AECOM Joint Venture Wins US$111-Million Contract Modification to Undertake Final Design of Trans-Hudson Express Tunnel.
LOS ANGELES -- AECOM Technology Corporation (NYSE:ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that a joint venture in which it participates has been awarded a contract modification worth US$111 million for New Jersey Transit's multi-billion-dollar Trans-Hudson Express Tunnel (THE Tunnel).
The joint venture, known as THE Partnership (THEP), consists of Parsons Brinckerhoff, AECOM and STV, Inc., and will complete final design and preparation of contract-bid packages for THE Tunnel. The 3.5-mile tunnel will double commuter rail capacity between New York and New Jersey. The Port Authority of New York and New Jersey is a partner with NJ Transit for this project.
"AECOM is proud to play a key role in this important transportation infrastructure project, which will noticeably improve the availability of transportation between New York and New Jersey," said John M. Dionisio, AECOM president and chief executive officer. "Additionally, this effort will create and sustain jobs as it progresses."
The project includes the construction of two new tracks in New Jersey's Meadowlands, two new single-track tunnels under the Hudson River and an expansion of Penn Station New York under 34th Street, including direct connections to city subways at 8th, 7th and 6th avenues, as well as Port Authority Trans Hudson (PATH) trains. Additional capacity and a connection to New Jersey Transit's Main, Bergen County, Pascack Valley and Port Jervis lines will allow for transfer-free service to Penn Station New York. The project also includes new train-storage facilities in Kearny, N.J.
A variety of construction methods will be employed to advance the project, including tunnel-boring machines, rock mining, sequential excavation, and cut-and-cover.
AECOM (NYSE:ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With 43,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $5.9 billion during the 12-month period ended March 31, 2009. More information on AECOM and its services can be found at www.aecom.com.
About Parsons Brinckerhoff
Parsons Brinckerhoff (PB) is a leader in developing and operating infrastructure around the world, with 13,000 employees dedicated to meeting the needs of clients and communities in the Americas, Europe, Africa, the Middle East, Asia and Australia-Pacific regions. PB offers skills and resources in strategic consulting, planning, engineering, program/construction management, and operations for all modes of infrastructure, including transportation, power, community development, water and the environment (www.pbworld.com).
With more than 1,600 employees in 31 offices, STV is a leader in providing engineering, architectural, planning, construction management and environmental services for transportation systems, infrastructure, buildings and other facilities. Engineering News-Record ranked STV 11th in its Top 50 Transportation Firms survey and sixth in its Top 20 Mass Transit and Rail Firms survey. STV is 100 percent employee-owned and maintains a Web site at www.stvinc.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including any statements of plans for future operations or expected revenue. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-Q for the fiscal quarter ended March 31, 2009, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.