LOS ANGELES--(BUSINESS WIRE)--Dec. 13, 2011-- 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 between AECOM, its Tishman Construction arm, and STV, was awarded a US$19-million contract by the Moynihan Station Development Corporation in partnership with the Port Authority of New York and New Jersey (PANYNJ).
Under the contract, the joint venture will provide construction management services and rail expertise for the first phase of Moynihan Station construction in Manhattan. The contract scope includes design reviews, complex construction staging, coordination between three operating railroads, construction supervision of platform ventilation work, pedestrian concourse improvements and facility planning. AECOM’s aggregate fee, including its Tishman Construction operation, is approximately US$11 million.
“AECOM is excited to partner with Moynihan Station Development Corporation and the Port Authority,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “We look forward to leveraging our deep experience in managing large, complex station and rail projects, along with our construction management expertise, to drive the completion of a transit station that will alleviate congestion in one of the country’s busiest transportation hubs.”
The project’s first phase includes the expansion and enhancement of the 33rd Street Connector between Pennsylvania (Penn) Station and the West End Concourse, which lies under the grand staircase of the Farley Post Office building on Eighth Avenue; the extension and widening of the West End Concourse to serve nine of Penn Station's 11 platforms; new vertical access points and passenger circulation space; and entrances into the West End Concourse through the 31st and 33rd Street corners of the Farley building.
Phase 1 is slated for completion during 2016.
AECOM 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 create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in approximately 125 countries and had revenue of $8.0 billion during its fiscal year 2011. More information on AECOM and its services can be found at http://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 projections of earnings, 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 Sept. 30, 2011, 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.
Paul Dickard, 646-432-8473
VP, External Communications