The new work includes a 20-month project extension and $58.8-million add-on award. AECOM’s fees on the project are now expected to total US$208.1 million.
Undertaken by the Government of Qatar, the port project, which has a construction value of approximately US$6 billion, is currently the world’s largest “greenfield” port-development project. The add-on work is related to program management services for an expansion of Phase 1 of the new commercial port development, the addition of a Qatari naval base to the project and the creation of an industrial canal for a new economic development zone.
“This substantial addition to the project provides an excellent example of the confidence AECOM strives to earn from its clients,” said John M. Dionisio, AECOM president and chief executive officer.
“We were able to win this work by leveraging our global expertise and local presence to serve this important client.”
Experts from AECOM’s industry-leading global transportation and program management practices will be joined by the company’s local construction management staff on this new port facility project. More than 3,500 AECOM employees serve clients in Qatar, the United Arab Emirates, Oman, the Kingdom of Saudi Arabia and Bahrain.
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 51,000 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 June 30, 2010. More information on AECOM and its services can be found at 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 quarterly report on Form 10-Q for the fiscal quarter ended June 30, 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