Jacobs Awarded Contract by Qatar Railways Company
August 06 2013 - 7:45AM
Business Wire
Jacobs Engineering Group, Inc. (NYSE:JEC) announced today that
it received a contract from Qatar Railways Company (QRC) to provide
Project Management Consultancy (PMC) services for the Red Line
(North and South) of the Doha Metro project.
Officials did not disclose the contract value, however noted
that the total construction value of the Doha Metro project is
estimated to be $36 billion.
The Red Line is within phase one of the Doha Metro Project and
represents a significant stage of Qatar’s Integrated Rail Project.
Phase one involves 58 miles of track to include the Red, Green and
Gold lines. The four lines of the Doha Metro (Red, Green, Blue and
Gold) are designed to connect major sites in Qatar linking the
north, south and west of the capital. The entire network is
anticipated to cover approximately 134 miles and include 100
stations.
Jacobs is managing the delivery of the underground works for the
Red Line, 16 miles running from Mesaieed in the South through the
Center of Doha to Al Khor in the North. The line also branches to
the New Doha International Airport to serve the city’s growing
population as well as visitors; such as those expected to travel to
Doha for the FIFA 2022 World Cup.
Working as an integrated project team with Qatar Rail’s project
staff, Jacobs is providing project management and engineering
services for the underground sections of the Red Line. The
construction of phase one is anticipated to be completed by
2019.
In making the announcement, Jacobs Group Vice President Bob Duff
stated, “This award provides us with the opportunity to further
develop our relationship with the Qatar Railway Company. We look
forward to bringing our global infrastructure capabilities and PMC
resources together to deliver this important project, and to
continuing our support of QRC in the long term delivery of their
Integrated Rail Project.”
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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