PASADENA, Calif., April 1, 2008 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that the Cone & Graham Inc. team, for which Jacobs is the design engineer, received a contract to provide design-build services on the Florida Department of Transportation, District Seven project to construct new twin bridges to carry US 19/US 98 (SR 55) over the Cross Florida Barge Canal and Greenways Trail in Citrus County, Fla.
Officials estimate the project value at $38 million, with construction scheduled for completion in Fall 2010.
Jacobs will provide highway and bridge design services for the project that includes new two-lane bridges, expanding the roadway approaches, demolishing the existing bridge, and resurfacing and adding lanes to US 19. Upon completion, the project will result in a safer four-lane divided highway.
In making the announcement, Jacobs Group Vice President Kevin McMahon stated, "Improvements to US 19 are critical to enhancing safety and mobility in the region and this project emphasizes our expertise in the design-build delivery of transportation projects. We are excited to work with Cone & Graham and to help District Seven advance their design-build program."
Jacobs, with over 54,000 employees and about $9 billion in revenues, 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:
Mary Bloom
626.578.6992
SOURCE Jacobs Engineering Group Inc.