Jacobs Receives Contract From City and County of San Francisco Municipal Railway.Business Editors WALNUT CREEK, Calif.--(BUSINESS WIRE)--Nov. 20, 2001 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, in conjunction with Primus Industries, Inc., received a contract from the City and County of San Francisco, Calif. The team will provide quality assurance and construction management services for San Francisco's Municipal Railway (Muni) Third Street Light Rail Transit The name Light Rail Transit is used by the following specific light rail systems, either as an official name or otherwise:
Construction on this $220 million project begins in 2001 with completion scheduled for 2005. The team will provide a broad range of construction management services for 5.4 miles of new track, two 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 traverses, 18 stations, and the new Metro East Light Rail Maintenance and Operations Facility (a nearly 200,000-square-foot facility designed to maintain 100 light rail vehicles). The contract will extend Muni Metro light rail service south from its current terminal at Fourth and King Streets to the Bayshore CalTrain Station in Visitacion Valley. Tracks will be constructed primarily in the center of the street to improve safety and reliability. Eighteen stops will be provided. The project is primarily funded from the Proposition B half-cent sales tax sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. that San Francisco voters passed in 1989. The team is supported by several smaller and minority owned businesses in the San Francisco area. They are: Ghirardelli Engineering, The Allen Group, Summit Associates, Inspection Consultants, Geotopo, Washington Infrastructure, KJM KJM Kommission für Jugendmedienschutz (Germany) KJM Kommission für Jugendmedienschutz der Landesmedienanstalten (Germany) and Associates, and Subtronics Corporation. Jacobs Engineering Group Inc. is one of the world's largest providers of professional technical services. With more than 21,000 home office employees, the company offers full-spectrum support to industrial, commercial, and government clients in diverse markets. Services include scientific and specialty consulting as well as all aspects of design, construction, and operations & maintenance. 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 2000 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. . |
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