I-595 improvements to ease congestion will include reversible express lanes, variable tolling and Bus Rapid Transit
LOS ANGELES--(BUSINESS WIRE)--Apr. 2, 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
been awarded a $70-million, five-year contract by Dragados USA for
design and construction services to upgrade Florida’s I-595 highway.
The $1.25-billion I-595 project is being financed through a
public-private partnership (P3) between the Florida Department of
Transportation and I-595 Express, a consortium led by ACS Infrastructure
Development. Dragados USA, the design-build contractor, will lead the
construction effort with AECOM
as its design partner.
As the prime consultant on the project, AECOM will provide roadway
design, structures, drainage design, utility design, lighting, signals,
intelligent-transportation systems for civil works, landscaping,
environmental permitting, surveys and geotechnical services.
Construction is expected to begin during spring 2009.
“AECOM is proud to support this important and innovative infrastructure
project, which will improve transportation safety and convenience for
Florida residents and visitors,” said AECOM President and Chief
Executive Officer John M. Dionisio.
P3 ventures are based on a long-term agreement between a government
entity and one or more private-sector companies, with the private sector
assuming responsibility to design, build, finance and operate the
project during the life of the agreement.
“This project provides an excellent example of how the P3 funding model
can contribute to important infrastructure projects,” said Dionisio. “We
expect to see an increase in P3 projects to quickly fund and deliver
necessary infrastructure investments.”
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 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 the 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 December 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