Jacobs Receives Contract from New Jersey Turnpike Authority
September 23 2014 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has been awarded a contract from the New Jersey Turnpike Authority
(NJTA) to supervise construction services on the Garden State
Parkway Interchange 36 to 48.
Company officials estimate the construction value covered by the
contract to be $176 million. Construction is beginning immediately,
with project completion targeted for February 2018. Jacobs’ award,
which involves supervision of three contracts covering three
continuous sections of the roadway, represents one of the largest
construction services contracts awarded by the Authority to
date.
Under the terms of the contract, Jacobs is providing supervision
of construction for a variety of services to widen the Garden State
Parkway mainline, adding a third travel lane in each direction
along a 13 mile stretch of the parkway. The extensive and diverse
scope of work includes the construction of five new bridges, the
widening and/or rehabilitation of eleven existing bridges, and the
removal several existing bridges and decks; plus the construction,
extension or widening of a number of culverts and headwalls. The
project also includes drainage improvements, storm water management
recharge swales, striping, more than 30 new sign structures,
delineators, lighting, maintenance and protection of traffic, and
other miscellaneous work.
In making the announcement, Jacobs Group Vice President Randy
Pierce stated, “We are proud to continue our relationship with NJTA
and are committed to helping them achieve their capital investment
goals. Our highly skilled and experienced team is delighted to be
working on this significant Garden State Parkway project that aims
to deliver a more efficient and reliable roadway in this vital part
of the region’s transportation network.”
Jacobs is one of the world's largest and most diverse providers
of technical professional and construction services. In the past
five years, Jacobs has delivered more than 350 highway projects
worldwide.
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.
Jacobs Engineering Group Inc.Michelle Jones, 626-578-6968
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