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|AECOM joint venture awarded US$60-million program-management contract|
LOS ANGELES, Feb 15, 2011 (BUSINESS WIRE) -- 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 a joint venture in which it participates with Rummel, Klepper & Kahl LLP has been awarded an eight-year, US$60-million program-management contract by the Maryland Transit Administration (MTA) of the Maryland Department of Transportation.
The work is for the program management of major capital projects in Maryland involving new mass transit initiatives, including the Red Line, the Purple Line and the Corridor Cities Transitway light rail projects, which are currently in the planning and environmental phases of project development.
"We are excited to play a key role in expanding and revitalizing Maryland's public transportation system," said John M. Dionisio, AECOM president and chief executive officer.
Under the contract, the joint venture team will be responsible for project management of the Purple Line as well as systems preservation, enhancement and expansion for all of MTA's existing transport modes, including bus, metro subway, light rail, Maryland Area Regional Commuter Rail, commuter bus, paratransit and freight. The team will finalize planning and preliminary engineering activities, oversee final design and pre-construction work, and provide construction management/inspection, quality assurance/quality control, and systems start-up services.
Project works are expected to be completed over an eight-year period.
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 enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 100 countries and had revenue of $7 billion during the 12-month period ended Dec. 31, 2010. 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 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 Dec. 31, 2010, 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.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation