PASADENA, Calif., June 12, 2012 /PRNewswire/ -- Jacobs Engineering
Group Inc. (NYSE:JEC) announced today that it received a contract
from the Port of Houston Authority to perform professional
engineering services for the rehabilitation of Wharves 1 and 2 at
the Barbours Cut Terminal in Morgans Point, Texas. The primary
purpose of the project is to allow the wharves to accommodate
larger ship-to-shore cranes.
Officials estimate the construction value to be in excess of
$50 million, with a design contract
value of $4.9 million. Construction
of this project is expected to be complete by fall 2014.
Jacobs' scope includes developing construction documents for the
upgrade of approximately 2670 feet of the wharves. In addition to
structural improvements to the wharves, other elements include new
fenders, crane infrastructure and appurtenances, paving, two
stevedore support buildings, lighting, and related work.
In making the announcement, Jacobs Group Vice President
Kevin McMahon stated, "We are very
pleased to have the opportunity to continue our working
relationship with The Port of Houston Authority. We look forward to
assisting them in creating additional capacity at Barbours Cut. The
recent announcement of the new all-water service from Shanghai to Barbours Cut – with Houston being the only US port of call - shows
how important The Port of Houston
is to both the city and the nation, and just how important it is to
upgrade the terminal."
Jacobs is one of the world's largest and most diverse providers
of technical, professional, and construction services.
Statements made in this release that are not based on historical
fact are 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. 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 2011 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 do not undertake to update any forward-looking
statements made herein.
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For additional information contact:
Michelle Jones
626.578.6968
SOURCE Jacobs Engineering Group Inc.