PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it was
awarded a contract from the New Jersey Turnpike Authority (Authority) to
provide resident engineering and construction inspection services for
roadwide guide sign improvements on the New Jersey Turnpike.
Officials estimate the construction value to be $26 million.
Construction began July 2015 with substantial completion anticipated for
the fall of 2017.
This project is being implemented as part the Authority's 10-year
capital investment program. The primary purpose is to replace and/or
upgrade the roadway signs and sign legends to be consistent with the
Manual for Uniform Traffic Control Devices (MUTCD).
Under the terms of the contract, Jacobs is providing supervision of
construction for Construction Contract No. T600.319, roadwide guide sign
improvements on the New Jersey Turnpike including replacement of
existing guide sign panels; fabrication and installation of new sign
structures; removal of existing sign structures; relocation of existing
cantilever sign structures at new locations; constructing foundations
for new and relocated structures; sign lighting work; installation of
roadway safety features; and associated maintenance and protection of
traffic (MPT) work. This project also includes fabrication and
installation of a new VMS structure on the Turnpike; reconnecting signs
and ITS devises to the existing system; and testing and final
commissioning.
In making the announcement, Jacobs Group Vice President Randy Pierce stated,
“We are delighted to continue in our role assisting the Authority in
achieving its capital investment goals along the NJ Turnpike. The
toll-paying, traveling patrons who utilize the Turnpike will closely
monitor this highly visible project. Through our long-standing
relationship with the Authority and proactive responsiveness to the
traveling patrons, we will work closely with the Authority to deliver a
quality 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 2014 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.