Jacobs on Joint Venture Team Selected for Florida DOT’s I-4 Ultimate Project
September 05 2014 - 11:19AM
Business Wire
Largest Public Private Partnership Project in
US to Date
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that
its joint venture with HDR is part of the I-4 Mobility Partners
team selected by the Florida Department of Transportation (FDOT) to
deliver the I-4 Ultimate Project in Orange and Seminole Counties,
Fla.
I-4 Mobility Partners is comprised of Skanska Infrastructure
Development and John Laing (Concessionaire), Skanska, Granite, Lane
Construction Joint Venture, and HDR and Jacobs as the Design Joint
venture.
Under the terms of the contract, the HDR/Jacobs joint venture is
delivering final design of the project, including roadway/traffic
control, drainage, structures, intelligent traffic systems, signing
and signalization, lighting, landscaping and aesthetics.
The $2.32 billion I-4 Ultimate project includes the
reconstruction of 21 miles of I-4; reconstructing 15 major
interchanges, constructing more than 140 bridges, adding four
variable priced toll express lanes in the median, and completely
rebuilding the general use lanes along the entire corridor. The
project is being procured by FDOT as a public-private partnership
(PPP).
In making the announcement, Jacobs Group Vice President Randy
Pierce stated, “We are delighted to be on the team selected to
deliver this historically significant project for FDOT. It is a
tremendous opportunity for us to bring our world-class global
engineering and infrastructure experience together with our deep
understanding of the local market in Florida. We look forward to
working with HDR and the other members of I-4 Mobility Partners to
help FDOT reach its goals for this project.”
The PPP’s concession agreement sets the concessionaire’s
responsibility to design, build, finance, operate and maintain the
facility for 40 years. Under this procurement method; large,
complex projects can be combined and accelerated using the
public-private partnership approach, advancing the benefits of the
project to the public sooner than traditional methods.
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 2013 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.
Note to editors:
High-resolution images are available for download at
www.I4Ultimate.com
For I-4 Ultimate media inquiries, contact Steve Olson, (386)
943-5479 or steve.olson@dot.state.fl.us
Jacobs Engineering Group Inc.Michelle Jones, 626.578.6968
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