|AECOM Designated for $20-Million NJDOT Contract for $200-Million Penns Neck Interchange Project|
Penns Neck interchange represents third recent N.J. transportation
win for AECOM; combined contract values total over $45 million
LOS ANGELES--(BUSINESS WIRE)--Feb. 8, 2008--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 designated by the New Jersey Department of Transportation (NJDOT) to provide preliminary design, final design, and construction engineering services for the Princeton, New Jersey, Penns Neck project. The estimated fees to AECOM for these services are approximately $20 million.
The $200-million project entails lowering Route 1, one of the major north-south arteries in New Jersey, in a cut section and building two single-point urban interchanges (SPUI), the first to be constructed by NJDOT. Preliminary design is expected to begin in October, and the entire project is expected to be completed around 2014.
"AECOM is proud to be selected for this important project," said John M. Dionisio, AECOM president and chief executive officer. "The NJDOT's commitment to maintaining and improving New Jersey's transportation network is commendable, as it reflects the importance of necessary investments in our infrastructure."
NJDOT has been a client of AECOM's transportation practice for more than 40 years. During this long-term client relationship, the company has been responsible for the successful completion of major infrastructure projects throughout New Jersey.
This announcement follows other recent New Jersey transportation contract wins for AECOM, including its selection for the New Jersey Turnpike and Atlantic City Expressway widening projects. Combined, these three projects have added more than $45 million in design backlog for AECOM's Northeast metro highway practice.
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 32,000 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 had revenue of $4.2 billion during fiscal year 2007. More information on AECOM and its services can be found at www.aecom.com.
CONTACT: AECOM Technology Corporation