Jacobs Renews Project Representative Role for Crossrail

PASADENA, Calif.--(BUSINESS WIRE)-- Jacobs Engineering Group Inc. (NYSE: JEC) announced today it was reappointed as Project Representative for the $22 billion (£14.8 billion) Crossrail program by the UK's Department for Transport (DfT) and Transport for London (TfL).

Company officials did not disclose the contract value, but noted that the contract is renewed for a term of up to five years.

Under the terms of the contract, as Crossrail Project Representative, Jacobs is providing assurance to the project sponsors (DfT and TfL) that Crossrail Ltd and its delivery partners deliver the project on schedule, within budget and to the agreed specification. This work involves a review of the program fundamentals: scope, strategy, risk, schedule, quality, cost and safety. It also considers the changing nature of Crossrail as it transitions from civil engineering to systems implementation and operations testing and commissioning.

Jacobs Group Vice President Bob Duff stated, "This award continues our long association with the Crossrail program; it is a privilege to have the opportunity to contribute our expertise on large and complex rail and infrastructure projects to support Europe's biggest infrastructure program. Our international work has given us a deep understanding of best practice in rail engineering and construction.”

Shaped by significant expansion, Jacobs has a 30-year rail history in the UK helping to support long-term growth through projects like HS2, East Coast Mainline enhancements, the Western Rail Access to Heathrow, the Channel Tunnel Rail Link (HS1), Blackfriars Station, the Thameslink program (including KO2 and London Bridge station) and Waterloo International Terminal.

Around the world, Jacobs is working on ground-breaking rail systems and other transportation projects including the Doha Metro in Qatar, the Hong Kong to Mainland China Express Rail Link and Australia’s North West Rail Link in Sydney.

The Crossrail program is expected to run over 100km from Reading and Heathrow in the west, through new tunnels under central London to the east, with 40 stations including 10 new stations. The first Crossrail services through central London are expected to start in late 2018. It is expected to increase London’s rail capacity by 10 percent and improve connectivity for an estimated 200 million annual passengers.

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

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from 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 2014 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 do not undertake to update any forward-looking statements made herein.

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Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.



Robin Shermer, 817.735.6284