Jacobs to Provide Engineering Services for TH 169/I-494 Interchange Project in Minneapolis

PASADENA, Calif., Jan. 18, 2011 /PRNewswire via COMTEX/ --Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it was selected to provide engineering services for the Trunk Highway (TH) 169/Interstate 494 Interchange under a design-build contract from the Minnesota Department of Transportation.

Officials estimate the contract value at $125.3 million.

Jacobs is the design lead for the design-build team, which is led by the joint venture of C.S. McCrossan Construction, Inc. and Edward Kraemer & Sons, Inc. The project is expected to improve capacity, congestion and traffic operation at the vital Hennepin County intersection.

In making the announcement, Jacobs Group Vice President Kevin McMahon stated, "We are excited about working with our construction partners and the Minnesota Department of Transportation to help them improve traffic flow for residents, businesses and the travelling public."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

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 2010 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.

SOURCE Jacobs Engineering Group Inc.