AECOM Design Partnership Awarded Contract For Region Of Waterloo Light Rail Transit Project In Canada
LOS ANGELES--(BUSINESS WIRE)--
AECOM Technology Corporation (NYSE:ACM), the world’s #1-ranked engineering design firm, announced today that GrandLinq, a public-private partnership (PPP) in which it participates, has been awarded a contract by the Region of Waterloo in Ontario, Canada.
The GrandLinq PPP will design, build, finance, operate and maintain a new at-grade light rail transit (LRT) system between the cities of Waterloo and Kitchener. The contract is expected to be worth approximately US$23 million to AECOM.
As the PPP’s design lead, AECOM is responsible for the project’s detailed design, including track, civil, utilities, architecture, structural, landscape, systems and environmental services. Known as ION, the LRT system consists of 11 miles of track, 19 stops, 13 traction power stations and a new operations and maintenance facility to house and service the ION vehicle fleet. A focal point of the project will be the construction of a major grade separation for a future intermodal transit facility. Other notable scope elements include two new rail structures and public infrastructure works.
“We are proud that AECOM will help advance the region’s transit system by providing integrated design management, as well as environmental and community-outreach services,” said Michael S. Burke, AECOM president and chief executive officer. “We look forward to leveraging AECOM’s expertise — working with our partners to deliver a convenient and environmentally friendly transportation option to residents.”
Work on the project has already commenced. Project construction is expected to be completed by 2017.
Ranked as the #1 engineering design firm by revenue in Engineering News-Record magazine’s annual industry rankings, AECOM is a premier, fully integrated infrastructure and support services firm, with a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees — including architects, engineers, designers, planners, scientists and management and construction services professionals — serving clients in more than 150 countries 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 had revenue of $8.0 billion during the 12 months ended March 31, 2014. 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, 2014, 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.
Copyright Business Wire 2014