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Jacobs Wins Contracts For North West Rail Link Project In Australia

Stocks in this article: JEC

Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was selected as Contract Delivery Manager for two contracts on the North West Rail Link (NWRL) project in Sydney, Australia.

Officials did not disclose the contract values, but noted that the New South Wales Government has allocated a budget of approximately $3.6 billion over the next four years for project development, property acquisition and early construction phases of the NWRL; one of Australia’s largest transportation infrastructure projects. Jacobs was selected for two of three major contracts on the project: the tunnel and station civil works contract (TSC) and the surface and viaduct civil works contract (SVC).

Under the terms of the contracts, Jacobs is providing project and contract management services as a member of the Transport for New South Wales (TfNSW) integrated project team. Jacobs’ scope of work includes contract delivery services for 14 miles (23 kilometers) of new rail line, including nine miles (15.5km) of twin tunnel and four miles (7.5 km) of surface and viaduct works, plus the civil works for eight new stations.

Jacobs Group Vice President Tom Quinn stated, “We are pleased to support the NWRL project by serving on the integrated delivery team; and to leverage our local and international infrastructure expertise to deliver this significant project for Sydney.”

TfNSW is a government agency that provides transport services within New South Wales, Australia, where several large rail projects are currently being implemented to meet the transport needs of Sydney's growth areas. The NWRL is the first rail line in Sydney to provide a fully automated rapid transit system.

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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