Jacobs Supports KPMG on Singapore to Kuala Lumpur High Speed Rail Project
May 05 2015 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced that it is
part of a consortium led by professional services firm KPMG that
has delivered a study for the Singapore Government comprising
possible financing and operating models for the proposed High Speed
Rail (HSR) project linking Singapore with Kuala Lumpur in
Malaysia.
As Technical Consultant, Jacobs has provided consulting services
regarding ridership and revenue forecasts.
The Kuala Lumpur–Singapore HSR would span approximately 350km
and require the construction of a new rail line. Once completed,
travel time by HSR between the two cities would be approximately 90
minutes.
Upon making the announcement, Jacobs Group Vice President Kevin
McMahon said, “Jacobs has contributed to HSR projects around the
world, including several in the UK, Hong Kong and Europe. This is a
landmark project for the region that aims to significantly reduce
travel times between these popular centers of business, and we are
delighted to be playing a role in making it happen.”
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 2014 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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