PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it was awarded a
contract by the Port of Long Beach (POLB) to provide program-level
construction management services for Phase 2 of its Middle Harbor
Terminal Redevelopment Program, a modernization of two aging shipping
terminals in Long Beach, Calif.
Officials estimate the construction value to be $300 million.
The Middle Harbor Terminal Redevelopment Program is a $1.3 billion
capital improvement program that intends to reconfigure, upgrade and
modernize Piers D, E and F over the next several years. This program
plans to transform two container terminals into a single, highly
automated facility with double the capacity. The Port is in the process
of completing Phase 1 of the program.
The program-level construction management services Jacobs is providing
for Phase 2 includes environmental oversight, compliance monitoring,
project labor agreement compliance and outreach, quality assurance of
individual construction management projects, master scheduling,
estimating and risk management.
In making the announcement, Jacobs Group Vice President Randy Pierce
stated, “The Port of Long Beach is a very important asset for
California, and this project is sure to consolidate its value well into
the coming decades. We are delighted to have this opportunity to further
our partnership with the Port of Long Beach.”
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 2013 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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Source: Jacobs Engineering Group Inc.