|AECOM Joint venture awarded a $164-million contract to manage the widening of New Jersey Turnpike|
The Program, which has a total value of $2.5 billion, is designed to improve safety and reduce congestion by adding 170 lane miles to the New Jersey Turnpike. Work will occur along approximately 34 miles of the highway between Interchanges 6 and 9 in central New Jersey. The roadway will be widened from six to 12 lanes between Interchanges 6 and 8A and from 11 to 12 lanes between Interchanges 8A and 9. There will be significant modifications constructed at five interchanges, 6, 7, 7A, 8 and 8A.
The Joint Venture will provide construction management services for the entire program and will provide construction supervision for 18 of the 26 planned construction contracts. A comprehensive staff of field project managers, resident engineers, field engineers, office engineers and construction inspectors will provide project controls, cost estimating, risk management, scheduling and inspection services for this important Program.
The Program includes complex, multi-level interchange construction, numerous local bridge overcrossing replacements, extensive earthwork and paving operations, and major improvements to existing drainage, utilities, electrical, lighting, fiber, overhead signage, and sound barrier systems.
The Program, which is expected to be completed in 2014, is a centerpiece of New Jersey's economic stimulus plan and will be primarily funded through bonds issued by the New Jersey Turnpike Authority as a result of its recently implemented toll increase.
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 http://www.aecom.com.
About Greenman-Pedersen, Inc.
Greenman-Pedersen, Inc. (GPI) is an award-winning leader within the Transportation Design and Construction Management Industry. Ranked as one of the top construction management and inspection firms in the U.S. Northeast, GPI consistently receives high marks in providing both quality and personal service on all of its projects. As an employee-owned firm, each member of our staff understands their direct impact to the firm's shared success and as such takes pride in their work (http://www.gpinet.com)
About Parsons Brinckerhoff
Parsons Brinckerhoff is a leader in developing and operating infrastructure around the world, with 15,000 employees dedicated to meeting the needs of clients and communities in the Americas, Europe, Africa, the Middle East, Asia and Australia-Pacific regions. PB offers engineering personnel and resources in strategic consulting, planning, engineering, program/construction management, and operations for all modes of infrastructure, including transportation, power, community development, water and the environment. (http://www.pbworld.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.