|AECOM Selected as Primary Consultant and Program Manager by Libya Housing and Infrastructure Board|
AECOM signs contract for initiation phase and initial program management services
LOS ANGELES, Aug 15, 2007 (Canada NewsWire via COMTEX News Network) -- 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 selected as the primary consultant and program manager by the Great Socialist People's Libyan Arab Jamahiriya Housing and Infrastructure Board (HIB).
This announcement, reflecting initial program management responsibilities, establishes AECOM as the main advisor for the Libyan HIB for major cities throughout the country. Following the initial phase, AECOM will work in conjunction with the HIB to implement a comprehensive housing and infrastructure development program for Libya that will create an enhanced environment for its citizens and visitors.
The HIB has indicated that the budget for these housing and infrastructure enhancement efforts is in excess of $40 billion (U.S.), and will include the construction of new housing and infrastructure systems for all major cities in Libya; urban design and development; housing units and residential settlements; upgrades to existing infrastructure and utility systems; and environmentally focused sustainable processes.
"This agreement with AECOM reflects the significant commitment that Libya has made to improve our national housing and infrastructure," said Abuzaid Dordah, chairman, Libyan HIB. "We have a unique opportunity to enhance the quality of life for our people and the economic potential for our country through this major housing and infrastructure development initiative."
"We are delighted to partner with AECOM, and its global network of expertise and resources, as we move forward in this exciting and historic period for our nation," Dordah added.
According to Dordah, AECOM's duties will include reviewing designs, plans, and studies submitted to HIB; assessment and review of current and ongoing design and construction projects; preparation of master plans, detailed plans and studies for water systems, sewage systems, roads, bridges, transit systems, and traffic systems for a number of large cities; and the establishment of management and control systems for all related projects.
"AECOM is honored to be selected by the Libyan Housing and Infrastructure Board for this very important program," said John M. Dionisio, AECOM president and chief executive officer. "At AECOM, we focus on enhancing and sustaining the world's built, natural and social environments. This partnership will enable us to deliver on this commitment, while improving the quality of life for the Libyan people."
AECOM will also provide a comprehensive training and knowledge-sharing program for local planners, engineers, and technical staff.
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 31,000 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 60 countries and has achieved annual revenue of more than $4 billion for the past 12 months. More information on AECOM and its services can be found at www.aecom.com.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation