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|AECOM joint venture awarded US$18-million contract for New Jersey's Portal Bridge replacement project|
|LOS ANGELES, Jan 05, 2010 (BUSINESS WIRE) -- 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 a joint
venture which it leads has been awarded a US$18-million contract by the
New Jersey Transit Board of Directors for the Portal Bridge Capacity
Enhancement project. The authorization covers the construction
management consultant services for early action elements of a planned
7.5-year assignment, valued at approximately US$94 million overall.
The AECOM-STV joint venture will provide construction management services for the estimated US$1.7-billion project that will replace the two-track, 99-year-old Portal Bridge swing span over the Hackensack River on Amtrak's Northeast Corridor. Two new two-track and three-track fixed bridges will replace the existing structure, on the busiest section of passenger rail mainline in North America.
"This important infrastructure project allows more capacity and service reliability for the growing number of rail travelers between New Jersey and New York City," said John M. Dionisio, AECOM president and chief executive officer. "We are excited by the opportunity to support New Jersey Transit's efforts to enhance this vital transportation link."
Early construction is expected to begin during late spring 2010. The replacement bridges are slated for completion in 2017.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 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. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $6.1 billion during its fiscal year 2009. More information on AECOM and its services can be found at www.aecom.com.
With more than 1,700 employees in 34 offices, STV is a leader in providing engineering, architectural, planning, construction management and environmental services for transportation systems, infrastructure, buildings and other facilities. Engineering News-Record ranked STV 11th in its Top 50 Transportation Firms survey and fifth in its Top 20 Mass Transit and Rail Firms survey. STV is 100 percent employee-owned and maintains a Web site at www.stvinc.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 annual report on Form 10-K for the fiscal year ended September 30, 2009, 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