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|AECOM wins US$23-million contract for public-private partnership highway-procurement project in Russia|
LOS ANGELES, Sep 19, 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 it has won a contract for the public-private partnership (PPP) concession for the Moscow-St. Petersburg M11 Highway project in Russia from the North-West Concession Company (NWCC), which comprises the French company Vinci Concessions and private Russian investors.
Under the contract, AECOM is named "Technical Expert" and will monitor the compliance of the project to the approved parameters and report both to the grantor (the state company Avtodor) and the concessionaire (NWCC). In particular, the company will provide design-review and construction-supervision services for the program. This highway project encompasses design, finance, construction and operation of the 27-mile first section of the new M11 toll road motorway from Moscow to St. Petersburg.
The existing M10 "Rossia" Highway is one of the busiest in Russia, and the new highway will provide a new alternative from Moscow to St. Petersburg, Sheremetyevo International Airport as well as to cities close to Moscow.
"AECOM is proud to play a role in such a large-scale PPP road-building project in Russia," said John M. Dionisio, AECOM president and chief executive officer. "Our worldwide expertise in creating infrastructure will help to ensure the project's full compliance with the highest quality standards."
The opening of the first section of the highway is estimated to take place 3 years after the start of construction, which has already begun.
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 $7.7 billion during the 12 months ended June 30, 2011. More information on AECOM and its services can be found at http://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 June 30, 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.
SOURCE: AECOM Technology Corporation
AECOM Technology Corporation