AECOM awarded contract for preliminary engineering work on Minneapolis’ Southwest Light Rail Transit line
AECOM Technology Corporation (NYSE: ACM), a leading provider of
professional technical and management support services for public and
private clients in more than 130 countries around the world, announced
today that it was awarded a US$16.8-million contract by the Metropolitan
Council of the Twin Cities to perform preliminary engineering work on
the Southwest Light Rail Transit line in Minneapolis.
AECOM will provide preliminary engineering services for the western half
of a 15.8-mile corridor that includes 17 new stations that will operate
from downtown Minneapolis through several southwestern suburban cities.
This project is an extension of the Green Line between downtown St. Paul
and downtown Minneapolis, which was also designed by AECOM and is
scheduled to begin operation during 2014.
“AECOM is looking forward to being a part of the next step in building
an extension of the transit system for the Twin Cities region,” said
AECOM Chairman and Chief Executive Officer John M. Dionisio. “We are
delighted to play a key role in completing the Southwest Light Rail line
as the project will offer a substantial return on investment for transit
in the region and provide economic, environmental and social benefits to
residents.”
Construction is set to begin in 2015, with the line scheduled to begin
operating during 2018.
About AECOM
AECOM is a global provider of professional technical and management
support services to a broad range of markets, including transportation,
facilities, environmental, energy, water and government. With
approximately 45,000 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 create, enhance and sustain the world's built,
natural, and social environments. A Fortune 500 company, AECOM
serves clients in more than 130 countries and had revenue of $8.2
billion during the 12 months ended Sept. 30, 2012. 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 projections of earnings, free cash flow, profit margins and
statements of plans for future operations and growth, including with
respect to our share repurchase program. AECOM believes that
non-GAAP financial measures such as EBITDA and free cash flow also
provide a meaningful perspective on its business results as the company
utilizes this information to evaluate and manage the business. 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-K for the
fiscal year ended Sept. 30, 2012, 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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