Supports modernization for America's busiest
passenger railroad, improving service and travel times for
millions
DALLAS, April 8,
2024 /PRNewswire/ -- Jacobs (NYSE:J), operating
under a joint venture with AECOM, was selected as Amtrak's Delivery
Partner for the Frederick Douglass Tunnel program, one of the
largest national transportation infrastructure investments. The
joint venture team will provide program and construction management
services from contract initiation through service
commissioning.
The Frederick Douglass Tunnel program, with an estimated
construction value at $6 billion,
according to Amtrak, includes two new high-capacity tunnel tubes
designed for electrified passenger trains. In addition, new
roadway, railroad bridges and upgraded rail systems, together with
improved accessibility thanks to a new ADA-accessible West
Baltimore MARC station, will transform a ten-mile section of the
Northeast Corridor and deliver significant improvements to local
infrastructure.
"These enhancements will improve reliability, speed and safety
through a critical link in the Northeast Corridor driving economic
growth and fostering community development," said Jacobs Senior
Vice President Chrissy Thom. "As
Amtrak's first Delivery Partner with an innovative program
management delivery model, the team can address challenges quickly
and transparently without disrupting service on one of Amtrak's
busiest routes."
Currently in the demolition phase, major construction activities
for this transformative program will begin later this year.
Ranked as No.1 in Program Management by
Engineering News-Record, Jacobs delivers today's most
complex, challenging and iconic infrastructure and transformation
programs. Jacobs has supported programs like the Port of San
Francisco Waterfront Resilience Program, Thames Tideway Tunnel, one
of the largest water infrastructure projects ever undertaken in the
U.K., and Etihad Rail, one of the
largest infrastructure efforts in the United Arab Emirates.
At Jacobs, we're challenging today to reinvent tomorrow by
solving the world's most critical problems for thriving cities,
resilient environments, mission-critical outcomes, operational
advancement, scientific discovery and cutting-edge manufacturing,
turning abstract ideas into realities that transform the world for
good. With approximately $16 billion
in annual revenue and a talent force of more than 60,000, Jacobs
provides a full spectrum of professional services including
consulting, technical, scientific and project delivery for the
government and private sector. Visit jacobs.com and
connect with Jacobs on Facebook, Instagram, LinkedIn and
X.
Certain statements contained in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are statements that do not directly relate to any
historical or current fact. When used herein, words such as
"expects," "anticipates," "believes," "seeks," "estimates,"
"plans," "intends," "future," "will," "would," "could," "can,"
"may," and similar words are intended to identify forward-looking
statements. We base these forward-looking statements on
management's current estimates and expectations, as well as
currently available competitive, financial and economic data.
Forward-looking statements, however, are inherently uncertain.
There are a variety of factors that could cause business results to
differ materially from our forward-looking statements including,
but not limited to, our plans to spin off and merge with Amentum
our Critical Missions Solutions business and a portion of our
Divergent Solutions business in a proposed transaction that is
intended to be tax-free to stockholders for U.S. federal
income tax purposes, the timing of the award of projects and
funding and potential changes to the amounts provided for under the
Infrastructure Investment and Jobs Act and other legislation
related to governmental spending, as well as general economic
conditions, including inflation and the actions taken by monetary
authorities in response to inflation, changes in interest rates and
foreign currency exchange rates, changes in capital markets, the
possibility of a recession or economic downturn, geopolitical
events and conflicts, and the impact of any future pandemic or
infectious disease outbreak, including the related reaction of
governments on global and regional market conditions, among others.
For a description of some additional factors that may occur that
could cause actual results to differ from our forward-looking
statements, see the discussions contained under Item 1 - Business;
Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 -
Management's Discussion and Analysis of Financial Condition and
Results of Operations in our most recently filed Annual Report on
Form 10-K, and Item 2 - Management's Discussion and Analysis of
Financial Condition and Results of Operations; Item 1 - Legal
Proceedings; and Item 1A - Risk Factors in our most recently filed
Quarterly Report on Form 10-Q, as well as the company's other
filings with the Securities and Exchange Commission. The company is
not under any duty to update any of the forward-looking statements
after the date of this press release to conform to actual results,
except as required by applicable law.
For press/media inquiries:
media@jacobs.com
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SOURCE Jacobs