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.
Following a string of recent contract wins, Jacobs Engineering Group Inc. has reinforced its status as one of the world's leading transport infrastructure service providers. The success follows the Australian Government's recent commitment to infrastructure investment, which aims to create more livable and productive communities through well-planned, safer and more efficient transport networks. As part of the Smart Cities Plan to build a more prosperous and innovative nation, the government is investing more than $3.4 billion in urban rail projects across the country. "Australia's infrastructure market is particularly buoyant right now," said Jacobs Senior Vice President Buildings and Infrastructure Patrick Hill. "This is driven by increases in population, congestion, and demand for livable cities. Our recent appointment on a number of major projects confirms our expertise in addressing these and related transport infrastructure challenges." The company's recent successes include contracts with the Hurstbridge Rail Line Upgrade (as part of the North East Program Alliance) and the Pakenham Rail Depot projects in Victoria, along with the Bruce Highway Upgrade in Queensland. The company is currently delivering services for other major projects including Westconnex, Darlington Upgrade Project, Forrestfield Airport Link and Sydney CBD Light Rail. "Whether it's through an alliance, joint venture or direct contract arrangement, we're seeing more opportunities to leverage and showcase our extensive knowledge and experience in the transport sector," said Hill. "Much of our success derives from our reputation for providing thoughtful and innovative solutions to help meet demanding implementation schedules, manage risk, control costs, and simplify operations." 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.