Jacobs Awarded Contract by New Jersey Department of Transportation
August 04 2015 - 7:45AM
Business Wire
Selected for Construction of Route 37 Mathis
Bridge
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
was awarded a contract from the New Jersey Department of
Transportation (NJDOT) to provide construction inspection services
for the rehabilitation of the existing 4,877 ft. EB (low-level)
Route 37 Mathis Bridge over Barnegat Bay, including the double-leaf
bascule section.
Officials estimate the construction value to be $79 million with
a contract value estimated at $7.7 million.
Under the terms of the contract, Jacobs is providing supervision
of construction for the replacement of the superstructure on all
approach spans with exothermic deck units and the structural,
electrical and mechanical rehabilitation of the bascule section.
Traffic is not expected to be impacted during the summer season and
will be diverted to a reconfigured traffic pattern on the Tunney
Bridge during off season construction activities.
In making the announcement, Jacobs Group Vice President Randy
Pierce stated, “Both the Mathis Bridge and the neighboring Tunney
Bridge are used to travel on and off the barrier island from Toms
River to Seaside Heights, N.J., one of the well-known summer
retreats and year-round shore communities. Therefore, we are glad
to partner with NJDOT to provide better and more reliable access to
this popular area of New Jersey, which plays a big part in the
overall vitalization of its economy.”
Construction is anticipated to continue for three seasons and is
expected to be substantially complete in May 2018. One lane
eastbound and two lanes westbound are to be maintained on the
Tunney Bridge during each construction season. The eastbound Mathis
Bridge will be completely closed to vehicle traffic during these
construction seasons.
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.
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Jacobs Engineering Group Inc.Robin Shermer, 817.735.6284
Jacobs Engineering (NYSE:JEC)
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