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TheStreet Open House

AECOM Awarded US$15.6-million First Year Of Renewable Contract For Ghana’s Western Corridor Gas Infrastructure Development Project

Stocks in this article: ACM

AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private clients in more than 140 countries around the world, announced today that it has been awarded a US$15.6-million first-year contract for the Western Corridor Gas Infrastructure Development Project (WCGIDP) by the Ghana National Gas Company. The contract is renewable annually.

The Ghana National Gas Company is currently executing the project on a fast-track basis. The project primarily consists of a 27-mile shallow-water section of the offshore pipeline from Ghana’s Jubilee Field to Atuabo; a gas-processing plant at Atuabo; a 68-mile onshore pipeline from Atuabo to Aboadze; a 46-mile onshore lateral pipeline from Essiama to Prestea; a natural gas liquids export system in Domunli; and other infrastructure such as storage facilities and an office complex.

AECOM will provide full program management services, including consultancy and construction supervision as well as technical training and professional capacity building, during the entire development of the project.

The WCGIDP is designed to generate employment, new infrastructure and economic growth for Ghana while providing electricity to the public at a much lower cost and enhancing the competitiveness of the country’s industries. The project also supports the nation’s goal to become a petroleum-processing hub and a preferred exporter of power in western Africa.

The gas provided by the project to Ghanaians is expected to meet their consumption needs and eliminate the periodic shortages that occur. Furthermore, the gas provided will replace wood fuels and will help reduce deforestation.

“This is a great project that will directly benefit the local economy and communities in Ghana, and we are excited to play a key role in driving progress in the region,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “This project also reflects the ongoing success of AECOM’s diversified growth strategy as we expand further in the oil and gas sector as well as emerging geographies.”

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