Projects highlight AECOM's continued geographic expansion
LOS ANGELES--(BUSINESS WIRE)--Mar. 9, 2009--
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for government
and commercial clients around the world, announced today that it has
recently been awarded two passenger rail contracts in India with fees
totaling US$50 million.
The two contracts, which cover work on passenger railways serving the
cities of Chennai and Kolkata, will leverage AECOM’s design, as well as
project- and construction-management, services. AECOM will perform the
work on both projects as a part of joint ventures.
The US$3-billion Chennai Metro Rail project includes two rail lines
spanning approximately 28 miles, and includes 36 stations and a depot.
The value of this project to AECOM is expected to be US$30 million. The
US$1-billion Kolkata Metro Rail project encompasses work on the Kolkata
East-West line covering approximately 11 miles through the city center
and 12 stations. The value of this project to AECOM is expected to be
US$20 million. Both projects are scheduled for completion in 2015.
“These investments in transportation infrastructure provide AECOM with
an opportunity to contribute to India’s economic advancement,” said John
M. Dionisio, AECOM president and chief executive officer. “These
projects also highlight AECOM’s diversified global footprint and our
ability to execute our growth strategy by expanding into new markets.”
AECOM (NYSE: ACM) is a global provider of professional technical and
management support services to a broad range of markets, including
transportation, facilities, environmental and energy. With more than
43,000 employees around the world, AECOM is a leader in all of the key
markets that it serves. AECOM provides a blend of global reach, local
knowledge, innovation, and technical excellence in delivering solutions
that enhance and sustain the world's built, natural and social
environments. AECOM serves clients in more than 100 countries and had
revenue of $5.6 billion during the 12-month period ended December 31,
2008. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws, including
any statements of plans for future operations or expected revenue. Actual
results could differ materially from those projected or assumed in any
of our forward-looking statements. Important factors that could
cause actual results to differ materially from our forward-looking
statements are set forth in our quarterly report on Form 10-Q for the
fiscal quarter ended Dec. 31, 2008, and our other reports filed with the
U.S. Securities and Exchange Commission. AECOM does not intend,
and undertakes no obligation, to update any forward-looking statement.
Source: AECOM Technology Corporation
AECOM Technology Corporation
Paul Gennaro, 212-973-3167
Chief Communications Officer