AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it was awarded a substantial work order for project management services that include a consultancy, engineering, and construction services contract for a citywide storm water, flood-control, and wastewater infrastructure improvement program in Jeddah, Saudi Arabia.
Under the contract, which is worth approximately US$171 million, AECOM will offer all consultancy services for the management of the program, from the preliminary engineering works to the supervision of the emergency and long-term solutions against natural disasters, especially flooding.
“We are very excited to play the lead role in support of Jeddah’s infrastructure improvement plan,” said AECOM President and Chief Executive Officer John M. Dionisio. “This flood-control and wastewater program will enhance the quality of life for the city’s approximately 3.2 million residents.”
The tasks to be undertaken by AECOM include implementation of dams and other flood control barriers; constructing drainage canals and storm water reservoirs; resolving Jeddah’s most vulnerable flood points; preparing comprehensive studies for undeveloped areas, including environmental plans for the entire Jeddah governorate; implementing comprehensive infrastructure improvements to solve the sewerage problems in Jeddah; and establishing a disaster-management center for Makkah Province.
The program will be executed over the course of several years with the completion of the flood control improvements scheduled for 2013.
AECOM was selected from among 11 international firms competing for the program.
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in approximately 125 countries and had revenue of $7.3 billion during the 12 months ended March 31, 2011. More information on AECOM and its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than statements of historical fact are 'forward-looking statements' for purposes of federal and state securities laws, including any projections of earnings, statements of plans for future operations or expected revenue.Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our quarterly report on Form 10-Q for the fiscal quarter ended March 31, 2011, and our other reports filed with the U.S. Securities and Exchange Commission.AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.