Jacobs Joint Venture Wins Contract for WestConnex New M5 Project in Australia

05/17/2016

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE:JEC) announced today its joint venture with Aurecon received a contract to carry out the engineering design for the multi-billion dollar WestConnex New M5 Project in Sydney, Australia.

WestConnex is a critical part of the New South Wales (NSW) Government’s integrated transport solution. The project aims to significantly reduce the congestion impacting hundreds of thousands of NSW road users every day.

The New M5 motorway is the largest section of the WestConnex project tendered to date and is being delivered by the CPB Contractors Dragados Samsung joint venture, with the Jacobs/Aurecon joint venture providing multi-disciplinary engineering design services.

The New M5 is expected to double the capacity of the heavily congested M5 East motorway corridor, providing new twin tunnels 9 kilometers long between Kingsgrove and St Peters.

Commenting on the announcement, Jacobs Senior Vice President Buildings and Infrastructure Patrick Hill said a core team of 75 staff from Jacobs had already been mobilized for the project. “We are very proud to be contributing to such a globally significant project, one that is set to have a positive impact on Sydney’s road network for many years to come.”

To assist with the coordination and integration of design with other parties, three dimensional design and building information management (BIM) systems are being used to design and document elements of the project.

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 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.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.

Robin Shermer, 817.735.6284

Statements that are not based on historical fact are forward-looking statements.   Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in 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 2009 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 caution readers that we do not undertake to update any forward-looking.