Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it is the lead design sub-consultant for the Walsh Construction Company VINCI Construction Grands Projets joint venture. The Walsh VINCI Construction joint venture is the design-build team for WVB East End Partners, who have been selected by the Indiana Finance Authority (IFA) to deliver the East End Crossing Project.
Officials did not disclose the contract value; however noted that under the terms of the sub-consulting agreement, Jacobs is responsible for the design of a signature cable-stayed bridge, a major tunnel and highway interchanges. The work is part of the Ohio River Bridges Project, East End Crossing, one of the largest transportation improvements in the nation.
The IFA is responsible for the procurement of the East End Crossing, and has recently signed a public-private partnership agreement with WVB East End Partners. WVB East End Partners is a consortium that includes Walsh Investors LLC, VINCI Concessions Investment USA., and Bilfinger Project Investments.
The Kentucky Transportation Cabinet is responsible for the Downtown Crossing, another Ohio River Bridge project which Jacobs is also designing under a separate subcontract with Walsh Construction Co.In making the announcement, Jacobs Group Vice President Kevin McMahon stated, “We are committed to helping the Walsh/VINCI joint venture team deliver superior quality and value on the East End Crossing Project. We are delighted to be a part of this important project that enhances the lives of the people of Indiana and Kentucky.” Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services. Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2012 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.
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