Tunnel Project to Double Commuter Rail Capacity between New York and New Jersey
LOS ANGELES--(BUSINESS WIRE)--Jun. 15, 2009--
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 in which it participates has been awarded a contract
modification worth US$111 million for New Jersey Transit’s
multi-billion-dollar Trans-Hudson Express Tunnel (THE Tunnel).
The joint venture, known as THE Partnership (THEP), consists of Parsons
Brinckerhoff, AECOM and STV, Inc., and will complete final design and
preparation of contract-bid packages for THE Tunnel. The 3.5-mile tunnel
will double commuter rail capacity between New York and New Jersey. The
Port Authority of New York and New Jersey is a partner with NJ Transit
for this project.
“AECOM is proud to play a key role in this important transportation
infrastructure project, which will noticeably improve the availability
of transportation between New York and New Jersey,” said John M.
Dionisio, AECOM president and chief executive officer. “Additionally,
this effort will create and sustain jobs as it progresses.”
The project includes the construction of two new tracks in New Jersey’s
Meadowlands, two new single-track tunnels under the Hudson River and an
expansion of Penn Station New York under 34th Street, including direct
connections to city subways at 8th, 7th and 6th avenues, as well as Port
Authority Trans Hudson (PATH) trains. Additional capacity and a
connection to New Jersey Transit’s Main, Bergen County, Pascack Valley
and Port Jervis lines will allow for transfer-free service to Penn
Station New York. The project also includes new train-storage facilities
in Kearny, N.J.
A variety of construction methods will be employed to advance the
project, including tunnel-boring machines, rock mining, sequential
excavation, and cut-and-cover.
About AECOM
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 43,000
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 $5.9 billion during the 12-month period
ended March 31, 2009. More information on AECOM and its services can be
found at www.aecom.com.
About Parsons Brinckerhoff
Parsons Brinckerhoff (PB) is a leader in developing and operating
infrastructure around the world, with 13,000 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
skills 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 (www.pbworld.com).
About STV
With more than 1,600 employees in 31 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 sixth 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-Q for the
fiscal quarter ended March 31, 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.
NR 09-0603
Source: AECOM Technology Corporation
AECOM Technology Corporation
Paul Gennaro, 212-973-3167
SVP &
Chief Communications Officer
paul.gennaro@aecom.com
