The award – which is expected to be worth approximately US$60 million when signed – is part of the program’s Contract E, which covers the reconstruction of the I-95/I-91/Route 34 Interchange. The interchange project has a total construction value of approximately US$600 million. AECOM’s revenue on the project is expected to be approximately US$25 million.
“We are excited to be chosen for this important roadway improvement project, which will greatly enhance traffic operations in the New Haven area,” said AECOM President and Chief Executive Officer John M. Dionisio. “We are proud to support ConnDOT in this effort.”
The project includes the reconfiguration of the interchange to eliminate the left lane exit and entrance ramps and provides for two-lane interstate-to-interstate connections. The reconstruction will provide three travel lanes on I-95 through the interchange, and includes 21 new or modified bridges, 21 retaining walls, new drainage systems, signing and lighting. Construction of the interchange is slated to begin during March 2011 and is scheduled for completion during November 2016.
ConnDOT’s I-95 NHHC Corridor Improvement Program is a multi-modal transportation-improvement program that features public transit enhancements and roadway improvements along 7.2 miles of I-95 between Exit 46 in New Haven and Exit 54 in Branford. It has a total construction value of approximately US$2 billion, making it the largest project of its kind ever undertaken by the state.
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 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 $6.3 billion during the 12-month period ended March 31, 2010. More information on AECOM and its services can be found at live-aecom.pantheonsite.io.
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 quarterly report on Form 10-Q for the fiscal quarter ended March 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.
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer