AECOM awarded US$148-million, three-year contract for Doha Expressway program
LOS ANGELES--(BUSINESS WIRE)-- AECOM Technology Corporation (NYS: ACM) , a leading provider of professional technical and management support services for public and private clients in more than 140 countries around the world, announced today that it has been awarded a US$148-million, three-year contract to provide construction-supervision and design-review services for the portion of the Doha Expressway program in Qatar known as Group 7.
The new dual highway will link the cities of Al Khor and Mesaieed. The program covers the creation of a 105-mile expressway — which will help facilitate movement of sea freight into and out of the New Port Project in Doha as well as ease the movement of trucks and delivery vehicles around the city.
The project will also feature foot and cycle paths, as well as a provision for a long-distance rail corridor. In addition, approximately 21 main free-flow junctions will be required, along with a number of priority-controlled junctions and private accesses.
"We are delighted to play such a vital role in advancing Qatar's infrastructure," said AECOM Chairman and Chief Executive Officer John M. Dionisio. "We look forward to playing a key role in creating a best-in-class infrastructure network that will help fuel the region's growth."
Work on the project is set to begin immediately.
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 more than 140 countries and had revenue of $8.2 billion during the 12 months ended March 31, 2013. 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, 2013, 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.
Paul Dickard, 646-432-8473
VP, External Communications
KEYWORDS: United States North America California Qatar Middle East
The article AECOM awarded US$148-million, three-year contract for Doha Expressway program originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.