Jacobs Receives Contract for the San Francisco Public Utilities Commission's Bay Tunnel Project

PASADENA, Calif., Sept. 23 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it received a contract from the San Francisco Public Utilities Commission to provide construction management (CM) services for the Bay Tunnel Project in California. The project will construct approximately five miles of nine-foot-diameter soft ground tunnel below the San Francisco Bay, two vertical shafts in areas adjacent to the Bay, and a watertight final lining of welded steel pipe.

The total installed cost of the construction project is valued at approximately $270 million with a CM contract value of $18 million.

In making the announcement, Jacobs Group Vice President Bob Clement stated, "We are very pleased to be awarded this major tunneling project in the San Francisco Bay Area. The tunnel is one of the most critical elements of the Water System Improvement Program to ensure the delivery of reliable, high quality, and affordable water to 2.4 million customers in the four Bay Area counties of Alameda, Santa Clara, San Mateo, and San Francisco. Our selection is testament to our capabilities to manage tunneling in difficult ground conditions and we are privileged to have the opportunity to help enhance the quality of life for the residents of the region."

Jacobs, with over 56,000 employees and revenues exceeding $10.0 billion, provides technical, professional, and construction services globally.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2007 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

For additional information contact:
Michelle Jones
626.578.6968

SOURCE Jacobs Engineering Group Inc.

Web site: http://www.jacobs.com