Jacobs Joint Venture Receives Contract from Transport for London
April 23 2013 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that
its joint venture with the Eurovia Group received a contract from
Transport for London (TfL) to provide maintenance and improvement
services on its road network in seven boroughs in North East
London, United Kingdom.
Officials did not disclose the contract value, but noted that
the contract duration is for an eight year period beginning April
1, 2013.
Under the terms of the contract, the joint venture team is
delivering highway construction, maintenance and design services.
Jacobs’ primary role is as the lead professional planner and
designer.
In making the announcement, Jacobs Group Vice President Bob Duff
said, “We are very pleased to receive this contract for maintenance
activities on some of the most heavily trafficked road networks in
the UK. The award continues our long association with TfL, and we
look forward to supporting them on this significant project by
providing integrated, value-added planning and design
services.”
The Eurovia Group, which consists of Ringway the term services
division, is the provider with Jacobs on the TfL contract.
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 2012 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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