Supporting One of the Most Significant Infrastructure Projects Ever
Undertaken in the UK
PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE: JEC) announced today it was
reappointed as Project Representative for the $22 billion (£14.8
billion) Crossrail program by the UK's Department for Transport (DfT)
and Transport for London (TfL).
Company officials did not disclose the contract value, but noted that
the contract is renewed for a term of up to five years.
Under the terms of the contract, as Crossrail Project Representative,
Jacobs is providing assurance to the project sponsors (DfT and TfL) that
Crossrail Ltd and its delivery partners deliver the project on schedule,
within budget and to the agreed specification. This work involves a
review of the program fundamentals: scope, strategy, risk, schedule,
quality, cost and safety. It also considers the changing nature of
Crossrail as it transitions from civil engineering to systems
implementation and operations testing and commissioning.
Jacobs Group Vice President Bob Duff stated, "This award continues our
long association with the Crossrail program; it is a privilege to have
the opportunity to contribute our expertise on large and complex rail
and infrastructure projects to support Europe's biggest infrastructure
program. Our international work has given us a deep understanding of
best practice in rail engineering and construction.”
Shaped by significant expansion, Jacobs has a 30-year rail history in
the UK helping to support long-term growth through projects like HS2,
East Coast Mainline enhancements, the Western Rail Access to Heathrow,
the Channel Tunnel Rail Link (HS1), Blackfriars Station, the Thameslink
program (including KO2 and London Bridge station) and Waterloo
International Terminal.
Around the world, Jacobs is working on ground-breaking rail systems and
other transportation projects including the Doha Metro in Qatar, the
Hong Kong to Mainland China Express Rail Link and Australia’s North West
Rail Link in Sydney.
The Crossrail program is expected to run over 100km from Reading and
Heathrow in the west, through new tunnels under central London to the
east, with 40 stations including 10 new stations. The first Crossrail
services through central London are expected to start in late 2018. It
is expected to increase London’s rail capacity by 10 percent and improve
connectivity for an estimated 200 million annual passengers.
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.