PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was
awarded a contract to provide design services for the Construction
Package 2-3 (CP 2-3) of the California High Speed Rail, which represents
the continuation of construction on the California high-speed rail
system south towards Kern County. Jacobs is the lead designer for the
Dragados-Flatiron Joint Venture for the design-build contract and is
responsible for the infrastructure design.
Officials estimate the construction value to be $1.2 billion.
The California High Speed Rail is the first true high-speed rail being
constructed in the United States, with operating speeds of up to 220
miles per hour. The ultimate program stretches from San Diego to San
Francisco and includes connections in major cities along the alignment
such as Los Angeles, Burbank, Palmdale, Bakersfield, Fresno and a spur
to Sacramento.
The CP 2-3 is expected to provide 65 miles of infrastructure
improvements required for the future high-speed rail (HSR), including
over 10 million yards of new HSR embankment, 23 HSR structures and 32
new roadway grade separations. The project covers a 65-mile portion of
the 120-mile initial construction segment, which will be used as a test
track for vehicles before being put into service.
In making the announcement, Jacobs Group Vice President Randy Pierce
stated, “This project is one of the largest in the state’s history and,
once completed, should provide the traveling public with a fast, clean
alternative stretching from Southern to Northern California.”
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150721005492/en/
Source: Jacobs Engineering Group Inc.