USAID IFACS task order was awarded under the Company’s Prosperity, Livelihoods, and Conserving Ecosystems (PLACE) indefinite quantity contract. This four-year program is valued at $40 million, with an initial obligation of $13.8 million.
The USAID IFACS program aims to cut in half the rate of Indonesian forest degradation due to illegal logging, over-harvesting, fires, and other forest loss across more than 10 million acres of forested land in targeted areas.
“Indonesia contains the world’s third largest expanse of tropical forest,” said Dan Batrack, Tetra Tech’s Chairman and CEO. “Indonesia’s future stability and prosperity is dependent upon its natural resource base. Tetra Tech is proud to support USAID’s efforts to assist the Indonesian government with restoring the forests and improving forest management systems.”
Tetra Tech will provide technical support to help Indonesians improve land and forest resource governance; build local awareness, capacity, and support for a landscape approach to forest management; develop private sector, local enterprise, and market linkages in support of the program goals; and provide overall project management services for the USAID IFACS project.