Public-private partnership model being used to deliver three high-density rail corridors
LOS ANGELES, Feb 24, 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 been awarded a five-year, US$17.6-million planning and design contract for Phase I services of India's Hyderabad Metro Rail project.
For the Public-Private Partnership (PPP) project, which uses a design, build, finance, operate and transfer model, AECOM is serving as owner's engineer and will provide overall planning and conceptual design of the systems; design review, system assurance and system integration; as well as interface management, including inspection, testing and commissioning, of the project. The project covers construction, operation and maintenance of three high-traffic-density metro rail corridors consisting of 66 stations and about 45 miles of elevated rail viaduct in the city of Hyderabad, the capital of Andhra Pradesh state.
AECOM, serving in the consortium's lead role, has won this project with consortium partner Feedback Ventures Private Limited from the concessionaire, L&T Metro Rail (Hyderabad) Limited, which is part of Larsen & Toubro Limited.
"AECOM is proud to play a role in the enhancement of India's transportation infrastructure and to see such an undertaking being delivered through the PPP model," said AECOM President and Chief Executive Officer John M. Dionisio.
The Hyderabad Metro Rail project concession was granted by the Government of Andhra Pradesh. The Metro Rail is expected to commence operation during 2016.
AECOM (NYSE: ACM) 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 more than 100 countries and had revenue of US$7.0 billion during the 12 months 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 annual 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
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer