PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced that it is part of a
consortium led by professional services firm KPMG that has delivered a
study for the Singapore Government comprising possible financing and
operating models for the proposed High Speed Rail (HSR) project linking
Singapore with Kuala Lumpur in Malaysia.
As Technical Consultant, Jacobs has provided consulting services
regarding ridership and revenue forecasts.
The Kuala Lumpur–Singapore HSR would span approximately 350km and
require the construction of a new rail line. Once completed, travel time
by HSR between the two cities would be approximately 90 minutes.
Upon making the announcement, Jacobs Group Vice President Kevin McMahon
said, “Jacobs has contributed to HSR projects around the world,
including several in the UK, Hong Kong and Europe. This is a landmark
project for the region that aims to significantly reduce travel times
between these popular centers of business, and we are delighted to be
playing a role in making it happen.”
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.
Source: Jacobs Engineering Group Inc.