AECOM Joint Venture Wins US$82-Million Design Contract for Hong Kong High-Speed Rail Terminus.
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 of which it is a part has been awarded a design-services contract worth US$82 million for the Mass Transit Railway Corporation Limited's Hong Kong High-Speed Rail Terminus project, which will connect to the high-speed rail network in Mainland China.
The multi-level terminus, which will be the largest underground facility of its kind, will have a footprint of more than 25 acres with a topside commercial development north of the proposed West Kowloon Cultural District - between the existing Airport Railway Kowloon Station and the West Rail Austin Station.
"AECOM is proud to play a key role in the design of this important high-speed rail infrastructure project," said John M. Dionisio, AECOM president and chief executive officer. "The terminus will provide the strategic linkage from Hong Kong to the comprehensive high-speed rail network in Mainland China."
Being the southernmost terminus of China's high-speed railway network, the facility will be developed as a gateway to Mainland China, with distinctive architectural and landmark features, a user-friendly layout, and convenient interchange facilities with the urban metro network in Hong Kong.
The total project cost is estimated at US$2 billion. AECOM's revenue from this project is expected to be approximately US$38 million. Completion is scheduled for 2015.
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 more than 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.
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.
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|Date:||Jun 17, 2009|
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