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 it was awarded a design contract for the final leg of Anthony Henday Drive in Edmonton, Alberta, Canada.
The Alberta government signed a 34-year public-private partnership (P3) contract with the Capital City Link General Partnership to design, build, operate and partially finance the highway project. The P3 contract is worth US$1.8 billion.
AECOM is the lead designer for the Flatiron-Dragados-Aecon-Lafarge design-build joint venture company. The project includes 17 miles of six- and eight-lane divided roadways, nine interchanges, two road flyovers, eight rail crossings, and 46 bridge structures, including two bridges across the North Saskatchewan River.
“This is a great opportunity to partner with the province, delivering new, high-quality transportation infrastructure in an accelerated manner under a single P3 contract,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “Together we will develop a project that will provide for a safe transportation network bringing both mobility and further economic growth to the region."The ring road, once completed, is designed to reduce commute times and traffic congestion in the area. 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 $8.3 billion during the 12 months ended June 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, 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 quarterly report on Form 10-Q for the fiscal quarter ended June 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. NR 12-0901
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts