LOS ANGELES--()--AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for public and private clients in more than 130 countries around the world, announced today that it was awarded a US$16.8-million contract by the Metropolitan Council of the Twin Cities to perform preliminary engineering work on the Southwest Light Rail Transit line in Minneapolis.
“We are delighted to play a key role in completing the Southwest Light Rail line as the project will offer a substantial return on investment for transit in the region and provide economic, environmental and social benefits to residents.”
AECOM will provide preliminary engineering services for the western half of a 15.8-mile corridor that includes 17 new stations that will operate from downtown Minneapolis through several southwestern suburban cities. This project is an extension of the Green Line between downtown St. Paul and downtown Minneapolis, which was also designed by AECOM and is scheduled to begin operation during 2014.
“AECOM is looking forward to being a part of the next step in building an extension of the transit system for the Twin Cities region,” said AECOM Chairman and Chief Executive Officer John M. Dionisio. “We are delighted to play a key role in completing the Southwest Light Rail line as the project will offer a substantial return on investment for transit in the region and provide economic, environmental and social benefits to residents.”
Construction is set to begin in 2015, with the line scheduled to begin operating during 2018.
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 130 countries and had revenue of $8.2 billion during the 12 months ended Sept. 30, 2012. 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, free cash flow, profit margins and statements of plans for future operations and growth, including with respect to our share repurchase program. AECOM believes that non-GAAP financial measures such as EBITDA and free cash flow also provide a meaningful perspective on its business results as the company utilizes this information to evaluate and manage the business. 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-K for the fiscal year ended Sept. 30, 2012, 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.