PASADENA, Calif., Sept. 22 /PRNewswire-FirstCall/ -- Jacobs Engineering Group Inc. (NYSE: JEC) announced today that it has received a contract to lead design efforts on the Interstate-15 (I-15) South Design-Build Project for the Nevada Department of Transportation (NDOT). This project includes roadway and bridge design for improvements to six miles of I-15, from Tropicana Avenue to Silverado Ranch Boulevard in Clark County, Nev., to relieve current congestion and prepare for future growth. Jacobs serves as subcontractor to Las Vegas Paving Corporation, the local contractor for the project.
Total construction value for project is estimated to be $246.5 million. Officials did not disclose the contract value.
In making the announcement, Jacobs Group Vice President Robert M. Clement stated, "We are excited to be working with Las Vegas Paving on this program, which continues our long-term relationship with NDOT. This is an important project for both Las Vegas residents and our local operations. We're pleased to play a key role in this effort."
Jacobs, with annual revenues exceeding $12 billion, 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 2008 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.