Jacobs Awarded Contract by Port of Long Beach in California
June 09 2015 - 7:45AM
Business Wire
Jacobs Engineering Group Inc. (NYSE:JEC) announced today it was
awarded a contract by the Port of Long Beach (POLB) to provide
program-level construction management services for Phase 2 of its
Middle Harbor Terminal Redevelopment Program, a modernization of
two aging shipping terminals in Long Beach, Calif.
Officials estimate the construction value to be $300
million.
The Middle Harbor Terminal Redevelopment Program is a $1.3
billion capital improvement program that intends to reconfigure,
upgrade and modernize Piers D, E and F over the next several years.
This program plans to transform two container terminals into a
single, highly automated facility with double the capacity. The
Port is in the process of completing Phase 1 of the program.
The program-level construction management services Jacobs is
providing for Phase 2 includes environmental oversight, compliance
monitoring, project labor agreement compliance and outreach,
quality assurance of individual construction management projects,
master scheduling, estimating and risk management.
In making the announcement, Jacobs Group Vice President Randy
Pierce stated, “The Port of Long Beach is a very important asset
for California, and this project is sure to consolidate its value
well into the coming decades. We are delighted to have this
opportunity to further our partnership with the Port of Long
Beach.”
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150609005443/en/
Jacobs Engineering Group Inc.Michelle Jones, 626-578-6968
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Jacobs Engineering (NYSE:JEC)
Historical Stock Chart
From Jul 2023 to Jul 2024