PASADENA, Calif., Jan. 18, 2011 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE: JEC) announced today that it was selected to
provide engineering services for the Trunk Highway (TH)
169/Interstate 494 Interchange under a design-build contract from
the Minnesota Department of Transportation.
Officials estimate the contract value at $125.3 million.
Jacobs is the design lead for the design-build team, which is
led by the joint venture of C.S. McCrossan Construction, Inc. and
Edward Kraemer & Sons, Inc. The
project is expected to improve capacity, congestion and traffic
operation at the vital Hennepin
County intersection.
In making the announcement, Jacobs Group Vice President
Kevin McMahon stated, "We are
excited about working with our construction partners and the
Minnesota Department of Transportation to help them improve traffic
flow for residents, businesses and the travelling public."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Although
such statements are based on management's current estimates and
expectations, and currently available competitive, financial, and
economic data, forward-looking statements are inherently
uncertain. We, therefore, caution the reader that there are a
variety of factors that could cause business conditions and results
to differ materially from what is contained in our forward-looking
statements. For a description of some of the factors which
may occur that could cause actual results to differ from our
forward-looking statements please refer to our 2010 Form 10-K, and
in particular the discussions contained under Items 1 - Business,
1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's
Discussion and Analysis of Financial Condition and Results of
Operations. We also caution the readers of this release that
we do not undertake to update any forward-looking statements made
herein.
For additional information
contact:
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Michelle Jones
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626.578.6968
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(Logo:
http://photos.prnewswire.com/prnh/20090109/JACOBSEGLOGO)
SOURCE Jacobs Engineering Group Inc.