Jacobs is one of the world's largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 50,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com.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 2015 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.
Jacobs Engineering Group Inc. (NYSE:JEC) announced today its program management services contract was renewed for a fifth year in support of the City of Chattanooga's Waste Resource Division Wet Weather EPA Consent Decree Program for improvements to its wastewater system. Under the terms of the contract, Jacobs is providing professional, technical and administrative services, as well as other skilled personnel to perform activities associated with improvements to the City of Chattanooga's wastewater treatment and collection system facilities. This includes all aspects of the EPA Consent Decree Program including management of scope, schedule and budget for a $300 million capital improvements program to largely rehabilitate aging sewers and increase capacity at the wastewater treatment plant, with an overall goal of reducing sanitary sewer overflows in the collection system. To date, the program has completed more than 65 projects and tasks resulting in $86 million in infrastructure construction, 80,000 feet of rehabilitated sewer pipeline and more than one million feet of surveyed and assessed sewer pipelines. In making the announcement, Jacobs Senior Vice President Buildings and Infrastructure Randy Pierce stated, "We're very pleased by the opportunity to continue our relationship with the City of Chattanooga and keep the Consent Decree Program moving forward. This renewal is a testimony to our long-term commitment to providing quality, service and value to Chattanooga and is indicative of a foundation project -- a stable, long-term contract that helps clients streamline their operations and processes to deliver cost-effective capital projects." Jacobs has been providing engineering and construction professional services for Chattanooga signature projects since 2003, including the development of a comprehensive computer hydraulic model for the wastewater collection system, technical and compliance consulting for the negotiation of the EPA Consent Decree, the Tiftonia and Amnicola Sewer Interceptor Rehabilitation and the East Brainerd Pump Station and Collection Upgrade projects.