Jacobs Receives Construction Management Contract from Lee County.Business Editors TAMPA, Fla.--(BUSINESS WIRE)--Nov. 11, 2003 Jacobs Engineering Group Jacobs Engineering Group Inc. (NYSE: JEC), a publicly traded company with annual revenues approaching $7 billion, provides professional technical services. Headquartered in Pasadena, CA, Jacobs offers support to industrial, commercial, and government clients across multiple Inc. (NYSE NYSE See: New York Stock Exchange :JEC) announced today that a subsidiary company won a contract from Lee County, Fla., to provide construction management services to replace and rehabilitate the Sanibel Causeway The Sanibel Causeway (also locally known as the Sanibel Bridge) is a causeway in Southwest Florida that spans the San Carlos Bay, connecting Sanibel Island with the Florida mainland in South Fort Myers. The entire causeway is roughly three miles long from end to end. bridges. The project also involves reconstructing the roadway portion of the causeway islands Causeway Islands are four small islands by the Pacific entrance to the Panama Canal, they were linked to the mainland via a causeway, made from rock extracted during the excavations from the Panama Canal. In part the causeway was meant to serve as a breakwater for the entrance. and replacing the toll facilities at both the Sanibel and Cape Coral bridges. Because of deteriorating bridge conditions, an accelerated schedule for the $60 million project began in October 2003, with planned completion in early 2006. The 3-mile Sanibel Causeway, which crosses San Carlos Bay, opened to traffic in 1963. The facility consists of one bascule bridge a counterpoise or balanced drawbridge, which is opened by sinking the counterpoise and thus lifting the footway into the air. See also: Bascule and two low-level bridges as well as two causeway islands. All three bridges have experienced serious structural deterioration that requires emergency repairs. As construction manager, Jacobs will manage the construction and commissioning phases of the project while keeping the existing bridges fully functional. With a population of 475,000, Lee County covers the cities of Fort Myers, Cape Coral, Sanibel, Fort Myers Beach, and Bonita Bonita (Spanish and Portuguese for "beautiful") is the name of:
In making the announcement, Jacobs Group Vice President Michael Higgins stated, "We are excited to be part of this very important project. The opportunity to provide state-of-the-art management services to Lee County will further strengthen our commitment to help Florida meet its critical infrastructure needs." Jacobs, with over 35,000 employees and revenues approaching $5.0 billion, provides technical, professional, and construction services globally. Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgement as to what may occur in the future. However, Jacobs' actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Forward-Looking Statements" included in Management's Discussion and Analysis Management's discussion and analysis (MD&A) A report from management to shareholders that accompanies the firm's financial statements in the annual report. It explains the period's financial results and enables management to discuss topics that may not be apparent in the financial filed as part of Exhibit 13 to the Company's 2002 Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. . |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion