Jacobs/CH2M HILL Joint Venture Awarded Additional Contract from Sound Transit
October 30 2012 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that
its joint venture with CH2M HILL received a contract from
Sound Transit of Seattle, Wash. for the Northgate Link Extension
Project.
The seven-year construction management contract has a value of
$75.5 million.
The Jacobs/CH2M HILL team is currently working together on
Sound Transit’s University Link (U-Link) Project, a light rail
extension connecting downtown Seattle and the University of
Washington to the north. The Northgate Link Project is extending
the line 4.2 miles farther north from the University to the urban
village of Northgate, and includes two 3.6-mile twin bored tunnels,
two underground stations, and an arterial guideway with a light
rail station. This expansion greatly increases transit capacity to
the highest ridership corridor in the region.
In making the announcement, Jacobs Group Vice President Kevin
McMahon stated, “We are very pleased to be selected for this
important extension project, and to have the opportunity to
continue leveraging our resources to deliver high quality
construction management services for Sound Transit.”
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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